Y Intercept Hong Kong Ltd Has $15.14 Million Position in Blackstone Inc. (NYSE:BX)

Y Intercept Hong Kong Ltd lifted its holdings in Blackstone Inc. (NYSE:BX) by 316.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,822 shares of the asset manager’s stock after purchasing an additional 66,759 shares during the quarter. Blackstone accounts for approximately 1.0% of Y Intercept Hong Kong Ltd’s holdings, making the stock its 3rd largest position. Y Intercept Hong Kong Ltd’s holdings in Blackstone were worth $15,142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bangor Savings Bank raised its holdings in shares of Blackstone by 187.5% in the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after purchasing an additional 105 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Blackstone in the fourth quarter valued at $28,000. Centricity Wealth Management LLC acquired a new stake in shares of Blackstone during the 4th quarter valued at $30,000. Berbice Capital Management LLC acquired a new position in shares of Blackstone in the 4th quarter worth $34,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Blackstone during the fourth quarter valued at $34,000. 70.00% of the stock is currently owned by institutional investors.

Blackstone Trading Down 3.5 %

Shares of BX stock opened at $158.21 on Monday. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96. The firm has a 50 day moving average price of $173.58 and a two-hundred day moving average price of $165.74. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $114.23 billion, a PE ratio of 43.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.53.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.19. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. As a group, analysts predict that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were issued a $1.44 dividend. This represents a $5.76 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Monday, February 10th. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. Blackstone’s dividend payout ratio (DPR) is 158.68%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. TD Cowen raised Blackstone from a “hold” rating to a “buy” rating and raised their target price for the stock from $149.00 to $230.00 in a research report on Monday, December 9th. StockNews.com downgraded Blackstone from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods lifted their target price on Blackstone from $174.00 to $177.00 and gave the company a “market perform” rating in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $172.38.

Insider Buying and Selling at Blackstone

In other news, Director Ruth Porat purchased 301 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the transaction, the director now owns 36,829 shares of the company’s stock, valued at approximately $6,071,260.65. This trade represents a 0.82 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Blackstone Profile

Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.