Capital Management Associates NY lowered its holdings in shares of Blackstone Inc. (NYSE:BX – Free Report) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,713 shares of the asset manager’s stock after selling 2,916 shares during the quarter. Blackstone accounts for 4.2% of Capital Management Associates NY’s portfolio, making the stock its 3rd biggest holding. Capital Management Associates NY’s holdings in Blackstone were worth $3,571,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Blackstone in the 3rd quarter worth $245,000. Aptus Capital Advisors LLC raised its position in shares of Blackstone by 18.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 8,388 shares of the asset manager’s stock worth $1,284,000 after acquiring an additional 1,284 shares in the last quarter. Empower Advisory Group LLC raised its position in shares of Blackstone by 55.5% in the 3rd quarter. Empower Advisory Group LLC now owns 3,469 shares of the asset manager’s stock worth $531,000 after acquiring an additional 1,238 shares in the last quarter. Plato Investment Management Ltd raised its position in shares of Blackstone by 136.4% in the 3rd quarter. Plato Investment Management Ltd now owns 759 shares of the asset manager’s stock worth $116,000 after acquiring an additional 438 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of Blackstone by 1.9% in the 3rd quarter. Huntington National Bank now owns 24,451 shares of the asset manager’s stock worth $3,744,000 after acquiring an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.
Insiders Place Their Bets
In other Blackstone news, Director Ruth Porat purchased 301 shares of the stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the completion of the transaction, the director now owns 36,829 shares of the company’s stock, valued at $6,071,260.65. This trade represents a 0.82 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.00% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on BX
Blackstone Stock Up 3.3 %
Shares of BX opened at $141.01 on Friday. Blackstone Inc. has a 52 week low of $115.82 and a 52 week high of $200.96. 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 $102.86 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 1.07 and a beta of 1.55. The stock’s 50-day moving average price is $165.90 and its 200-day moving average price is $166.84.
Blackstone (NYSE:BX – Get Free Report) last issued its earnings results on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. On average, sell-side analysts predict that Blackstone Inc. will post 5.87 EPS for the current year.
Blackstone Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a dividend of $1.44 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a yield of 4.08%. This is an increase from Blackstone’s previous quarterly dividend of $0.86. Blackstone’s dividend payout ratio is currently 158.68%.
About Blackstone
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.
Featured Articles
- Five stocks we like better than Blackstone
- The 3 Best Fintech Stocks to Buy Now
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- Investing in Travel Stocks Benefits
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- What is the Hang Seng index?
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Want to see what other hedge funds are holding BX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Inc. (NYSE:BX – Free Report).
Receive News & Ratings for Blackstone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone and related companies with MarketBeat.com's FREE daily email newsletter.