Sei Investments Co. Has $76.19 Million Stock Holdings in Blackstone Inc. (NYSE:BX)

Sei Investments Co. raised its holdings in shares of Blackstone Inc. (NYSE:BX) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 441,877 shares of the asset manager’s stock after purchasing an additional 35,500 shares during the period. Sei Investments Co. owned 0.06% of Blackstone worth $76,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. American Century Companies Inc. increased its holdings in Blackstone by 11.8% in the fourth quarter. American Century Companies Inc. now owns 65,513 shares of the asset manager’s stock valued at $11,296,000 after purchasing an additional 6,938 shares during the last quarter. Plancorp LLC increased its stake in shares of Blackstone by 5.4% in the 4th quarter. Plancorp LLC now owns 1,663 shares of the asset manager’s stock valued at $287,000 after acquiring an additional 85 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new position in Blackstone during the 4th quarter worth approximately $3,409,000. Mizuho Securities USA LLC increased its stake in Blackstone by 46.6% in the fourth quarter. Mizuho Securities USA LLC now owns 68,430 shares of the asset manager’s stock valued at $11,799,000 after purchasing an additional 21,737 shares in the last quarter. Finally, Cyrus J. Lawrence LLC boosted its position in shares of Blackstone by 0.7% during the fourth quarter. Cyrus J. Lawrence LLC now owns 101,984 shares of the asset manager’s stock worth $17,584,000 after purchasing an additional 690 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ruth Porat purchased 301 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $164.85 per share, with a total value of $49,619.85. Following the acquisition, the director now owns 36,829 shares in the company, valued at approximately $6,071,260.65. This trade represents a 0.82 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Blackstone Stock Down 0.1 %

Shares of BX stock opened at $148.65 on Friday. The firm’s 50-day moving average is $163.53 and its 200-day moving average is $167.28. The stock has a market cap of $108.43 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 1.07 and a beta of 1.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96.

Blackstone (NYSE:BX) last issued its earnings results on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, topping the consensus estimate of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. Sell-side analysts predict that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a $1.44 dividend. The ex-dividend date was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a yield of 3.87%. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. Blackstone’s dividend payout ratio is 158.68%.

Wall Street Analyst Weigh In

BX has been the topic of several recent analyst reports. Barclays reiterated an “equal weight” rating on shares of Blackstone in a report on Friday, February 7th. TD Cowen upgraded Blackstone from a “hold” rating to a “buy” rating and boosted their price objective for the company from $149.00 to $230.00 in a research report on Monday, December 9th. Citigroup reaffirmed a “hold” rating on shares of Blackstone in a research note on Friday, February 7th. UBS Group upgraded shares of Blackstone from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Blackstone from $149.00 to $154.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $171.13.

Blackstone Company 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.