Blackstone Inc. (NYSE:BX) Stock Holdings Boosted by Madison Park Capital Advisors LLC

Madison Park Capital Advisors LLC grew its position in Blackstone Inc. (NYSE:BX) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,817 shares of the asset manager’s stock after purchasing an additional 245 shares during the period. Blackstone makes up approximately 1.9% of Madison Park Capital Advisors LLC’s holdings, making the stock its 17th biggest position. Madison Park Capital Advisors LLC’s holdings in Blackstone were worth $2,575,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wulff Hansen & CO. increased its stake in Blackstone by 12,192.7% during the 2nd quarter. Wulff Hansen & CO. now owns 7,340,845 shares of the asset manager’s stock valued at $908,797,000 after buying an additional 7,281,128 shares during the period. Capital World Investors increased its stake in shares of Blackstone by 7.5% during the first quarter. Capital World Investors now owns 36,285,872 shares of the asset manager’s stock valued at $4,766,875,000 after acquiring an additional 2,546,886 shares during the period. Lazard Asset Management LLC lifted its position in Blackstone by 19,048.1% in the first quarter. Lazard Asset Management LLC now owns 1,883,409 shares of the asset manager’s stock worth $247,423,000 after purchasing an additional 1,873,573 shares during the period. Vanguard Group Inc. increased its position in shares of Blackstone by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 64,262,972 shares of the asset manager’s stock valued at $8,442,227,000 after purchasing an additional 1,290,324 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Blackstone by 213.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,375,969 shares of the asset manager’s stock valued at $170,345,000 after buying an additional 937,084 shares during the period. Institutional investors own 70.00% of the company’s stock.

Insider Transactions at Blackstone

In related news, insider John G. Finley sold 35,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $131.74, for a total value of $4,610,900.00. Following the completion of the transaction, the insider now owns 429,386 shares of the company’s stock, valued at $56,567,311.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Joseph Baratta sold 116,448 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total transaction of $17,561,522.88. Following the sale, the director now directly owns 799,749 shares in the company, valued at $120,610,146.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John G. Finley sold 35,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $131.74, for a total value of $4,610,900.00. Following the completion of the transaction, the insider now directly owns 429,386 shares in the company, valued at approximately $56,567,311.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Blackstone Stock Performance

NYSE:BX opened at $172.36 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.77 and a current ratio of 0.77. The firm’s 50-day moving average is $147.01 and its 200-day moving average is $133.27. Blackstone Inc. has a 52-week low of $88.59 and a 52-week high of $175.94. The company has a market cap of $123.18 billion, a price-to-earnings ratio of 60.90, a PEG ratio of 1.24 and a beta of 1.51.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, July 18th. The asset manager reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.03). The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $2.58 billion. Blackstone had a return on equity of 17.43% and a net margin of 19.35%. Blackstone’s revenue was up 166.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. Equities research analysts anticipate that Blackstone Inc. will post 4.46 earnings per share for the current year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, October 28th will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Monday, October 28th. This is a positive change from Blackstone’s previous quarterly dividend of $0.82. Blackstone’s payout ratio is 115.90%.

Analyst Ratings Changes

Several equities research analysts have commented on BX shares. BMO Capital Markets boosted their price target on shares of Blackstone from $112.00 to $134.00 and gave the stock a “market perform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Blackstone from $145.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Wells Fargo & Company upped their price target on Blackstone from $169.00 to $188.00 and gave the company an “overweight” rating in a report on Friday. Bank of America lifted their target price on Blackstone from $171.00 to $192.00 and gave the stock a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their price target on Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $152.41.

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.