Arlington Trust Co LLC Sells 100 Shares of Blackstone Inc. (NYSE:BX)

Arlington Trust Co LLC decreased its position in Blackstone Inc. (NYSE:BX) by 7.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,201 shares of the asset manager’s stock after selling 100 shares during the quarter. Arlington Trust Co LLC’s holdings in Blackstone were worth $184,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. West Financial Advisors LLC bought a new stake in Blackstone in the third quarter worth $27,000. Chilton Capital Management LLC purchased a new position in Blackstone in the first quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Blackstone in the 2nd quarter valued at approximately $26,000. EdgeRock Capital LLC bought a new position in shares of Blackstone during the 2nd quarter valued at approximately $27,000. Finally, Bank & Trust Co bought a new stake in Blackstone in the second quarter worth $29,000. 70.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Blackstone Stock Up 0.2 %

Shares of NYSE:BX traded up $0.39 on Friday, hitting $168.14. 3,453,223 shares of the company’s stock were exchanged, compared to its average volume of 3,430,058. The company has a market capitalization of $121.07 billion, a PE ratio of 57.78, a P/E/G ratio of 1.47 and a beta of 1.51. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 0.71. Blackstone Inc. has a 1-year low of $96.15 and a 1-year high of $175.94. The firm’s 50-day moving average is $153.90 and its 200 day moving average is $136.17.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, October 28th will be paid a $0.86 dividend. The ex-dividend date is Monday, October 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.05%. This is a boost from Blackstone’s previous quarterly dividend of $0.82. Blackstone’s payout ratio is currently 118.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BX shares. Citigroup boosted their price objective on shares of Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, October 18th. TD Cowen raised their target price on Blackstone from $133.00 to $149.00 and gave the stock a “hold” rating in a report on Friday, October 18th. BMO Capital Markets increased their price objective on shares of Blackstone from $112.00 to $134.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Finally, Evercore ISI upped their price target on Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone presently has an average rating of “Hold” and a consensus target price of $155.38.

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.