Blackstone Inc. (NYSE:BX) Shares Acquired by Graypoint LLC

Graypoint LLC increased its position in shares of Blackstone Inc. (NYSE:BX) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,696 shares of the asset manager’s stock after buying an additional 854 shares during the period. Graypoint LLC’s holdings in Blackstone were worth $5,926,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chilton Capital Management LLC acquired a new position in shares of Blackstone in the first quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Blackstone in the second quarter valued at $26,000. EdgeRock Capital LLC acquired a new position in shares of Blackstone during the 2nd quarter worth $27,000. West Financial Advisors LLC acquired a new stake in shares of Blackstone in the third quarter valued at about $27,000. Finally, Bank & Trust Co purchased a new position in Blackstone in the second quarter valued at about $29,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BX shares. The Goldman Sachs Group lifted their price target on shares of Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Evercore ISI raised their price objective on shares of Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company lifted their price target on shares of Blackstone from $169.00 to $188.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Redburn Atlantic assumed coverage on Blackstone in a research report on Tuesday, August 27th. They issued a “neutral” rating and a $134.00 price target for the company. Finally, Morgan Stanley upped their price objective on shares of Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $155.38.

Blackstone Stock Performance

BX opened at $176.38 on Thursday. The stock has a market cap of $127.01 billion, a PE ratio of 60.61, a P/E/G ratio of 1.44 and a beta of 1.49. The stock’s 50 day simple moving average is $155.70 and its 200-day simple moving average is $137.33. The company has a current ratio of 0.71, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Blackstone Inc. has a 1 year low of $96.15 and a 1 year high of $178.30.

Blackstone Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Monday, October 28th were paid a $0.86 dividend. The ex-dividend date of this dividend was Monday, October 28th. This is an increase from Blackstone’s previous quarterly dividend of $0.82. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.95%. Blackstone’s payout ratio is currently 118.21%.

Insider Activity at Blackstone

In other news, Director Joseph Baratta sold 116,448 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total value of $17,561,522.88. Following the transaction, the director now owns 799,749 shares of the company’s stock, valued at $120,610,146.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

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.