Tokio Marine Asset Management Co. Ltd. Purchases 1,048 Shares of Blackstone Inc. (NYSE:BX)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Blackstone Inc. (NYSE:BX) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,797 shares of the asset manager’s stock after buying an additional 1,048 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Blackstone were worth $3,758,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BX. West Financial Advisors LLC bought a new position in shares of Blackstone in the 3rd quarter worth $27,000. Bangor Savings Bank boosted its holdings in Blackstone by 187.5% during the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after buying an additional 105 shares during the last quarter. Berbice Capital Management LLC bought a new stake in shares of Blackstone in the 4th quarter valued at about $34,000. Raleigh Capital Management Inc. boosted its stake in Blackstone by 32.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after acquiring an additional 62 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new position in Blackstone during the fourth quarter valued at approximately $39,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Stock Down 0.5 %

Shares of BX stock opened at $176.92 on Monday. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96. The firm’s 50-day moving average is $180.15 and its 200-day moving average is $162.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $127.74 billion, a price-to-earnings ratio of 60.80, a PEG ratio of 1.24 and a beta of 1.53.

Blackstone (NYSE:BX) last posted its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.19. Blackstone had a net margin of 19.46% and a return on equity of 17.53%. Sell-side analysts predict that Blackstone Inc. will post 4.41 EPS for the current year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be given a dividend of $1.44 per share. The ex-dividend date of this dividend is Monday, February 10th. This is an increase from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a yield of 3.26%. Blackstone’s dividend payout ratio (DPR) is currently 158.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Blackstone from $149.00 to $154.00 and gave the company a “neutral” rating in a report on Friday. Barclays dropped their price target on Blackstone from $192.00 to $186.00 and set an “equal weight” rating on the stock in a research report on Friday. Keefe, Bruyette & Woods increased their target price on Blackstone from $174.00 to $177.00 and gave the stock a “market perform” rating in a research note on Friday. Citigroup upped their price target on shares of Blackstone from $170.00 to $190.00 and gave the company a “neutral” rating in a report on Friday. Finally, Evercore ISI boosted their price objective on shares of Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $171.13.

Insider Buying and Selling

In other news, insider John G. Finley sold 42,249 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $175.94, for a total value of $7,433,289.06. Following the transaction, the insider now directly owns 387,137 shares of the company’s stock, valued at $68,112,883.78. The trade was a 9.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by 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.