Country Club Bank Has $1.90 Million Holdings in Blackstone Inc. (NYSE:BX)

Country Club Bank grew its holdings in Blackstone Inc. (NYSE:BX) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,055 shares of the asset manager’s stock after purchasing an additional 570 shares during the quarter. Country Club Bank’s holdings in Blackstone were worth $1,902,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BX. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Blackstone by 29.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,537 shares of the asset manager’s stock valued at $15,686,000 after purchasing an additional 20,849 shares during the period. Y.D. More Investments Ltd grew its position in Blackstone by 30.2% during the fourth quarter. Y.D. More Investments Ltd now owns 2,343 shares of the asset manager’s stock worth $404,000 after buying an additional 544 shares in the last quarter. Osprey Private Wealth LLC raised its holdings in Blackstone by 2.6% in the 4th quarter. Osprey Private Wealth LLC now owns 13,175 shares of the asset manager’s stock valued at $2,272,000 after acquiring an additional 340 shares in the last quarter. Spirit of America Management Corp NY grew its holdings in shares of Blackstone by 11.5% during the 4th quarter. Spirit of America Management Corp NY now owns 13,100 shares of the asset manager’s stock worth $2,259,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Hager Investment Management Services LLC acquired a new position in shares of Blackstone in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BX. The Goldman Sachs Group upped their target price on shares of Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. TD Cowen upgraded Blackstone from a “hold” rating to a “buy” rating and raised their target price for the stock from $149.00 to $230.00 in a research report on Monday, December 9th. Barclays dropped their price objective on Blackstone from $192.00 to $186.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, 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 research report on Friday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $172.38.

Blackstone Trading Up 2.4 %

Shares of BX opened at $174.99 on Thursday. The stock’s fifty day simple moving average is $179.34 and its 200-day simple moving average is $163.11. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $126.34 billion, a PE ratio of 48.21, a price-to-earnings-growth ratio of 1.18 and a beta of 1.53. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96.

Blackstone (NYSE:BX) last posted its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.19. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. As a group, research analysts predict that Blackstone Inc. will post 5.86 earnings per share for the current year.

Blackstone Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th will be paid a $1.44 dividend. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date is Monday, February 10th. This represents a $5.76 annualized dividend and a yield of 3.29%. Blackstone’s dividend payout ratio is presently 94.77%.

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.