Moloney Securities Asset Management LLC Sells 304 Shares of Blackstone Inc. (NYSE:BX)

Moloney Securities Asset Management LLC reduced its stake in shares of Blackstone Inc. (NYSE:BX) by 7.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,778 shares of the asset manager’s stock after selling 304 shares during the period. Moloney Securities Asset Management LLC’s holdings in Blackstone were worth $579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BX. Catalyst Capital Advisors LLC purchased a new position in Blackstone during the third quarter valued at approximately $68,000. Rational Advisors LLC lifted its holdings in Blackstone by 4.8% during the third quarter. Rational Advisors LLC now owns 22,000 shares of the asset manager’s stock valued at $3,369,000 after purchasing an additional 1,000 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in Blackstone by 57.7% during the third quarter. Hazlett Burt & Watson Inc. now owns 276 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 101 shares in the last quarter. Quintet Private Bank Europe S.A. lifted its holdings in shares of Blackstone by 12.9% in the third quarter. Quintet Private Bank Europe S.A. now owns 996 shares of the asset manager’s stock worth $153,000 after buying an additional 114 shares in the last quarter. Finally, PDS Planning Inc lifted its holdings in shares of Blackstone by 6.0% in the third quarter. PDS Planning Inc now owns 2,094 shares of the asset manager’s stock worth $321,000 after buying an additional 119 shares in the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

Blackstone Trading Up 4.0 %

NYSE BX opened at $176.38 on Thursday. The company’s 50-day moving average price is $155.70 and its 200-day moving average price 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. The stock has a market cap of $127.01 billion, a PE ratio of 60.61, a PEG ratio of 1.44 and a beta of 1.49. Blackstone Inc. has a 12 month low of $96.15 and a 12 month high of $178.30.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, October 28th were issued a $0.86 dividend. The ex-dividend date was Monday, October 28th. This is a boost 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 dividend payout ratio is presently 118.21%.

Insider Transactions at Blackstone

In other news, Director Joseph Baratta sold 116,448 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $150.81, for a total value of $17,561,522.88. Following the transaction, the director now directly owns 799,749 shares in the company, valued at approximately $120,610,146.69. 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 accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on BX shares. The Goldman Sachs Group boosted their target price on shares of Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Bank of America boosted their target price on shares of Blackstone from $171.00 to $192.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Evercore ISI boosted their target price on shares of Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Barclays upped their price target on shares of Blackstone from $155.00 to $174.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, Redburn Atlantic started coverage on shares of Blackstone in a research note on Tuesday, August 27th. They set a “neutral” rating and a $134.00 price target on the stock. Thirteen investment 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 company currently has a consensus rating of “Hold” and an average 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.