Blackstone Inc. (NYSE:BX) Shares Purchased by PDS Planning Inc

PDS Planning Inc lifted its position in shares of Blackstone Inc. (NYSE:BX) by 6.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,094 shares of the asset manager’s stock after purchasing an additional 119 shares during the quarter. PDS Planning Inc’s holdings in Blackstone were worth $321,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of BX. Chilton Capital Management LLC acquired a new position in shares of Blackstone in the first quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Blackstone in the 2nd quarter valued at about $26,000. EdgeRock Capital LLC acquired a new stake in Blackstone in the 2nd quarter valued at approximately $27,000. West Financial Advisors LLC bought a new stake in shares of Blackstone during the 3rd quarter worth about $27,000. Finally, Bank & Trust Co bought a new position in Blackstone during the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insider Buying and Selling at Blackstone

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

Blackstone Stock Performance

NYSE BX opened at $167.04 on Tuesday. Blackstone Inc. has a 52-week low of $96.15 and a 52-week high of $175.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.77. The firm has a market capitalization of $120.28 billion, a price-to-earnings ratio of 57.40, a P/E/G ratio of 1.44 and a beta of 1.49. The company’s fifty day moving average is $154.40 and its two-hundred day moving average is $136.69.

Blackstone Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Monday, October 28th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Monday, October 28th. This is an increase from Blackstone’s previous quarterly dividend of $0.82. Blackstone’s dividend payout ratio (DPR) is 118.21%.

Wall Street Analyst Weigh In

A number of research firms recently commented on BX. Wells Fargo & Company boosted their target price on shares of Blackstone from $169.00 to $188.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Bank of America increased their price objective on Blackstone from $171.00 to $192.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Cowen reissued a “hold” rating on shares of Blackstone in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their target price on shares of Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Blackstone from $145.00 to $146.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.