Blackstone Inc. (NYSE:BX) Holdings Reduced by Jmac Enterprises LLC

Jmac Enterprises LLC reduced its holdings in Blackstone Inc. (NYSE:BX) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,100 shares of the asset manager’s stock after selling 200 shares during the quarter. Jmac Enterprises LLC’s holdings in Blackstone were worth $934,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC acquired a new stake in Blackstone in the 1st quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Blackstone during the 2nd quarter worth about $26,000. EdgeRock Capital LLC acquired a new position in shares of Blackstone in the second quarter worth about $27,000. West Financial Advisors LLC acquired a new stake in shares of Blackstone during the third quarter valued at approximately $27,000. Finally, Bank & Trust Co purchased a new position in Blackstone during the 2nd quarter worth approximately $29,000. Institutional investors own 70.00% of the company’s stock.

Insider Transactions at Blackstone

In related news, Director Joseph Baratta sold 116,448 shares of Blackstone stock in a transaction dated 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 completion of the transaction, the director now directly owns 799,749 shares of the company’s stock, valued at $120,610,146.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Blackstone Stock Down 0.9 %

Shares of BX stock opened at $174.78 on Thursday. The stock has a fifty day moving average price of $155.70 and a 200 day moving average price of $137.33. The stock has a market cap of $125.86 billion, a P/E ratio of 60.61, a price-to-earnings-growth ratio of 1.44 and a beta of 1.49. Blackstone Inc. has a one year low of $96.15 and a one year high of $178.30. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.77.

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, October 28th were paid a $0.86 dividend. This is a positive change from Blackstone’s previous quarterly dividend of $0.82. This represents a $3.44 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, October 28th. Blackstone’s dividend payout ratio is currently 118.21%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Blackstone from $169.00 to $188.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Redburn Atlantic started coverage on Blackstone in a research report on Tuesday, August 27th. They set a “neutral” rating and a $134.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their price target on Blackstone from $145.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Finally, Morgan Stanley lifted their target price 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $155.38.

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.