Blackstone Inc. (NYSE:BX) Stock Position Lifted by Cozad Asset Management Inc.

Cozad Asset Management Inc. grew its position in shares of Blackstone Inc. (NYSE:BX) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,513 shares of the asset manager’s stock after buying an additional 1,434 shares during the period. Blackstone comprises 1.5% of Cozad Asset Management Inc.’s portfolio, making the stock its 12th largest position. Cozad Asset Management Inc.’s holdings in Blackstone were worth $15,391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. West Financial Advisors LLC acquired a new stake in Blackstone in the 3rd quarter valued at approximately $27,000. Chilton Capital Management LLC acquired a new stake in shares of Blackstone in the first quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Blackstone during the second quarter worth $26,000. EdgeRock Capital LLC purchased a new stake in shares of Blackstone during the second quarter worth $27,000. Finally, Bank & Trust Co bought a new position in Blackstone during the second quarter valued at about $29,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BX shares. Evercore ISI lifted their price objective on Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Citigroup upped their price objective on Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Cowen reiterated a “hold” rating on shares of Blackstone in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their price target on 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 increased their price target on Blackstone from $145.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $155.38.

Blackstone Stock Performance

BX stock opened at $176.38 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Blackstone Inc. has a twelve month low of $96.15 and a twelve month high of $178.30. The business’s fifty day moving average is $155.70 and its 200-day moving average is $137.33. The company has a market cap of $127.01 billion, a P/E ratio of 60.61, a price-to-earnings-growth ratio of 1.44 and a beta of 1.49.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Monday, October 28th were given a $0.86 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.95%. This is a boost from Blackstone’s previous quarterly dividend of $0.82. Blackstone’s dividend payout ratio is currently 118.21%.

Insiders Place Their Bets

In other Blackstone news, Director Joseph Baratta sold 116,448 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total transaction of $17,561,522.88. Following the completion of the transaction, the director now owns 799,749 shares in the company, valued at approximately $120,610,146.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

About Blackstone

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.