Blackstone Inc. (NYSE:BX) Shares Acquired by Ayrshire Capital Management LLC

Ayrshire Capital Management LLC grew its position in shares of Blackstone Inc. (NYSE:BX) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,942 shares of the asset manager’s stock after acquiring an additional 69 shares during the period. Blackstone comprises about 0.8% of Ayrshire Capital Management LLC’s holdings, making the stock its 28th largest position. Ayrshire Capital Management LLC’s holdings in Blackstone were worth $1,714,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BX. West Financial Advisors LLC purchased a new position in shares of Blackstone in the 3rd quarter valued at $27,000. Bangor Savings Bank grew its stake in shares of Blackstone by 187.5% during the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 105 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Blackstone during the 2nd quarter worth approximately $39,000. Raleigh Capital Management Inc. increased its stake in shares of Blackstone by 32.1% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after buying an additional 62 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new position in Blackstone during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insiders Place Their Bets

In related news, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the completion of the transaction, the insider now directly owns 387,137 shares in the company, valued at $68,112,883.78. This represents a 9.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on BX shares. Evercore ISI boosted their price objective on Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, October 14th. StockNews.com upgraded shares of Blackstone from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. UBS Group increased their price objective on shares of Blackstone from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Cowen reiterated a “hold” rating on shares of Blackstone in a research report on Friday, October 18th. Finally, Morgan Stanley upped their price objective on Blackstone from $164.00 to $177.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Blackstone presently has a consensus rating of “Hold” and a consensus price target of $170.50.

Blackstone Price Performance

NYSE BX opened at $165.70 on Tuesday. The business’s fifty day moving average is $180.71 and its two-hundred day moving average is $157.27. The stock has a market capitalization of $119.64 billion, a P/E ratio of 56.94, a P/E/G ratio of 1.63 and a beta of 1.53. Blackstone Inc. has a 1 year low of $114.88 and a 1 year high of $200.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71.

Blackstone (NYSE:BX) last issued its quarterly earnings results on Thursday, October 17th. The asset manager reported $1.01 EPS for the quarter, beating the consensus estimate of $0.91 by $0.10. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.37 billion. Blackstone had a net margin of 19.46% and a return on equity of 17.53%. On average, research analysts forecast that Blackstone Inc. will post 4.43 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Monday, October 28th were given a $0.86 dividend. This is an increase from Blackstone’s previous quarterly dividend of $0.82. The ex-dividend date was Monday, October 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.08%. Blackstone’s dividend payout ratio is presently 118.21%.

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.