749 Shares in Blackstone Inc. (NYSE:BX) Purchased by Crews Bank & Trust

Crews Bank & Trust bought a new position in shares of Blackstone Inc. (NYSE:BX) during the 4th quarter, Holdings Channel.com reports. The fund bought 749 shares of the asset manager’s stock, valued at approximately $129,000.

Several other institutional investors have also made changes to their positions in the stock. West Financial Advisors LLC bought a new stake in shares of Blackstone during the 3rd quarter valued at $27,000. Bangor Savings Bank grew its stake in Blackstone by 187.5% during the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after buying an additional 105 shares in the last quarter. Berbice Capital Management LLC acquired a new position in shares of Blackstone in the 4th quarter valued at approximately $34,000. Raleigh Capital Management Inc. boosted its position in shares of Blackstone by 32.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after acquiring an additional 62 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new position in Blackstone during the fourth quarter valued at approximately $39,000. 70.00% of the stock is currently owned by institutional investors.

Blackstone Price Performance

BX stock opened at $176.92 on Friday. The company’s fifty day simple moving average is $180.59 and its 200 day simple moving average is $161.95. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a market cap of $127.74 billion, a price-to-earnings ratio of 60.80, a PEG ratio of 1.24 and a beta of 1.53.

Blackstone (NYSE:BX) last released its earnings results on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, topping the consensus estimate of $1.50 by $0.19. Blackstone had a return on equity of 17.53% and a net margin of 19.46%. On average, analysts expect that Blackstone Inc. will post 4.41 earnings per share for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th will be paid a $1.44 dividend. This is an increase from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a yield of 3.26%. The ex-dividend date is Monday, February 10th. Blackstone’s payout ratio is 118.21%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BX shares. Wells Fargo & Company decreased their price target on Blackstone from $195.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. The Goldman Sachs Group boosted their target price on Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Barclays decreased their price target on shares of Blackstone from $192.00 to $186.00 and set an “equal weight” rating on the stock in a report on Friday. UBS Group raised their target price on shares of Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, Cowen reiterated a “hold” rating on shares of Blackstone in a research note on Friday, October 18th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $171.13.

Insider Transactions at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the business’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 sale, the insider now owns 387,137 shares in the company, valued at approximately $68,112,883.78. The trade was a 9.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.