Blackstone Inc. (NYSE:BX) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. boosted its position in shares of Blackstone Inc. (NYSE:BX) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,767 shares of the asset manager’s stock after buying an additional 74 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Blackstone were worth $305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BX. Bangor Savings Bank lifted its stake in 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 purchasing an additional 105 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Blackstone during the 4th quarter worth $28,000. Berbice Capital Management LLC acquired a new stake in shares of Blackstone during the fourth quarter worth $34,000. Raleigh Capital Management Inc. increased its stake in Blackstone by 32.1% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after purchasing an additional 62 shares in the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in Blackstone during the fourth quarter valued at about $39,000. 70.00% of the stock is owned by institutional investors and hedge funds.

Blackstone Trading Down 2.5 %

Shares of BX stock opened at $170.11 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $178.78 and its two-hundred day moving average is $163.28. The company has a market cap of $122.82 billion, a PE ratio of 46.86, a price-to-earnings-growth ratio of 1.18 and a beta of 1.53. Blackstone Inc. has a 12 month low of $115.82 and a 12 month high of $200.96.

Blackstone (NYSE:BX) last released its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.19. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. Equities analysts predict that Blackstone Inc. will post 5.86 EPS for the current year.

Blackstone Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be paid a dividend of $1.44 per share. This is a boost from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Monday, February 10th. Blackstone’s dividend payout ratio is presently 94.77%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BX. BMO Capital Markets upped their price target on shares of Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. TD Cowen upgraded Blackstone from a “hold” rating to a “buy” rating and lifted their price target for the company from $149.00 to $230.00 in a report on Monday, December 9th. Evercore ISI raised their price objective on Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. The Goldman Sachs Group raised their price target on shares of Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, UBS Group increased their target price on shares of Blackstone from $170.00 to $180.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone currently has an average rating of “Hold” and an average target price of $172.38.

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.