Capital City Trust Co. FL Sells 925 Shares of Blackstone Inc. (NYSE:BX)

Capital City Trust Co. FL cut its stake in Blackstone Inc. (NYSE:BX) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,141 shares of the asset manager’s stock after selling 925 shares during the quarter. Capital City Trust Co. FL’s holdings in Blackstone were worth $3,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in BX. Redmond Asset Management LLC grew its position in Blackstone by 6.7% during the fourth quarter. Redmond Asset Management LLC now owns 15,006 shares of the asset manager’s stock valued at $2,587,000 after buying an additional 943 shares during the period. Oxbow Advisors LLC grew its position in Blackstone by 0.8% during the fourth quarter. Oxbow Advisors LLC now owns 24,736 shares of the asset manager’s stock valued at $4,265,000 after buying an additional 198 shares during the period. Indie Asset Partners LLC bought a new stake in Blackstone during the fourth quarter valued at approximately $207,000. Bradley Foster & Sargent Inc. CT grew its position in Blackstone by 7.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 73,856 shares of the asset manager’s stock valued at $12,734,000 after buying an additional 5,057 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in Blackstone during the fourth quarter valued at approximately $30,000. 70.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BX has been the topic of several analyst reports. Wells Fargo & Company lowered their price target on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their price target on shares of Blackstone from $174.00 to $177.00 and gave the company a “market perform” rating in a report on Friday, January 31st. Barclays lowered 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, January 31st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com downgraded shares of Blackstone from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $172.38.

Insider Buying and Selling

In other news, Director Ruth Porat purchased 301 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $164.85 per share, with a total value of $49,619.85. Following the completion of the transaction, the director now owns 36,829 shares in the company, valued at $6,071,260.65. This represents a 0.82 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Blackstone Trading Down 3.5 %

NYSE BX opened at $158.21 on Friday. The company’s 50-day moving average price is $173.58 and its 200-day moving average price is $165.23. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The stock has a market cap of $114.23 billion, a PE ratio of 43.58, a PEG ratio of 1.09 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 data on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, topping 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 research analysts forecast that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a $1.44 dividend. The ex-dividend date was Monday, February 10th. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 dividend on an annualized basis and a yield of 3.64%. Blackstone’s dividend payout ratio is 158.68%.

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.