Quantbot Technologies LP Has $3.51 Million Holdings in Blackstone Inc. (NYSE:BX)

Quantbot Technologies LP raised its position in shares of Blackstone Inc. (NYSE:BX) by 658.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,383 shares of the asset manager’s stock after purchasing an additional 17,697 shares during the period. Quantbot Technologies LP’s holdings in Blackstone were worth $3,514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bangor Savings Bank raised its stake in shares of Blackstone by 187.5% in the 4th 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. Hager Investment Management Services LLC bought a new position in shares of Blackstone in the 4th quarter valued at approximately $28,000. Centricity Wealth Management LLC bought a new position in shares of Blackstone in the 4th quarter valued at approximately $30,000. Berbice Capital Management LLC bought a new position in shares of Blackstone in the 4th quarter valued at approximately $34,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Blackstone in the 4th quarter valued at approximately $34,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BX has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on Blackstone from $174.00 to $177.00 and gave the company a “market perform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price on Blackstone from $149.00 to $154.00 and gave the company a “neutral” rating in a report on Friday, January 31st. BMO Capital Markets raised their target price on Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Citigroup reaffirmed a “hold” rating on shares of Blackstone in a report on Friday, February 7th. Finally, TD Cowen raised Blackstone from a “hold” rating to a “buy” rating and raised their target price for the company from $149.00 to $230.00 in a report on Monday, December 9th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $171.13.

Insider Buying and Selling at Blackstone

In other Blackstone news, Director Ruth Porat acquired 301 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the transaction, the director now owns 36,829 shares in the company, valued at $6,071,260.65. This trade represents a 0.82 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Blackstone Price Performance

Shares of BX stock opened at $148.65 on Friday. The stock’s fifty day simple moving average is $163.53 and its 200 day simple moving average is $167.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71. The firm has a market cap of $108.43 billion, a price-to-earnings ratio of 40.95, a P/E/G ratio of 1.07 and a beta of 1.55. Blackstone Inc. has a one year low of $115.82 and a one year high of $200.96.

Blackstone (NYSE:BX) last announced its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, beating the consensus estimate of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. On average, analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a $1.44 dividend. This is an increase from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, February 10th. This represents a $5.76 annualized dividend and a yield of 3.87%. Blackstone’s payout ratio is presently 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.