Partners Group Holding AG Lowers Stock Holdings in Blackstone Inc. (NYSE:BX)

Partners Group Holding AG reduced its position in shares of Blackstone Inc. (NYSE:BX) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 267,129 shares of the asset manager’s stock after selling 74,796 shares during the period. Blackstone makes up about 1.6% of Partners Group Holding AG’s portfolio, making the stock its 10th biggest holding. Partners Group Holding AG’s holdings in Blackstone were worth $46,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Glen Eagle Advisors LLC increased its position in Blackstone by 1.8% in the third quarter. Glen Eagle Advisors LLC now owns 3,251 shares of the asset manager’s stock worth $498,000 after buying an additional 59 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in Blackstone by 0.4% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 16,184 shares of the asset manager’s stock worth $2,790,000 after buying an additional 59 shares during the period. Investmark Advisory Group LLC raised its holdings in Blackstone by 2.4% during the 3rd quarter. Investmark Advisory Group LLC now owns 2,608 shares of the asset manager’s stock valued at $399,000 after acquiring an additional 60 shares during the period. McIlrath & Eck LLC boosted its holdings in shares of Blackstone by 6.5% in the third quarter. McIlrath & Eck LLC now owns 1,019 shares of the asset manager’s stock worth $156,000 after acquiring an additional 62 shares during the period. Finally, McAdam LLC grew its position in shares of Blackstone by 3.9% in the fourth quarter. McAdam LLC now owns 1,687 shares of the asset manager’s stock valued at $291,000 after purchasing an additional 63 shares in the last quarter. 70.00% of the stock is owned by institutional investors and hedge funds.

Blackstone Trading Down 0.1 %

NYSE:BX opened at $148.65 on Friday. Blackstone Inc. has a 12 month low of $115.82 and a 12 month high of $200.96. 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 company has a 50-day moving average price of $163.53 and a 200-day moving average price of $167.28. The stock 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 (NYSE:BX) last posted its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. Equities analysts predict that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were given a $1.44 dividend. This is a boost from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Monday, February 10th. Blackstone’s payout ratio is currently 158.68%.

Wall Street Analysts Forecast Growth

BX has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Blackstone from $180.00 to $160.00 and set an “equal weight” rating on the stock in a report on Thursday. BMO Capital Markets increased their price objective on Blackstone from $134.00 to $157.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Piper Sandler upped their target price on Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a research note on Monday, December 23rd. Barclays reissued an “equal weight” rating on shares of Blackstone in a report on Friday, February 7th. Finally, UBS Group upgraded shares of Blackstone from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Monday, March 17th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $171.13.

Insider Activity at Blackstone

In other Blackstone news, Director Ruth Porat purchased 301 shares of the firm’s stock in a transaction dated 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 completion of the purchase, the director now directly owns 36,829 shares of the company’s stock, valued at $6,071,260.65. This trade represents a 0.82 % increase in their ownership of the stock. The acquisition 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 corporate insiders.

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.