Blackstone Inc. (NYSE:BX) Shares Purchased by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC raised its stake in shares of Blackstone Inc. (NYSE:BX) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,190 shares of the asset manager’s stock after buying an additional 1,632 shares during the quarter. Blackstone comprises about 2.6% of Jacobson & Schmitt Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Jacobson & Schmitt Advisors LLC’s holdings in Blackstone were worth $12,739,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. boosted its holdings in shares of Blackstone by 32.1% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after purchasing an additional 62 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Blackstone by 2.3% during the third quarter. Capital Advisors Ltd. LLC now owns 2,787 shares of the asset manager’s stock worth $427,000 after purchasing an additional 62 shares during the last quarter. Fidelis Capital Partners LLC boosted its holdings in shares of Blackstone by 2.7% during the third quarter. Fidelis Capital Partners LLC now owns 2,374 shares of the asset manager’s stock worth $396,000 after purchasing an additional 62 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of Blackstone by 3.1% during the third quarter. Trust Co. of Vermont now owns 2,240 shares of the asset manager’s stock worth $343,000 after purchasing an additional 67 shares during the last quarter. Finally, CVA Family Office LLC boosted its holdings in shares of Blackstone by 6.4% during the third quarter. CVA Family Office LLC now owns 1,222 shares of the asset manager’s stock worth $187,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Stock Down 2.2 %

Shares of Blackstone stock opened at $167.75 on Friday. The stock has a market capitalization of $120.79 billion, a price-to-earnings ratio of 57.65, a PEG ratio of 1.47 and a beta of 1.51. The business’s 50 day simple moving average is $153.32 and its 200-day simple moving average is $135.84. Blackstone Inc. has a twelve month low of $91.14 and a twelve month high of $175.94. The company has a current ratio of 0.71, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.05%. This is a positive change from Blackstone’s previous quarterly dividend of $0.82. The ex-dividend date is Monday, October 28th. Blackstone’s dividend payout ratio (DPR) is 118.21%.

Insider Transactions at Blackstone

In other news, insider John G. Finley sold 35,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $131.74, for a total value of $4,610,900.00. Following the completion of the sale, the insider now owns 429,386 shares in the company, valued at $56,567,311.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider John G. Finley sold 35,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $131.74, for a total transaction of $4,610,900.00. Following the completion of the sale, the insider now directly owns 429,386 shares of the company’s stock, valued at $56,567,311.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Baratta sold 116,448 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total value of $17,561,522.88. Following the sale, the director now directly owns 799,749 shares of the company’s stock, valued at approximately $120,610,146.69. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

BX has been the topic of several research reports. BMO Capital Markets increased their target price on Blackstone from $112.00 to $134.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Cowen reaffirmed a “hold” rating on shares of Blackstone in a research report on Friday, October 18th. The Goldman Sachs Group raised their price objective on Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Redburn Atlantic initiated coverage on Blackstone in a research report on Tuesday, August 27th. They issued a “neutral” rating and a $134.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $155.38.

Blackstone 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.