SBI Securities Co. Ltd. Invests $846,000 in Blackstone Inc. (NYSE:BX)

SBI Securities Co. Ltd. bought a new stake in shares of Blackstone Inc. (NYSE:BX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,905 shares of the asset manager’s stock, valued at approximately $846,000.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in shares of Blackstone by 29.2% during the 4th quarter. Jones Financial Companies Lllp now owns 81,358 shares of the asset manager’s stock valued at $14,028,000 after buying an additional 18,404 shares in the last quarter. Modera Wealth Management LLC raised its stake in shares of Blackstone by 3.3% during the fourth quarter. Modera Wealth Management LLC now owns 16,545 shares of the asset manager’s stock worth $2,853,000 after acquiring an additional 529 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Blackstone by 13.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 8,504 shares of the asset manager’s stock worth $1,466,000 after acquiring an additional 1,001 shares during the last quarter. Norden Group LLC grew its holdings in shares of Blackstone by 25.6% during the 4th quarter. Norden Group LLC now owns 5,289 shares of the asset manager’s stock valued at $912,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Blackstone by 19.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,996 shares of the asset manager’s stock worth $515,000 after purchasing an additional 494 shares during the last quarter. Institutional investors own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group reissued a “neutral” rating on shares of Blackstone in a research note on Monday. Deutsche Bank Aktiengesellschaft increased their price objective on Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen upgraded shares of Blackstone from a “hold” rating to a “buy” rating and upped their price target for the company from $149.00 to $230.00 in a report on Monday, December 9th. StockNews.com lowered shares of Blackstone from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Barclays reiterated an “equal weight” rating on shares of Blackstone in a report on Friday, February 7th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Blackstone has a consensus rating of “Hold” and a consensus price target of $172.38.

Blackstone Stock Performance

Shares of BX stock opened at $158.36 on Tuesday. 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’s fifty day moving average price is $171.49 and its 200-day moving average price is $166.83. The stock has a market cap of $114.34 billion, a PE ratio of 43.63, a price-to-earnings-growth ratio of 1.07 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 announced 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%. On average, equities analysts expect that Blackstone Inc. will post 5.87 EPS for the current fiscal 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 issued a dividend of $1.44 per share. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a dividend yield of 3.64%. Blackstone’s dividend payout ratio (DPR) is presently 158.68%.

Insider Buying and Selling

In other Blackstone news, Director Ruth Porat acquired 301 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $164.85 per share, with a total value of $49,619.85. Following the transaction, the director now owns 36,829 shares of the company’s stock, valued at $6,071,260.65. The trade was a 0.82 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company 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.