Banco Bilbao Vizcaya Argentaria S.A. Has $4.85 Million Stake in Blackstone Inc. (NYSE:BX)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in Blackstone Inc. (NYSE:BX - Free Report) by 22.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,090 shares of the asset manager's stock after selling 8,190 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Blackstone were worth $4,845,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bangor Savings Bank grew its position in Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock valued at $28,000 after acquiring an additional 105 shares during the period. Hager Investment Management Services LLC acquired a new position in Blackstone during the 4th quarter worth about $28,000. Centricity Wealth Management LLC acquired a new stake in Blackstone in the 4th quarter valued at about $30,000. Roxbury Financial LLC bought a new position in shares of Blackstone in the fourth quarter worth about $34,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Blackstone in the fourth quarter worth about $33,000. 70.00% of the stock is currently owned by institutional investors.

Insider Activity at Blackstone

In other news, Director Ruth Porat purchased 301 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $164.85 per share, for a total transaction of $49,619.85. Following the purchase, the director now owns 36,829 shares of the company's stock, valued at approximately $6,071,260.65. The trade was a 0.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BX shares. Cowen reaffirmed a "buy" rating on shares of Blackstone in a research note on Monday, April 21st. Piper Sandler cut their price objective on shares of Blackstone from $182.00 to $140.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. TD Cowen cut their price objective on shares of Blackstone from $233.00 to $147.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. upped their target price on shares of Blackstone from $149.00 to $154.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, Citizens Jmp raised shares of Blackstone from a "market perform" rating to an "outperform" rating and set a $165.00 target price for the company in a research note on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $154.82.

Blackstone Stock Performance

NYSE:BX traded up $1.90 during mid-day trading on Thursday, hitting $133.61. 2,002,189 shares of the stock were exchanged, compared to its average volume of 3,762,365. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. The firm's 50-day simple moving average is $139.76 and its 200 day simple moving average is $163.62. Blackstone Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $200.96. The stock has a market capitalization of $97.45 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.61.

Blackstone (NYSE:BX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The asset manager reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.13). Blackstone had a return on equity of 19.58% and a net margin of 20.99%. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the prior year, the business posted $0.98 earnings per share. As a group, equities analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 28th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $3.72 annualized dividend and a yield of 2.78%. Blackstone's dividend payout ratio is 112.05%.

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.