Blackstone Inc. (NYSE:BX) is Fairview Capital Investment Management LLC's 3rd Largest Position

Fairview Capital Investment Management LLC reduced its stake in Blackstone Inc. (NYSE:BX - Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 677,190 shares of the asset manager's stock after selling 37,182 shares during the period. Blackstone makes up about 6.1% of Fairview Capital Investment Management LLC's holdings, making the stock its 3rd largest holding. Fairview Capital Investment Management LLC owned 0.09% of Blackstone worth $116,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiduciary Trust Co raised its position in shares of Blackstone by 4.8% during the 4th quarter. Fiduciary Trust Co now owns 24,725 shares of the asset manager's stock valued at $4,263,000 after buying an additional 1,130 shares in the last quarter. First Manhattan CO. LLC. lifted its stake in Blackstone by 2.6% during the fourth quarter. First Manhattan CO. LLC. now owns 34,130 shares of the asset manager's stock worth $5,885,000 after purchasing an additional 871 shares during the last quarter. FORA Capital LLC increased its position in shares of Blackstone by 96.6% during the 4th quarter. FORA Capital LLC now owns 70,386 shares of the asset manager's stock valued at $12,136,000 after purchasing an additional 34,587 shares during the last quarter. Fred Alger Management LLC lifted its position in Blackstone by 22.2% in the 4th quarter. Fred Alger Management LLC now owns 255,884 shares of the asset manager's stock worth $44,120,000 after buying an additional 46,550 shares during the last quarter. Finally, Circle Wealth Management LLC purchased a new stake in Blackstone in the fourth quarter worth approximately $201,000. 70.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BX shares. JMP Securities reiterated a "market outperform" rating and issued a $165.00 price objective on shares of Blackstone in a report on Thursday, April 24th. Barclays increased their price objective on Blackstone from $129.00 to $136.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Citigroup lowered their price target on shares of Blackstone from $190.00 to $137.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company cut their price target on shares of Blackstone from $160.00 to $139.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Blackstone from $141.00 to $139.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $154.82.

Insider Transactions at Blackstone

In other Blackstone news, insider John G. Finley sold 25,000 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $138.47, for a total value of $3,461,750.00. Following the completion of the transaction, the insider now owns 475,336 shares in the company, valued at $65,819,775.92. The trade was a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ruth Porat purchased 301 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $164.85 per share, with a total value 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. This represents a 0.82% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 1,660,538 shares of company stock worth $24,981,930 in the last 90 days. Insiders own 1.00% of the company's stock.

Blackstone Price Performance

Shares of BX stock traded down $0.40 during mid-day trading on Friday, hitting $139.41. 3,113,790 shares of the stock were exchanged, compared to its average volume of 3,765,155. The firm has a fifty day moving average of $136.87 and a 200 day moving average of $162.18. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 52-week low of $115.66 and a 52-week high of $200.96. The company has a market cap of $101.72 billion, a PE ratio of 38.40, a price-to-earnings-growth ratio of 1.07 and a beta of 1.67.

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

Blackstone Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 28th were issued a dividend of $0.93 per share. The ex-dividend date was Monday, April 28th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.67%. Blackstone's dividend payout ratio is currently 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.