Blackstone Inc. (NYSE:BX) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in Blackstone Inc. (NYSE:BX - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,255,479 shares of the asset manager's stock after buying an additional 4,513 shares during the quarter. Dimensional Fund Advisors LP owned about 0.17% of Blackstone worth $216,472,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in Blackstone in the fourth quarter worth $974,448,000. Raymond James Financial Inc. purchased a new stake in Blackstone in the 4th quarter valued at about $316,257,000. Vanguard Group Inc. grew its stake in Blackstone by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 66,894,632 shares of the asset manager's stock worth $11,533,972,000 after purchasing an additional 889,286 shares in the last quarter. FMR LLC increased its stake in shares of Blackstone by 38.8% during the fourth quarter. FMR LLC now owns 2,990,238 shares of the asset manager's stock valued at $515,577,000 after buying an additional 835,170 shares during the period. Finally, Proficio Capital Partners LLC increased its position in Blackstone by 2,057.7% during the 4th quarter. Proficio Capital Partners LLC now owns 844,755 shares of the asset manager's stock valued at $145,653,000 after purchasing an additional 805,604 shares during the period. Institutional investors own 70.00% of the company's stock.

Blackstone Stock Performance

NYSE:BX traded up $1.11 during mid-day trading on Monday, hitting $133.04. The company's stock had a trading volume of 1,132,405 shares, compared to its average volume of 3,754,437. The business's fifty day moving average is $141.56 and its two-hundred day moving average is $164.19. The stock has a market cap of $97.04 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 1.07 and a beta of 1.61. Blackstone Inc. has a 1 year low of $115.66 and a 1 year high of $200.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71.

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

Blackstone Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 28th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, April 28th. Blackstone's dividend payout ratio (DPR) is presently 112.05%.

Insiders Place Their Bets

In related news, Director Ruth Porat bought 301 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the completion of the transaction, the director now directly owns 36,829 shares in the company, valued at $6,071,260.65. This trade represents a 0.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BX has been the topic of several research reports. JMP Securities reissued a "market outperform" rating and set a $165.00 price objective on shares of Blackstone in a report on Thursday. Piper Sandler lowered their target price on shares of Blackstone from $182.00 to $140.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Cowen reiterated a "buy" rating on shares of Blackstone in a report on Monday, April 21st. Citigroup reduced their target price on Blackstone from $190.00 to $137.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com lowered Blackstone from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $154.82.

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.