2,056 Shares in Blackstone Inc. (NYSE:BX) Acquired by Aletheian Wealth Advisors LLC

Aletheian Wealth Advisors LLC bought a new position in shares of Blackstone Inc. (NYSE:BX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,056 shares of the asset manager's stock, valued at approximately $287,000.

Several other large investors also recently made changes to their positions in BX. Norges Bank bought a new position in Blackstone during the fourth quarter worth $974,448,000. Raymond James Financial Inc. bought a new stake in Blackstone during the fourth quarter worth approximately $316,257,000. Capital Research Global Investors acquired a new stake in shares of Blackstone in the fourth quarter valued at $239,837,000. GAMMA Investing LLC lifted its holdings in Blackstone by 14,608.6% in the 1st quarter. GAMMA Investing LLC now owns 1,322,598 shares of the asset manager's stock valued at $184,873,000 after acquiring an additional 1,313,606 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Blackstone by 1.3% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 70.00% of the company's stock.

Analyst Ratings Changes

BX has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of Blackstone from $141.00 to $139.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. JMP Securities reissued a "market outperform" rating and issued a $165.00 price target on shares of Blackstone in a research report on Thursday, April 24th. Citizens Jmp upgraded 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 report on Tuesday, April 8th. Citigroup dropped their price target on shares of Blackstone from $190.00 to $137.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company boosted their target price on Blackstone from $139.00 to $153.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $155.65.

Insider Activity

In other news, insider John G. Finley sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $138.47, for a total transaction of $3,461,750.00. Following the completion of the sale, the insider now owns 475,336 shares of the company's stock, valued at approximately $65,819,775.92. This represents a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Private Credit Stra Blackstone purchased 1,660,000 shares of Blackstone stock in a transaction that occurred on Thursday, May 1st. The shares were purchased at an average cost of $15.00 per share, with a total value of $24,900,000.00. Following the transaction, the insider now directly owns 1,666,667 shares of the company's stock, valued at $25,000,005. This represents a 24,898.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.00% of the company's stock.

Blackstone Stock Up 0.3%

BX traded up $0.44 on Thursday, hitting $139.20. 1,026,738 shares of the company were exchanged, compared to its average volume of 3,782,055. 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 stock's fifty day moving average is $135.57 and its 200-day moving average is $158.27. The company has a market cap of $101.56 billion, a PE ratio of 38.35, a PEG ratio of 1.07 and a beta of 1.67. Blackstone Inc. has a 12 month low of $115.66 and a 12 month high of $200.96.

Blackstone (NYSE:BX - Get Free Report) last posted 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 net margin of 20.99% and a return on equity of 19.58%. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the firm earned $0.98 EPS. Equities research analysts predict that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 28th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Monday, April 28th. Blackstone's payout ratio is 112.05%.

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.