7,930 Shares in Blackstone Inc. $BX Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in shares of Blackstone Inc. (NYSE:BX - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,930 shares of the asset manager's stock, valued at approximately $933,000.

Several other hedge funds and other institutional investors also recently modified their holdings of BX. Public Employees Retirement System of Ohio bought a new position in Blackstone in the second quarter worth about $33,678,000. MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Blackstone in the 2nd quarter worth approximately $327,000. Proficio Capital Partners LLC purchased a new position in shares of Blackstone in the 2nd quarter valued at approximately $5,877,000. Pure Financial Advisors LLC bought a new stake in shares of Blackstone during the second quarter valued at approximately $669,000. Finally, Payne Capital Management LLC bought a new position in Blackstone in the second quarter worth $523,000. Hedge funds and other institutional investors own 70.00% of the company's stock.

Blackstone Trading Up 0.2%

Shares of BX stock opened at $142.63 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.63. Blackstone Inc. has a 12-month low of $101.73 and a 12-month high of $190.09. The stock has a market capitalization of $107.06 billion, a P/E ratio of 31.91, a P/E/G ratio of 1.55 and a beta of 1.55. The firm's 50 day moving average is $130.65 and its 200 day moving average is $122.86.

Blackstone (NYSE:BX - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.18. The firm had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $3.42 billion. Blackstone had a return on equity of 23.77% and a net margin of 21.84%.The company's revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. Research analysts expect that Blackstone Inc. will post 5.99 earnings per share for the current year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were given a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, August 3rd. This is an increase from Blackstone's previous quarterly dividend of $1.16. Blackstone's payout ratio is currently 115.44%.

Insider Buying and Selling

In other Blackstone news, major shareholder Holdings Iv L.P. Blackstone acquired 272,642 shares of the business's stock in a transaction dated Friday, August 21st. The stock was purchased at an average price of $26.14 per share, with a total value of $7,126,861.88. Following the transaction, the insider directly owned 8,704,419 shares in the company, valued at approximately $227,533,512.66. The trade was a 3.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Private Multi-Asset Blackstone bought 765,111 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average cost of $26.14 per share, for a total transaction of $20,000,001.54. Following the completion of the acquisition, the insider owned 7,882,145 shares in the company, valued at $206,039,270.30. This trade represents a 10.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 1,611,822 shares of company stock valued at $42,189,294 and have sold 7,562,000 shares valued at $40,331,085. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on BX shares. HSBC restated a "hold" rating and issued a $135.00 price target on shares of Blackstone in a research note on Monday, July 20th. Weiss Ratings raised Blackstone from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, July 24th. The Goldman Sachs Group increased their price objective on shares of Blackstone from $114.00 to $127.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Citizens Jmp decreased their target price on shares of Blackstone from $190.00 to $165.00 and set a "market outperform" rating for the company in a report on Thursday, July 9th. Finally, Dbs Bank raised shares of Blackstone to a "moderate buy" rating in a research report on Wednesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $149.43.

Blackstone Profile

Blackstone Inc NYSE: BX is a global investment firm focused on alternative asset management. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and headquartered in New York City, the firm organizes and manages investment vehicles that acquire and operate businesses, real estate and credit investments, as well as provide hedge fund solutions and other alternative strategies for institutional and individual investors.

Blackstone's business is organized around several principal investment platforms.

Want to see what other hedge funds are holding BX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Inc. (NYSE:BX - Free Report).

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