Blackstone Inc. (NYSE:BX) Shares Bought by Vident Advisory LLC

Vident Advisory LLC raised its position in Blackstone Inc. (NYSE:BX - Free Report) by 396.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,458 shares of the asset manager's stock after acquiring an additional 43,483 shares during the quarter. Vident Advisory LLC's holdings in Blackstone were worth $9,390,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BX. Vanguard Group Inc. grew its position in shares of Blackstone by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 66,894,632 shares of the asset manager's stock worth $11,533,972,000 after buying an additional 889,286 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Blackstone by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 15,341,300 shares of the asset manager's stock worth $2,637,266,000 after buying an additional 444,887 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Blackstone by 10.8% during the fourth quarter. Northern Trust Corp now owns 7,016,046 shares of the asset manager's stock valued at $1,209,707,000 after acquiring an additional 681,512 shares during the period. Invesco Ltd. boosted its holdings in shares of Blackstone by 6.6% during the fourth quarter. Invesco Ltd. now owns 5,987,702 shares of the asset manager's stock valued at $1,032,400,000 after acquiring an additional 371,677 shares during the period. Finally, Norges Bank acquired a new position in shares of Blackstone during the fourth quarter valued at $974,448,000. Institutional investors and hedge funds own 70.00% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Piper Sandler reduced their price target on shares of Blackstone from $182.00 to $140.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Barclays boosted their price target on shares of Blackstone from $129.00 to $136.00 and gave the company an "equal weight" rating in a report on Monday, April 21st. Citizens Jmp upgraded shares of Blackstone from a "market perform" rating to an "outperform" rating and set a $165.00 price objective on the stock in a research note on Tuesday, April 8th. Bank of America cut their price objective on Blackstone from $219.00 to $207.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Finally, Keefe, Bruyette & Woods cut their price objective on Blackstone from $141.00 to $139.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $154.82.

Blackstone Trading Down 0.9%

NYSE:BX opened at $145.38 on Tuesday. The stock has a market cap of $106.08 billion, a PE ratio of 40.05, a price-to-earnings-growth ratio of 1.07 and a beta of 1.67. The stock's 50-day moving average is $137.35 and its two-hundred day moving average is $161.28. Blackstone Inc. has a fifty-two week low of $115.66 and a fifty-two week 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 announced its quarterly earnings results on Thursday, April 17th. The asset manager reported $1.09 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.13). The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.98 EPS. As a group, equities research analysts forecast that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 28th were given 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 yield of 2.56%. Blackstone's payout ratio is currently 112.05%.

About Blackstone

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.

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