Blackstone Inc. (NYSE:BX) Stock Holdings Boosted by J. L. Bainbridge & Co. Inc.

J. L. Bainbridge & Co. Inc. boosted its stake in Blackstone Inc. (NYSE:BX - Free Report) by 1.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,818 shares of the asset manager's stock after buying an additional 2,955 shares during the period. Blackstone accounts for 2.5% of J. L. Bainbridge & Co. Inc.'s portfolio, making the stock its 19th biggest holding. J. L. Bainbridge & Co. Inc.'s holdings in Blackstone were worth $25,135,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new position in Blackstone in the 4th quarter valued at about $33,000. Bernard Wealth Management Corp. acquired a new stake in Blackstone in the 4th quarter valued at about $34,000. Putney Financial Group LLC acquired a new stake in Blackstone in the 4th quarter valued at about $34,000. Garde Capital Inc. acquired a new stake in Blackstone in the 1st quarter valued at about $36,000. Finally, WFA Asset Management Corp acquired a new stake in Blackstone in the 1st quarter valued at about $38,000. Institutional investors own 70.00% of the company's stock.

Insider Buying and Selling at Blackstone

In other Blackstone news, insider Private Credit Stra Blackstone bought 1,660,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was bought at an average cost of $15.00 per share, for a total transaction of $24,900,000.00. Following the completion of the purchase, the insider now owns 1,666,667 shares in the company, valued at $25,000,005. This represents a 24,898.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ruth Porat bought 237 shares of the stock in a transaction dated Monday, May 5th. The stock was acquired at an average price of $136.33 per share, with a total value of $32,310.21. Following the completion of the purchase, the director now owns 37,067 shares of the company's stock, valued at $5,053,344.11. This represents a 0.64% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group cut their price target on shares of Blackstone from $180.00 to $175.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of Blackstone from $141.00 to $139.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. TD Cowen reduced their price objective on shares of Blackstone from $233.00 to $147.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. JMP Securities reaffirmed a "market outperform" rating and set a $165.00 price objective on shares of Blackstone in a research note on Thursday, April 24th. Finally, Bank of America reduced their price objective on shares of Blackstone from $219.00 to $207.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $155.65.

Blackstone Stock Up 2.1%

BX opened at $151.29 on Friday. Blackstone Inc. has a 1-year low of $115.66 and a 1-year high of $200.96. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $110.39 billion, a price-to-earnings ratio of 45.57, a P/E/G ratio of 1.36 and a beta of 1.65. The business has a 50 day moving average of $138.66 and a 200-day moving average of $152.64.

Blackstone (NYSE:BX - Get Free Report) last issued its 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 return on equity of 19.84% and a net margin of 19.83%. During the same period last year, the business earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 28th were given a $0.93 dividend. The ex-dividend date was Monday, April 28th. This represents a $3.72 annualized dividend and a yield of 2.46%. Blackstone's dividend payout ratio (DPR) 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.

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