Mirador Capital Partners LP Purchases 4,301 Shares of Blackstone Inc. (NYSE:BX)

Mirador Capital Partners LP grew its position in shares of Blackstone Inc. (NYSE:BX - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,837 shares of the asset manager's stock after purchasing an additional 4,301 shares during the period. Blackstone comprises about 2.5% of Mirador Capital Partners LP's holdings, making the stock its 9th largest holding. Mirador Capital Partners LP's holdings in Blackstone were worth $14,235,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC bought a new stake in shares of Blackstone in the 4th quarter valued at about $28,000. Centricity Wealth Management LLC bought a new stake in shares of Blackstone in the 4th quarter valued at about $30,000. Murphy & Mullick Capital Management Corp purchased a new position in Blackstone during the 4th quarter valued at about $33,000. Comprehensive Financial Planning Inc. PA purchased a new position in Blackstone during the 4th quarter valued at about $34,000. Finally, Roxbury Financial LLC purchased a new position in Blackstone during the 4th quarter valued at about $34,000. Institutional investors own 70.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BX shares. Wells Fargo & Company boosted their price target on Blackstone from $139.00 to $153.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. JMP Securities reiterated a "market outperform" rating and set a $165.00 target price on shares of Blackstone in a report on Thursday, April 24th. TD Cowen reduced their target price on Blackstone from $233.00 to $147.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley cut their price target on Blackstone from $222.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Citizens Jmp upgraded Blackstone from a "market perform" rating to an "outperform" rating and set a $165.00 price target on the stock in a research note on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $155.65.

Insider Activity at Blackstone

In other news, Director Ruth Porat acquired 237 shares of the firm's stock in a transaction on Monday, May 5th. The stock was acquired at an average price of $136.33 per share, for a total transaction of $32,310.21. Following the completion of the transaction, the director now owns 37,067 shares in the company, valued at approximately $5,053,344.11. The trade was a 0.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John G. Finley sold 25,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 475,336 shares of the company's stock, valued at approximately $65,819,775.92. This trade represents a 5.00% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Blackstone Stock Down 0.0%

BX stock traded down $0.04 during trading on Thursday, hitting $138.72. 1,264,433 shares of the company's stock traded hands, compared to its average volume of 3,782,900. The firm has a market capitalization of $101.22 billion, a P/E ratio of 38.21, a PEG ratio of 1.07 and a beta of 1.67. The business has a fifty day simple moving average of $135.57 and a two-hundred day simple moving average of $158.27. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 1 year low of $115.66 and a 1 year high of $200.96.

Blackstone (NYSE:BX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The asset manager reported $1.09 earnings per share (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 firm had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.95 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. Sell-side analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Cuts Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, April 28th. This represents a $3.72 dividend on an annualized basis and a yield of 2.68%. Blackstone's dividend payout ratio is presently 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.