Blackstone Inc. (NYSE:BX) Shares Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH lifted its stake in Blackstone Inc. (NYSE:BX - Free Report) by 7.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,947 shares of the asset manager's stock after purchasing an additional 1,953 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Blackstone were worth $4,636,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BX. Hager Investment Management Services LLC acquired a new stake in shares of Blackstone during the 4th quarter worth approximately $28,000. Centricity Wealth Management LLC purchased a new stake in shares of Blackstone during the fourth quarter worth $30,000. Murphy & Mullick Capital Management Corp acquired a new stake in Blackstone in the 4th quarter valued at about $33,000. Comprehensive Financial Planning Inc. PA purchased a new position in Blackstone during the fourth quarter worth approximately $34,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Blackstone in the fourth quarter valued at about $34,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on BX shares. Morgan Stanley cut their price objective on Blackstone from $222.00 to $150.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company boosted their price objective on Blackstone from $139.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Cowen reaffirmed a "buy" rating on shares of Blackstone in a report on Monday, April 21st. TD Cowen lowered their target price on shares of Blackstone from $233.00 to $147.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Citizens Jmp raised Blackstone from a "market perform" rating to an "outperform" rating and set a $165.00 price target on the stock in a research report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $155.65.

Insider Buying and Selling at Blackstone

In other Blackstone news, Director Ruth Porat bought 237 shares of Blackstone stock in a transaction that occurred on Monday, May 5th. The shares were acquired at an average price of $136.33 per share, for a total transaction of $32,310.21. Following the acquisition, the director now owns 37,067 shares of the company's stock, valued at $5,053,344.11. The trade was a 0.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 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 bought at an average cost of $15.00 per share, for a total transaction of $24,900,000.00. Following the completion of the transaction, the insider now directly owns 1,666,667 shares in the company, valued at $25,000,005. This represents a 24,898.76% increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is owned by company insiders.

Blackstone Price Performance

Shares of NYSE BX traded up $0.33 during trading on Thursday, hitting $138.74. 2,208,703 shares of the company were exchanged, compared to its average volume of 3,780,087. Blackstone Inc. has a 1 year low of $115.66 and a 1 year 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. The company has a market cap of $101.23 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 1.07 and a beta of 1.67. The firm's fifty day moving average price is $136.36 and its 200 day moving average price is $159.75.

Blackstone (NYSE:BX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The asset manager reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by ($0.13). Blackstone had a return on equity of 19.58% and a net margin of 20.99%. The business had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.95 billion. During the same period last year, the business earned $0.98 earnings per share. On average, sell-side analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 28th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Monday, April 28th. Blackstone's dividend payout ratio is presently 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.