1,952 Shares in Blackstone Inc. (NYSE:BX) Acquired by TFR Capital LLC.

TFR Capital LLC. bought a new stake in shares of Blackstone Inc. (NYSE:BX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,952 shares of the asset manager's stock, valued at approximately $273,000.

Several other institutional investors also recently added to or reduced their stakes in BX. von Borstel & Associates Inc. acquired a new position in Blackstone in the 1st quarter valued at approximately $28,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Blackstone in the fourth quarter valued at $33,000. Bernard Wealth Management Corp. acquired a new stake in Blackstone during the fourth quarter worth $34,000. Putney Financial Group LLC acquired a new position in shares of Blackstone in the 4th quarter valued at $34,000. Finally, Garde Capital Inc. acquired a new stake in shares of Blackstone during the 1st quarter valued at about $36,000. 70.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods decreased 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. UBS Group lowered their price target on Blackstone from $180.00 to $175.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Bank of America reduced their target price on shares of Blackstone from $219.00 to $207.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Citigroup lifted their price target on shares of Blackstone from $137.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Morgan Stanley decreased their price objective on shares of Blackstone from $222.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $161.29.

Blackstone Trading Down 1.1%

Shares of BX stock traded down $1.85 on Friday, reaching $162.21. 3,976,798 shares of the stock were exchanged, compared to its average volume of 3,889,852. The stock has a 50 day moving average price of $143.68 and a 200 day moving average price of $150.80. The stock has a market cap of $118.36 billion, a PE ratio of 48.86, a P/E/G ratio of 1.48 and a beta of 1.65. Blackstone Inc. has a one year low of $115.66 and a one year high of $200.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.75 and a quick ratio of 0.75.

Blackstone (NYSE:BX - Get Free Report) last issued its 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). The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.95 billion. Blackstone had a net margin of 19.83% and a return on equity of 19.84%. During the same period last year, the business posted $0.98 EPS. Equities research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 28th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Monday, April 28th. Blackstone's dividend payout ratio (DPR) is presently 112.05%.

Insider Buying and Selling

In other Blackstone news, Director Ruth Porat acquired 237 shares of the company's stock in a transaction on Monday, May 5th. The shares were purchased at an average price of $136.33 per share, for a total transaction of $32,310.21. Following the completion of the purchase, the director directly owned 37,067 shares of the company's stock, valued at approximately $5,053,344.11. This represents a 0.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John G. Finley sold 25,000 shares of the firm'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 sale, the insider owned 475,336 shares of the company's stock, valued at approximately $65,819,775.92. This 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 company insiders.

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.