Janus Henderson Group PLC Has $790.88 Million Holdings in Blackstone Inc. (NYSE:BX)

Janus Henderson Group PLC trimmed its position in Blackstone Inc. (NYSE:BX - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,587,026 shares of the asset manager's stock after selling 31,964 shares during the period. Janus Henderson Group PLC owned approximately 0.64% of Blackstone worth $790,878,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Blackstone in the fourth quarter valued at $974,448,000. Raymond James Financial Inc. acquired a new stake in shares of Blackstone in the fourth quarter valued at about $316,257,000. Capital Research Global Investors bought a new stake in Blackstone during the fourth quarter worth about $239,837,000. Vanguard Group Inc. grew its stake in Blackstone by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 66,894,632 shares of the asset manager's stock valued at $11,533,972,000 after purchasing an additional 889,286 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Blackstone by 38.8% during the 4th quarter. FMR LLC now owns 2,990,238 shares of the asset manager's stock worth $515,577,000 after purchasing an additional 835,170 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BX shares. Bank of America dropped their price target on shares of Blackstone from $219.00 to $207.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. TD Cowen reduced their price target on Blackstone from $233.00 to $147.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Piper Sandler cut their price objective on Blackstone from $182.00 to $140.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Citizens Jmp raised Blackstone from a "market perform" rating to an "outperform" rating and set a $165.00 target price on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their price objective on shares of Blackstone from $160.00 to $139.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $154.82.

Insider Transactions at Blackstone

In related news, insider John G. Finley sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $138.47, for a total value 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 $65,819,775.92. This represents a 5.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ruth Porat purchased 237 shares of the stock in a transaction dated Monday, May 5th. The shares were bought at an average price of $136.33 per share, with a total value of $32,310.21. Following the completion of the acquisition, the director now directly owns 37,067 shares of the company's stock, valued at approximately $5,053,344.11. This represents a 0.64 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,660,538 shares of company stock valued at $24,981,930. Corporate insiders own 1.00% of the company's stock.

Blackstone Price Performance

Blackstone stock opened at $139.41 on Friday. The firm has a market cap of $101.72 billion, a PE ratio of 38.40, a price-to-earnings-growth ratio of 1.07 and a beta of 1.67. 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 0.61, a current ratio of 0.67 and a quick ratio of 0.71. The stock's fifty day moving average price is $136.87 and its two-hundred day moving average price is $162.24.

Blackstone (NYSE:BX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The asset manager reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.13). The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.95 billion. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. During the same quarter in the previous year, the company earned $0.98 earnings per share. As a group, research analysts expect that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 28th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.67%. 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.

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