Mufg Securities Americas Inc. Purchases Shares of 10,658 Blackstone Inc. (NYSE:BX)

Mufg Securities Americas Inc. bought a new stake in shares of Blackstone Inc. (NYSE:BX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,658 shares of the asset manager's stock, valued at approximately $1,838,000.

Other large investors have also modified their holdings of the company. Hager Investment Management Services LLC bought a new stake in shares of Blackstone during the fourth quarter valued at approximately $28,000. Centricity Wealth Management LLC bought a new position in Blackstone in the fourth quarter worth approximately $30,000. Roxbury Financial LLC bought a new position in Blackstone in the fourth quarter worth approximately $34,000. Murphy & Mullick Capital Management Corp bought a new position in Blackstone in the fourth quarter worth approximately $33,000. Finally, Bernard Wealth Management Corp. bought a new position in Blackstone in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 70.00% of the company's stock.

Blackstone Price Performance

Shares of BX stock traded down $0.07 during mid-day trading on Friday, hitting $146.69. 3,788,921 shares of the stock were exchanged, compared to its average volume of 3,775,198. The firm has a fifty day moving average of $137.25 and a 200 day moving average of $161.55. 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 52-week low of $115.66 and a 52-week high of $200.96. The company has a market cap of $107.03 billion, a PE ratio of 40.41, a price-to-earnings-growth ratio of 1.07 and a beta of 1.67.

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 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 company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the company earned $0.98 EPS. Research analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Cuts Dividend

The business also recently declared 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 was Monday, April 28th. This represents a $3.72 annualized dividend and a dividend yield of 2.54%. Blackstone's dividend payout ratio (DPR) is presently 112.05%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group reduced 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. Citigroup reduced their price target on Blackstone from $190.00 to $137.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. JMP Securities reaffirmed a "market outperform" rating and set a $165.00 price target on shares of Blackstone in a research report on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on Blackstone from $149.00 to $154.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Bank of America dropped their price objective on shares of Blackstone from $219.00 to $207.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Blackstone presently has an average rating of "Hold" and an average price target of $154.82.

Insider Buying and Selling at Blackstone

In other news, Director Ruth Porat purchased 301 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the acquisition, the director now directly owns 36,829 shares of the company's stock, valued at approximately $6,071,260.65. This represents a 0.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Private Credit Stra Blackstone purchased 1,660,000 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were purchased at an average price of $15.00 per share, with a total value of $24,900,000.00. Following the acquisition, the insider now directly owns 1,666,667 shares in the company, valued at approximately $25,000,005. The trade was a 24,898.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,660,538 shares of company stock worth $24,981,930. Insiders own 1.00% of the company's stock.

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.