Occudo Quantitative Strategies LP Invests $821,000 in Blackstone Inc. (NYSE:BX)

Occudo Quantitative Strategies LP bought a new position in shares of Blackstone Inc. (NYSE:BX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,761 shares of the asset manager's stock, valued at approximately $821,000.

Several other large investors also recently made changes to their positions in the business. Hager Investment Management Services LLC purchased a new stake in Blackstone in the 4th quarter worth about $28,000. Centricity Wealth Management LLC purchased a new stake in shares of Blackstone during the 4th quarter worth about $30,000. Murphy & Mullick Capital Management Corp acquired a new position in Blackstone during the fourth quarter worth $33,000. Berbice Capital Management LLC bought a new position in shares of Blackstone in the 4th quarter valued at approximately $34,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Blackstone in the fourth quarter worth $34,000. Institutional investors own 70.00% of the company's stock.

Blackstone Price Performance

Shares of Blackstone stock traded down $1.38 on Monday, reaching $145.32. 1,259,871 shares of the stock were exchanged, compared to its average volume of 3,764,654. The firm's 50 day moving average is $137.25 and its 200-day moving average is $161.43. The firm has a market cap of $106.03 billion, a PE ratio of 40.00, a P/E/G 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 quick ratio of 0.71 and a current ratio of 0.67.

Blackstone (NYSE:BX - Get Free Report) last announced 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 net margin of 20.99% and a return on equity of 19.58%. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the company posted $0.98 earnings per share. As a group, analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders 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 2.56%. Blackstone's dividend payout ratio is currently 112.05%.

Analysts Set New Price Targets

BX has been the subject of a number of recent analyst reports. Cowen restated a "buy" rating on shares of Blackstone in a report on Monday, April 21st. Keefe, Bruyette & Woods reduced their price target on shares of Blackstone from $141.00 to $139.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. JMP Securities reaffirmed a "market outperform" rating and issued a $165.00 target price on shares of Blackstone in a research report on Thursday, April 24th. Barclays raised their price objective on shares of Blackstone from $129.00 to $136.00 and gave the stock an "equal weight" rating in a report on Monday, April 21st. Finally, Bank of America dropped their price objective on Blackstone from $219.00 to $207.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $154.82.

Insider Buying and Selling at Blackstone

In other news, Director Ruth Porat purchased 301 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $164.85 per share, with a total value of $49,619.85. Following the completion of the acquisition, the director now owns 36,829 shares in the company, valued at $6,071,260.65. This trade represents a 0.82% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John G. Finley sold 25,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 475,336 shares in the company, valued at $65,819,775.92. This trade represents a 5.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 1,660,538 shares of company stock worth $24,981,930 in the last quarter. 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.