OMERS ADMINISTRATION Corp Has $6.49 Million Stock Holdings in Blackstone Inc. (NYSE:BX)

OMERS ADMINISTRATION Corp lessened its holdings in shares of Blackstone Inc. (NYSE:BX - Free Report) by 6.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 37,621 shares of the asset manager's stock after selling 2,801 shares during the period. OMERS ADMINISTRATION Corp's holdings in Blackstone were worth $6,487,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Blackstone in the 4th quarter valued at $974,448,000. Raymond James Financial Inc. acquired a new position in shares of Blackstone in the 4th quarter valued at $316,257,000. Capital Research Global Investors acquired a new position in shares of Blackstone in the 4th quarter valued at $239,837,000. Vanguard Group Inc. grew its holdings in shares of Blackstone by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 66,894,632 shares of the asset manager's stock valued at $11,533,972,000 after buying an additional 889,286 shares during the period. Finally, FMR LLC grew its holdings in shares of Blackstone by 38.8% in the 4th quarter. FMR LLC now owns 2,990,238 shares of the asset manager's stock valued at $515,577,000 after buying an additional 835,170 shares during the period. Institutional investors and hedge funds own 70.00% of the company's stock.

Blackstone Stock Performance

Blackstone stock traded down $0.07 during trading hours on Friday, hitting $146.69. The company had a trading volume of 3,788,921 shares, compared to its average volume of 3,775,198. The firm has a market cap of $107.03 billion, a PE ratio of 40.41, a PEG ratio of 1.07 and a beta of 1.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71. Blackstone Inc. has a one year low of $115.66 and a one year high of $200.96. The firm has a 50-day moving average of $137.25 and a 200 day moving average of $161.55.

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). The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.95 billion. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. During the same period in the prior year, the company 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 year.

Blackstone Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 28th were issued a $0.93 dividend. The ex-dividend date was Monday, April 28th. This represents a $3.72 annualized dividend and a yield of 2.54%. Blackstone's dividend payout ratio is currently 112.05%.

Analysts Set New Price Targets

Several research firms have issued reports on BX. Keefe, Bruyette & Woods dropped their price target on Blackstone from $141.00 to $139.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. TD Cowen decreased their price objective on Blackstone from $233.00 to $147.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company decreased their price objective on Blackstone from $160.00 to $139.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Citizens Jmp upgraded Blackstone from a "market perform" rating to an "outperform" rating and set a $165.00 price objective for the company in a report on Tuesday, April 8th. Finally, Barclays increased their price objective on shares of Blackstone from $129.00 to $136.00 and gave the stock an "equal weight" rating in a research note on Monday, April 21st. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Blackstone currently has a consensus rating of "Hold" and an average price target of $154.82.

Insiders Place Their Bets

In other Blackstone news, Director Ruth Porat bought 237 shares of the firm'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 transaction, the director now directly owns 37,067 shares in the company, valued at approximately $5,053,344.11. This trade represents a 0.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 purchased at an average price of $15.00 per share, for a total transaction of $24,900,000.00. Following 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. Insiders have acquired a total of 1,660,538 shares of company stock worth $24,981,930 in the last quarter. Corporate insiders own 1.00% of the company's stock.

Blackstone Company 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.