Blackstone Inc. (NYSE:BX) Shares Sold by Rosenblum Silverman Sutton S F Inc. CA

Rosenblum Silverman Sutton S F Inc. CA lowered its position in Blackstone Inc. (NYSE:BX - Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,563 shares of the asset manager's stock after selling 1,964 shares during the quarter. Blackstone comprises about 1.5% of Rosenblum Silverman Sutton S F Inc. CA's holdings, making the stock its 22nd biggest holding. Rosenblum Silverman Sutton S F Inc. CA's holdings in Blackstone were worth $6,132,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in 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. State Street Corp increased its holdings in Blackstone by 1.2% in the 3rd quarter. State Street Corp now owns 30,020,426 shares of the asset manager's stock valued at $4,597,028,000 after purchasing an additional 348,751 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Blackstone by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 15,341,300 shares of the asset manager's stock worth $2,637,266,000 after buying an additional 444,887 shares during the period. Norges Bank acquired a new position in Blackstone during the 4th quarter worth about $974,448,000. Finally, Charles Schwab Investment Management Inc. grew its position in Blackstone by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,045,143 shares of the asset manager's stock valued at $697,464,000 after acquiring an additional 113,732 shares in the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Blackstone

In other news, Director Ruth Porat purchased 301 shares of the company'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 completion of the transaction, the director now directly owns 36,829 shares in the company, valued at $6,071,260.65. This represents a 0.82 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JMP Securities raised Blackstone from a "market perform" rating to a "market outperform" rating and set a $165.00 price objective on the stock in a research report on Tuesday. Barclays lowered their price objective on Blackstone from $186.00 to $129.00 and set an "equal weight" rating for the company in a research report on Monday. Citizens Jmp upgraded shares of Blackstone from a "market perform" rating to an "outperform" rating and set a $165.00 price target for the company in a research note on Tuesday. UBS Group raised shares of Blackstone from a "neutral" rating to a "buy" rating and set a $180.00 price objective on the stock in a research report on Monday, March 17th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Blackstone from $174.00 to $177.00 and gave the stock a "market perform" rating in a research note on Friday, January 31st. Eleven research 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 has an average rating of "Hold" and a consensus price target of $161.83.

Blackstone Stock Performance

NYSE:BX traded up $0.59 during midday trading on Wednesday, reaching $120.66. The stock had a trading volume of 2,812,389 shares, compared to its average volume of 3,614,575. The stock has a market cap of $88.01 billion, a P/E ratio of 33.45, a P/E/G ratio of 1.07 and a beta of 1.61. 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 12-month low of $115.34 and a 12-month high of $200.96. The firm has a fifty day simple moving average of $152.48 and a two-hundred day simple moving average of $166.35.

Blackstone (NYSE:BX - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.19. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. On average, equities analysts expect that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a $1.44 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a yield of 4.77%. This is an increase from Blackstone's previous quarterly dividend of $0.86. Blackstone's dividend payout ratio (DPR) is 158.68%.

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.