Blackstone Inc. (NYSE:BX) Director Joseph Baratta Sells 28,852 Shares of Stock

Blackstone Inc. (NYSE:BXGet Free Report) Director Joseph Baratta sold 28,852 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $128.05, for a total value of $3,694,498.60. Following the sale, the director now directly owns 982,221 shares of the company’s stock, valued at approximately $125,773,399.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Blackstone Trading Down 0.1 %

NYSE:BX opened at $127.68 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.80 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $123.13 and its two-hundred day moving average is $110.40. Blackstone Inc. has a 52 week low of $76.19 and a 52 week high of $133.53. The company has a market cap of $90.72 billion, a PE ratio of 69.77, a P/E/G ratio of 3.12 and a beta of 1.52.

Blackstone (NYSE:BXGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The asset manager reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.16. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Blackstone had a return on equity of 17.30% and a net margin of 17.34%. During the same period in the prior year, the firm earned $1.07 EPS. On average, analysts predict that Blackstone Inc. will post 4.95 EPS for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Monday, February 5th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.94%. This is a boost from Blackstone’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Friday, February 2nd. Blackstone’s dividend payout ratio is presently 205.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BX shares. JPMorgan Chase & Co. boosted their price target on Blackstone from $91.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. BMO Capital Markets boosted their price target on Blackstone from $95.00 to $101.00 and gave the company a “market perform” rating in a research report on Friday, January 26th. Piper Sandler reissued an “overweight” rating and set a $150.00 price target on shares of Blackstone in a research report on Wednesday, December 20th. TheStreet cut Blackstone from a “b” rating to a “c+” rating in a research note on Thursday, January 25th. Finally, UBS Group boosted their price objective on Blackstone from $134.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $117.81.

Get Our Latest Analysis on Blackstone

Institutional Trading of Blackstone

Several large investors have recently added to or reduced their stakes in BX. Mirador Capital Partners LP boosted its stake in shares of Blackstone by 2.2% during the 3rd quarter. Mirador Capital Partners LP now owns 87,646 shares of the asset manager’s stock worth $9,390,000 after acquiring an additional 1,862 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Blackstone by 5.4% in the second quarter. Arizona State Retirement System now owns 201,913 shares of the asset manager’s stock worth $18,772,000 after buying an additional 10,297 shares during the period. WASHINGTON TRUST Co boosted its position in shares of Blackstone by 7.0% in the third quarter. WASHINGTON TRUST Co now owns 121,358 shares of the asset manager’s stock worth $13,002,000 after buying an additional 7,907 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Blackstone by 6.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,352 shares of the asset manager’s stock worth $3,101,000 after buying an additional 1,913 shares during the period. Finally, EA Series Trust acquired a new stake in shares of Blackstone in the second quarter worth $451,000. 63.35% of the stock is currently owned by institutional investors and hedge funds.

About Blackstone

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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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Insider Buying and Selling by Quarter for Blackstone (NYSE:BX)

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