Blackstone Inc. (NYSE:BX - Get Free Report) Director Ruth Porat acquired 219 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average price of $119.48 per share, for a total transaction of $26,166.12. Following the transaction, the director now directly owns 34,445 shares of the company's stock, valued at approximately $4,115,488.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Ruth Porat also recently made the following trade(s):
- On Monday, February 12th, Ruth Porat purchased 232 shares of Blackstone stock. The stock was acquired at an average cost of $127.08 per share, for a total transaction of $29,482.56.
Blackstone Stock Up 0.0 %
NYSE BX opened at $119.81 on Thursday. The business's 50-day moving average is $124.96 and its 200 day moving average is $119.45. The stock has a market capitalization of $85.62 billion, a PE ratio of 42.24, a PEG ratio of 0.98 and a beta of 1.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.79 and a quick ratio of 0.80. Blackstone Inc. has a 1 year low of $80.28 and a 1 year high of $133.56.
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Blackstone (NYSE:BX - Get Free Report) last announced its earnings results on Thursday, April 18th. The asset manager reported $0.98 EPS for the quarter, meeting analysts' consensus estimates of $0.98. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $2.56 billion. Blackstone had a return on equity of 17.33% and a net margin of 20.84%. The firm's revenue for the quarter was up 166.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. Sell-side analysts forecast that Blackstone Inc. will post 4.77 earnings per share for the current year.
Blackstone Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Monday, April 29th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Friday, April 26th. Blackstone's payout ratio is currently 117.31%.
Analysts Set New Price Targets
Several brokerages have issued reports on BX. Citigroup lowered shares of Blackstone from a "buy" rating to a "neutral" rating and lifted their target price for the company from $116.00 to $124.00 in a research report on Friday, January 19th. UBS Group increased their target price on Blackstone from $135.00 to $138.00 and gave the company a "neutral" rating in a research note on Friday, April 12th. Oppenheimer cut Blackstone from an "outperform" rating to a "market perform" rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods raised their price objective on Blackstone from $123.00 to $127.00 and gave the company a "market perform" rating in a report on Friday, January 26th. Finally, BMO Capital Markets increased their price target on shares of Blackstone from $95.00 to $101.00 and gave the company a "market perform" rating in a research report on Friday, January 26th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $123.65.
Read Our Latest Analysis on BX
Institutional Trading of Blackstone
Several large investors have recently bought and sold shares of BX. Stonegate Investment Group LLC boosted its position in shares of Blackstone by 0.8% in the 1st quarter. Stonegate Investment Group LLC now owns 20,165 shares of the asset manager's stock worth $2,649,000 after purchasing an additional 169 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Blackstone by 5.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 303,069 shares of the asset manager's stock worth $40,348,000 after acquiring an additional 15,875 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of Blackstone in the 4th quarter worth about $855,000. Chicago Capital LLC bought a new stake in Blackstone during the 4th quarter valued at about $3,734,000. Finally, Kampmann Melissa S. bought a new position in shares of Blackstone in the third quarter worth approximately $2,314,000. 70.00% of the stock is owned by institutional investors.
Blackstone Company Profile
(
Get Free Report)
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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