Blackstone Inc. (NYSE:BX) Shares Sold by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. lowered its holdings in Blackstone Inc. (NYSE:BX) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,957 shares of the asset manager’s stock after selling 100 shares during the period. Blackstone comprises 1.2% of Duncker Streett & Co. Inc.’s portfolio, making the stock its 21st largest position. Duncker Streett & Co. Inc.’s holdings in Blackstone were worth $5,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC bought a new stake in Blackstone during the 2nd quarter valued at $25,000. Bourgeon Capital Management LLC increased its position in shares of Blackstone by 86.2% during the 4th quarter. Bourgeon Capital Management LLC now owns 216 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 100 shares during the period. Exchange Traded Concepts LLC boosted its stake in Blackstone by 763.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the asset manager’s stock valued at $31,000 after buying an additional 206 shares in the last quarter. DHJJ Financial Advisors Ltd. acquired a new stake in Blackstone in the 3rd quarter valued at about $33,000. Finally, Family CFO Inc bought a new stake in shares of Blackstone in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insiders Place Their Bets

In other Blackstone news, Director Ruth Porat acquired 232 shares of Blackstone stock in a transaction on Monday, February 12th. The shares were bought at an average price of $127.08 per share, with a total value of $29,482.56. Following the completion of the purchase, the director now owns 34,225 shares in the company, valued at $4,349,313. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Blackstone news, Director Joseph Baratta sold 28,852 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $128.05, for a total transaction of $3,694,498.60. Following the completion of the sale, the director now directly owns 982,221 shares of the company’s stock, valued at approximately $125,773,399.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ruth Porat purchased 232 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $127.08 per share, with a total value of $29,482.56. Following the completion of the purchase, the director now owns 34,225 shares of the company’s stock, valued at $4,349,313. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 2,587,168 shares of company stock valued at $37,816,476. 1.00% of the stock is currently owned by insiders.

Blackstone Stock Performance

Shares of BX traded up $0.71 during trading hours on Wednesday, reaching $121.88. 3,540,130 shares of the company traded hands, compared to its average volume of 2,705,394. The stock’s fifty day moving average is $126.87 and its 200 day moving average is $117.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $87.10 billion, a P/E ratio of 66.60, a price-to-earnings-growth ratio of 0.99 and a beta of 1.51. Blackstone Inc. has a 1-year low of $79.92 and a 1-year high of $133.56.

Blackstone (NYSE:BX) last issued its earnings results on Thursday, January 25th. The asset manager reported $1.11 EPS for the quarter, topping the consensus estimate of $0.95 by $0.16. The firm had revenue of $1.29 billion during 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 last year, the business earned $1.07 earnings per share. Equities research analysts anticipate that Blackstone Inc. will post 4.88 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Monday, February 5th were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.09%. This is a boost from Blackstone’s previous quarterly dividend of $0.80. Blackstone’s dividend payout ratio (DPR) is 205.46%.

Analyst Ratings Changes

BX has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their target price on Blackstone from $123.00 to $127.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. TD Cowen initiated coverage on shares of Blackstone in a research report on Thursday, January 4th. They set a “market perform” rating and a $118.00 price objective on the stock. Bank of America lifted their price objective on Blackstone from $146.00 to $147.00 and gave the company a “buy” rating in a research report on Monday, March 4th. TheStreet lowered Blackstone from a “b” rating to a “c+” rating in a report on Thursday, January 25th. Finally, Barclays lifted their target price on shares of Blackstone from $126.00 to $129.00 and gave the company an “equal weight” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $119.92.

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.