Blackstone Inc. $BX Shares Bought by Cryder Capital Partners LLP

Cryder Capital Partners LLP increased its stake in Blackstone Inc. (NYSE:BX) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 997,317 shares of the asset manager’s stock after acquiring an additional 66,440 shares during the quarter. Blackstone comprises 8.4% of Cryder Capital Partners LLP’s holdings, making the stock its 6th largest holding. Cryder Capital Partners LLP owned about 0.14% of Blackstone worth $149,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. 1248 Management LLC acquired a new position in Blackstone in the first quarter valued at $25,000. Family CFO Inc bought a new stake in shares of Blackstone in the 2nd quarter valued at $28,000. Wealth Preservation Advisors LLC acquired a new position in shares of Blackstone during the 1st quarter valued at $28,000. Anderson Financial Strategies LLC acquired a new stake in Blackstone in the first quarter worth $28,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Blackstone during the second quarter valued at about $30,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Activity

In other news, Director Joseph Baratta sold 113,000 shares of Blackstone stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $175.69, for a total transaction of $19,852,970.00. Following the sale, the director directly owned 695,757 shares in the company, valued at $122,237,547.33. The trade was a 13.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vikrant Sawhney sold 50,850 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $173.64, for a total transaction of $8,829,594.00. Following the sale, the insider owned 737,248 shares of the company’s stock, valued at $128,015,742.72. This trade represents a 6.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 2,538,345 shares of company stock worth $65,046,628 and sold 16,984,634 shares worth $155,181,346. 1.00% of the stock is owned by company insiders.

Blackstone Stock Down 0.3%

BX opened at $154.55 on Monday. Blackstone Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $200.96. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.74. The company’s 50-day moving average is $170.20 and its 200 day moving average is $156.15. The firm has a market capitalization of $113.92 billion, a P/E ratio of 44.16, a PEG ratio of 1.24 and a beta of 1.77.

Blackstone (NYSE:BX) last posted its quarterly earnings data on Friday, November 22nd. The asset manager reported $0.97 EPS for the quarter. Blackstone had a net margin of 20.56% and a return on equity of 22.30%. The firm had revenue of $2.49 billion during the quarter. Research analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Monday, November 3rd will be paid a $1.29 dividend. This is a boost from Blackstone’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, November 3rd. This represents a $5.16 dividend on an annualized basis and a yield of 3.3%. Blackstone’s dividend payout ratio is currently 117.71%.

Analysts Set New Price Targets

A number of research firms recently weighed in on BX. Bank of America dropped their price target on Blackstone from $200.00 to $199.00 in a research note on Friday, October 3rd. Barclays lowered their target price on Blackstone from $171.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Friday. Jefferies Financial Group decreased their price target on shares of Blackstone from $207.00 to $199.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Citigroup dropped their price objective on shares of Blackstone from $185.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Blackstone from $180.00 to $171.00 and set a “market perform” rating for the company in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Blackstone has an average rating of “Moderate Buy” and a consensus price target of $180.26.

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.