Blackstone Inc. $BX Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Blackstone Inc. (NYSE:BX) by 0.2% in the 2nd quarter, Holdings Channel reports. The fund owned 314,203 shares of the asset manager’s stock after selling 703 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Blackstone were worth $46,998,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BX shares. Weiss Ratings restated a “hold (c)” rating on shares of Blackstone in a report on Wednesday, October 8th. Dbs Bank raised shares of Blackstone to a “moderate buy” rating in a research note on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $166.00 price target on shares of Blackstone and gave the company a “buy” rating in a report on Friday, October 24th. Barclays decreased their price objective on shares of Blackstone from $171.00 to $165.00 and set an “equal weight” rating for the company in a research note on Friday, October 24th. Finally, Piper Sandler decreased their target price on Blackstone from $173.00 to $168.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $179.74.

Insider Transactions at Blackstone

In other news, insider John G. Finley sold 21,500 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $171.46, for a total transaction of $3,686,390.00. Following the sale, the insider directly owned 453,836 shares in the company, valued at approximately $77,814,720.56. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Breyer purchased 13,900 shares of the stock in a transaction on Tuesday, November 4th. The stock was acquired at an average cost of $143.86 per share, for a total transaction of $1,999,654.00. Following the acquisition, the director directly owned 68,906 shares in the company, valued at approximately $9,912,817.16. This trade represents a 25.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 2,565,141 shares of company stock valued at $68,991,351 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

Blackstone Stock Performance

NYSE:BX opened at $144.29 on Thursday. The firm has a market capitalization of $106.55 billion, a PE ratio of 41.23, a PEG ratio of 1.18 and a beta of 1.76. The firm’s fifty day simple moving average is $164.30 and its 200 day simple moving average is $157.67. Blackstone Inc. has a 1 year low of $115.66 and a 1 year high of $200.96. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

Blackstone (NYSE:BX) last issued its quarterly earnings results on Friday, November 22nd. The asset manager reported $0.97 EPS for the quarter. The company had revenue of $2.49 billion during the quarter. Blackstone had a return on equity of 22.30% and a net margin of 20.56%. On average, sell-side analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were given a dividend of $1.29 per share. This is an increase from Blackstone’s previous quarterly dividend of $1.03. This represents a $5.16 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, November 3rd. Blackstone’s dividend payout ratio (DPR) is currently 147.43%.

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.