Natixis Advisors LLC Purchases 142,479 Shares of Blackstone Inc. $BX

Natixis Advisors LLC lifted its holdings in shares of Blackstone Inc. (NYSE:BXFree Report) by 20.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 840,401 shares of the asset manager’s stock after purchasing an additional 142,479 shares during the period. Natixis Advisors LLC’s holdings in Blackstone were worth $143,582,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BX. Vanguard Group Inc. grew its position in shares of Blackstone by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 69,492,377 shares of the asset manager’s stock worth $10,394,670,000 after buying an additional 1,494,796 shares during the period. Whittier Trust Co. increased its holdings in shares of Blackstone by 2.1% in the third quarter. Whittier Trust Co. now owns 346,318 shares of the asset manager’s stock worth $58,337,000 after acquiring an additional 7,053 shares in the last quarter. Close Asset Management Ltd boosted its holdings in shares of Blackstone by 16,035.1% in the third quarter. Close Asset Management Ltd now owns 1,140,264 shares of the asset manager’s stock valued at $194,746,000 after buying an additional 1,133,197 shares during the period. Exchange Traded Concepts LLC lifted its position in Blackstone by 733.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 13,715 shares of the asset manager’s stock valued at $2,343,000 after acquiring an additional 12,069 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC boosted its position in shares of Blackstone by 259.8% during the second quarter. Longfellow Investment Management Co. LLC now owns 22,160 shares of the asset manager’s stock worth $3,315,000 after buying an additional 16,001 shares during the period. Institutional investors own 70.00% of the company’s stock.

Blackstone Trading Down 4.6%

Shares of NYSE BX opened at $110.20 on Friday. The stock has a market cap of $81.79 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 0.95 and a beta of 1.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.75 and a current ratio of 0.76. Blackstone Inc. has a 52-week low of $105.09 and a 52-week high of $190.09. The firm has a 50 day moving average price of $139.66 and a two-hundred day moving average price of $152.56.

Blackstone (NYSE:BXGet Free Report) last announced its earnings results on Thursday, January 29th. The asset manager reported $1.75 EPS for the quarter, topping the consensus estimate of $1.54 by $0.21. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $3.69 billion. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The business’s quarterly revenue was up 41.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.69 EPS. As a group, equities analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a $1.49 dividend. The ex-dividend date was Monday, February 9th. This is an increase from Blackstone’s previous quarterly dividend of $1.29. This represents a $5.96 dividend on an annualized basis and a yield of 5.4%. Blackstone’s dividend payout ratio is presently 153.61%.

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

Insiders Place Their Bets

In other news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Holdings Iv Gp Mana Blackstone acquired 1,146,789 shares of the stock in a transaction on Monday, February 23rd. The shares were acquired at an average price of $26.16 per share, for a total transaction of $30,000,000.24. Following the acquisition, the insider owned 16,716,249 shares of the company’s stock, valued at approximately $437,297,073.84. The trade was a 7.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BX has been the subject of a number of recent research reports. Royal Bank Of Canada began coverage on shares of Blackstone in a research note on Monday, February 23rd. They set an “outperform” rating and a $179.00 price objective for the company. Argus reduced their price objective on shares of Blackstone from $195.00 to $163.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Barclays reduced their price target on Blackstone from $164.00 to $126.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. BNP Paribas Exane reduced their price target on Blackstone from $167.00 to $156.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Finally, Citigroup reiterated a “market outperform” rating on shares of Blackstone in a research report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Blackstone currently has an average rating of “Moderate Buy” and a consensus price target of $165.86.

Check Out Our Latest Report on Blackstone

About Blackstone

(Free Report)

Blackstone Inc (NYSE: BX) is a global investment firm focused on alternative asset management. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and headquartered in New York City, the firm organizes and manages investment vehicles that acquire and operate businesses, real estate and credit investments, as well as provide hedge fund solutions and other alternative strategies for institutional and individual investors.

Blackstone’s business is organized around several principal investment platforms.

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Want to see what other hedge funds are holding BX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Inc. (NYSE:BXFree Report).

Institutional Ownership by Quarter for Blackstone (NYSE:BX)

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