Oregon Public Employees Retirement Fund Has $14.40 Million Stake in Blackstone Inc. $BX

Oregon Public Employees Retirement Fund increased its stake in shares of Blackstone Inc. (NYSE:BX) by 33.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,258 shares of the asset manager’s stock after purchasing an additional 21,213 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Blackstone were worth $14,395,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Traub Capital Management LLC acquired a new position in shares of Blackstone in the second quarter worth $27,000. Family CFO Inc purchased a new stake in shares of Blackstone during the 2nd quarter worth about $28,000. Livelsberger Financial Advisory bought a new stake in shares of Blackstone in the 2nd quarter valued at approximately $30,000. 1248 Management LLC bought a new position in Blackstone during the first quarter valued at approximately $34,000. Finally, Investors Research Corp bought a new stake in Blackstone in the second quarter worth approximately $34,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Transactions at Blackstone

In other news, major shareholder Holdings Iv Gp Mana Blackstone acquired 384,468 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were bought at an average price of $26.01 per share, with a total value of $10,000,012.68. Following the acquisition, the insider owned 16,525,117 shares of the company’s stock, valued at $429,818,293.17. This trade represents a 2.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Breyer bought 13,900 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average price of $143.86 per share, with a total value of $1,999,654.00. Following the completion of the purchase, the director directly owned 68,906 shares of the company’s stock, valued at $9,912,817.16. This represents a 25.27% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 797,148 shares of company stock worth $24,050,153 over the last quarter. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BX shares. Evercore ISI reduced their price objective on shares of Blackstone from $197.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. The Goldman Sachs Group upped their price target on Blackstone from $173.00 to $174.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Piper Sandler reduced their target price on Blackstone from $173.00 to $168.00 and set a “neutral” rating for the company in a report on Friday, October 24th. HSBC lowered their price target on Blackstone from $179.00 to $178.00 in a report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blackstone in a report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $179.89.

Blackstone Stock Up 1.6%

BX opened at $157.76 on Friday. Blackstone Inc. has a 1-year low of $115.66 and a 1-year high of $190.09. The business has a 50 day moving average of $149.54 and a 200-day moving average of $160.86. The stock has a market capitalization of $116.50 billion, a price-to-earnings ratio of 45.07, a P/E/G ratio of 1.09 and a beta of 1.75. The company has a current ratio of 0.75, a quick ratio of 0.75 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 earnings per share 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. As a group, sell-side analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were issued a $1.29 dividend. This is a positive change from Blackstone’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $5.16 annualized dividend and a yield of 3.3%. Blackstone’s payout ratio is currently 147.43%.

Blackstone Profile

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.