Blackstone Inc. (NYSE:BX) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Blackstone Inc. (NYSE:BX) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,228 shares of the asset manager’s stock after buying an additional 1,112 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Blackstone were worth $2,255,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Blackstone by 30.2% in the third quarter. Vanguard Group Inc. now owns 62,091,903 shares of the asset manager’s stock valued at $6,652,526,000 after purchasing an additional 14,396,655 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Blackstone by 13.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 14,825,769 shares of the asset manager’s stock worth $1,588,433,000 after buying an additional 1,744,652 shares in the last quarter. Northern Trust Corp boosted its stake in Blackstone by 43.9% in the 3rd quarter. Northern Trust Corp now owns 6,877,288 shares of the asset manager’s stock worth $736,833,000 after purchasing an additional 2,098,150 shares during the period. Brown Advisory Inc. boosted its stake in Blackstone by 1.5% in the 3rd quarter. Brown Advisory Inc. now owns 6,106,889 shares of the asset manager’s stock worth $654,292,000 after purchasing an additional 92,112 shares during the period. Finally, Legal & General Group Plc boosted its stake in Blackstone by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 5,246,005 shares of the asset manager’s stock worth $562,058,000 after purchasing an additional 106,251 shares during the period. Institutional investors own 70.00% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

BX has been the subject of a number of research reports. Oppenheimer lowered shares of Blackstone from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 11th. TD Cowen cut their price target on shares of Blackstone from $117.00 to $114.00 and set a “hold” rating on the stock in a report on Friday, April 19th. Keefe, Bruyette & Woods raised their price target on shares of Blackstone from $123.00 to $127.00 and gave the company a “market perform” rating in a report on Friday, January 26th. Bank of America dropped their target price on shares of Blackstone from $141.00 to $132.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, The Goldman Sachs Group downgraded shares of Blackstone from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $115.00 to $128.00 in a report on Wednesday, January 3rd. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $123.65.

Blackstone Trading Down 0.7 %

Shares of BX traded down $0.84 on Thursday, reaching $122.94. 1,758,365 shares of the company’s stock were exchanged, compared to its average volume of 3,669,043. The business has a 50 day moving average price of $126.21 and a two-hundred day moving average price of $118.24. The company has a current ratio of 0.79, a quick ratio of 0.80 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $87.86 billion, a P/E ratio of 43.08, a price-to-earnings-growth ratio of 1.03 and a beta of 1.51. Blackstone Inc. has a 12 month low of $79.92 and a 12 month high of $133.56.

Blackstone (NYSE:BX) last issued its quarterly earnings data on Thursday, April 18th. The asset manager reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $2.56 billion. Blackstone had a return on equity of 17.33% and a net margin of 20.84%. The firm’s revenue was up 166.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Research analysts anticipate that Blackstone Inc. will post 4.77 earnings per share for the current year.

Blackstone Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Monday, April 29th will be issued a dividend of $0.83 per share. The ex-dividend date is Friday, April 26th. This represents a $3.32 annualized dividend and a yield of 2.70%. Blackstone’s dividend payout ratio is presently 132.86%.

Blackstone 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.