Curated Wealth Partners LLC Has $1.44 Million Stock Holdings in Blackstone Inc. (NYSE:BX)

Curated Wealth Partners LLC raised its holdings in Blackstone Inc. (NYSE:BX) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,265 shares of the asset manager’s stock after buying an additional 200 shares during the quarter. Curated Wealth Partners LLC’s holdings in Blackstone were worth $1,435,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Centricity Wealth Management LLC bought a new position in shares of Blackstone in the fourth quarter valued at approximately $30,000. Roxbury Financial LLC bought a new stake in shares of Blackstone in the 4th quarter worth $34,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Blackstone during the fourth quarter valued at about $33,000. Bernard Wealth Management Corp. purchased a new position in Blackstone during the fourth quarter worth about $34,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Blackstone in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Stock Performance

BX opened at $139.89 on Tuesday. The firm has a market cap of $102.07 billion, a P/E ratio of 38.54, a PEG ratio of 1.07 and a beta of 1.65. Blackstone Inc. has a 1-year low of $115.66 and a 1-year high of $200.96. The company has a 50 day simple moving average of $135.32 and a two-hundred day simple moving average of $156.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, April 17th. The asset manager reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.13). The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. During the same period last year, the business earned $0.98 earnings per share. Equities analysts forecast that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 28th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.66%. The ex-dividend date was Monday, April 28th. Blackstone’s payout ratio is 112.05%.

Insider Activity

In other news, insider Private Credit Stra Blackstone bought 1,660,000 shares of the stock in a transaction on Thursday, May 1st. The stock was acquired at an average cost of $15.00 per share, for a total transaction of $24,900,000.00. Following the acquisition, the insider now owns 1,666,667 shares of the company’s stock, valued at $25,000,005. This represents a 24,898.76% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ruth Porat acquired 237 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were acquired at an average price of $136.33 per share, for a total transaction of $32,310.21. Following the completion of the purchase, the director now owns 37,067 shares of the company’s stock, valued at approximately $5,053,344.11. This represents a 0.64% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BX. Citizens Jmp raised Blackstone from a “market perform” rating to an “outperform” rating and set a $165.00 target price for the company in a report on Tuesday, April 8th. Piper Sandler cut their price target on shares of Blackstone from $182.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $165.00 price objective on shares of Blackstone in a research report on Thursday, April 24th. Keefe, Bruyette & Woods reduced their target price on shares of Blackstone from $141.00 to $139.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Finally, Bank of America lowered their price target on shares of Blackstone from $219.00 to $207.00 and set a “buy” rating on the stock in a report on Friday, April 4th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $155.65.

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.