MASTERINVEST Kapitalanlage GmbH Purchases 12,255 Shares of Blackstone Inc. $BX

MASTERINVEST Kapitalanlage GmbH boosted its position in Blackstone Inc. (NYSE:BX) by 210.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,080 shares of the asset manager’s stock after buying an additional 12,255 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Blackstone were worth $3,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Traub Capital Management LLC bought a new position in shares of Blackstone during the 2nd quarter valued at $27,000. Family CFO Inc bought a new position in shares of Blackstone during the second quarter valued at about $28,000. Livelsberger Financial Advisory bought a new stake in shares of Blackstone in the 2nd quarter valued at about $30,000. Investors Research Corp bought a new position in Blackstone during the 2nd quarter worth approximately $34,000. Finally, Parvin Asset Management LLC purchased a new position in Blackstone in the 2nd quarter worth approximately $35,000. 70.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BX has been the topic of several recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $195.00 target price on shares of Blackstone in a report on Friday, October 24th. Evercore ISI decreased their price objective on shares of Blackstone from $197.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Blackstone in a report on Wednesday, October 8th. UBS Group reaffirmed a “neutral” rating on shares of Blackstone in a research report on Wednesday, December 24th. Finally, Citigroup cut their price objective on Blackstone from $185.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $179.89.

Blackstone Stock Performance

Blackstone stock opened at $157.76 on Friday. Blackstone Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $190.09. The stock has a market cap of $116.50 billion, a price-to-earnings ratio of 45.07, a PEG ratio of 1.09 and a beta of 1.75. The stock’s 50 day simple moving average is $149.54 and its two-hundred day simple moving average is $160.86. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75.

Blackstone (NYSE:BX) last released its quarterly earnings results on Friday, November 22nd. The asset manager reported $0.97 earnings per share for the quarter. The company had revenue of $2.49 billion for the quarter. Blackstone had a return on equity of 22.30% and a net margin of 20.56%. As a group, analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were paid a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, November 3rd. This is an increase from Blackstone’s previous quarterly dividend of $1.03. Blackstone’s dividend payout ratio (DPR) is currently 147.43%.

Insider Buying and Selling

In related news, Director Ruth Porat purchased 324 shares of the stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of $146.92 per share, with a total value of $47,602.08. Following the transaction, the director directly owned 39,077 shares in the company, valued at $5,741,192.84. This trade represents a 0.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. Following the sale, the insider owned 2,161 shares of the company’s stock, valued at approximately $21,610. This represents a 99.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders purchased 797,148 shares of company stock worth $24,050,153 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

About Blackstone

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.