Chilton Investment Co. Inc. Has $28.03 Million Stock Position in Blackstone Inc. $BX

Chilton Investment Co. Inc. raised its position in Blackstone Inc. (NYSE:BXFree Report) by 11.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 164,070 shares of the asset manager’s stock after acquiring an additional 16,507 shares during the period. Chilton Investment Co. Inc.’s holdings in Blackstone were worth $28,031,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Blackstone by 2.2% during the second 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 in the last quarter. Close Asset Management Ltd boosted its holdings in Blackstone by 16,035.1% during the 3rd quarter. Close Asset Management Ltd now owns 1,140,264 shares of the asset manager’s stock worth $194,746,000 after acquiring an additional 1,133,197 shares during the last quarter. Whittier Trust Co. raised 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 valued at $58,337,000 after purchasing an additional 7,053 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Blackstone by 20.4% during the third quarter. Natixis Advisors LLC now owns 840,401 shares of the asset manager’s stock valued at $143,582,000 after purchasing an additional 142,479 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew 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 worth $2,343,000 after purchasing an additional 12,069 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors.

Key Blackstone News

Here are the key news stories impacting Blackstone this week:

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group dropped their target price on shares of Blackstone from $185.00 to $161.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blackstone in a research report on Wednesday, January 21st. Citigroup reissued a “market outperform” rating on shares of Blackstone in a research report on Friday, January 30th. The Goldman Sachs Group decreased their target price on Blackstone from $166.00 to $158.00 and set a “neutral” rating for the company in a research report on Friday, January 30th. Finally, Piper Sandler reduced their price target on shares of Blackstone from $168.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Eleven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.86.

Read Our Latest Stock Analysis on BX

Insider Activity at Blackstone

In related news, major shareholder Holdings Iv Gp Mana Blackstone purchased 1,146,789 shares of Blackstone stock in a transaction dated Monday, February 23rd. The stock was bought at an average cost of $26.16 per share, for a total transaction of $30,000,000.24. Following the completion of the transaction, the insider owned 16,716,249 shares in the company, valued at $437,297,073.84. This trade represents a 7.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $10.00, for a total value of $15,961,420.00. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is currently owned by company insiders.

Blackstone Stock Performance

Shares of BX opened at $106.62 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $79.13 billion, a PE ratio of 27.48, a PEG ratio of 0.85 and a beta of 1.79. Blackstone Inc. has a 1 year low of $101.73 and a 1 year high of $190.09. The stock’s fifty day moving average price is $134.85 and its two-hundred day moving average price is $150.44.

Blackstone (NYSE:BXGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.21. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $3.69 billion. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The firm’s revenue for the quarter was up 41.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.69 EPS. On average, equities research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were paid a dividend of $1.49 per share. This represents a $5.96 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, February 9th. This is an increase from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s dividend payout ratio is currently 153.61%.

Blackstone Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Blackstone (NYSE:BX)

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