Mosley Wealth Management Acquires Shares of 4,777 Blackstone Inc. $BX

Mosley Wealth Management acquired a new stake in Blackstone Inc. (NYSE:BX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,777 shares of the asset manager’s stock, valued at approximately $776,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BX. Brighton Jones LLC boosted its holdings in shares of Blackstone by 34.6% in the fourth quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager’s stock valued at $1,365,000 after acquiring an additional 2,035 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Blackstone by 9.3% in the second quarter. Sivia Capital Partners LLC now owns 2,076 shares of the asset manager’s stock valued at $310,000 after acquiring an additional 177 shares in the last quarter. United Bank boosted its holdings in shares of Blackstone by 14.7% in the second quarter. United Bank now owns 13,528 shares of the asset manager’s stock valued at $2,024,000 after acquiring an additional 1,729 shares in the last quarter. Nebula Research & Development LLC purchased a new stake in shares of Blackstone in the second quarter valued at about $1,124,000. Finally, Sei Investments Co. boosted its holdings in shares of Blackstone by 1.9% in the second quarter. Sei Investments Co. now owns 452,619 shares of the asset manager’s stock valued at $67,703,000 after acquiring an additional 8,655 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the transaction, the insider owned 25,832 shares of the company’s stock, valued at $90,670.32. The trade was a 99.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Holdings Iv Gp Mana Blackstone acquired 2,868,069 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was purchased at an average cost of $26.15 per share, with a total value of $75,000,004.35. Following the transaction, the insider owned 18,628,295 shares of the company’s stock, valued at approximately $487,129,914.25. The trade was a 18.20% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 12,355,303 shares of company stock valued at $264,789,896. 1.00% of the stock is currently owned by insiders.

Blackstone Stock Up 1.9%

Shares of NYSE BX opened at $120.67 on Friday. Blackstone Inc. has a 12-month low of $101.73 and a 12-month high of $190.09. The company has a market capitalization of $89.65 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 1.29 and a beta of 1.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50-day moving average is $119.81 and its two-hundred day moving average is $131.09.

Blackstone (NYSE:BX) last announced its quarterly earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.02. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts anticipate that Blackstone Inc. will post 5.9 EPS for the current fiscal year.

Blackstone Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, May 4th. Blackstone’s payout ratio is currently 118.67%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citizens Jmp lowered their target price on shares of Blackstone from $195.00 to $190.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Royal Bank Of Canada began coverage on shares of Blackstone in a report on Monday. They set an “outperform” rating on the stock. Zacks Research raised shares of Blackstone from a “strong sell” rating to a “hold” rating in a report on Monday. BMO Capital Markets boosted their price objective on shares of Blackstone from $126.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Finally, TD Cowen decreased their price objective on shares of Blackstone from $140.00 to $133.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Blackstone presently has an average rating of “Moderate Buy” and a consensus target price of $150.86.

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.