Privium Fund Management UK Ltd Makes New $3.21 Million Investment in Blackstone Inc. $BX

Privium Fund Management UK Ltd bought a new stake in Blackstone Inc. (NYSE:BX) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,900 shares of the asset manager’s stock, valued at approximately $3,205,000. Blackstone makes up approximately 1.3% of Privium Fund Management UK Ltd’s holdings, making the stock its 19th largest holding.

Other large investors also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new position in shares of Blackstone during the 4th quarter worth $28,000. Strive Asset Management LLC acquired a new stake in shares of Blackstone in the third quarter valued at approximately $30,000. Palladiem LLC acquired a new position in shares of Blackstone during the 4th quarter worth approximately $31,000. West Branch Capital LLC grew its holdings in Blackstone by 26,600.0% during the 2nd quarter. West Branch Capital LLC now owns 267 shares of the asset manager’s stock valued at $31,000 after buying an additional 266 shares during the last quarter. Finally, Entrust Financial LLC purchased a new stake in shares of Blackstone in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Stock Performance

Blackstone stock opened at $143.94 on Monday. The stock’s 50-day moving average is $126.51 and its 200-day moving average is $122.51. The company has a market cap of $108.04 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 1.60 and a beta of 1.55. Blackstone Inc. has a 12 month low of $101.73 and a 12 month high of $190.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.72 and a quick ratio of 0.72.

Blackstone (NYSE:BX) last posted its quarterly earnings results on Thursday, July 23rd. The asset manager reported $1.52 EPS for the quarter, beating the consensus estimate of $1.34 by $0.18. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter last year, the firm posted $0.98 earnings per share. Blackstone’s revenue for the quarter was up 35.9% compared to the same quarter last year. Equities analysts anticipate that Blackstone Inc. will post 6 earnings per share for the current year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a dividend of $1.29 per share. This is a positive change from Blackstone’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $5.16 dividend on an annualized basis and a yield of 3.6%. Blackstone’s dividend payout ratio is currently 115.44%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BX shares. JPMorgan Chase & Co. reduced their price objective on shares of Blackstone from $136.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, July 16th. Oppenheimer boosted their price target on Blackstone from $139.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Weiss Ratings raised Blackstone from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 24th. Royal Bank Of Canada upped their target price on Blackstone from $161.00 to $169.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Sanford C. Bernstein assumed coverage on Blackstone in a report on Monday, June 8th. They issued an “outperform” rating for the company. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Blackstone has an average rating of “Moderate Buy” and a consensus target price of $147.95.

Insider Buying and Selling

In other news, major shareholder Private Multi-Asset Blackstone purchased 765,111 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average price of $26.14 per share, with a total value of $20,000,001.54. Following the purchase, the insider directly owned 7,882,145 shares of the company’s stock, valued at approximately $206,039,270.30. This represents a 10.75% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John G. Finley sold 45,000 shares of Blackstone stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $147.11, for a total value of $6,619,950.00. Following the sale, the insider directly owned 516,017 shares in the company, valued at approximately $75,911,260.87. The trade was a 8.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders bought 1,339,180 shares of company stock valued at $35,062,433 and sold 7,562,000 shares valued at $40,331,085. 1.00% of the stock is owned by company insiders.

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.