Compass Ion Advisors LLC Buys 187 Shares of Blackstone Inc. (NYSE:BX)

Compass Ion Advisors LLC boosted its position in Blackstone Inc. (NYSE:BX) by 0.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,431 shares of the asset manager’s stock after buying an additional 187 shares during the period. Compass Ion Advisors LLC’s holdings in Blackstone were worth $3,341,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. lifted its position in Blackstone by 1.2% in the 1st quarter. Mather Group LLC. now owns 7,113 shares of the asset manager’s stock valued at $931,000 after acquiring an additional 87 shares in the last quarter. Fragasso Group Inc. boosted its position in shares of Blackstone by 2.9% during the first quarter. Fragasso Group Inc. now owns 3,255 shares of the asset manager’s stock valued at $428,000 after buying an additional 91 shares during the last quarter. UNIVEST FINANCIAL Corp raised its position in Blackstone by 2.9% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 3,320 shares of the asset manager’s stock valued at $435,000 after buying an additional 95 shares during the last quarter. Marino Stram & Associates LLC grew its stake in shares of Blackstone by 3.8% in the 4th quarter. Marino Stram & Associates LLC now owns 2,592 shares of the asset manager’s stock worth $339,000 after acquiring an additional 96 shares in the last quarter. Finally, FFT Wealth Management LLC lifted its position in shares of Blackstone by 2.0% during the fourth quarter. FFT Wealth Management LLC now owns 5,094 shares of the asset manager’s stock valued at $667,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 70.00% of the company’s stock.

Analyst Ratings Changes

BX has been the topic of a number of recent analyst reports. Argus lifted their target price on Blackstone from $133.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Morgan Stanley increased their price objective on Blackstone from $144.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. JMP Securities reaffirmed a “market perform” rating on shares of Blackstone in a research report on Tuesday, April 9th. UBS Group boosted their price objective on Blackstone from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, Piper Sandler reduced their target price on shares of Blackstone from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $123.65.

Insider Transactions at Blackstone

In other news, Director Ruth Porat purchased 219 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were purchased at an average price of $119.48 per share, for a total transaction of $26,166.12. Following the completion of the acquisition, the director now directly owns 34,445 shares in the company, valued at approximately $4,115,488.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by insiders.

Blackstone Trading Down 0.3 %

NYSE:BX opened at $123.80 on Monday. The company has a fifty day moving average of $122.37 and a 200 day moving average of $124.53. Blackstone Inc. has a 52 week low of $88.59 and a 52 week high of $133.56. The firm has a market capitalization of $88.47 billion, a P/E ratio of 43.75, a P/E/G ratio of 1.04 and a beta of 1.50. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.61.

Blackstone (NYSE:BX) last released its quarterly earnings results on Thursday, April 18th. The asset manager reported $0.98 earnings per share for the quarter, meeting the consensus estimate of $0.98. Blackstone had a net margin of 20.84% and a return on equity of 17.33%. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. The firm’s revenue for the quarter was up 166.9% compared to the same quarter last year. On average, research analysts predict that Blackstone Inc. will post 4.77 earnings per share for the current year.

Blackstone Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Monday, April 29th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, April 26th. Blackstone’s dividend payout ratio (DPR) is 117.31%.

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.