Blackstone Inc. (NYSE:BX) Shares Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. raised its holdings in Blackstone Inc. (NYSE:BX) by 9.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,487 shares of the asset manager’s stock after purchasing an additional 1,404 shares during the period. Atomi Financial Group Inc.’s holdings in Blackstone were worth $2,525,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in shares of Blackstone by 2.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 635,026 shares of the asset manager’s stock valued at $83,138,000 after acquiring an additional 14,435 shares in the last quarter. Logan Capital Management Inc. lifted its position in shares of Blackstone by 37.5% in the fourth quarter. Logan Capital Management Inc. now owns 4,125 shares of the asset manager’s stock valued at $540,000 after acquiring an additional 1,125 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its position in shares of Blackstone by 4.9% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 61,966 shares of the asset manager’s stock valued at $8,113,000 after acquiring an additional 2,869 shares in the last quarter. Regal Investment Advisors LLC lifted its position in shares of Blackstone by 7.9% in the fourth quarter. Regal Investment Advisors LLC now owns 3,006 shares of the asset manager’s stock valued at $394,000 after acquiring an additional 221 shares in the last quarter. Finally, Cullen Capital Management LLC lifted its position in shares of Blackstone by 62.1% in the fourth quarter. Cullen Capital Management LLC now owns 5,571 shares of the asset manager’s stock valued at $729,000 after acquiring an additional 2,135 shares in the last quarter. 70.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Joseph Baratta sold 116,448 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total transaction of $17,561,522.88. Following the completion of the transaction, the director now directly owns 799,749 shares of the company’s stock, valued at $120,610,146.69. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Joseph Baratta sold 116,448 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total transaction of $17,561,522.88. Following the completion of the transaction, the director now directly owns 799,749 shares of the company’s stock, valued at approximately $120,610,146.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John G. Finley sold 35,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $131.74, for a total value of $4,610,900.00. Following the transaction, the insider now directly owns 429,386 shares of the company’s stock, valued at approximately $56,567,311.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Blackstone Trading Up 0.3 %

Shares of NYSE BX traded up $0.42 during trading on Tuesday, reaching $149.49. The stock had a trading volume of 408,572 shares, compared to its average volume of 3,426,662. Blackstone Inc. has a fifty-two week low of $88.59 and a fifty-two week high of $161.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.77 and a current ratio of 0.77. The business’s 50-day moving average price is $142.63 and its 200-day moving average price is $131.42. The company has a market cap of $106.83 billion, a P/E ratio of 52.67, a PEG ratio of 1.34 and a beta of 1.51.

Blackstone (NYSE:BX) last issued its quarterly earnings data on Thursday, July 18th. The asset manager reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.03). Blackstone had a net margin of 19.35% and a return on equity of 17.43%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up 166.9% compared to the same quarter last year. On average, equities research analysts predict that Blackstone Inc. will post 4.57 EPS for the current fiscal year.

Blackstone Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Monday, July 29th were paid a dividend of $0.82 per share. The ex-dividend date was Monday, July 29th. This represents a $3.28 annualized dividend and a yield of 2.19%. Blackstone’s payout ratio is 115.90%.

Analysts Set New Price Targets

BX has been the topic of several research reports. The Goldman Sachs Group raised their target price on Blackstone from $130.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Barclays lifted their price objective on Blackstone from $141.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday. Wells Fargo & Company started coverage on Blackstone in a research report on Thursday, September 12th. They set an “overweight” rating and a $163.00 price objective on the stock. Morgan Stanley lifted their price objective on Blackstone from $144.00 to $164.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Redburn Atlantic started coverage on Blackstone in a research report on Tuesday, August 27th. They set a “neutral” rating and a $134.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Blackstone presently has a consensus rating of “Hold” and a consensus price target of $133.06.

About Blackstone

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.