Blackstone (NYSE:BX) Price Target Increased to $134.00 by Analysts at BMO Capital Markets

Blackstone (NYSE:BX) had its price objective upped by BMO Capital Markets from $112.00 to $134.00 in a report published on Friday, MarketBeat reports. They currently have a market perform rating on the asset manager’s stock.

Several other research analysts also recently commented on BX. UBS Group boosted their price objective on shares of Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Blackstone from $145.00 to $146.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. TD Cowen increased their price objective on shares of Blackstone from $114.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, July 19th. Bank of America lifted their price objective on shares of Blackstone from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Barclays upped their target price on Blackstone from $155.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Friday. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $155.38.

Blackstone Stock Down 1.0 %

NYSE BX opened at $170.70 on Friday. Blackstone has a 1-year low of $88.59 and a 1-year high of $175.94. The company has a 50 day moving average of $147.84 and a 200-day moving average of $133.63. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.60. The company has a market cap of $121.99 billion, a price-to-earnings ratio of 60.32, a PEG ratio of 1.24 and a beta of 1.51.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, October 28th will be paid a $0.86 dividend. This is an increase from Blackstone’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, October 28th. This represents a $3.44 annualized dividend and a dividend yield of 2.02%. Blackstone’s dividend payout ratio (DPR) is presently 121.55%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Blackstone

Several hedge funds have recently made changes to their positions in BX. Fisher Asset Management LLC lifted its position in Blackstone by 10.9% during the fourth quarter. Fisher Asset Management LLC now owns 4,688 shares of the asset manager’s stock valued at $614,000 after buying an additional 459 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Blackstone by 9.9% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,931 shares of the asset manager’s stock valued at $254,000 after buying an additional 174 shares during the last quarter. Wedmont Private Capital raised its stake in Blackstone by 7.1% during the 1st quarter. Wedmont Private Capital now owns 5,591 shares of the asset manager’s stock valued at $738,000 after buying an additional 373 shares during the last quarter. BTC Capital Management Inc. purchased a new stake in shares of Blackstone during the 1st quarter valued at about $418,000. Finally, International Assets Investment Management LLC raised its holdings in Blackstone by 2.3% in the 1st quarter. International Assets Investment Management LLC now owns 28,305 shares of the asset manager’s stock worth $3,709,000 after purchasing an additional 625 shares during the period. 70.00% of the stock is owned by hedge funds and other institutional investors.

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.