4,777 Shares in Blackstone Inc. $BX Acquired by Mosley Wealth Management

Mosley Wealth Management purchased a new position in shares of Blackstone Inc. (NYSE:BX) in the 4th quarter, Holdings Channel reports. The firm purchased 4,777 shares of the asset manager’s stock, valued at approximately $776,000.

Other large investors also recently made changes to their positions in the company. Family CFO Inc acquired a new stake in shares of Blackstone in the fourth quarter worth $28,000. Ares Financial Consulting LLC acquired a new stake in shares of Blackstone in the fourth quarter worth $28,000. Richardson Financial Services Inc. acquired a new stake in shares of Blackstone in the fourth quarter worth $29,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Blackstone in the third quarter worth $30,000. Finally, Strive Asset Management LLC acquired a new stake in shares of Blackstone in the third quarter worth $30,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Trading Up 1.9%

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 debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $89.65 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 1.29 and a beta of 1.59. The company’s fifty day moving average price is $119.81 and its two-hundred day moving average price is $131.09.

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

Blackstone Cuts Dividend

The firm also recently declared 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 was Monday, May 4th. Blackstone’s dividend payout ratio (DPR) is presently 118.67%.

Insider Buying and Selling

In other news, insider Vikrant Sawhney sold 30,014 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $125.79, for a total value of $3,775,461.06. Following the transaction, the insider directly owned 899,669 shares in the company, valued at approximately $113,169,363.51. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Holdings Iv Gp Mana Blackstone purchased 2,868,069 shares of Blackstone stock in a transaction dated Friday, March 20th. The stock was acquired at an average price of $26.15 per share, for a total transaction of $75,000,004.35. Following the completion of the transaction, the insider owned 18,628,295 shares in the company, valued at approximately $487,129,914.25. The trade was a 18.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 12,355,303 shares of company stock worth $264,789,896. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BX. BMO Capital Markets raised their price target on shares of Blackstone from $126.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Barclays lowered their price target on shares of Blackstone from $126.00 to $124.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Zacks Research raised shares of Blackstone from a “strong sell” rating to a “hold” rating in a report on Monday. Sanford C. Bernstein began coverage on shares of Blackstone in a report on Monday. They set an “outperform” rating for the company. Finally, Morgan Stanley lowered their price target on shares of Blackstone from $215.00 to $184.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Thirteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $150.86.

Blackstone Company 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.