Blackstone Inc. $BX Shares Sold by Capitolis Liquid Global Markets LLC

Capitolis Liquid Global Markets LLC trimmed its holdings in Blackstone Inc. (NYSE:BX) by 46.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,947 shares of the asset manager’s stock after selling 146,153 shares during the quarter. Capitolis Liquid Global Markets LLC’s holdings in Blackstone were worth $25,887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of BX. Family CFO Inc purchased a new stake in Blackstone during the fourth quarter valued at about $28,000. Ares Financial Consulting LLC purchased a new stake in Blackstone during the fourth quarter valued at about $28,000. Richardson Financial Services Inc. purchased a new stake in Blackstone during the fourth quarter valued at about $29,000. Redmont Wealth Advisors LLC purchased a new stake in Blackstone during the third quarter valued at about $30,000. Finally, Strive Asset Management LLC purchased a new stake in Blackstone during the third quarter valued at about $30,000. 70.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Sanford C. Bernstein assumed coverage on shares of Blackstone in a research note on Monday, June 8th. They set an “outperform” rating for the company. Morgan Stanley dropped their target price on Blackstone from $215.00 to $184.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Dbs Bank upgraded Blackstone to a “moderate buy” rating in a report on Wednesday, May 27th. HSBC dropped their target price on Blackstone from $164.00 to $131.00 and set a “hold” rating on the stock in a report on Friday, April 10th. Finally, Evercore reiterated an “outperform” rating and issued a $150.00 target price on shares of Blackstone in a report on Tuesday, April 21st. Thirteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, Blackstone has a consensus rating of “Moderate Buy” and a consensus price target of $150.86.

Blackstone Trading Down 2.3%

NYSE:BX opened at $124.89 on Thursday. The stock’s 50 day moving average price is $120.76 and its 200 day moving average price is $130.56. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $190.09. The company has a market capitalization of $92.78 billion, a P/E ratio of 31.94, a P/E/G ratio of 1.39 and a beta of 1.59. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.76 and a current ratio of 0.76.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. On average, research analysts forecast that Blackstone Inc. will post 5.9 EPS for the current fiscal year.

Blackstone Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.64 dividend on an annualized basis and a yield of 3.7%. Blackstone’s dividend payout ratio is presently 118.67%.

Insider Buying and Selling

In related news, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was purchased at an average price of $26.15 per share, with a total value of $75,000,004.35. Following the completion of the transaction, the insider directly owned 18,628,295 shares of the company’s stock, valued at $487,129,914.25. This trade represents a 18.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ruth Porat bought 355 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $123.04 per share, with a total value of $43,679.20. Following the transaction, the director directly owned 41,818 shares of the company’s stock, valued at approximately $5,145,286.72. This trade represents a 0.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 12,355,303 shares of company stock worth $264,789,896 over the last ninety days. Company insiders own 1.00% of the company’s stock.

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.