Blackstone Inc. $BX Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its position in shares of Blackstone Inc. (NYSE:BX) by 1.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 300,392 shares of the asset manager’s stock after purchasing an additional 4,552 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Blackstone were worth $35,919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strive Asset Management LLC bought a new position in shares of Blackstone during the third quarter worth about $30,000. Kelleher Financial Advisors acquired a new position in Blackstone during the 3rd quarter valued at about $34,000. Palladiem LLC bought a new position in Blackstone in the 4th quarter worth about $31,000. Entrust Financial LLC bought a new stake in shares of Blackstone during the fourth quarter valued at approximately $32,000. Finally, IFC & Insurance Marketing Inc. bought a new position in Blackstone in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Buying and Selling at Blackstone

In related news, insider John G. Finley sold 45,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $147.11, for a total value of $6,619,950.00. Following the completion of the transaction, the insider owned 516,017 shares in the company, valued at $75,911,260.87. This trade represents a 8.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO David Payne sold 9,500 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $145.23, for a total value of $1,379,685.00. Following the sale, the chief accounting officer owned 64,448 shares in the company, valued at approximately $9,359,783.04. The trade was a 12.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders purchased 1,611,822 shares of company stock worth $42,189,294 and sold 7,562,000 shares worth $40,331,085. 1.00% of the stock is owned by insiders.

Blackstone Price Performance

Shares of NYSE BX opened at $136.07 on Friday. Blackstone Inc. has a twelve month low of $101.73 and a twelve month high of $190.09. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average of $132.74 and a two-hundred day moving average of $123.14. The company has a market capitalization of $102.14 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 1.55 and a beta of 1.56.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, July 23rd. The asset manager reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.18. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. The company had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The business’s revenue was up 35.9% compared to the same quarter last year. As a group, analysts expect that Blackstone Inc. will post 5.99 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a $1.29 dividend. This is an increase from Blackstone’s previous quarterly dividend of $1.16. This represents a $5.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, August 3rd. Blackstone’s dividend payout ratio is currently 115.44%.

Wall Street Analysts Forecast Growth

BX has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on Blackstone from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Sanford C. Bernstein assumed coverage on Blackstone in a report on Monday, June 8th. They set an “outperform” rating on the stock. Citizens Jmp reduced their price objective on shares of Blackstone from $190.00 to $165.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Rothschild & Co Redburn lowered their target price on shares of Blackstone from $134.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Finally, Dbs Bank raised shares of Blackstone to a “moderate buy” rating in a research note on Wednesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.43.

Blackstone 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.