Blackstone Inc. (NYSE:BX) Stock Position Increased by Oxbow Advisors LLC

Oxbow Advisors LLC lifted its position in Blackstone Inc. (NYSE:BX) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 24,736 shares of the asset manager’s stock after buying an additional 198 shares during the quarter. Oxbow Advisors LLC’s holdings in Blackstone were worth $4,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bangor Savings Bank grew its holdings in shares of Blackstone by 187.5% in the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after acquiring an additional 105 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Blackstone in the 4th quarter worth $28,000. Centricity Wealth Management LLC acquired a new position in shares of Blackstone in the 4th quarter worth $30,000. Berbice Capital Management LLC acquired a new position in shares of Blackstone in the 4th quarter worth $34,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Blackstone during the fourth quarter valued at $34,000. Institutional investors own 70.00% of the company’s stock.

Insider Buying and Selling at Blackstone

In related news, Director Ruth Porat acquired 301 shares of the stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $164.85 per share, for a total transaction of $49,619.85. Following the purchase, the director now owns 36,829 shares in the company, valued at approximately $6,071,260.65. This trade represents a 0.82 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BX. Wells Fargo & Company lowered their price target on Blackstone from $195.00 to $180.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Citigroup lifted their price target on Blackstone from $170.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods boosted their target price on Blackstone from $174.00 to $177.00 and gave the company a “market perform” rating in a research note on Friday, January 31st. UBS Group boosted their target price on Blackstone from $170.00 to $180.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price target on Blackstone from $149.00 to $154.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $172.38.

Blackstone Price Performance

NYSE BX opened at $158.21 on Friday. Blackstone Inc. has a twelve month low of $115.82 and a twelve month high of $200.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. The stock has a market capitalization of $114.23 billion, a PE ratio of 43.58, a P/E/G ratio of 1.09 and a beta of 1.53. The stock has a 50-day simple moving average of $173.58 and a 200 day simple moving average of $165.23.

Blackstone (NYSE:BX) last posted its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, beating the consensus estimate of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. Research analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a $1.44 dividend. This is a boost from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.76 annualized dividend and a yield of 3.64%. Blackstone’s dividend payout ratio is 158.68%.

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.