Integral Investment Advisors Inc. Sells 112 Shares of Blackstone Inc. (NYSE:BX)

Integral Investment Advisors Inc. lowered its stake in shares of Blackstone Inc. (NYSE:BX) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,727 shares of the asset manager’s stock after selling 112 shares during the quarter. Integral Investment Advisors Inc.’s holdings in Blackstone were worth $298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BX. Jennison Associates LLC increased its holdings in Blackstone by 111.1% in the 4th quarter. Jennison Associates LLC now owns 973,348 shares of the asset manager’s stock valued at $167,825,000 after buying an additional 512,165 shares during the period. Castleark Management LLC bought a new stake in Blackstone in the 3rd quarter valued at $67,472,000. State Street Corp increased its holdings in Blackstone by 1.2% in the 3rd quarter. State Street Corp now owns 30,020,426 shares of the asset manager’s stock valued at $4,597,028,000 after buying an additional 348,751 shares during the period. Geode Capital Management LLC increased its holdings in Blackstone by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 14,896,413 shares of the asset manager’s stock valued at $2,272,227,000 after buying an additional 336,308 shares during the period. Finally, Pathway Financial Advisers LLC boosted its stake in shares of Blackstone by 15,294.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 236,453 shares of the asset manager’s stock valued at $36,208,000 after purchasing an additional 234,917 shares in the last quarter. Institutional investors own 70.00% of the company’s stock.

Insider Activity

In other Blackstone news, Director Ruth Porat bought 301 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $164.85 per share, with a total value of $49,619.85. Following the purchase, the director now owns 36,829 shares in the company, valued at $6,071,260.65. This trade represents a 0.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Blackstone Stock Performance

Blackstone stock opened at $158.21 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96. The company has a market cap of $114.23 billion, a PE ratio of 43.58, a PEG ratio of 1.07 and a beta of 1.53. The company’s 50-day moving average is $173.58 and its two-hundred day moving average is $165.48.

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

Blackstone Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on BX. Keefe, Bruyette & Woods boosted their target price on shares of 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 shares of Blackstone from $170.00 to $180.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on shares of Blackstone from $149.00 to $154.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. BMO Capital Markets boosted their target price on shares of Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Finally, Piper Sandler upped their price target on shares of Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $172.38.

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.