Jupiter Asset Management Ltd. Takes $10.11 Million Position in Blackstone Inc. (NYSE:BX)

Jupiter Asset Administration Ltd. bought a brand new stake in shares of Blackstone Inc. (NYSE:BX – Free Report) through the second quarter, in response to its most up-to-date disclosure with the Securities & Alternate Fee. The institutional investor bought 108,694 shares of the asset supervisor’s inventory, valued at roughly $10,105,000.

Different hedge funds and different institutional buyers have additionally just lately modified their holdings of the corporate. Graypoint LLC boosted its stake in shares of Blackstone by 0.3% within the second quarter. Graypoint LLC now owns 36,615 shares of the asset supervisor’s inventory price $3,404,000 after shopping for an extra 95 shares over the past quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Blackstone by 4.7% within the second quarter. Capital Advisors Ltd. LLC now owns 2,247 shares of the asset supervisor’s inventory price $209,000 after shopping for an extra 100 shares over the past quarter. Precept Wealth Companions LLC raised its holdings in Blackstone by 0.5% within the 2nd quarter. Precept Wealth Companions LLC now owns 19,817 shares of the asset supervisor’s inventory price $1,842,000 after buying an extra 100 shares through the interval. Clarius Group LLC raised its holdings in Blackstone by 1.1% within the 2nd quarter. Clarius Group LLC now owns 9,158 shares of the asset supervisor’s inventory price $851,000 after buying an extra 100 shares through the interval. Lastly, Means Funding CO. Inc. raised its holdings in Blackstone by 0.4% within the 2nd quarter. Means Funding CO. Inc. now owns 25,960 shares of the asset supervisor’s inventory price $2,414,000 after buying an extra 104 shares through the interval. 63.35% of the inventory is owned by institutional buyers.

Blackstone Buying and selling Up 1.2 %

Shares of Blackstone inventory opened at $104.96 on Friday. The agency has a market capitalization of $74.58 billion, a price-to-earnings ratio of 44.10, a PEG ratio of two.54 and a beta of 1.47. Blackstone Inc. has a fifty-two week low of $71.72 and a fifty-two week excessive of $116.78. The corporate has a debt-to-equity ratio of 0.69, a fast ratio of 0.84 and a present ratio of 0.84. The inventory has a 50 day transferring common of $103.32 and a 200 day transferring common of $97.67.

Blackstone (NYSE:BX – Get Free Report) final issued its quarterly earnings knowledge on Thursday, October nineteenth. The asset supervisor reported $0.94 earnings per share for the quarter, lacking the consensus estimate of $1.01 by ($0.07). The enterprise had income of $2.54 billion through the quarter, in comparison with analysts’ expectations of $2.60 billion. Blackstone had a return on fairness of 16.76% and a internet margin of 21.29%. The corporate’s income was up 140.2% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the corporate posted $1.06 earnings per share. As a bunch, analysis analysts predict that Blackstone Inc. will submit 3.9 earnings per share for the present 12 months.

Blackstone Will increase Dividend

The corporate additionally just lately declared a quarterly dividend, which was paid on Monday, November sixth. Stockholders of report on Monday, October thirtieth got a dividend of $0.80 per share. It is a constructive change from Blackstone’s earlier quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a dividend yield of three.05%. The ex-dividend date of this dividend was Friday, October twenty seventh. Blackstone’s dividend payout ratio (DPR) is at the moment 134.45%.

Insider Transactions at Blackstone

In different information, insider John G. Finley bought 29,900 shares of the agency’s inventory in a transaction on Monday, October thirtieth. The inventory was bought at a median value of $92.39, for a complete transaction of $2,762,461.00. Following the completion of the transaction, the insider now immediately owns 424,863 shares within the firm, valued at $39,253,092.57. The transaction was disclosed in a doc filed with the SEC, which is obtainable at this hyperlink. In associated information, insider John G. Finley bought 29,900 shares of Blackstone inventory in a transaction on Monday, October thirtieth. The inventory was bought at a median value of $92.39, for a complete worth of $2,762,461.00. Following the completion of the transaction, the insider now immediately owns 424,863 shares within the firm, valued at $39,253,092.57. The transaction was disclosed in a doc filed with the SEC, which is obtainable on the SEC web site. Additionally, main shareholder Holdings I/Ii Gp L. Blackstone bought 14,704,603 shares of Blackstone inventory in a transaction on Tuesday, August twenty second. The shares had been bought at a median value of $7.98, for a complete worth of $117,342,731.94. Following the completion of the transaction, the insider now owns 43,602 shares of the corporate’s inventory, valued at $347,943.96. The disclosure for this sale might be discovered right here. Insiders bought a complete of 14,812,942 shares of firm inventory price $128,543,218 during the last ninety days. Firm insiders personal 1.00% of the corporate’s inventory.

Wall Avenue Analyst Weigh In

Plenty of equities analysts just lately weighed in on BX shares. JPMorgan Chase & Co. minimize Blackstone from an “obese” score to a “impartial” score and upped their value goal for the inventory from $102.00 to $111.00 in a report on Friday, July twenty first. BMO Capital Markets diminished their value goal on Blackstone from $97.00 to $94.00 and set a “market carry out” score for the corporate in a report on Friday, October twentieth. Wolfe Analysis initiated protection on Blackstone in a report on Wednesday, October 4th. They set a “market carry out” score for the corporate. HSBC initiated protection on Blackstone in a report on Friday, October sixth. They set a “maintain” score and a $113.00 goal value for the corporate. Lastly, Wells Fargo & Firm diminished their goal value on Blackstone from $118.00 to $113.00 and set an “obese” score for the corporate in a report on Friday, October twentieth. One equities analysis analyst has rated the inventory with a promote score, six have issued a maintain score and eleven have issued a purchase score to the inventory. In accordance with MarketBeat, the corporate has a median score of “Average Purchase” and a consensus goal value of $110.22.

Get Our Newest Inventory Evaluation on Blackstone

About Blackstone

(Free Report)

Blackstone Inc is another asset administration agency specializing in actual property, personal fairness, hedge fund options, credit score, secondary funds of funds, public debt and fairness and multi-asset class methods. The agency sometimes invests in early-stage firms. It additionally present capital markets companies.

See Additionally

Wish to see what different hedge funds are holding BX? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Blackstone Inc. (NYSE:BX – Free Report).

Institutional Ownership by Quarter for Blackstone (NYSE:BX)

This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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