San Luis Wealth Advisors LLC Has $632,000 Stock Holdings in Blackstone Inc. (NYSE:BX)

San Luis Wealth Advisors LLC decreased its position in shares of Blackstone Inc. (NYSE:BX) by 48.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,664 shares of the asset manager’s stock after selling 3,477 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in Blackstone were worth $632,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BX. Glen Eagle Advisors LLC boosted its holdings in shares of Blackstone by 1.8% in the 3rd quarter. Glen Eagle Advisors LLC now owns 3,251 shares of the asset manager’s stock valued at $498,000 after purchasing an additional 59 shares in the last quarter. Investmark Advisory Group LLC raised its stake in Blackstone by 2.4% during the third quarter. Investmark Advisory Group LLC now owns 2,608 shares of the asset manager’s stock worth $399,000 after acquiring an additional 60 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Blackstone by 32.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 62 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in Blackstone by 2.3% in the third quarter. Capital Advisors Ltd. LLC now owns 2,787 shares of the asset manager’s stock valued at $427,000 after buying an additional 62 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its holdings in shares of Blackstone by 2.7% during the third quarter. Fidelis Capital Partners LLC now owns 2,374 shares of the asset manager’s stock worth $396,000 after buying an additional 62 shares in the last quarter. 70.00% of the stock is owned by institutional investors.

Blackstone Stock Up 2.1 %

BX stock opened at $169.27 on Wednesday. The business’s 50 day moving average price is $180.70 and its two-hundred day moving average price is $157.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $122.21 billion, a price-to-earnings ratio of 58.17, a price-to-earnings-growth ratio of 1.63 and a beta of 1.53. Blackstone Inc. has a fifty-two week low of $114.88 and a fifty-two week high of $200.96.

Blackstone (NYSE:BX) last announced its quarterly earnings results on Thursday, October 17th. The asset manager reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.10. Blackstone had a net margin of 19.46% and a return on equity of 17.53%. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.37 billion. As a group, analysts forecast that Blackstone Inc. will post 4.43 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, October 28th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.03%. This is an increase from Blackstone’s previous quarterly dividend of $0.82. The ex-dividend date was Monday, October 28th. Blackstone’s dividend payout ratio (DPR) is presently 118.21%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BX shares. Cowen reaffirmed a “hold” rating on shares of Blackstone in a report on Friday, October 18th. The Goldman Sachs Group raised their price objective on shares of Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Bank of America upped their price target on shares of Blackstone from $171.00 to $192.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods decreased their price objective on Blackstone from $175.00 to $174.00 and set a “market perform” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. raised their price objective on Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $169.56.

Insider Buying and Selling

In other news, insider John G. Finley sold 42,249 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the transaction, the insider now owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. The trade was a 9.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Blackstone 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.