Blackstone Inc. (NYSE:BX) Shares Sold by VAUGHAN & Co SECURITIES INC.

VAUGHAN & Co SECURITIES INC. decreased its holdings in shares of Blackstone Inc. (NYSE:BX) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,610 shares of the asset manager’s stock after selling 195 shares during the quarter. Blackstone makes up approximately 0.5% of VAUGHAN & Co SECURITIES INC.’s holdings, making the stock its 24th biggest holding. VAUGHAN & Co SECURITIES INC.’s holdings in Blackstone were worth $795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. West Financial Advisors LLC acquired a new stake in shares of Blackstone in the third quarter valued at approximately $27,000. Bangor Savings Bank grew its stake in shares of Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after purchasing an additional 105 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in Blackstone in the fourth quarter worth about $28,000. Berbice Capital Management LLC bought a new stake in shares of Blackstone during the 4th quarter worth about $34,000. Finally, Raleigh Capital Management Inc. raised its holdings in Blackstone by 32.1% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after purchasing an additional 62 shares in the last quarter. 70.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Evercore ISI lifted their target price on Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Piper Sandler upped their price target on Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. JPMorgan Chase & Co. upped their target price on Blackstone from $149.00 to $154.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Cowen reiterated a “hold” rating on shares of Blackstone in a report on Friday, October 18th. Finally, UBS Group upped their price target on shares of Blackstone from $170.00 to $180.00 and gave the company a “neutral” rating in a research report on Monday. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $172.38.

Blackstone Stock Performance

Shares of NYSE BX opened at $174.99 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71. The firm has a market cap of $126.34 billion, a price-to-earnings ratio of 48.21, a P/E/G ratio of 1.18 and a beta of 1.53. Blackstone Inc. has a one year low of $115.82 and a one year high of $200.96. The stock’s fifty day moving average price is $179.34 and its two-hundred day moving average price is $163.11.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 earnings per share 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%. On average, equities analysts forecast that Blackstone Inc. will post 5.86 EPS for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be issued a dividend of $1.44 per share. The ex-dividend date is Monday, February 10th. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a dividend yield of 3.29%. Blackstone’s payout ratio is 94.77%.

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.