Robeco Institutional Asset Management B.V. Has $2.84 Million Position in Blackstone Inc. $BX

Robeco Institutional Asset Management B.V. lifted its position in Blackstone Inc. (NYSE:BX) by 109.9% during the 3rd quarter, Holdings Channel reports. The firm owned 16,637 shares of the asset manager’s stock after buying an additional 8,709 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Blackstone were worth $2,842,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Blackstone by 34.6% during the 4th quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager’s stock valued at $1,365,000 after purchasing an additional 2,035 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Blackstone by 6.8% in the first quarter. Geneos Wealth Management Inc. now owns 5,277 shares of the asset manager’s stock valued at $738,000 after buying an additional 334 shares during the last quarter. Modern Wealth Management LLC grew its holdings in Blackstone by 3.2% during the 1st quarter. Modern Wealth Management LLC now owns 13,035 shares of the asset manager’s stock worth $1,822,000 after acquiring an additional 404 shares during the last quarter. Invst LLC bought a new position in shares of Blackstone in the first quarter worth about $891,000. Finally, 1248 Management LLC acquired a new stake in shares of Blackstone in the first quarter valued at approximately $34,000. 70.00% of the stock is owned by institutional investors.

Blackstone Stock Performance

Shares of BX opened at $157.76 on Friday. Blackstone Inc. has a one year low of $115.66 and a one year high of $190.09. The company has a market cap of $116.50 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 1.11 and a beta of 1.75. The firm has a 50-day moving average of $149.54 and a 200-day moving average of $160.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75.

Blackstone (NYSE:BX) last announced its quarterly earnings results on Friday, November 22nd. The asset manager reported $0.97 earnings per share (EPS) for the quarter. Blackstone had a return on equity of 22.30% and a net margin of 20.56%.The business had revenue of $2.49 billion during the quarter. As a group, equities analysts forecast 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 Monday, November 10th. Investors of record on Monday, November 3rd were paid a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 3.3%. This is a boost from Blackstone’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, November 3rd. Blackstone’s payout ratio is presently 147.43%.

Insider Activity

In other news, Director James Breyer acquired 13,900 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average price of $143.86 per share, with a total value of $1,999,654.00. Following the acquisition, the director directly owned 68,906 shares in the company, valued at $9,912,817.16. The trade was a 25.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. Following the completion of the sale, the insider directly owned 2,161 shares of the company’s stock, valued at approximately $21,610. The trade was a 99.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have bought 797,148 shares of company stock valued at $24,050,153. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

BX has been the topic of a number of recent research reports. Jefferies Financial Group reduced their price objective on shares of Blackstone from $199.00 to $187.00 in a research note on Monday, November 10th. Citigroup dropped their price objective on Blackstone from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, October 13th. JMP Securities restated a “market outperform” rating and set a $195.00 target price on shares of Blackstone in a report on Friday, October 24th. JPMorgan Chase & Co. decreased their price objective on shares of Blackstone from $177.00 to $176.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Blackstone from $164.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Blackstone presently has an average rating of “Moderate Buy” and a consensus price target of $179.89.

Blackstone Company Profile

Blackstone Inc (NYSE: BX) is a global investment firm focused on alternative asset management. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and headquartered in New York City, the firm organizes and manages investment vehicles that acquire and operate businesses, real estate and credit investments, as well as provide hedge fund solutions and other alternative strategies for institutional and individual investors.

Blackstone’s business is organized around several principal investment platforms.