Compagnie Lombard Odier SCmA Has $59.26 Million Holdings in Blackstone Inc. $BX

Compagnie Lombard Odier SCmA decreased its stake in Blackstone Inc. (NYSE:BXFree Report) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 384,440 shares of the asset manager’s stock after selling 50,713 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Blackstone were worth $59,258,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Redwood Financial Network Corp increased its holdings in shares of Blackstone by 1.8% during the 2nd quarter. Redwood Financial Network Corp now owns 3,588 shares of the asset manager’s stock worth $537,000 after purchasing an additional 65 shares during the period. Obermeyer Wealth Partners lifted its stake in shares of Blackstone by 2.3% in the third quarter. Obermeyer Wealth Partners now owns 2,993 shares of the asset manager’s stock valued at $511,000 after buying an additional 66 shares during the period. Klingman & Associates LLC increased its stake in Blackstone by 0.4% during the third quarter. Klingman & Associates LLC now owns 15,116 shares of the asset manager’s stock valued at $2,583,000 after acquiring an additional 67 shares during the period. Lazari Capital Management Inc. raised its holdings in Blackstone by 4.5% in the 3rd quarter. Lazari Capital Management Inc. now owns 1,578 shares of the asset manager’s stock valued at $270,000 after acquiring an additional 68 shares in the last quarter. Finally, MidWestOne Financial Group Inc. lifted its position in shares of Blackstone by 0.8% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,335 shares of the asset manager’s stock worth $1,424,000 after acquiring an additional 70 shares during the period. 70.00% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

BX has been the subject of a number of recent research reports. TD Cowen cut their target price on Blackstone from $183.00 to $164.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. BNP Paribas Exane lowered their price target on shares of Blackstone from $167.00 to $156.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Evercore reduced their price objective on shares of Blackstone from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, January 30th. Rothschild & Co Redburn lowered their target price on shares of Blackstone from $165.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Blackstone in a research note on Wednesday, January 21st. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Blackstone currently has a consensus rating of “Moderate Buy” and an average price target of $164.00.

Get Our Latest Research Report on BX

Insider Activity at Blackstone

In other Blackstone news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of Blackstone stock in a transaction on Friday, February 27th. The stock was sold at an average price of $10.00, for a total value of $15,961,420.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the stock in a transaction dated Friday, March 20th. The stock was acquired at an average price of $26.15 per share, with a total value of $75,000,004.35. Following the completion of the purchase, the insider owned 18,628,295 shares of the company’s stock, valued at $487,129,914.25. This represents a 18.20% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Blackstone Stock Down 0.5%

Shares of NYSE BX opened at $114.40 on Thursday. The business has a fifty day moving average of $122.46 and a two-hundred day moving average of $144.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.76 and a current ratio of 0.76. Blackstone Inc. has a 52-week low of $101.73 and a 52-week high of $190.09. The stock has a market cap of $84.90 billion, a PE ratio of 29.48, a PEG ratio of 0.91 and a beta of 1.79.

Blackstone (NYSE:BXGet Free Report) last announced its earnings results on Thursday, January 29th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.21. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The firm’s revenue for the quarter was up 41.4% on a year-over-year basis. During the same quarter last year, the company posted $1.69 EPS. As a group, equities research analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were issued a $1.49 dividend. This represents a $5.96 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, February 9th. This is an increase from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s dividend payout ratio (DPR) is presently 153.61%.

Blackstone Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Blackstone (NYSE:BX)

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