Blackstone Inc. (NYSE:BX – Get Free Report) Director Joseph Baratta bought 100,000 shares of the agency’s inventory in a transaction that occurred on Tuesday, August fifth. The inventory was bought at a mean worth of $167.36, for a complete transaction of $16,736,000.00. Following the sale, the director instantly owned 808,757 shares within the firm, valued at roughly $135,353,571.52. The commerce was a 11.00% lower of their place. The transaction was disclosed in a submitting with the SEC, which may be accessed by way of the SEC website.

Blackstone Worth Efficiency

Shares of NYSE BX opened at $169.43 on Thursday. The agency has a market capitalization of $123.62 billion, a P/E ratio of 45.54, a PEG ratio of 1.37 and a beta of 1.71. Blackstone Inc. has a one yr low of $115.66 and a one yr excessive of $200.96. The corporate’s fifty day shifting common is $154.41 and its two-hundred day shifting common is $150.68. The corporate has a debt-to-equity ratio of 0.61, a fast ratio of 0.75 and a present ratio of 0.74.

Blackstone (NYSE:BX – Get Free Report) final issued its earnings outcomes on Thursday, July twenty fourth. The asset supervisor reported $1.21 EPS for the quarter, topping the consensus estimate of $1.10 by $0.11. The corporate had income of $3.07 billion for the quarter, in comparison with analyst estimates of $2.77 billion. Blackstone had a web margin of 20.83% and a return on fairness of 20.47%. The enterprise’s income was up 32.7% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the agency earned $0.98 EPS. Analysts forecast that Blackstone Inc. will put up 5.87 EPS for the present fiscal yr.

Blackstone Will increase Dividend

---

---

The agency additionally lately disclosed a quarterly dividend, which shall be paid on Monday, August eleventh. Traders of report on Monday, August 4th shall be given a $1.03 dividend. The ex-dividend date is Monday, August 4th. This represents a $4.12 annualized dividend and a dividend yield of two.4%. This can be a increase from Blackstone’s earlier quarterly dividend of $0.93. Blackstone’s payout ratio is presently 110.75%.

Institutional Traders Weigh In On Blackstone

Institutional traders and hedge funds have lately made adjustments to their positions within the enterprise. Illinois Municipal Retirement Fund boosted its place in shares of Blackstone by 105.4% within the 1st quarter. Illinois Municipal Retirement Fund now owns 13,405 shares of the asset supervisor’s inventory value $1,874,000 after shopping for an extra 6,878 shares within the final quarter. Lord Abbett & CO. LLC bought a brand new stake in shares of Blackstone within the 4th quarter value about $63,109,000. Parallel Advisors LLC boosted its place in shares of Blackstone by 6.6% within the 1st quarter. Parallel Advisors LLC now owns 31,212 shares of the asset supervisor’s inventory value $4,363,000 after shopping for an extra 1,943 shares within the final quarter. Complete Cash Administration Companies LLC bought a brand new stake in shares of Blackstone within the 4th quarter value about $1,747,000. Lastly, Narwhal Capital Administration boosted its place in shares of Blackstone by 34.3% within the 1st quarter. Narwhal Capital Administration now owns 64,614 shares of the asset supervisor’s inventory value $9,032,000 after shopping for an extra 16,486 shares within the final quarter. 70.00% of the inventory is at present owned by hedge funds and different institutional traders.

Analysts Set New Worth Targets

Various equities analysts have lately commented on BX shares. UBS Group minimize their goal worth on shares of Blackstone from $180.00 to $175.00 and set a “purchase” ranking on the inventory in a report on Tuesday, April twenty second. Citigroup reaffirmed a “market carry out” ranking on shares of Blackstone in a report on Saturday, July nineteenth. Evercore ISI lifted their goal worth on shares of Blackstone from $165.00 to $197.00 and gave the corporate an “outperform” ranking in a report on Friday, July twenty fifth. Morgan Stanley minimize their goal worth on shares of Blackstone from $222.00 to $150.00 and set an “chubby” ranking on the inventory in a report on Monday, April 14th. Lastly, JMP Securities lifted their goal worth on shares of Blackstone from $180.00 to $195.00 and gave the corporate a “market outperform” ranking in a report on Friday, July twenty fifth. Ten funding analysts have rated the inventory with a maintain ranking and 9 have given a purchase ranking to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, the inventory presently has a consensus ranking of “Maintain” and a consensus worth goal of $170.12.

View Our Latest Stock Report on BX

About Blackstone

(Get Free Report)

Blackstone Inc is another asset administration agency specializing in actual property, non-public 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 corporations. It additionally present capital markets providers.

Advisable Tales

This immediate information alert was generated by narrative science expertise and monetary knowledge from InsiderTrades.com as a way to present readers with the quickest and most correct reporting. This story was reviewed by InsiderTrades.com’s editorial workforce previous to publication. Please ship any questions or feedback about this story to [email protected].