Invictus Private Wealth LLC Makes New Investment in Blackstone Inc. $BX

Invictus Private Wealth LLC bought a new stake in Blackstone Inc. (NYSE:BX) in the second quarter, HoldingsChannel.com reports. The firm bought 2,080 shares of the asset manager’s stock, valued at approximately $311,000.

Other institutional investors also recently modified their holdings of the company. 1248 Management LLC bought a new stake in shares of Blackstone in the first quarter valued at about $25,000. von Borstel & Associates Inc. bought a new stake in shares of Blackstone in the first quarter valued at about $28,000. Wealth Preservation Advisors LLC bought a new stake in shares of Blackstone in the first quarter valued at about $28,000. Anderson Financial Strategies LLC bought a new stake in shares of Blackstone in the first quarter valued at about $28,000. Finally, Family CFO Inc bought a new stake in shares of Blackstone in the second quarter valued at about $28,000. Institutional investors own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BX. Barclays dropped their price target on Blackstone from $181.00 to $171.00 and set an “equal weight” rating for the company in a research note on Wednesday. Dbs Bank raised Blackstone to a “moderate buy” rating in a research note on Tuesday, August 12th. Jefferies Financial Group dropped their price target on Blackstone from $207.00 to $199.00 and set a “buy” rating for the company in a research note on Tuesday. Piper Sandler dropped their price target on Blackstone from $181.00 to $173.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, JMP Securities boosted their target price on Blackstone from $180.00 to $195.00 and gave the stock a “market outperform” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Blackstone has a consensus rating of “Moderate Buy” and a consensus price target of $179.00.

Insider Buying and Selling at Blackstone

In other Blackstone news, insider John G. Finley sold 21,500 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $171.46, for a total transaction of $3,686,390.00. Following the completion of the sale, the insider owned 453,836 shares of the company’s stock, valued at approximately $77,814,720.56. This represents a 4.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vikrant Sawhney sold 50,850 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $173.64, for a total transaction of $8,829,594.00. Following the sale, the insider directly owned 737,248 shares of the company’s stock, valued at $128,015,742.72. This represents a 6.45% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 3,727,877 shares of company stock worth $95,046,625 and have sold 16,984,634 shares worth $155,181,346. 1.00% of the stock is owned by company insiders.

Blackstone Stock Performance

Blackstone stock opened at $153.88 on Friday. The business has a 50 day moving average of $172.53 and a 200-day moving average of $154.17. Blackstone Inc. has a 1 year low of $115.66 and a 1 year high of $200.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $113.42 billion, a P/E ratio of 41.37, a P/E/G ratio of 1.31 and a beta of 1.77.

Blackstone (NYSE:BX) last released its quarterly earnings data on Friday, November 22nd. The asset manager reported $0.97 earnings per share (EPS) for the quarter. Blackstone had a return on equity of 20.47% and a net margin of 20.83%.The company had revenue of $2.49 billion during the quarter. On average, equities research analysts predict that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, August 4th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. This is a boost from Blackstone’s previous quarterly dividend of $0.93. Blackstone’s payout ratio is currently 110.75%.

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.