Excalibur Management Corp Has $700,000 Stock Holdings in Blackstone Inc. $BX

Excalibur Management Corp trimmed its position in Blackstone Inc. (NYSE:BX) by 24.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,683 shares of the asset manager’s stock after selling 1,475 shares during the quarter. Excalibur Management Corp’s holdings in Blackstone were worth $700,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Blackstone by 34.6% in 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 during the period. Greenleaf Trust lifted its stake in Blackstone by 106.3% in the first quarter. Greenleaf Trust now owns 13,339 shares of the asset manager’s stock valued at $1,865,000 after buying an additional 6,874 shares during the period. Cornerstone Planning Group LLC boosted its holdings in Blackstone by 1,137.3% during the first quarter. Cornerstone Planning Group LLC now owns 730 shares of the asset manager’s stock worth $102,000 after buying an additional 671 shares during the last quarter. Banque Pictet & Cie SA increased its stake in shares of Blackstone by 28.8% in the 1st quarter. Banque Pictet & Cie SA now owns 40,543 shares of the asset manager’s stock valued at $5,667,000 after acquiring an additional 9,071 shares during the last quarter. Finally, Quotient Wealth Partners LLC boosted its stake in Blackstone by 5.4% during the 1st quarter. Quotient Wealth Partners LLC now owns 2,878 shares of the asset manager’s stock worth $402,000 after acquiring an additional 148 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Stock Down 0.6%

NYSE:BX opened at $143.50 on Friday. The company has a market cap of $105.77 billion, a PE ratio of 41.00, a PEG ratio of 1.18 and a beta of 1.76. The stock has a 50-day simple moving average of $166.31 and a 200 day simple moving average of $156.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.75. Blackstone Inc. has a 52-week low of $115.66 and a 52-week high of $200.96.

Blackstone (NYSE:BX) last issued its quarterly earnings results on Friday, November 22nd. The asset manager reported $0.97 earnings per share for the quarter. The company had revenue of $2.49 billion during the quarter. Blackstone had a net margin of 20.56% and a return on equity of 22.30%. On average, sell-side analysts expect that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Monday, November 3rd will be paid a dividend of $1.29 per share. The ex-dividend date is Monday, November 3rd. This represents a $5.16 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from Blackstone’s previous quarterly dividend of $1.03. Blackstone’s dividend payout ratio (DPR) is currently 147.43%.

Analyst Upgrades and Downgrades

BX has been the topic of several analyst reports. Jefferies Financial Group cut their target price on shares of Blackstone from $207.00 to $199.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Evercore ISI dropped their price objective on Blackstone from $197.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. TD Cowen lowered their price target on Blackstone from $208.00 to $205.00 and set a “buy” rating for the company in a report on Friday, October 24th. JPMorgan Chase & Co. cut their price objective on Blackstone from $177.00 to $176.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Finally, Dbs Bank raised Blackstone to a “moderate buy” rating in a research note on Tuesday, August 12th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.74.

Insiders Place Their Bets

In related news, Director Joseph Baratta sold 113,000 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $175.69, for a total transaction of $19,852,970.00. Following the transaction, the director directly owned 695,757 shares in the company, valued at approximately $122,237,547.33. The trade was a 13.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John G. Finley sold 21,500 shares of the stock in a transaction 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 SEC filing for this sale provides additional information. In the last quarter, insiders have acquired 2,565,415 shares of company stock valued at $69,037,981 and have sold 16,875,234 shares valued at $136,847,628. Insiders own 1.00% of the company’s stock.

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.