Div Capital Phoenix Assets Ltd bought a new stake in shares of Blackstone Inc. (NYSE:BX – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,454 shares of the asset manager’s stock, valued at approximately $1,149,000. Blackstone comprises approximately 0.3% of Div Capital Phoenix Assets Ltd’s investment portfolio, making the stock its 12th biggest holding.
Several other institutional investors also recently made changes to their positions in BX. Norges Bank bought a new position in shares of Blackstone during the fourth quarter valued at approximately $1,275,747,000. Capital Research Global Investors grew its holdings in shares of Blackstone by 99.2% during the fourth quarter. Capital Research Global Investors now owns 6,381,767 shares of the asset manager’s stock valued at $983,690,000 after purchasing an additional 3,178,133 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Blackstone by 1.9% during the third quarter. Vanguard Group Inc. now owns 70,827,437 shares of the asset manager’s stock valued at $12,100,868,000 after purchasing an additional 1,335,060 shares during the last quarter. Close Asset Management Ltd grew its holdings in shares of Blackstone by 16,035.1% during the third quarter. Close Asset Management Ltd now owns 1,140,264 shares of the asset manager’s stock valued at $194,746,000 after purchasing an additional 1,133,197 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Blackstone by 115.4% during the second quarter. Canada Pension Plan Investment Board now owns 1,088,786 shares of the asset manager’s stock valued at $162,861,000 after purchasing an additional 583,384 shares during the last quarter. 70.00% of the stock is owned by institutional investors.
Insider Transactions at Blackstone
In other news, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the business’s stock in a transaction on Friday, March 20th. The stock was purchased at an average cost of $26.15 per share, for a total transaction of $75,000,004.35. Following the completion of the transaction, the insider directly owned 18,628,295 shares of the company’s stock, valued at approximately $487,129,914.25. This trade represents a 18.20% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ruth Porat acquired 355 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $123.04 per share, with a total value of $43,679.20. Following the transaction, the director directly owned 41,818 shares in the company, valued at approximately $5,145,286.72. The trade was a 0.86% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 12,355,303 shares of company stock valued at $264,789,896 over the last three months. 1.00% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Blackstone
Blackstone Stock Performance
BX opened at $120.67 on Friday. The company has a market capitalization of $89.65 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 1.29 and a beta of 1.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76. Blackstone Inc. has a 1-year low of $101.73 and a 1-year high of $190.09. The business has a 50 day moving average price of $119.81 and a two-hundred day moving average price of $131.09.
Blackstone (NYSE:BX – Get Free Report) last released its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.45 billion. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 earnings per share. Research analysts predict that Blackstone Inc. will post 5.9 EPS for the current fiscal year.
Blackstone Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, May 4th. Blackstone’s dividend payout ratio is 118.67%.
Blackstone 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.
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