Integral Investment Advisors Inc. Has $298,000 Stock Position in Blackstone Inc. (NYSE:BX)

Integral Investment Advisors Inc. lowered its position in shares of Blackstone Inc. (NYSE:BX) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,727 shares of the asset manager’s stock after selling 112 shares during the quarter. Integral Investment Advisors Inc.’s holdings in Blackstone were worth $298,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bangor Savings Bank boosted its position in Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after acquiring an additional 105 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in Blackstone during the 4th quarter worth approximately $28,000. Centricity Wealth Management LLC acquired a new position in Blackstone during the 4th quarter worth approximately $30,000. Roxbury Financial LLC acquired a new stake in shares of Blackstone in the 4th quarter valued at approximately $34,000. Finally, Berbice Capital Management LLC acquired a new stake in shares of Blackstone in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Piper Sandler increased their price objective on Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft raised their price target on Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com downgraded Blackstone from a “buy” rating to a “hold” rating in a report on Friday, January 31st. TD Cowen raised Blackstone from a “hold” rating to a “buy” rating and raised their price target for the company from $149.00 to $230.00 in a report on Monday, December 9th. Finally, UBS Group raised their price target on Blackstone from $170.00 to $180.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $172.38.

Insider Buying and Selling

In other Blackstone news, Director Ruth Porat bought 301 shares of the stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $164.85 per share, for a total transaction of $49,619.85. Following the completion of the acquisition, the director now owns 36,829 shares in the company, valued at $6,071,260.65. This trade represents a 0.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is owned by insiders.

Blackstone Stock Performance

Blackstone stock opened at $158.21 on Friday. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $173.58 and its two-hundred day moving average price is $165.48. The stock has a market cap of $114.23 billion, a PE ratio of 43.58, a P/E/G ratio of 1.07 and a beta of 1.53.

Blackstone (NYSE:BX) last released its earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. As a group, analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a $1.44 dividend. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Monday, February 10th. Blackstone’s payout ratio is currently 158.68%.

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.