Asset Management One Co. Ltd. Has $54.43 Million Holdings in Blackstone Inc. (NYSE:BX)

Asset Management One Co. Ltd. raised its stake in shares of Blackstone Inc. (NYSE:BX) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 312,820 shares of the asset manager’s stock after purchasing an additional 5,036 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Blackstone were worth $54,434,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC increased its holdings in Blackstone by 15,357.3% in the 3rd quarter. International Assets Investment Management LLC now owns 4,201,150 shares of the asset manager’s stock valued at $6,433,220,000 after buying an additional 4,173,971 shares during the period. Jennison Associates LLC increased its stake in Blackstone by 111.1% in the fourth quarter. Jennison Associates LLC now owns 973,348 shares of the asset manager’s stock valued at $167,825,000 after acquiring an additional 512,165 shares during the period. Castleark Management LLC bought a new position in Blackstone during the third quarter worth about $67,472,000. State Street Corp boosted its holdings in Blackstone by 1.2% during the third quarter. State Street Corp now owns 30,020,426 shares of the asset manager’s stock valued at $4,597,028,000 after purchasing an additional 348,751 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Blackstone by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 14,896,413 shares of the asset manager’s stock worth $2,272,227,000 after buying an additional 336,308 shares in the last quarter. Institutional investors own 70.00% of the company’s stock.

Blackstone Trading Down 0.3 %

BX opened at $160.40 on Friday. Blackstone Inc. has a fifty-two week low of $115.82 and a fifty-two week high of $200.96. The company has a market cap of $115.81 billion, a price-to-earnings ratio of 44.19, a price-to-earnings-growth ratio of 1.13 and a beta of 1.53. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71. The firm has a 50 day simple moving average of $177.07 and a 200 day simple moving average of $164.14.

Blackstone (NYSE:BX) last posted its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share 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%. On average, sell-side analysts anticipate that Blackstone Inc. will post 5.88 earnings per share for the current year.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be paid a dividend of $1.44 per share. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date is Monday, February 10th. This represents a $5.76 annualized dividend and a yield of 3.59%. Blackstone’s dividend payout ratio (DPR) is presently 94.77%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BX shares. JPMorgan Chase & Co. increased their price objective on Blackstone from $149.00 to $154.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a report on Monday, November 11th. Cowen reaffirmed a “hold” rating on shares of Blackstone in a report on Friday, October 18th. TD Cowen raised Blackstone from a “hold” rating to a “buy” rating and boosted their target price for the stock from $149.00 to $230.00 in a report on Monday, December 9th. Finally, Bank of America lifted their price objective on Blackstone from $171.00 to $192.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $172.38.

About Blackstone

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.