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StockNews.com started coverage on shares of Blackstone (NYSE:BX – Get Rating) in a research note issued to investors on Thursday morning. The brokerage issued a sell rating on the asset manager's stock.
BX has been the topic of several other reports. Credit Suisse Group lowered their target price on shares of Blackstone from $69.50 to $69.00 and set an underperform rating on the stock in a research report on Thursday, February 2nd. Morgan Stanley upped their target price on shares of Blackstone from $110.00 to $115.00 and gave the stock an overweight rating in a research report on Monday, January 30th. Barclays increased their price target on shares of Blackstone from $86.00 to $100.00 and gave the company an equal weight rating in a research report on Friday, January 27th. Piper Sandler lowered their price target on shares of Blackstone from $114.00 to $111.00 and set an overweight rating on the stock in a research report on Wednesday, December 21st. Finally, JPMorgan Chase & Co. upgraded shares of Blackstone from a neutral rating to an overweight rating and increased their price target for the company from $104.00 to $105.00 in a research report on Tuesday, January 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Blackstone has an average rating of Hold and an average target price of $112.33.
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Blackstone Price Performance
Shares of NYSE:BX opened at $86.67 on Thursday. Blackstone has a one year low of $71.72 and a one year high of $132.93. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.97 and a current ratio of 0.97. The company has a 50-day simple moving average of $89.61 and a 200-day simple moving average of $88.17. The stock has a market capitalization of $61.22 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 1.75 and a beta of 1.52.
Blackstone (NYSE:BX – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The asset manager reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.12. Blackstone had a net margin of 20.52% and a return on equity of 19.43%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the business posted $1.71 earnings per share. On average, analysts predict that Blackstone will post 4.66 EPS for the current year.
Blackstone Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, February 13th. Shareholders of record on Monday, February 6th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, February 3rd. This represents a $3.64 dividend on an annualized basis and a yield of 4.20%. This is an increase from Blackstone's previous quarterly dividend of $0.90. Blackstone's dividend payout ratio (DPR) is currently 153.59%.
Insiders Place Their Bets
In other Blackstone news, major shareholder Holdings L.P. Blackstone III sold 99,889,464 shares of the stock in a transaction that occurred 专业组803:计划97人,投档97人,投档最低分328分,最低排位6309。专业组808:计划136人,投档136人,投档最低分323分,最低排位7004。专业组802:计划151人,投档151人,投档最低分322分,最低排位7231。专业组805:计划45人,投档45人,投档最低分321分,最低排位7312。 on Friday, March 10th. The shares were sold at an average price of $12.00, for a total transaction of $1,198,673,568.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Holdings L.P. Blackstone III sold 99,889,464 shares of the firm's stock in a transaction on Friday, March 10th. The shares were sold at an average price of $12.00, for a total value of $1,198,673,568.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Holdings I/Ii Gp L. Blackstone sold 28,562,652 shares of the firm's stock in a transaction on Monday, March 6th. The shares were sold at an average price of $8.71, for a total transaction of $248,780,698.92. Following the completion of the transaction, the insider now 根据省考试院公布的文件来看,可以用来参加3+证书考试的“1+x证书”共有447种。分别有2910所中职学校、1339所高职院校、643所本科院校开展1+X证书试点。2证书介绍从这几年的3+证书高职高考招生人数逐年增加,各种政策利好,加上如今发布的“1+X证书制度”,都在说明3+证书高职高考已经成为国家教育工作的重点对象之一,也确实成为了绝大部分中职生主要升学途径。 directly owns 57,028 shares in the company, valued at approximately $496,713.88. The disclosure for this sale can be found here. Insiders have sold a total of 140,532,616 shares of company stock valued at $1,726,902,967 over the last quarter. Company insiders own 1.00% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of BX. Whalerock Point Partners LLC acquired a new stake in shares of Blackstone in the 3rd quarter worth approximately $282,571,000. Mach 1 Financial Group LLC acquired a new stake in Blackstone during the third quarter valued at approximately $25,000. SJS Investment Consulting Inc. acquired a new stake in Blackstone during the third quarter 2022年中高职贯通三二分段可同时填报本/专科批次志愿;2023年中高职贯通三二分段中职学段三年级学生,只能填报普通高等学校本科层次的志愿;在最新的通知文件中,明确了中高职贯通三二分段中职学段三年级学生,只能填报普通高等学校本科层次的志愿。明确高中生不能报3+证书在最新的通知文件中,明确3+证书普通高中应往届毕业生不得报考。 valued at approximately $26,000. HWG Holdings LP acquired a new stake in Blackstone during the third quarter valued at approximately $28,000. Finally, Trust Co. of Vermont lifted its position in shares of Blackstone by 133.3% in the 3rd quarter. Trust Co. of Vermont now owns 350 shares of the asset manager's stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. 62.39% of the stock is owned by institutional investors and hedge funds.
Blackstone Company Profile
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Blackstone, Inc engages in the provision of investment and fund management services. It operates through the following segments: Real Estate, Private Equity, Credit and Insurance, and Hedge Fund Solutions. The Real Estate segment includes 现设有智能制造学院、体育与健康学院、建筑工程系、计算机应用技术系、经济管理系、工商管理系、财会系、应用外语系、艺术设计系、文化传播系、公共教学部和思政教学部等2院8系2部,开设48个专业(方向)。 management of opportunistic real estate funds, Core+ real estate funds, high-yield real estate debt funds, and liquid real estate debt funds.
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