Blackstone Inc. (NYSE:BX) Holdings Trimmed by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. recently trimmed its holdings in Blackstone Inc. by 6.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm sold 1,353 shares, bringing its total holdings in Blackstone to 19,406 shares worth $2,549,000.

Several other hedge funds and institutional investors have also made changes to their stakes in Blackstone. American Century Companies Inc. raised its holdings by 4.1%, while Anchor Investment Management LLC purchased a new stake in the company. Massmutual Trust Co. FSB ADV and Exchange Traded Concepts LLC also increased their holdings, along with Castle Rock Wealth Management LLC.

Blackstone’s stock performance has been steady, with shares opening at $129.32 on Friday. The company’s 50-day moving average is $122.97, and its 200-day moving average is $124.20. Blackstone has a market cap of $92.42 billion, a P/E ratio of 45.70, and a beta of 1.50.

In terms of dividends, Blackstone recently declared a quarterly dividend of $0.83 per share, representing a yield of 2.57%. The company’s dividend payout ratio is currently 117.31%.

Wall Street analysts have forecasted growth for Blackstone, with several firms issuing ratings and price targets for the stock. Piper Sandler, Bank of America, Barclays, and Argus have all provided insights into Blackstone’s performance.

In insider news, Director Ruth Porat acquired shares of Blackstone stock, while Director Joseph Baratta sold shares in a recent transaction. Overall, 1.00% of the stock is currently owned by company insiders.

Blackstone Inc. is an alternative asset management firm specializing in various investment strategies. The company’s diverse portfolio includes real estate, private equity, hedge fund solutions, credit, and more.

For more information on Blackstone and its latest updates, visit HoldingsChannel.com for the latest 13F filings and insider trades.