<div id="readability-page-1"><p>San Luis Wealth Advisors LLC decreased its position in shares of  Blackstone Inc. (NYSE:BX - Free Report) by 48.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities &amp; Exchange Commission. The firm owned 3,664 shares of the asset manager's stock after selling 3,477 shares during the quarter. San Luis Wealth Advisors LLC's holdings in Blackstone were worth $632,000 at the end of the most recent reporting period.</p><ul><li>Top Income Stocks Offering Big Dividend Yields and Future Growth</li></ul><p>Several other hedge funds have also recently bought and sold shares of BX. Glen Eagle Advisors LLC boosted its holdings in shares of  Blackstone by 1.8% in the 3rd quarter. Glen Eagle Advisors LLC now owns 3,251 shares of the asset manager's stock valued at $498,000 after purchasing an additional 59 shares in the last quarter.  Investmark Advisory Group LLC raised its stake in  Blackstone by 2.4% during the third quarter. Investmark Advisory Group LLC now owns 2,608 shares of the asset manager's stock worth $399,000 after acquiring an additional 60 shares in the last quarter.  Raleigh Capital Management Inc. grew its holdings in shares of  Blackstone by 32.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager's stock valued at $39,000 after purchasing an additional 62 shares during the last quarter.  Capital Advisors Ltd. LLC boosted its position in  Blackstone by 2.3% in the third quarter. Capital Advisors Ltd. LLC now owns 2,787 shares of the asset manager's stock valued at $427,000 after buying an additional 62 shares in the last quarter.  Finally, Fidelis Capital Partners LLC increased its holdings in shares of  Blackstone by 2.7% during the third quarter. Fidelis Capital Partners LLC now owns 2,374 shares of the asset manager's stock worth $396,000 after buying an additional 62 shares in the last quarter. 70.00% of the stock is owned by institutional investors. </p><h2>Blackstone Stock Up 2.1 %</h2><p>BX stock opened at $169.27 on Wednesday. The business's 50 day moving average price is $180.70 and its two-hundred day moving average price is $157.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $122.21 billion, a price-to-earnings ratio of 58.17, a price-to-earnings-growth ratio of 1.63 and a beta of 1.53. Blackstone Inc. has a fifty-two week low of $114.88 and a fifty-two week high of $200.96. </p><ul><li>Top 3 Business Development Companies for Double-Digit Dividends</li></ul><p>Blackstone (NYSE:BX - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The asset manager reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.10. Blackstone had a net margin of 19.46% and a return on equity of 17.53%. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.37 billion.  As a group, analysts forecast that  Blackstone Inc. will post 4.43 earnings per share for the current fiscal year. </p><h2>Blackstone Increases Dividend</h2><p>The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, October 28th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.03%. This is an increase from Blackstone's previous quarterly dividend of $0.82. The ex-dividend date  was Monday, October 28th. Blackstone's dividend payout ratio (DPR) is presently 118.21%. </p><h2>Analysts Set New Price Targets</h2><ul><li>Smartsheet Is a Smart Buy for Traders and Investors: Here's Why</li></ul><p>A number of equities analysts have issued reports on BX shares. Cowen  reaffirmed a &#34;hold&#34; rating on shares of Blackstone in a report on Friday, October 18th. The Goldman Sachs Group raised their price objective on shares of Blackstone from $135.00 to $150.00 and gave the company a &#34;neutral&#34; rating in a report on Friday, October 18th. Bank of America upped their price target on shares of Blackstone from $171.00 to $192.00 and gave the company a &#34;buy&#34; rating in a research report on Friday, October 18th. Keefe, Bruyette &amp; Woods decreased their price objective on Blackstone from $175.00 to $174.00 and set a &#34;market perform&#34; rating for the company in a report on Monday. Finally, JPMorgan Chase &amp; Co. raised their price objective on Blackstone from $125.00 to $146.00 and gave the stock a &#34;neutral&#34; rating in a research report on Friday, October 18th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of &#34;Hold&#34; and an average target price of $169.56.</p><p><b>Get Our Latest Research Report on BX</b></p><h2>Insider Buying and Selling</h2><p>In other news, insider John G. Finley sold 42,249 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the transaction, the insider now owns 387,137 shares of the company's stock, valued at approximately $68,112,883.78. The trade was a 9.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders. </p><h2>Blackstone Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Blackstone</li><li>Manufacturing Stocks Investing</li><li>Everything You Need to Know About Palantir's Stock Slide</li><li>Technology Stocks Explained: Here's What to Know About Tech</li><li>Why Nike Is on The Verge of a Massive Comeback Rally</li><li>Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index</li><li>3 Stocks With Strong Capital Returns and Insider Buying Signals</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJY?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJY"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Blackstone Right Now?</h2><p>Before you consider Blackstone, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blackstone wasn't on the list.</p><p>While Blackstone currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>San Luis Wealth Advisors LLC reduced its stake in Blackstone Inc. (NYSE:BX) by 48.7% in Q4, holding 3,664 shares valued at $632,000. Other hedge funds also adjusted their positions. Blackstone's stock rose 2.1%, with a market cap of $122.21 billion and a P/E ratio of 58.17. The company reported Q3 earnings of $1.01 per share, exceeding estimates, and increased its quarterly dividend to $0.86. Analysts have mixed ratings, with price targets ranging from $135 to $192.</p>

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San Luis Wealth Advisors LLC Has $632,000 Stock Holdings in Blackstone Inc. (NYSE:BX)