Vanguard Group Inc. increased its stake in Blackstone Inc. by 1.9% in the third quarter, bringing its total holdings to 70,827,437 shares valued at approximately $12.1 billion. This increase follows Blackstone beating its recent earnings estimates with an EPS of $1.75 and revenue of $4.36 billion, and the company also announced an increased quarterly dividend of $1.49 per share. Other institutional investors have also modified their holdings, and analysts currently rate Blackstone with a “Moderate Buy” consensus.
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Vanguard Group Inc. Grows Stake in Blackstone Inc. $BX
Vanguard Group Inc. increased its stake in Blackstone Inc. by 1.9% in the third quarter, bringing its total holdings to 70,827,437 shares valued at approximately $12.1 billion. This increase follows Blackstone beating its recent earnings estimates with an EPS of $1.75 and revenue of $4.36 billion, and the company also announced an increased quarterly dividend of $1.49 per share. Other institutional investors have also modified their holdings, and analysts currently rate Blackstone with a “Moderate Buy” consensus.