Sequoia Financial Advisors LLC Increases Position in Blackstone Inc. $BX

Sequoia Financial Advisors LLC increased its stake in Blackstone Inc. by 5.1% in the second quarter, bringing its total holdings to 245,370 shares valued at approximately $28.9 million. This increase contributes to the 70% institutional ownership of Blackstone's stock. The company recently reported strong quarterly results with EPS of $1.52 and revenue of $5.04 billion, and also raised its quarterly dividend to $1.29 per share.