Blackstone Inc. $BX Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in Blackstone Inc. (NYSE:BX) by 5.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,044 shares of the asset manager’s stock after purchasing an additional 9,249 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Blackstone were worth $27,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BX. Arcus Capital Partners LLC increased its stake in shares of Blackstone by 1.2% during the second quarter. Arcus Capital Partners LLC now owns 4,937 shares of the asset manager’s stock valued at $739,000 after acquiring an additional 58 shares during the period. Mattern Wealth Management LLC increased its stake in shares of Blackstone by 2.8% during the second quarter. Mattern Wealth Management LLC now owns 2,213 shares of the asset manager’s stock valued at $331,000 after acquiring an additional 60 shares during the period. Sage Rhino Capital LLC increased its stake in shares of Blackstone by 0.8% during the second quarter. Sage Rhino Capital LLC now owns 8,036 shares of the asset manager’s stock valued at $1,202,000 after acquiring an additional 63 shares during the period. Jeppson Wealth Management LLC increased its stake in shares of Blackstone by 1.0% during the second quarter. Jeppson Wealth Management LLC now owns 6,549 shares of the asset manager’s stock valued at $980,000 after acquiring an additional 66 shares during the period. Finally, McAdam LLC increased its stake in shares of Blackstone by 4.4% during the first quarter. McAdam LLC now owns 1,762 shares of the asset manager’s stock valued at $246,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Activity at Blackstone

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 16,689,884 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total value of $104,478,673.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John G. Finley sold 21,500 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $171.46, for a total transaction of $3,686,390.00. Following the completion of the sale, the insider directly owned 453,836 shares of the company’s stock, valued at $77,814,720.56. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 2,538,345 shares of company stock worth $65,046,628 and have sold 16,984,634 shares worth $155,181,346. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

BX has been the topic of a number of research analyst reports. Evercore ISI lowered their price objective on shares of Blackstone from $197.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Blackstone in a research report on Wednesday, October 8th. Barclays decreased their price target on shares of Blackstone from $181.00 to $171.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Piper Sandler decreased their price target on shares of Blackstone from $181.00 to $173.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Finally, TD Cowen decreased their price target on shares of Blackstone from $215.00 to $208.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Blackstone has a consensus rating of “Moderate Buy” and an average price target of $182.79.

Blackstone Trading Up 0.2%

Blackstone stock opened at $161.82 on Thursday. The company has a 50 day moving average price of $170.93 and a 200 day moving average price of $155.32. Blackstone Inc. has a 52 week low of $115.66 and a 52 week high of $200.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $119.28 billion, a price-to-earnings ratio of 43.50, a P/E/G ratio of 1.31 and a beta of 1.77.

Blackstone (NYSE:BX) last posted its quarterly earnings data on Friday, November 22nd. The asset manager reported $0.97 EPS for the quarter. Blackstone had a net margin of 20.83% and a return on equity of 20.47%. The firm had revenue of $2.49 billion during the quarter. Research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.

About Blackstone

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.