Blackstone Inc. (NYSE:BX) Shares Bought by Howard Financial Services LTD.

Howard Financial Services LTD. increased its holdings in shares of Blackstone Inc. (NYSE:BX) by 582.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,469 shares of the asset manager’s stock after acquiring an additional 8,082 shares during the period. Howard Financial Services LTD.’s holdings in Blackstone were worth $1,633,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sather Financial Group Inc increased its stake in shares of Blackstone by 202.5% during the third quarter. Sather Financial Group Inc now owns 6,050 shares of the asset manager’s stock worth $926,000 after purchasing an additional 4,050 shares in the last quarter. Portside Wealth Group LLC acquired a new position in shares of Blackstone during the third quarter valued at approximately $201,000. Aljian Capital Management LLC acquired a new stake in shares of Blackstone in the third quarter worth approximately $1,951,000. Icon Wealth Advisors LLC raised its stake in Blackstone by 2,185.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 18,946 shares of the asset manager’s stock valued at $2,901,000 after purchasing an additional 18,117 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Blackstone by 3.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,169,526 shares of the asset manager’s stock worth $179,089,000 after purchasing an additional 36,343 shares during the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Blackstone Trading Up 1.9 %

NYSE BX opened at $180.00 on Friday. The firm has a market cap of $129.96 billion, a price-to-earnings ratio of 61.86, a PEG ratio of 1.02 and a beta of 1.53. Blackstone Inc. has a one year low of $115.63 and a one year high of $200.96. 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 firm has a 50 day simple moving average of $180.68 and a 200-day simple moving average of $157.84.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, October 17th. The asset manager reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.10. Blackstone had a return on equity of 17.53% and a net margin of 19.46%. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Equities research analysts anticipate that Blackstone Inc. will post 4.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BX has been the topic of a number of recent research reports. Barclays lowered their price target on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company dropped their price target on Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. StockNews.com raised shares of Blackstone from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Finally, TD Cowen raised shares of Blackstone from a “hold” rating to a “buy” rating and lifted their target price for the stock from $149.00 to $230.00 in a research note on Monday, December 9th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Blackstone currently has a consensus rating of “Hold” and an average target price of $169.56.

Insider Activity

In other Blackstone news, insider John G. Finley sold 42,249 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $175.94, for a total value of $7,433,289.06. Following the sale, the insider now directly owns 387,137 shares in the company, valued at $68,112,883.78. This trade represents a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Blackstone Profile

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.