Blackstone Inc. (NYSE:BX) Shares Sold by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC decreased its position in Blackstone Inc. (NYSE:BX) by 15.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,178 shares of the asset manager’s stock after selling 563 shares during the period. Beaumont Financial Advisors LLC’s holdings in Blackstone were worth $548,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BX. Sather Financial Group Inc raised its holdings in shares of Blackstone by 202.5% in the 3rd 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 bought a new position in shares of Blackstone in the third quarter valued at $201,000. Aljian Capital Management LLC bought a new stake in shares of Blackstone during the 3rd quarter worth $1,951,000. Icon Wealth Advisors LLC raised its position in shares of Blackstone by 2,185.4% during the third quarter. Icon Wealth Advisors LLC now owns 18,946 shares of the asset manager’s stock worth $2,901,000 after purchasing an additional 18,117 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Blackstone by 3.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,169,526 shares of the asset manager’s stock valued at $179,089,000 after purchasing an additional 36,343 shares during the period. 70.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on BX shares. BMO Capital Markets raised their target price on shares of Blackstone from $134.00 to $157.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Barclays cut their target price on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Cowen reaffirmed a “hold” rating on shares of Blackstone in a research report on Friday, October 18th. Evercore ISI increased their price objective on Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a report on Monday, November 11th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $169.56.

Blackstone Trading Up 0.6 %

Shares of BX stock opened at $182.70 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $180.68 and its two-hundred day moving average is $159.55. The company has a market cap of $131.91 billion, a PE ratio of 62.78, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53. Blackstone Inc. has a 12 month low of $115.82 and a 12 month high of $200.96.

Insiders Place Their Bets

In other news, insider John G. Finley sold 42,249 shares of the company’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 completion of the transaction, the insider now directly owns 387,137 shares in the company, valued at $68,112,883.78. The trade was a 9.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Blackstone Company 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.