Octavia Wealth Advisors LLC Sells 952 Shares of Blackstone Inc. (NYSE:BX)

Octavia Wealth Advisors LLC reduced its position in Blackstone Inc. (NYSE:BX) by 16.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,913 shares of the asset manager’s stock after selling 952 shares during the period. Octavia Wealth Advisors LLC’s holdings in Blackstone were worth $847,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. State Street Corp boosted its holdings in shares of Blackstone by 1.2% in the 3rd quarter. State Street Corp now owns 30,020,426 shares of the asset manager’s stock valued at $4,597,028,000 after buying an additional 348,751 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Blackstone by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 14,896,413 shares of the asset manager’s stock valued at $2,272,227,000 after buying an additional 336,308 shares in the last quarter. Legal & General Group Plc raised its position in shares of Blackstone by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 6,266,207 shares of the asset manager’s stock valued at $775,758,000 after purchasing an additional 141,616 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Blackstone by 15,357.3% in the 3rd quarter. International Assets Investment Management LLC now owns 4,201,150 shares of the asset manager’s stock valued at $6,433,220,000 after purchasing an additional 4,173,971 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Blackstone by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,931,411 shares of the asset manager’s stock valued at $602,017,000 after purchasing an additional 61,739 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors.

Insider Activity at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of Blackstone stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the sale, the insider now owns 387,137 shares of the company’s stock, valued at $68,112,883.78. The trade was a 9.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Blackstone Price Performance

Blackstone stock opened at $181.52 on Wednesday. The company’s fifty day moving average price is $180.67 and its 200 day moving average price is $159.13. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96. The stock has a market capitalization of $131.06 billion, a P/E ratio of 62.38, a P/E/G ratio of 1.20 and a beta of 1.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71.

Analyst Ratings Changes

BX has been the subject of several research analyst reports. Barclays decreased their price objective on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Citigroup raised their price target on shares of Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. BMO Capital Markets raised their price target on shares of Blackstone from $134.00 to $157.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. StockNews.com raised shares of Blackstone from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Piper Sandler raised their price target on shares of Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Blackstone has a consensus rating of “Hold” and an average target price of $169.56.

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.