Blackstone Inc. (NYSE:BX) Shares Sold by Eagle Wealth Strategies LLC

Eagle Wealth Strategies LLC lessened its position in Blackstone Inc. (NYSE:BX) by 5.8% in the 4th quarter, Holdings Channel reports. The fund owned 3,278 shares of the asset manager’s stock after selling 200 shares during the period. Eagle Wealth Strategies LLC’s holdings in Blackstone were worth $565,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BX. International Assets Investment Management LLC boosted its position in shares of Blackstone by 15,357.3% during the 3rd quarter. International Assets Investment Management LLC now owns 4,201,150 shares of the asset manager’s stock worth $6,433,220,000 after purchasing an additional 4,173,971 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Blackstone by 213.5% during the second quarter. The Manufacturers Life Insurance Company now owns 1,375,969 shares of the asset manager’s stock worth $170,345,000 after buying an additional 937,084 shares during the period. Mackenzie Financial Corp increased its holdings in Blackstone by 468.4% in the second quarter. Mackenzie Financial Corp now owns 1,107,547 shares of the asset manager’s stock valued at $137,114,000 after buying an additional 912,685 shares in the last quarter. Castleark Management LLC acquired a new stake in shares of Blackstone in the 3rd quarter worth approximately $67,472,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Blackstone by 7,917.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 400,000 shares of the asset manager’s stock worth $49,520,000 after purchasing an additional 395,011 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BX. BMO Capital Markets raised their price target on Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Piper Sandler upped their price target on shares of Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Wells Fargo & Company cut their price objective on Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. StockNews.com raised Blackstone from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $169.56.

Blackstone Price Performance

Shares of Blackstone stock opened at $181.52 on Wednesday. The stock has a market capitalization of $131.06 billion, a P/E ratio of 62.38, a PEG ratio of 1.20 and a beta of 1.53. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The business’s fifty day moving average price is $180.68 and its 200 day moving average price is $159.55. Blackstone Inc. has a twelve month low of $115.82 and a twelve month high of $200.96.

Insider Activity

In related news, insider John G. Finley sold 42,249 shares of the 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 completion of the sale, the insider now directly owns 387,137 shares in the company, valued at approximately $68,112,883.78. This represents a 9.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.