Blackstone Inc. (NYSE:BX) Shares Purchased by Krilogy Financial LLC

Krilogy Financial LLC increased its stake in Blackstone Inc. (NYSE:BX) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,928 shares of the asset manager’s stock after buying an additional 74 shares during the quarter. Krilogy Financial LLC’s holdings in Blackstone were worth $3,091,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. West Financial Advisors LLC acquired a new position in shares of Blackstone in the third quarter worth about $27,000. Bangor Savings Bank boosted its stake in shares of Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after buying an additional 105 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Blackstone in the second quarter worth $39,000. Raleigh Capital Management Inc. boosted its stake in Blackstone by 32.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 62 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new stake in shares of Blackstone in the 4th quarter worth about $39,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group boosted their price objective on Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Piper Sandler upped their price target on Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a research report on Monday, December 23rd. Bank of America boosted their target price on shares of Blackstone from $171.00 to $192.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods reduced their price target on shares of Blackstone from $175.00 to $174.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. Finally, Morgan Stanley raised their target price on shares of Blackstone from $164.00 to $177.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $169.56.

Insider Buying and Selling at Blackstone

In other news, insider John G. Finley sold 42,249 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 387,137 shares in the company, valued at approximately $68,112,883.78. This trade represents a 9.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

Blackstone Price Performance

Shares of NYSE BX opened at $180.00 on Friday. The firm’s 50-day simple moving average is $180.73 and its 200 day simple moving average is $158.24. The stock has a market cap of $129.96 billion, a P/E ratio of 61.86, a P/E/G ratio of 1.02 and a beta of 1.53. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Blackstone Inc. has a fifty-two week low of $115.63 and a fifty-two week high of $200.96.

Blackstone (NYSE:BX) last posted 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 net margin of 19.46% and a return on equity of 17.53%. The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Equities analysts expect that Blackstone Inc. will post 4.45 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.