Blackstone Inc. (NYSE:BX) Shares Purchased by LVW Advisors LLC

LVW Advisors LLC lifted its holdings in shares of Blackstone Inc. (NYSE:BX) by 2.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,265 shares of the asset manager’s stock after acquiring an additional 82 shares during the period. LVW Advisors LLC’s holdings in Blackstone were worth $563,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BX. Sather Financial Group Inc lifted its holdings in shares of Blackstone by 202.5% during the 3rd quarter. Sather Financial Group Inc now owns 6,050 shares of the asset manager’s stock worth $926,000 after acquiring an additional 4,050 shares during the period. Portside Wealth Group LLC acquired a new position in shares of Blackstone in the 3rd quarter valued at $201,000. Aljian Capital Management LLC acquired a new stake in shares of Blackstone during the 3rd quarter worth $1,951,000. Icon Wealth Advisors LLC boosted its holdings in Blackstone by 2,185.4% in the third quarter. Icon Wealth Advisors LLC now owns 18,946 shares of the asset manager’s stock valued at $2,901,000 after acquiring an additional 18,117 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Blackstone by 3.2% during the third quarter. PNC Financial Services Group Inc. now owns 1,169,526 shares of the asset manager’s stock worth $179,089,000 after acquiring an additional 36,343 shares during the last quarter. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BX has been the subject of a number of research reports. Bank of America boosted their target price on Blackstone from $171.00 to $192.00 and gave the stock a “buy” rating in a report on Friday, October 18th. StockNews.com raised shares of Blackstone from a “hold” rating to a “buy” rating in a research note on Tuesday. Morgan Stanley increased their price target on Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. BMO Capital Markets upped their target price on Blackstone from $134.00 to $157.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $169.56.

Insider Activity at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the 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 directly owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. This represents a 9.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Blackstone Stock Up 1.9 %

Shares of Blackstone stock opened at $180.00 on Tuesday. 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 has a 50-day moving average price of $180.73 and a 200 day moving average price of $158.74. Blackstone Inc. has a fifty-two week low of $115.63 and a fifty-two week high of $200.96. The firm 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.

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.