Mitchell Mcleod Pugh & Williams Inc. Sells 1,000 Shares of Blackstone Inc. (NYSE:BX)

Mitchell Mcleod Pugh & Williams Inc. decreased its stake in shares of Blackstone Inc. (NYSE:BXFree Report) by 42.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,380 shares of the asset manager’s stock after selling 1,000 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Blackstone were worth $238,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BX. American Century Companies Inc. grew its stake in Blackstone by 3.5% during the second quarter. American Century Companies Inc. now owns 58,777 shares of the asset manager’s stock valued at $7,277,000 after acquiring an additional 2,002 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Blackstone by 1.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 11,770 shares of the asset manager’s stock valued at $1,457,000 after purchasing an additional 175 shares in the last quarter. AE Wealth Management LLC grew its stake in Blackstone by 100.5% in the 2nd quarter. AE Wealth Management LLC now owns 10,119 shares of the asset manager’s stock worth $1,253,000 after buying an additional 5,072 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Blackstone by 4.5% during the 2nd quarter. Pacer Advisors Inc. now owns 50,996 shares of the asset manager’s stock valued at $6,313,000 after buying an additional 2,206 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Blackstone by 2.4% in the second quarter. Thrivent Financial for Lutherans now owns 44,614 shares of the asset manager’s stock worth $5,524,000 after acquiring an additional 1,036 shares in the last quarter. 70.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BX. Morgan Stanley raised their price objective on Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. UBS Group upped their price objective on shares of Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Citigroup boosted their price target on shares of Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. The Goldman Sachs Group raised their price objective on Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Keefe, Bruyette & Woods reduced their price target on Blackstone from $175.00 to $174.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. Twelve investment 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 company has a consensus rating of “Hold” and an average price target of $169.56.

Check Out Our Latest Report on BX

Blackstone Price Performance

Shares of Blackstone stock opened at $180.00 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a 50 day moving average price of $180.73 and a 200-day moving average price of $158.74. The stock has a market cap of $129.96 billion, a price-to-earnings ratio of 61.86, a price-to-earnings-growth ratio of 1.02 and a beta of 1.53. Blackstone Inc. has a one year low of $115.63 and a one year high of $200.96.

Insider Transactions at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the business’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 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 is available at this link. Company insiders own 1.00% of the company’s stock.

About Blackstone

(Free Report)

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.

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Institutional Ownership by Quarter for Blackstone (NYSE:BX)

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