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

Krilogy Financial LLC boosted its position in Blackstone Inc. (NYSE:BX) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,928 shares of the asset manager’s stock after buying an additional 74 shares during the period. Krilogy Financial LLC’s holdings in Blackstone were worth $3,091,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. TruWealth Advisors LLC increased its stake in shares of Blackstone by 32.4% during the fourth quarter. TruWealth Advisors LLC now owns 6,614 shares of the asset manager’s stock worth $1,140,000 after acquiring an additional 1,620 shares during the period. Ameritas Advisory Services LLC raised its stake in shares of Blackstone by 26.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 17,141 shares of the asset manager’s stock worth $2,956,000 after buying an additional 3,562 shares in the last quarter. Premier Path Wealth Partners LLC lifted its holdings in shares of Blackstone by 6.3% in the 4th quarter. Premier Path Wealth Partners LLC now owns 6,267 shares of the asset manager’s stock valued at $1,081,000 after buying an additional 370 shares during the period. Sanibel Captiva Trust Company Inc. grew its holdings in Blackstone by 3.1% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 36,065 shares of the asset manager’s stock worth $6,218,000 after acquiring an additional 1,082 shares during the period. Finally, Howard Financial Services LTD. lifted its holdings in Blackstone by 582.7% in the fourth quarter. Howard Financial Services LTD. now owns 9,469 shares of the asset manager’s stock valued at $1,633,000 after acquiring an additional 8,082 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insiders Place Their Bets

In other news, insider John G. Finley sold 42,249 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 387,137 shares in the company, valued at $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 available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Blackstone Stock Performance

Blackstone stock opened at $180.00 on Friday. The stock has a fifty day moving average price of $180.73 and a 200 day moving average price of $158.24. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Blackstone Inc. has a 52 week low of $115.63 and a 52 week high of $200.96. The firm has a market capitalization of $129.96 billion, a P/E ratio of 61.86, a PEG ratio of 1.02 and a beta of 1.53.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, October 17th. The asset manager reported $1.01 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.37 billion. Equities research analysts anticipate that Blackstone Inc. will post 4.45 earnings per share for the current year.

Wall Street Analyst Weigh In

BX has been the subject of several recent analyst reports. UBS Group raised 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. Evercore ISI upped their price target on Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. JPMorgan Chase & Co. boosted their target price on Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. BMO Capital Markets lifted their price target on Blackstone from $134.00 to $157.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Finally, Barclays dropped their target price on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Twelve research 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 stock has an average rating of “Hold” and an average target price of $169.56.

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.