Blackstone Inc. (NYSE:BX) Shares Sold by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. lessened its stake in Blackstone Inc. (NYSE:BX) by 42.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Zhang Financial LLC increased its position in Blackstone by 1.8% during the 4th quarter. Zhang Financial LLC now owns 9,567 shares of the asset manager’s stock worth $1,650,000 after purchasing an additional 171 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Blackstone by 13.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,806 shares of the asset manager’s stock worth $829,000 after purchasing an additional 586 shares in the last quarter. Guinness Asset Management LTD grew its position in Blackstone by 41.0% in the fourth quarter. Guinness Asset Management LTD now owns 4,887 shares of the asset manager’s stock valued at $843,000 after acquiring an additional 1,422 shares in the last quarter. UMB Bank n.a. lifted its holdings in Blackstone by 3.3% in the 4th quarter. UMB Bank n.a. now owns 11,629 shares of the asset manager’s stock worth $2,005,000 after buying an additional 373 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in Blackstone by 69.9% in the fourth quarter. Diversify Wealth Management LLC now owns 22,345 shares of the asset manager’s stock valued at $3,684,000 after purchasing an additional 9,195 shares during the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

Blackstone Stock Up 1.9 %

BX 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 two-hundred day moving average price of $158.74. The company has a market cap of $129.96 billion, a price-to-earnings ratio of 61.86, a P/E/G ratio of 1.02 and a beta of 1.53. Blackstone Inc. has a twelve month low of $115.63 and a twelve month high of $200.96.

Analyst Ratings Changes

A number of research analysts have commented on BX shares. Evercore ISI increased their target price on Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their price objective on Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Cowen reaffirmed a “hold” rating on shares of Blackstone in a research note on Friday, October 18th. The Goldman Sachs Group lifted their target price on Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. increased their price objective on Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Blackstone 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 stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $175.94, for a total value of $7,433,289.06. Following the completion of the transaction, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.