Blackstone Inc. (NYSE:BX) Shares Purchased by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd lifted its position in shares of Blackstone Inc. (NYSE:BXFree Report) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,500 shares of the asset manager’s stock after purchasing an additional 7,500 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Blackstone were worth $9,908,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ullmann Wealth Partners Group LLC grew its position in Blackstone by 2.9% during the 4th quarter. Ullmann Wealth Partners Group LLC now owns 4,719 shares of the asset manager’s stock worth $814,000 after purchasing an additional 133 shares during the last quarter. Carnegie Investment Counsel increased its position in Blackstone by 7.0% in the 4th quarter. Carnegie Investment Counsel now owns 1,536 shares of the asset manager’s stock valued at $265,000 after acquiring an additional 101 shares during the period. Mirador Capital Partners LP lifted its position in Blackstone by 2.0% during the 4th quarter. Mirador Capital Partners LP now owns 97,536 shares of the asset manager’s stock worth $16,817,000 after acquiring an additional 1,928 shares during the period. StrongBox Wealth LLC increased its holdings in shares of Blackstone by 2.8% in the fourth quarter. StrongBox Wealth LLC now owns 18,078 shares of the asset manager’s stock valued at $3,117,000 after purchasing an additional 484 shares during the period. Finally, West Financial Advisors LLC lifted its holdings in shares of Blackstone by 335.2% during the fourth quarter. West Financial Advisors LLC now owns 766 shares of the asset manager’s stock worth $132,000 after purchasing an additional 590 shares during the period. 70.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Blackstone

In other news, insider John G. Finley sold 42,249 shares of the business’s 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 completion of the sale, the insider now directly owns 387,137 shares of the company’s stock, valued at $68,112,883.78. The trade was a 9.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by company insiders.

Blackstone Stock Performance

Shares of NYSE BX opened at $176.68 on Friday. Blackstone Inc. has a 12 month low of $114.88 and a 12 month high of $200.96. The company has a 50-day simple moving average of $180.67 and a 200-day simple moving average of $157.71. The company has a market cap of $127.56 billion, a PE ratio of 60.71, a price-to-earnings-growth ratio of 1.02 and a beta of 1.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71.

Blackstone (NYSE:BXGet Free Report) last posted its quarterly earnings data on Thursday, October 17th. The asset manager reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.10. Blackstone had a return on equity of 17.53% and a net margin of 19.46%. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.37 billion. On average, equities analysts anticipate that Blackstone Inc. will post 4.45 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on BX. Cowen restated a “hold” rating on shares of Blackstone in a research note on Friday, October 18th. 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. Piper Sandler raised their price target on Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. StockNews.com raised Blackstone from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Finally, TD Cowen upgraded shares of Blackstone from a “hold” rating to a “buy” rating and increased their price target for the company from $149.00 to $230.00 in a report on Monday, December 9th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Blackstone currently has a consensus rating of “Hold” and a consensus target price of $169.56.

View Our Latest Research Report on BX

Blackstone Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Blackstone (NYSE:BX)

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