Annex Advisory Services LLC Sells 260 Shares of Blackstone Inc. (NYSE:BX)

Annex Advisory Services LLC decreased its holdings in shares of Blackstone Inc. (NYSE:BX) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,461 shares of the asset manager’s stock after selling 260 shares during the period. Annex Advisory Services LLC’s holdings in Blackstone were worth $942,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BX. American Century Companies Inc. boosted its stake in shares of Blackstone by 3.5% in the 2nd quarter. American Century Companies Inc. now owns 58,777 shares of the asset manager’s stock valued at $7,277,000 after purchasing an additional 2,002 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position 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 buying an additional 175 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Blackstone by 100.5% during the second 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. boosted its holdings in shares of Blackstone by 4.5% in the 2nd quarter. Pacer Advisors Inc. now owns 50,996 shares of the asset manager’s stock worth $6,313,000 after acquiring an additional 2,206 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake 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 purchasing an additional 1,036 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors.

Blackstone Trading Up 1.9 %

NYSE:BX opened at $180.00 on Tuesday. The business’s 50-day simple moving average is $180.73 and its 200-day simple moving average is $158.74. Blackstone Inc. has a fifty-two week low of $115.63 and a fifty-two week high of $200.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $129.96 billion, a PE ratio of 61.86, a price-to-earnings-growth ratio of 1.02 and a beta of 1.53.

Analyst Upgrades and Downgrades

BX has been the subject of a number of research analyst reports. Citigroup lifted their price target on Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, October 18th. JPMorgan Chase & Co. increased their price target on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. UBS Group increased their price objective on Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods decreased their price target on Blackstone from $175.00 to $174.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Finally, BMO Capital Markets upped their target price on shares of Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $169.56.

Insider Buying and Selling at Blackstone

In related news, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction on 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

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.