Southland Equity Partners LLC Cuts Position in Blackstone Inc. (NYSE:BX)

Southland Equity Partners LLC lowered its holdings in Blackstone Inc. (NYSE:BX) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,218 shares of the asset manager’s stock after selling 358 shares during the period. Southland Equity Partners LLC’s holdings in Blackstone were worth $900,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BX. Thrivent Financial for Lutherans lifted its holdings in Blackstone by 2.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 44,614 shares of the asset manager’s stock worth $5,524,000 after buying an additional 1,036 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Blackstone by 3,074.1% in the second quarter. Marshall Wace LLP now owns 107,064 shares of the asset manager’s stock worth $13,255,000 after acquiring an additional 103,691 shares in the last quarter. Fred Alger Management LLC grew its stake in Blackstone by 5.1% during the 2nd quarter. Fred Alger Management LLC now owns 57,851 shares of the asset manager’s stock valued at $7,162,000 after purchasing an additional 2,818 shares in the last quarter. AXA S.A. raised its position in shares of Blackstone by 17.6% in the 2nd quarter. AXA S.A. now owns 34,772 shares of the asset manager’s stock valued at $4,305,000 after purchasing an additional 5,214 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Blackstone by 123.6% during the second quarter. AQR Capital Management LLC now owns 19,812 shares of the asset manager’s stock worth $2,453,000 after buying an additional 10,952 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Analyst Ratings Changes

BX has been the topic of a number of research analyst reports. Cowen reiterated a “hold” rating on shares of Blackstone in a research note on Friday, October 18th. Keefe, Bruyette & Woods decreased their price target on Blackstone from $175.00 to $174.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group increased 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. UBS Group boosted their price target on Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, Evercore ISI boosted their target price on shares of Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $169.56.

Blackstone Trading Up 1.5 %

Blackstone stock opened at $185.56 on Friday. The firm has a market cap of $133.98 billion, a price-to-earnings ratio of 63.77, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. 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 firm’s 50 day moving average price is $180.71 and its two-hundred day moving average price is $159.71. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96.

Insider Transactions at Blackstone

In other news, insider John G. Finley sold 42,249 shares of the business’s stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Blackstone 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.