52,227 Shares in Blackstone Inc. (NYSE:BX) Purchased by Avanza Fonder AB

Avanza Fonder AB bought a new position in shares of Blackstone Inc. (NYSE:BX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 52,227 shares of the asset manager’s stock, valued at approximately $9,005,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealthcare Advisory Partners LLC raised its holdings in shares of Blackstone by 3.6% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 27,774 shares of the asset manager’s stock valued at $4,789,000 after purchasing an additional 959 shares in the last quarter. Border to Coast Pensions Partnership Ltd raised its holdings in Blackstone by 15.0% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 57,500 shares of the asset manager’s stock worth $9,908,000 after purchasing an additional 7,500 shares in the last quarter. Ullmann Wealth Partners Group LLC grew its position in shares of Blackstone by 2.9% in the 4th quarter. Ullmann Wealth Partners Group LLC now owns 4,719 shares of the asset manager’s stock worth $814,000 after buying an additional 133 shares during the last quarter. Carnegie Investment Counsel lifted its position in Blackstone by 7.0% during the fourth 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 last quarter. Finally, Mirador Capital Partners LP increased its position in shares of Blackstone by 2.0% during the fourth quarter. Mirador Capital Partners LP now owns 97,536 shares of the asset manager’s stock worth $16,817,000 after purchasing an additional 1,928 shares in the last quarter. 70.00% of the stock is owned by institutional investors.

Blackstone Trading Up 0.8 %

BX stock opened at $178.14 on Friday. The business’s 50-day moving average is $180.67 and its 200 day moving average is $157.71. Blackstone Inc. has a 12-month low of $115.63 and a 12-month high of $200.96. The stock has a market cap of $128.62 billion, a price-to-earnings ratio of 61.22, a PEG ratio of 1.02 and a beta of 1.53. 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 (NYSE:BX) last posted its quarterly earnings data on Thursday, October 17th. The asset manager reported $1.01 EPS for the quarter, beating 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 firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.37 billion. On average, sell-side analysts anticipate that Blackstone Inc. will post 4.45 EPS for the current fiscal year.

Insider Activity

In related news, insider John G. Finley sold 42,249 shares of Blackstone stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the transaction, the insider now owns 387,137 shares in the company, valued at approximately $68,112,883.78. This trade represents a 9.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

BX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Evercore ISI increased their price objective on shares of Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Wells Fargo & Company cut their price target on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Cowen reaffirmed a “hold” rating on shares of Blackstone in a report on Friday, October 18th. Finally, Barclays decreased their price objective on Blackstone from $199.00 to $192.00 and set an “equal weight” rating for the company in a report on Monday. Twelve equities 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.com, Blackstone has a consensus rating of “Hold” and a consensus price target of $169.56.

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.