XML Financial LLC Sells 209 Shares of Blackstone Inc. (NYSE:BX)

XML Financial LLC lessened its stake in shares of Blackstone Inc. (NYSE:BX) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,101 shares of the asset manager’s stock after selling 209 shares during the period. XML Financial LLC’s holdings in Blackstone were worth $2,604,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bangor Savings Bank increased its holdings in Blackstone by 187.5% during the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after buying an additional 105 shares during the last quarter. West Financial Advisors LLC acquired a new stake in Blackstone in the 3rd quarter valued at about $27,000. Kieckhefer Group LLC bought a new stake in Blackstone in the fourth quarter valued at approximately $39,000. Raleigh Capital Management Inc. lifted its holdings in Blackstone by 32.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 62 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its holdings in shares of Blackstone by 57.7% during the third quarter. Hazlett Burt & Watson Inc. now owns 276 shares of the asset manager’s stock worth $43,000 after acquiring an additional 101 shares during the period. 70.00% of the stock is currently owned by institutional investors.

Blackstone Stock Up 0.9 %

Blackstone stock opened at $181.52 on Wednesday. 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 company has a market capitalization of $131.06 billion, a PE ratio of 62.38, a PEG ratio of 1.20 and a beta of 1.53. The firm’s fifty day moving average is $180.67 and its 200 day moving average is $159.13. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BX. Morgan Stanley lifted their price target on shares of Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Evercore ISI upped their price objective on shares of Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Cowen reiterated a “hold” rating on shares of Blackstone in a research note on Friday, October 18th. The Goldman Sachs Group boosted their price objective on Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, TD Cowen raised Blackstone from a “hold” rating to a “buy” rating and lifted their price target for the company from $149.00 to $230.00 in a research note on Monday, December 9th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $169.56.

Insider Activity

In related news, insider John G. Finley sold 42,249 shares of Blackstone 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 sale, the insider now owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. This trade represents a 9.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

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.