Blackstone Inc. (NYSE:BX) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its holdings in shares of Blackstone Inc. (NYSE:BX) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,965 shares of the asset manager’s stock after acquiring an additional 699 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Blackstone were worth $2,753,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans increased its position in Blackstone by 2.4% during 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 during the last quarter. Marshall Wace LLP increased its holdings in shares of Blackstone by 3,074.1% during the 2nd quarter. Marshall Wace LLP now owns 107,064 shares of the asset manager’s stock worth $13,255,000 after buying an additional 103,691 shares during the last quarter. AXA S.A. lifted its holdings in Blackstone by 17.6% in the second quarter. AXA S.A. now owns 34,772 shares of the asset manager’s stock valued at $4,305,000 after acquiring an additional 5,214 shares during the last quarter. AQR Capital Management LLC increased its stake in 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 acquiring an additional 10,952 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C acquired a new position in shares of Blackstone in the 2nd quarter valued at $905,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

Blackstone Stock Up 0.7 %

Shares of NYSE BX opened at $186.79 on Friday. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96. The company has a market capitalization of $134.86 billion, a price-to-earnings ratio of 64.19, 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 current ratio of 0.71 and a quick ratio of 0.71. The business has a 50-day moving average of $180.90 and a two-hundred day moving average of $160.35.

Insider Buying and Selling

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 transaction of $7,433,289.06. Following the sale, the insider now directly owns 387,137 shares in the company, valued at $68,112,883.78. This trade represents a 9.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BX has been the topic of a number of recent analyst reports. Piper Sandler upped their target price on shares of Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods lowered their price objective on shares of Blackstone from $175.00 to $174.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their price target on Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Wells Fargo & Company lowered their target price on Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Morgan Stanley increased their price target on shares of Blackstone from $164.00 to $177.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $169.56.

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.