Bill Few Associates Inc. Reduces Position in Blackstone Inc. (NYSE:BX)

Bill Few Associates Inc. decreased its stake in shares of Blackstone Inc. (NYSE:BX) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,628 shares of the asset manager’s stock after selling 732 shares during the period. Blackstone comprises about 2.2% of Bill Few Associates Inc.’s holdings, making the stock its 9th largest position. Bill Few Associates Inc.’s holdings in Blackstone were worth $6,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in Blackstone by 15,357.3% in the third quarter. International Assets Investment Management LLC now owns 4,201,150 shares of the asset manager’s stock valued at $6,433,220,000 after acquiring an additional 4,173,971 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Blackstone by 213.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,375,969 shares of the asset manager’s stock valued at $170,345,000 after buying an additional 937,084 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Blackstone by 468.4% in the 2nd quarter. Mackenzie Financial Corp now owns 1,107,547 shares of the asset manager’s stock worth $137,114,000 after acquiring an additional 912,685 shares during the last quarter. Castleark Management LLC bought a new position in Blackstone during the third quarter worth about $67,472,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Blackstone by 7,917.6% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 400,000 shares of the asset manager’s stock valued at $49,520,000 after purchasing an additional 395,011 shares during the period. 70.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BX has been the topic of a number of analyst reports. BMO Capital Markets boosted their price objective on Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Cowen restated a “hold” rating on shares of Blackstone in a research report on Friday, October 18th. UBS Group boosted their price target on shares of Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Bank of America lifted their price objective on Blackstone from $171.00 to $192.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Citigroup lifted their price target on Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $169.56.

Insider Buying and Selling

In other Blackstone news, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 387,137 shares in the company, valued at approximately $68,112,883.78. This represents a 9.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Blackstone Stock Performance

Shares of BX stock opened at $182.70 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Blackstone Inc. has a 52 week low of $115.82 and a 52 week high of $200.96. The firm has a market capitalization of $131.91 billion, a price-to-earnings ratio of 62.78, a PEG ratio of 1.21 and a beta of 1.53. The stock has a fifty day moving average of $180.71 and a 200 day moving average of $159.71.

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.