Crossmark Global Holdings Inc. Lowers Holdings in Blackstone Inc. (NYSE:BX)

Crossmark Global Holdings Inc. lessened its holdings in Blackstone Inc. (NYSE:BX) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,416 shares of the asset manager’s stock after selling 82 shares during the period. Crossmark Global Holdings Inc.’s holdings in Blackstone were worth $5,417,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. West Financial Advisors LLC purchased a new stake in Blackstone during the 3rd quarter worth about $27,000. Bangor Savings Bank grew its position in shares of 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 in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Blackstone in the second quarter valued at approximately $39,000. Raleigh Capital Management Inc. grew 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 worth $39,000 after acquiring an additional 62 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in shares of Blackstone in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Evercore ISI increased their target price on Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised their target price on Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com raised shares of Blackstone from a “hold” rating to a “buy” rating in a report on Tuesday. The Goldman Sachs Group upped their target price on shares of Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Blackstone has an average rating of “Hold” and an average price target of $169.56.

Insider Buying and Selling

In other Blackstone news, insider John G. Finley sold 42,249 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was 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 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 currently owned by corporate insiders.

Blackstone Stock Performance

Shares of BX opened at $181.52 on Wednesday. The stock has a market capitalization of $131.06 billion, a P/E ratio of 62.38, a P/E/G ratio of 1.20 and a beta of 1.53. The company’s fifty day moving average is $180.67 and its two-hundred day moving average is $159.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96.

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.