Capital Planning Advisors LLC Increases Stake in Blackstone Inc. (NYSE:BX)

Capital Planning Advisors LLC grew its stake in shares of Blackstone Inc. (NYSE:BX) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,683 shares of the asset manager’s stock after buying an additional 1,801 shares during the quarter. Capital Planning Advisors LLC’s holdings in Blackstone were worth $5,290,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BX. International Assets Investment Management LLC lifted its holdings 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 worth $6,433,220,000 after buying an additional 4,173,971 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Blackstone by 213.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,375,969 shares of the asset manager’s stock worth $170,345,000 after purchasing an additional 937,084 shares in 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 buying an additional 912,685 shares in the last quarter. Castleark Management LLC purchased a new stake in shares of Blackstone during the 3rd quarter valued at about $67,472,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Blackstone by 7,917.6% during 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 in the last quarter. Institutional investors own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Evercore ISI increased their target price on shares of Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, November 11th. BMO Capital Markets raised their price target on Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. StockNews.com upgraded Blackstone from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Wells Fargo & Company reduced their price objective on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Blackstone currently has an average rating of “Hold” and an average price target of $169.56.

Insider Transactions at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the company’s 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 completion of the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Blackstone Price Performance

Shares of BX opened at $182.70 on Thursday. 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 fifty-two week low of $115.82 and a fifty-two week high of $200.96. The business’s 50-day moving average is $180.71 and its two-hundred day moving average is $159.71. The company has a market capitalization of $131.91 billion, a P/E ratio of 62.78, a P/E/G ratio of 1.21 and a beta of 1.53.

Blackstone Company 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.