Linden Thomas Advisory Services LLC Acquires 699 Shares of Blackstone Inc. (NYSE:BX)

Linden Thomas Advisory Services LLC boosted its holdings in shares of Blackstone Inc. (NYSE:BX) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,965 shares of the asset manager’s stock after buying an additional 699 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Blackstone were worth $2,753,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BX. West Financial Advisors LLC bought a new position in shares of Blackstone during the 3rd quarter worth approximately $27,000. Bangor Savings Bank increased 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 purchasing an additional 105 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Blackstone during the 4th quarter valued at $34,000. Strategic Investment Solutions Inc. IL purchased a new position in Blackstone during the 2nd quarter worth $39,000. Finally, Raleigh Capital Management Inc. boosted its holdings in Blackstone by 32.1% in the third 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. Institutional investors own 70.00% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several equities analysts recently commented on BX shares. Evercore ISI increased their price objective on shares of Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Citigroup boosted their price objective on shares of Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Cowen reissued a “hold” rating on shares of Blackstone in a report on Friday, October 18th. Finally, TD Cowen upgraded Blackstone from a “hold” rating to a “buy” rating and upped their target price for the company from $149.00 to $230.00 in a research report on Monday, December 9th. Twelve 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 currently has a consensus rating of “Hold” and an average price target of $169.56.

Blackstone Trading Up 0.7 %

Shares of Blackstone stock opened at $186.79 on Friday. Blackstone Inc. has a fifty-two week low of $115.82 and a fifty-two week high of $200.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $134.86 billion, a P/E ratio of 64.19, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. The firm has a 50-day simple moving average of $180.90 and a two-hundred day simple moving average of $160.35.

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.