Mirador Capital Partners LP Grows Stock Holdings in Blackstone Inc. (NYSE:BX)

Mirador Capital Partners LP lifted its holdings in shares of Blackstone Inc. (NYSE:BX) by 2.0% during the 4th quarter, Holdings Channel reports. The firm owned 97,536 shares of the asset manager’s stock after purchasing an additional 1,928 shares during the period. Blackstone makes up 3.0% of Mirador Capital Partners LP’s holdings, making the stock its 7th largest holding. Mirador Capital Partners LP’s holdings in Blackstone were worth $16,817,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sather Financial Group Inc boosted its position in shares of Blackstone by 202.5% during the 3rd quarter. Sather Financial Group Inc now owns 6,050 shares of the asset manager’s stock worth $926,000 after acquiring an additional 4,050 shares in the last quarter. Portside Wealth Group LLC acquired a new stake in shares of Blackstone during the 3rd quarter worth approximately $201,000. Aljian Capital Management LLC acquired a new stake in shares of Blackstone during the 3rd quarter worth approximately $1,951,000. Icon Wealth Advisors LLC boosted its position in shares of Blackstone by 2,185.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 18,946 shares of the asset manager’s stock worth $2,901,000 after acquiring an additional 18,117 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Blackstone by 3.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,169,526 shares of the asset manager’s stock worth $179,089,000 after acquiring an additional 36,343 shares in the last quarter. 70.00% of the stock is owned by institutional investors.

Blackstone Stock Performance

Shares of BX stock opened at $175.91 on Thursday. The stock has a market capitalization of $127.01 billion, a P/E ratio of 60.45, a PEG ratio of 1.02 and a beta of 1.53. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average is $180.70 and its 200 day moving average is $157.59. Blackstone Inc. has a 12 month low of $114.88 and a 12 month high of $200.96.

Blackstone (NYSE:BX) last announced its quarterly earnings results on Thursday, October 17th. The asset manager reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.10. Blackstone had a net margin of 19.46% and a return on equity of 17.53%. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.37 billion. On average, sell-side analysts anticipate that Blackstone Inc. will post 4.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BX shares. 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. Evercore ISI raised their target price 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. UBS Group raised their target price 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. Citigroup raised their target price on shares of Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, November 11th. 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, Blackstone presently has an average rating of “Hold” and a consensus target price of $169.56.

Insiders Place Their Bets

In other Blackstone news, insider John G. Finley sold 42,249 shares of the stock in a transaction that occurred on 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 directly owns 387,137 shares in the company, valued at $68,112,883.78. This represents a 9.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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.