Blackstone Inc. (NYSE:BX) Given Consensus Rating of “Hold” by Brokerages

Shares of Blackstone Inc. (NYSE:BX) have earned a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $169.56.

A number of equities research analysts have recently weighed in on BX shares. Piper Sandler raised their price objective on shares of Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. The Goldman Sachs Group lifted their price target on Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Evercore ISI boosted their target price on Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their price target 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. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Blackstone from $175.00 to $174.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th.

Blackstone Stock Up 0.9 %

BX stock opened at $181.52 on Wednesday. Blackstone has a fifty-two week low of $115.82 and a fifty-two week high of $200.96. The company’s 50 day moving average price is $180.67 and its 200 day moving average price 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. The firm has a market capitalization of $131.06 billion, a price-to-earnings ratio of 62.38, a PEG ratio of 1.20 and a beta of 1.53.

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 owns 387,137 shares in the company, valued at approximately $68,112,883.78. This represents a 9.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Bangor Savings Bank grew its stake in shares of Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after purchasing an additional 105 shares during the period. West Financial Advisors LLC purchased a new position in Blackstone in the third quarter valued at about $27,000. Berbice Capital Management LLC purchased a new stake in shares of Blackstone during the 4th quarter worth approximately $34,000. Kieckhefer Group LLC purchased a new position in Blackstone in the 4th quarter valued at approximately $39,000. Finally, Raleigh Capital Management Inc. raised its holdings in Blackstone by 32.1% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after purchasing an additional 62 shares during the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

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.