Blackstone Inc. (NYSE:BX) Shares Acquired by Graypoint LLC

Graypoint LLC lifted its position in shares of Blackstone Inc. (NYSE:BX - Free Report) by 11.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,486 shares of the asset manager's stock after buying an additional 4,562 shares during the period. Graypoint LLC's holdings in Blackstone were worth $6,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. von Borstel & Associates Inc. acquired a new stake in shares of Blackstone during the 1st quarter worth approximately $28,000. Murphy & Mullick Capital Management Corp acquired a new position in Blackstone during the fourth quarter worth $33,000. Bernard Wealth Management Corp. acquired a new position in Blackstone during the fourth quarter worth $34,000. Putney Financial Group LLC acquired a new position in Blackstone during the fourth quarter worth $34,000. Finally, Garde Capital Inc. acquired a new position in Blackstone during the first quarter worth $36,000. Institutional investors and hedge funds own 70.00% of the company's stock.

Insider Buying and Selling at Blackstone

In other Blackstone news, major shareholder Holdings I. L.P. Blackstone acquired 1,189,532 shares of the company's stock in a transaction on Friday, July 18th. The shares were bought at an average cost of $25.22 per share, for a total transaction of $29,999,997.04. Following the completion of the purchase, the insider owned 4,178,771 shares in the company, valued at $105,388,604.62. This trade represents a 39.79% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Private Credit Stra Blackstone acquired 1,660,000 shares of the company's stock in a transaction on Thursday, May 1st. The stock was acquired at an average price of $15.00 per share, for a total transaction of $24,900,000.00. Following the completion of the purchase, the insider owned 1,666,667 shares of the company's stock, valued at $25,000,005. This trade represents a 24,898.76% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 2,849,769 shares of company stock valued at $54,932,307. Company insiders own 1.00% of the company's stock.

Blackstone Stock Down 2.1%

Shares of Blackstone stock traded down $3.63 during trading on Friday, hitting $168.86. 4,127,243 shares of the stock were exchanged, compared to its average volume of 3,883,181. The firm's 50-day moving average price is $146.01 and its 200 day moving average price is $150.73. Blackstone Inc. has a 12-month low of $115.66 and a 12-month high of $200.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $123.21 billion, a price-to-earnings ratio of 50.86, a price-to-earnings-growth ratio of 1.50 and a beta of 1.65.

Blackstone (NYSE:BX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The asset manager reported $1.09 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.13). Blackstone had a return on equity of 19.84% and a net margin of 19.83%. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. As a group, analysts forecast that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BX has been the topic of a number of research reports. Citizens Jmp upgraded Blackstone from a "market perform" rating to an "outperform" rating and set a $165.00 price target on the stock in a research note on Tuesday, April 8th. Citigroup raised their price target on shares of Blackstone from $137.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. Cowen reissued a "buy" rating on shares of Blackstone in a research report on Monday, April 21st. UBS Group decreased their price target on shares of Blackstone from $180.00 to $175.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Morgan Stanley decreased their price target on shares of Blackstone from $222.00 to $150.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $162.18.

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.