Magnus Financial Group LLC Boosts Holdings in Blackstone Inc. (NYSE:BX)

Magnus Financial Group LLC boosted its holdings in shares of Blackstone Inc. (NYSE:BX) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,192 shares of the asset manager’s stock after acquiring an additional 767 shares during the period. Magnus Financial Group LLC’s holdings in Blackstone were worth $3,309,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of Blackstone by 3.5% in the second quarter. American Century Companies Inc. now owns 58,777 shares of the asset manager’s stock worth $7,277,000 after acquiring an additional 2,002 shares during the period. AE Wealth Management LLC grew its stake in shares of Blackstone by 100.5% in the second quarter. AE Wealth Management LLC now owns 10,119 shares of the asset manager’s stock worth $1,253,000 after acquiring an additional 5,072 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Blackstone by 4.5% in the second quarter. Pacer Advisors Inc. now owns 50,996 shares of the asset manager’s stock worth $6,313,000 after buying an additional 2,206 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Blackstone by 2.4% in the second quarter. Thrivent Financial for Lutherans now owns 44,614 shares of the asset manager’s stock worth $5,524,000 after buying an additional 1,036 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Blackstone by 3.8% in the second quarter. ProShare Advisors LLC now owns 160,486 shares of the asset manager’s stock worth $19,868,000 after buying an additional 5,854 shares during the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

Blackstone Trading Down 0.3 %

Shares of BX opened at $181.06 on Wednesday. The company’s fifty day moving average is $180.68 and its 200 day moving average is $159.55. Blackstone Inc. has a fifty-two week low of $115.82 and a fifty-two week high of $200.96. The stock has a market capitalization of $130.73 billion, a PE ratio of 62.22, a P/E/G ratio of 1.20 and a beta of 1.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71.

Wall Street Analyst Weigh In

BX has been the topic of a number of research reports. TD Cowen raised shares of Blackstone from a “hold” rating to a “buy” rating and raised their price objective for the stock from $149.00 to $230.00 in a report on Monday, December 9th. Bank of America raised their price objective on shares of Blackstone from $171.00 to $192.00 and gave the stock a “buy” rating in a report on Friday, October 18th. StockNews.com raised shares of Blackstone from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays lowered their price target on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, The Goldman Sachs Group lifted their price target on shares of Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $169.56.

Insider Buying and Selling

In other Blackstone news, insider John G. Finley sold 42,249 shares of the business’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 transaction, the insider now owns 387,137 shares in the company, 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 legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by company insiders.

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.