Blackstone Inc. (NYSE:BX) Shares Acquired by Ullmann Wealth Partners Group LLC

Ullmann Wealth Partners Group LLC grew its position in Blackstone Inc. (NYSE:BX) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,719 shares of the asset manager’s stock after acquiring an additional 133 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Blackstone were worth $814,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Carnegie Investment Counsel increased its position in Blackstone by 7.0% during the 4th quarter. Carnegie Investment Counsel now owns 1,536 shares of the asset manager’s stock worth $265,000 after purchasing an additional 101 shares in the last quarter. Mirador Capital Partners LP increased its stake in Blackstone by 2.0% during the fourth quarter. Mirador Capital Partners LP now owns 97,536 shares of the asset manager’s stock worth $16,817,000 after acquiring an additional 1,928 shares during the last quarter. StrongBox Wealth LLC grew its stake in Blackstone by 2.8% during the fourth quarter. StrongBox Wealth LLC now owns 18,078 shares of the asset manager’s stock worth $3,117,000 after buying an additional 484 shares during the period. West Financial Advisors LLC lifted its stake in shares of Blackstone by 335.2% during the fourth quarter. West Financial Advisors LLC now owns 766 shares of the asset manager’s stock worth $132,000 after purchasing an additional 590 shares in the last quarter. Finally, Smith Thornton Advisors LLC purchased a new position in Blackstone in the fourth quarter valued at about $213,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. BMO Capital Markets upped their price objective on shares of Blackstone from $134.00 to $157.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Evercore ISI boosted their price objective on Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Bank of America lifted their price target on shares of Blackstone from $171.00 to $192.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, StockNews.com upgraded shares of Blackstone from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $169.56.

Insider Activity at Blackstone

In other 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 value of $7,433,289.06. Following the completion of the sale, the insider now 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 legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Blackstone Price Performance

Blackstone stock opened at $176.68 on Friday. The stock has a market capitalization of $127.56 billion, a P/E ratio of 60.71, a price-to-earnings-growth ratio of 1.02 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. The stock has a fifty day moving average of $180.67 and a 200-day moving average of $157.71. Blackstone Inc. has a 52 week low of $114.88 and a 52 week high of $200.96.

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

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.