Integrated Investment Consultants LLC Has $279,000 Stock Holdings in Blackstone Inc. (NYSE:BX)

Integrated Investment Consultants LLC raised its holdings in Blackstone Inc. (NYSE:BX) by 6.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,617 shares of the asset manager’s stock after acquiring an additional 100 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Blackstone were worth $279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its stake in Blackstone by 4.1% during the fourth quarter. Brooklyn Investment Group now owns 1,840 shares of the asset manager’s stock worth $317,000 after acquiring an additional 73 shares in the last quarter. Merit Financial Group LLC boosted its stake in Blackstone by 156.9% during the fourth quarter. Merit Financial Group LLC now owns 33,052 shares of the asset manager’s stock worth $5,699,000 after acquiring an additional 20,188 shares in the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in Blackstone by 5.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 3,088 shares of the asset manager’s stock worth $532,000 after acquiring an additional 170 shares in the last quarter. Avanza Fonder AB bought a new position in Blackstone during the fourth quarter worth $9,005,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in Blackstone by 3.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 27,774 shares of the asset manager’s stock worth $4,789,000 after buying an additional 959 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Blackstone news, insider John G. Finley sold 42,249 shares of Blackstone stock in a transaction that occurred 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 sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

BX has been the topic of several research reports. The Goldman Sachs Group upped their price objective on shares of Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods lowered their target price on shares of Blackstone from $175.00 to $174.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Evercore ISI increased their target price on shares of Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Piper Sandler increased their target price on shares of Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a report on Monday, November 11th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $169.56.

Blackstone Price Performance

Shares of NYSE:BX opened at $180.00 on Friday. The company has a 50-day moving average price of $180.73 and a two-hundred day moving average price of $158.24. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Blackstone Inc. has a twelve month low of $115.63 and a twelve month high of $200.96. The firm has a market capitalization of $129.96 billion, a PE ratio of 61.86, a P/E/G ratio of 1.02 and a beta of 1.53.

Blackstone (NYSE:BX) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.37 billion. Equities analysts forecast that Blackstone Inc. will post 4.45 EPS for the current 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.