Vantage Investment Partners LLC Sells 18,976 Shares of Blackstone Inc. (NYSE:BX)

Vantage Investment Partners LLC reduced its position in Blackstone Inc. (NYSE:BX) by 17.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 86,972 shares of the asset manager’s stock after selling 18,976 shares during the period. Blackstone comprises 1.3% of Vantage Investment Partners LLC’s holdings, making the stock its 20th largest position. Vantage Investment Partners LLC’s holdings in Blackstone were worth $14,996,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BX. State Street Corp boosted its stake in shares of Blackstone by 1.2% in the third quarter. State Street Corp now owns 30,020,426 shares of the asset manager’s stock valued at $4,597,028,000 after buying an additional 348,751 shares during the period. Geode Capital Management LLC grew its stake in Blackstone by 2.3% during the third quarter. Geode Capital Management LLC now owns 14,896,413 shares of the asset manager’s stock worth $2,272,227,000 after buying an additional 336,308 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Blackstone by 15,357.3% during the 3rd quarter. International Assets Investment Management LLC now owns 4,201,150 shares of the asset manager’s stock worth $6,433,220,000 after acquiring an additional 4,173,971 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Blackstone by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,931,411 shares of the asset manager’s stock valued at $602,017,000 after purchasing an additional 61,739 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Blackstone by 3.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,430,909 shares of the asset manager’s stock valued at $525,375,000 after purchasing an additional 116,367 shares in the last quarter. Institutional investors own 70.00% of the company’s stock.

Wall Street Analyst Weigh In

BX has been the subject of several research reports. Barclays dropped their target price on Blackstone from $199.00 to $192.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. StockNews.com raised shares of Blackstone from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. TD Cowen raised shares of Blackstone from a “hold” rating to a “buy” rating and upped their price target for the company from $149.00 to $230.00 in a research report on Monday, December 9th. Bank of America boosted their price objective on Blackstone from $171.00 to $192.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Piper Sandler lifted their target price on Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $169.56.

Blackstone Stock Performance

BX stock opened at $182.59 on Tuesday. The business has a 50 day moving average of $180.90 and a 200-day moving average of $160.88. 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 12-month low of $115.82 and a 12-month high of $200.96. The firm has a market cap of $131.83 billion, a PE ratio of 62.75, a P/E/G ratio of 1.22 and a beta of 1.53.

Insider Transactions 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 stock was 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 of the company’s stock, valued at $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 is available at the SEC website. Company insiders own 1.00% of the company’s stock.

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.