Gilman Hill Asset Management LLC Has $943,000 Position in Blackstone Inc. (NYSE:BX)

Gilman Hill Asset Management LLC lowered its stake in shares of Blackstone Inc. (NYSE:BX) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,470 shares of the asset manager’s stock after selling 100 shares during the period. Gilman Hill Asset Management LLC’s holdings in Blackstone were worth $943,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BX. West Financial Advisors LLC acquired a new position in shares of Blackstone during the third quarter valued at about $27,000. Bangor Savings Bank raised its position in Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after purchasing an additional 105 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Blackstone in the second quarter worth about $39,000. Raleigh Capital Management Inc. raised its position in Blackstone by 32.1% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after purchasing an additional 62 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new position in Blackstone in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Activity at Blackstone

In related news, insider John G. Finley sold 42,249 shares of the firm’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 transaction, the insider now owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. This trade represents a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

BX has been the subject of several recent research reports. Cowen reissued a “hold” rating on shares of Blackstone in a research report on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on shares of Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. 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 research note on Friday, October 18th. Citigroup upped their price objective on shares of Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, StockNews.com raised shares of Blackstone from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Blackstone presently has an average rating of “Hold” and an average target price of $169.56.

Blackstone Trading Up 1.9 %

Shares of NYSE:BX opened at $180.00 on Monday. Blackstone Inc. has a 12 month low of $115.63 and a 12 month high of $200.96. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $180.73 and its 200 day simple moving average is $158.49. The firm has a market cap of $129.96 billion, a price-to-earnings ratio of 61.86, a PEG ratio of 1.02 and a beta of 1.53.

Blackstone (NYSE:BX) last issued its quarterly earnings data on Thursday, October 17th. The asset manager reported $1.01 EPS for the quarter, topping 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 business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.37 billion. As a group, research analysts forecast that Blackstone Inc. will post 4.45 EPS for the current fiscal year.

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.