XML Financial LLC Sells 209 Shares of Blackstone Inc. (NYSE:BX)

XML Financial LLC trimmed its position in shares of Blackstone Inc. (NYSE:BX) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,101 shares of the asset manager’s stock after selling 209 shares during the quarter. XML Financial LLC’s holdings in Blackstone were worth $2,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in BX. Nisa Investment Advisors LLC lifted its position in shares of Blackstone by 13.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 134,116 shares of the asset manager’s stock worth $23,124,000 after buying an additional 15,755 shares in the last quarter. Simon Quick Advisors LLC boosted its position in Blackstone by 7.0% in the fourth quarter. Simon Quick Advisors LLC now owns 5,345 shares of the asset manager’s stock worth $922,000 after purchasing an additional 349 shares during the last quarter. Red Spruce Capital LLC purchased a new stake in shares of Blackstone during the 4th quarter valued at $409,000. Sheets Smith Wealth Management boosted its holdings in shares of Blackstone by 2.8% in the 4th quarter. Sheets Smith Wealth Management now owns 7,314 shares of the asset manager’s stock worth $1,261,000 after buying an additional 200 shares during the last quarter. Finally, Bourgeon Capital Management LLC purchased a new stake in Blackstone during the fourth quarter worth about $880,000. 70.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Barclays lowered their target price on Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. TD Cowen raised Blackstone from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $149.00 to $230.00 in a report on Monday, December 9th. Wells Fargo & Company cut their target price on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group boosted their price target on shares of Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $169.56.

Blackstone Stock Up 0.9 %

BX stock opened at $181.52 on Wednesday. Blackstone Inc. has a 1-year low of $115.82 and a 1-year high of $200.96. The stock has a market cap of $131.06 billion, a price-to-earnings ratio of 62.38, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $180.67 and its 200 day moving average is $159.13.

Insider Activity

In other Blackstone news, insider John G. Finley sold 42,249 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 387,137 shares in the company, valued at $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 SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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.