MCF Advisors LLC Has $120,000 Stock Holdings in Blackstone Inc. (NYSE:BX)

MCF Advisors LLC cut its holdings in shares of Blackstone Inc. (NYSE:BX) by 41.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 699 shares of the asset manager’s stock after selling 504 shares during the period. MCF Advisors LLC’s holdings in Blackstone were worth $120,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BX. AE Wealth Management LLC boosted its stake in shares of Blackstone by 100.5% during the second quarter. AE Wealth Management LLC now owns 10,119 shares of the asset manager’s stock valued at $1,253,000 after purchasing an additional 5,072 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Blackstone by 2.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 44,614 shares of the asset manager’s stock valued at $5,524,000 after acquiring an additional 1,036 shares during the period. Marshall Wace LLP raised its stake in shares of Blackstone by 3,074.1% during the second quarter. Marshall Wace LLP now owns 107,064 shares of the asset manager’s stock valued at $13,255,000 after acquiring an additional 103,691 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Blackstone by 60.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 136,896 shares of the asset manager’s stock worth $16,948,000 after purchasing an additional 51,795 shares during the last quarter. Finally, Insigneo Advisory Services LLC raised its position in Blackstone by 4.4% during the 2nd quarter. Insigneo Advisory Services LLC now owns 34,174 shares of the asset manager’s stock worth $4,426,000 after purchasing an additional 1,453 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insiders Place Their Bets

In related news, insider John G. Finley sold 42,249 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 387,137 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

BX has been the subject of several recent research reports. Barclays decreased their price target on Blackstone from $199.00 to $192.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Morgan Stanley boosted their price target on shares of Blackstone from $164.00 to $177.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Bank of America increased their price objective 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets boosted their price objective on Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $169.56.

Blackstone Stock Up 0.6 %

BX stock opened at $182.70 on Thursday. The stock’s 50 day moving average is $180.68 and its 200-day moving average is $159.55. Blackstone Inc. has a twelve month low of $115.82 and a twelve month high of $200.96. The firm has a market capitalization of $131.91 billion, a PE ratio of 62.78, a P/E/G ratio of 1.20 and a beta of 1.53. 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 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.