Certified Advisory Corp Sells 96 Shares of Blackstone Inc. (NYSE:BX)

Certified Advisory Corp lowered its stake in Blackstone Inc. (NYSE:BX) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,129 shares of the asset manager’s stock after selling 96 shares during the quarter. Certified Advisory Corp’s holdings in Blackstone were worth $367,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ullmann Wealth Partners Group LLC raised its position in shares of Blackstone by 2.9% in the 4th quarter. Ullmann Wealth Partners Group LLC now owns 4,719 shares of the asset manager’s stock worth $814,000 after purchasing an additional 133 shares during the last quarter. Carnegie Investment Counsel increased its stake in Blackstone by 7.0% during the 4th quarter. Carnegie Investment Counsel now owns 1,536 shares of the asset manager’s stock valued at $265,000 after purchasing an additional 101 shares in the last quarter. Mirador Capital Partners LP lifted its stake in shares of Blackstone by 2.0% in the fourth quarter. Mirador Capital Partners LP now owns 97,536 shares of the asset manager’s stock worth $16,817,000 after buying an additional 1,928 shares in the last quarter. StrongBox Wealth LLC increased its position in shares of Blackstone by 2.8% during the fourth quarter. StrongBox Wealth LLC now owns 18,078 shares of the asset manager’s stock valued at $3,117,000 after acquiring an additional 484 shares in the last quarter. Finally, West Financial Advisors LLC raised its holdings in Blackstone by 335.2% in the 4th quarter. West Financial Advisors LLC now owns 766 shares of the asset manager’s stock worth $132,000 after acquiring an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insider Buying and Selling

In other Blackstone news, insider John G. Finley sold 42,249 shares of Blackstone 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 completion of the sale, the insider now directly owns 387,137 shares of the company’s stock, valued at $68,112,883.78. The trade was a 9.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BX. Citigroup boosted their price target on Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research note 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 on the stock in a research note on Monday, January 13th. Evercore ISI boosted their price objective on shares of Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, October 14th. StockNews.com upgraded shares of Blackstone from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Finally, Bank of America raised their price target on Blackstone from $171.00 to $192.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Blackstone 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 Friday. Blackstone Inc. has a 12-month low of $115.63 and a 12-month high of $200.96. The company has a market cap of $129.96 billion, a PE ratio of 61.86, a price-to-earnings-growth ratio of 1.02 and a beta of 1.53. The stock has a 50 day moving average of $180.68 and a 200 day moving average of $157.84. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Blackstone (NYSE:BX) last released its earnings results on Thursday, October 17th. The asset manager reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.10. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Blackstone had a return on equity of 17.53% and a net margin of 19.46%. As a group, equities research analysts expect that Blackstone Inc. will post 4.45 EPS for the current year.

About Blackstone

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.