Compass Wealth Management LLC Trims Stock Holdings in Blackstone Inc. (NYSE:BX)

Compass Wealth Management LLC reduced its position in shares of Blackstone Inc. (NYSE:BX) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,844 shares of the asset manager’s stock after selling 1,314 shares during the period. Blackstone comprises 1.8% of Compass Wealth Management LLC’s investment portfolio, making the stock its 9th largest holding. Compass Wealth Management LLC’s holdings in Blackstone were worth $7,387,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Grange Capital LLC acquired a new position in shares of Blackstone in the fourth quarter worth approximately $8,757,000. Linden Thomas Advisory Services LLC lifted its position in shares of Blackstone by 4.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 15,965 shares of the asset manager’s stock worth $2,753,000 after purchasing an additional 699 shares during the period. Aspiring Ventures LLC acquired a new stake in shares of Blackstone during the fourth quarter worth $215,000. Fifth Third Bancorp boosted its position in Blackstone by 21.1% during the fourth quarter. Fifth Third Bancorp now owns 113,274 shares of the asset manager’s stock valued at $19,531,000 after acquiring an additional 19,741 shares during the last quarter. Finally, Firethorn Wealth Partners LLC acquired a new stake in Blackstone in the fourth quarter worth $212,000. Institutional investors own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BX shares. Morgan Stanley increased their price objective 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. Cowen restated a “hold” rating on shares of Blackstone in a report on Friday, October 18th. Citigroup boosted their price target on shares of Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Evercore ISI boosted their target price on shares of Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, TD Cowen raised shares of 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 research report on Monday, December 9th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Blackstone presently has an average rating of “Hold” and an average price target of $169.56.

Insider Buying and Selling

In other news, insider John G. Finley sold 42,249 shares of the 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 completion of the sale, the insider now directly owns 387,137 shares in the company, valued at approximately $68,112,883.78. This represents a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Blackstone Stock Performance

Blackstone stock opened at $186.79 on Friday. Blackstone Inc. has a twelve month low of $115.82 and a twelve 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 firm has a fifty day simple moving average of $180.90 and a two-hundred day simple moving average of $160.35. The company has a market capitalization of $134.86 billion, a PE ratio of 64.19, a P/E/G ratio of 1.22 and a beta of 1.53.

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.