Mirador Capital Partners LP Has $16.82 Million Stake in Blackstone Inc. (NYSE:BX)

Mirador Capital Partners LP raised its holdings in shares of Blackstone Inc. (NYSE:BX) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,536 shares of the asset manager’s stock after purchasing an additional 1,928 shares during the quarter. Blackstone accounts for approximately 3.0% of Mirador Capital Partners LP’s investment portfolio, making the stock its 7th largest holding. Mirador Capital Partners LP’s holdings in Blackstone were worth $16,817,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in shares of Blackstone by 15,357.3% during the third quarter. International Assets Investment Management LLC now owns 4,201,150 shares of the asset manager’s stock worth $6,433,220,000 after acquiring an additional 4,173,971 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Blackstone by 213.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,375,969 shares of the asset manager’s stock valued at $170,345,000 after acquiring an additional 937,084 shares during the period. Mackenzie Financial Corp raised its stake in shares of Blackstone by 468.4% during the 2nd quarter. Mackenzie Financial Corp now owns 1,107,547 shares of the asset manager’s stock worth $137,114,000 after buying an additional 912,685 shares during the period. Castleark Management LLC acquired a new position in shares of Blackstone during the 3rd quarter worth approximately $67,472,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Blackstone by 7,917.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 400,000 shares of the asset manager’s stock worth $49,520,000 after purchasing an additional 395,011 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Analyst Upgrades and Downgrades

BX has been the topic of several recent analyst reports. Morgan Stanley upped their price target on Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. UBS Group raised their price target on Blackstone from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group lifted their target price on Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Wells Fargo & Company decreased their target price on Blackstone from $195.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, BMO Capital Markets upped their price objective on Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $169.56.

Blackstone Stock Up 0.4 %

Shares of BX opened at $175.91 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The business’s 50 day simple moving average is $180.70 and its 200-day simple moving average is $157.59. Blackstone Inc. has a one year low of $114.88 and a one year high of $200.96. The company has a market capitalization of $127.01 billion, a P/E ratio of 60.45, a PEG ratio of 1.02 and a beta of 1.53.

Blackstone (NYSE:BX) last issued its earnings results on Thursday, October 17th. The asset manager reported $1.01 EPS for the quarter, beating the consensus estimate of $0.91 by $0.10. Blackstone had a net margin of 19.46% and a return on equity of 17.53%. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.37 billion. As a group, sell-side analysts predict that Blackstone Inc. will post 4.45 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. This represents a 9.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

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.