New York State Common Retirement Fund Has $151.40 Million Stock Holdings in Blackstone Inc. $BX

New York State Common Retirement Fund decreased its stake in shares of Blackstone Inc. (NYSE:BX) by 0.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 886,134 shares of the asset manager’s stock after selling 4,000 shares during the period. New York State Common Retirement Fund’s holdings in Blackstone were worth $151,396,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BX. TD Waterhouse Canada Inc. grew its stake in shares of Blackstone by 7.9% during the third quarter. TD Waterhouse Canada Inc. now owns 220,421 shares of the asset manager’s stock valued at $37,085,000 after purchasing an additional 16,064 shares during the last quarter. one8zero8 LLC boosted its position in Blackstone by 1.4% in the 3rd quarter. one8zero8 LLC now owns 68,354 shares of the asset manager’s stock valued at $11,678,000 after buying an additional 912 shares during the last quarter. Traynor Capital Management Inc. increased its stake in shares of Blackstone by 31.6% in the 3rd quarter. Traynor Capital Management Inc. now owns 2,144 shares of the asset manager’s stock valued at $366,000 after buying an additional 515 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Blackstone by 14.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 120,829 shares of the asset manager’s stock valued at $20,644,000 after acquiring an additional 15,297 shares during the period. Finally, Valeo Financial Advisors LLC increased its position in Blackstone by 4.6% in the third quarter. Valeo Financial Advisors LLC now owns 13,901 shares of the asset manager’s stock worth $2,375,000 after purchasing an additional 615 shares during the period. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Stock Down 1.2%

Shares of Blackstone stock opened at $146.64 on Thursday. Blackstone Inc. has a 1 year low of $115.66 and a 1 year high of $190.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $108.28 billion, a P/E ratio of 41.90, a price-to-earnings-growth ratio of 1.05 and a beta of 1.75. The business has a 50-day moving average of $152.95 and a two-hundred day moving average of $161.08.

Blackstone (NYSE:BX) last posted its earnings results on Thursday, January 29th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. Blackstone had a return on equity of 22.30% and a net margin of 20.56%.The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $3.69 billion. As a group, equities analysts predict that Blackstone Inc. will post 5.87 EPS for the current year.

Wall Street Analysts Forecast Growth

BX has been the subject of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Blackstone from $173.00 to $174.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Barclays lowered their target price on shares of Blackstone from $172.00 to $171.00 and set an “equal weight” rating for the company in a report on Friday, January 9th. Weiss Ratings restated a “hold (c)” rating on shares of Blackstone in a research report on Wednesday, January 21st. UBS Group dropped their price objective on Blackstone from $175.00 to $172.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. Finally, Rothschild & Co Redburn decreased their target price on Blackstone from $168.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. Nine investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $177.05.

Insider Transactions at Blackstone

In other news, Director Ruth Porat purchased 324 shares of the company’s stock in a transaction on Monday, November 10th. The shares were purchased at an average price of $146.92 per share, with a total value of $47,602.08. Following the purchase, the director directly owned 39,077 shares of the company’s stock, valued at $5,741,192.84. This trade represents a 0.84% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Holdings Iv Gp Mana Blackstone acquired 384,468 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were purchased at an average price of $26.01 per share, with a total value of $10,000,012.68. Following the completion of the acquisition, the insider owned 16,525,117 shares of the company’s stock, valued at $429,818,293.17. This represents a 2.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 783,978 shares of company stock worth $22,058,454. Company insiders own 1.00% of the company’s stock.

About Blackstone

Blackstone Inc (NYSE: BX) is a global investment firm focused on alternative asset management. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and headquartered in New York City, the firm organizes and manages investment vehicles that acquire and operate businesses, real estate and credit investments, as well as provide hedge fund solutions and other alternative strategies for institutional and individual investors.

Blackstone’s business is organized around several principal investment platforms.