Assenagon Asset Management S.A. Grows Position in Blackstone Inc. (NYSE:BX)

Assenagon Asset Management S.A. boosted its stake in shares of Blackstone Inc. (NYSE:BX) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,769 shares of the asset manager’s stock after buying an additional 1,214 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Blackstone were worth $3,236,000 as of its most recent SEC filing.

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

Blackstone Trading Up 0.9 %

Shares of Blackstone stock opened at $181.52 on Wednesday. The business has a 50 day moving average price of $180.67 and a 200 day moving average price of $159.13. The company has a market capitalization of $131.06 billion, a P/E ratio of 62.38, a P/E/G ratio of 1.20 and a beta of 1.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BX. UBS Group upped their target price on shares of Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods dropped their price objective on Blackstone from $175.00 to $174.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Evercore ISI upped their target price on Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a report on Monday, November 11th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Blackstone presently has a consensus rating of “Hold” and an average target price of $169.56.

Insiders Place Their Bets

In related news, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $175.94, for a total value of $7,433,289.06. Following the completion of the transaction, 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 can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

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.