<div id="readability-page-1"><p>World Investment Advisors grew its position in  Blackstone Inc. (NYSE:BX - Free Report) by 12.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 84,881 shares of the asset manager's stock after buying an additional 9,563 shares during the period. World Investment Advisors' holdings in Blackstone were worth $14,502,000 at the end of the most recent reporting period.</p><ul><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul><p>Several other hedge funds have also added to or reduced their stakes in BX. Traub Capital Management LLC bought a new position in shares of  Blackstone during the second quarter worth $27,000.  1248 Management LLC acquired a new position in  Blackstone in the first quarter valued at about $25,000.  Family CFO Inc acquired a new stake in shares of  Blackstone during the second quarter worth about $28,000.  Wealth Preservation Advisors LLC acquired a new position in shares of  Blackstone in the 1st quarter valued at approximately $28,000.  Finally, Anderson Financial Strategies LLC acquired a new stake in  Blackstone during the 1st quarter worth approximately $28,000. Institutional investors own  70.00% of the company's stock. </p><h2>Insider Activity at Blackstone</h2><p>In other news, major shareholder Holdings Iv Gp Mana Blackstone purchased 385,208 shares of Blackstone stock in a transaction that occurred on Friday, November 21st. The stock was acquired at an average cost of $25.96 per share, for a total transaction of $9,999,999.68. Following the purchase, the insider directly owned 16,332,883 shares of the company's stock, valued at $424,001,642.68. This trade represents a 2.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ruth Porat bought 324 shares of the company's stock in a transaction dated Monday, November 10th. The shares were purchased at an average cost of $146.92 per share, with a total value of $47,602.08. Following the acquisition, the director directly owned 39,077 shares of the company's stock, valued at approximately $5,741,192.84. This represents a 0.84% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 797,148 shares of company stock valued at $24,050,153 in the last 90 days. Insiders own  1.00% of the company's stock. </p><h2>Analyst Ratings Changes</h2><ul><li>Hidden Gems: 3 Quiet Stocks With Loud Potential</li></ul><p>BX has been the subject of several research reports. JPMorgan Chase &amp; Co. lowered their price objective on shares of Blackstone from $177.00 to $176.00 and set a &#34;neutral&#34; rating for the company in a research report on Friday, October 24th. BMO Capital Markets cut their target price on Blackstone from $190.00 to $180.00 and set an &#34;outperform&#34; rating on the stock in a research note on Monday, October 27th. Bank of America lowered their price objective on shares of Blackstone from $199.00 to $189.00 in a report on Wednesday, December 10th. Evercore ISI decreased their target price on shares of Blackstone from $197.00 to $180.00 and set an &#34;outperform&#34; rating for the company in a research report on Wednesday, October 22nd. Finally, JMP Securities  restated a &#34;market outperform&#34; rating and set a $195.00 price objective on shares of Blackstone in a research note on Friday, October 24th. Ten analysts have rated the stock with a Buy rating and ten have assigned  a Hold rating to the company's stock. Based on data from MarketBeat, Blackstone presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $179.95.</p><p><b>View Our Latest Report on BX</b></p><h2>Blackstone Stock Up 0.9%</h2><ul><li>Big Dividend Hikes: 4 Large-Cap Stocks Increasing Payouts</li></ul><p>Shares of BX stock opened at $156.53 on Thursday. The firm's 50-day moving average is $149.09 and its 200-day moving average is $159.50. The stock has a market cap of $115.59 billion, a price-to-earnings ratio of 44.72, a PEG ratio of 1.32 and a beta of 1.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. Blackstone Inc. has a 52-week low of $115.66 and a 52-week high of $190.09. </p><p>Blackstone (NYSE:BX - Get Free Report) last released its quarterly earnings data on Friday, November 22nd. The asset manager reported $0.97 earnings per share (EPS) for the quarter. Blackstone had a return on equity of 22.30% and a net margin of 20.56%.The company had revenue of $2.49 billion during the quarter.  Sell-side analysts predict that  Blackstone Inc. will post 5.87 EPS for the current year. </p><h2>Blackstone Increases Dividend</h2><p>The business also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were issued a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from Blackstone's previous quarterly dividend of $1.03. Blackstone's payout ratio is presently 147.43%. </p><h2>Blackstone Profile</h2> (Free Report)<p>Blackstone Inc <span>NYSE: BX<span></span></span> 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.  </p><p>Blackstone's business is organized around several principal investment platforms.</p><h2>See Also</h2><ul><li>Five stocks we like better than Blackstone</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>Forget AI, This Will Be the Next Big Tech Breakthrough</li></ul><p><strong>Want to see what other hedge funds are holding BX?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Inc. (NYSE:BX - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJY?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJY"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Blackstone Right Now?</h2><p>Before you consider Blackstone, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blackstone wasn't on the list.</p><p>While Blackstone currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>World Investment Advisors increased its stake in Blackstone Inc. by 12.7% in Q3, owning 84,881 shares valued at $14.5 million. Analysts have adjusted Blackstone's target price, with a consensus rating of "Moderate Buy" and a target price of $179.95. Blackstone's stock opened at $156.53, with a market cap of $115.59 billion. Insiders bought 797,148 shares valued at $24 million in the last 90 days.</p>

World Investment Advisors Has $14.50 Million Position in Blackstone Inc. $BX