<div id="readability-page-1"><p>Exchange Traded Concepts LLC raised its holdings in shares of  Blackstone Inc. (NYSE:BX - Free Report) by 733.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor  owned 13,715 shares of the asset manager's stock after buying an additional 12,069 shares during the period. Exchange Traded Concepts LLC's holdings in Blackstone were worth $2,343,000 as of its most recent SEC filing.</p><ul><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul><p>Several other large investors have also modified their holdings of BX. 1248 Management LLC acquired a new stake in shares of  Blackstone during the first quarter worth $25,000.  Traub Capital Management LLC acquired a new stake in  Blackstone during the 2nd quarter worth about $27,000.  Wealth Preservation Advisors LLC acquired a new position in shares of  Blackstone in the first quarter worth about $28,000.  Anderson Financial Strategies LLC purchased a new position in shares of  Blackstone in the first quarter worth approximately $28,000.  Finally, Family CFO Inc purchased a new stake in shares of  Blackstone in the 2nd quarter valued at approximately $28,000. 70.00% of the stock is owned by institutional investors. </p><h2>Analyst Ratings Changes</h2><p>Several brokerages have issued reports on BX. Weiss Ratings  reissued a &#34;hold (c)&#34; rating on shares of Blackstone in a research note on Wednesday, October 8th. Piper Sandler dropped their price target on Blackstone from $173.00 to $168.00 and set a &#34;neutral&#34; rating on the stock in a research report on Friday, October 24th. JMP Securities  restated a &#34;market outperform&#34; rating and set a $195.00 price objective on shares of Blackstone in a research report on Friday, October 24th. Jefferies Financial Group dropped their target price on Blackstone from $199.00 to $187.00 in a report on Monday, November 10th. Finally, 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 on the stock in a research report on Friday, October 24th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company  has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $179.95.</p><ul><li>Hidden Gems: 3 Quiet Stocks With Loud Potential</li></ul><p><b>Check Out Our Latest Research Report on Blackstone</b></p><h2>Blackstone Price Performance</h2><p>Shares of BX opened at $156.53 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $115.59 billion, a PE ratio of 44.72, a PEG ratio of 1.32 and a beta of 1.76. Blackstone Inc. has a twelve month low of $115.66 and a twelve month high of $190.09. The firm's 50 day moving average price is $149.06 and its 200 day moving average price is $159.48. </p><ul><li>Big Dividend Hikes: 4 Large-Cap Stocks Increasing Payouts</li></ul><p>Blackstone (NYSE:BX - Get Free Report) last released its quarterly earnings results on Friday, November 22nd. The asset manager reported $0.97 earnings per share for the quarter. The business had revenue of $2.49 billion for the quarter. Blackstone had a net margin of 20.56% and a return on equity of 22.30%.  As a group, research analysts expect that  Blackstone Inc. will post 5.87 EPS for the current fiscal year. </p><h2>Blackstone Increases Dividend</h2><p>The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were issued a dividend of $1.29 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $5.16 dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from Blackstone's previous quarterly dividend of $1.03. Blackstone's payout ratio is currently 147.43%. </p><h2>Insider Buying and Selling</h2><p>In related news, Director James Breyer bought 13,900 shares of Blackstone stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average cost of $143.86 per share, for a total transaction of $1,999,654.00. Following the acquisition, the director owned 68,906 shares in the company, valued at $9,912,817.16. This trade represents a 25.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Holdings Iv Gp Mana Blackstone purchased 385,208 shares of the company's stock in a transaction dated Friday, November 21st. The stock was purchased at an average cost of $25.96 per share, for a total transaction of $9,999,999.68. Following the transaction, the insider owned 16,332,883 shares of the company's stock, valued at approximately $424,001,642.68. This trade represents a 2.42% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 797,148 shares of company stock valued at $24,050,153 over the last 90 days. 1.00% of the stock is currently owned by insiders. </p><h2>About Blackstone</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>Featured Articles</h2><ul><li>Five stocks we like better than Blackstone</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>Turn your &#34;dead money&#34; into $306+ monthly (starting this month)</li><li>Washington prepares for war</li><li>Strange Crystal Metal Outperforms Silicon Up to 100X</li><li>33,000% boom from weird new “AI Fuel?”</li></ul><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>Exchange Traded Concepts LLC significantly increased its holdings in Blackstone Inc. by 733.2% in Q3, now owning 13,715 shares valued at $2.34 million. Blackstone's stock has a consensus 'Moderate Buy' rating with an average target price of $179.95. The company reported Q3 earnings of $0.97 per share and revenue of $2.49 billion. Blackstone also raised its quarterly dividend to $1.29 per share, yielding 3.3%. Recent insider transactions include significant stock purchases by Director James Breyer and major shareholder Holdings Iv Gp Mana Blackstone.</p>

Blackstone Inc. $BX Shares Bought by Exchange Traded Concepts LLC