Beta Wealth Group Inc. significantly reduced its stake in Blackstone Inc. by 74.8% during Q3, selling over 26,000 shares. Despite this, Blackstone reported strong Q4 earnings, beating estimates with $1.75 EPS and $4.36 billion in revenue, and increased its quarterly dividend. Analyst opinions on Blackstone are split, with a “Moderate Buy” consensus and an average price target of $172.82.
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Beta Wealth Group Inc. Trims Position in Blackstone Inc. $BX
Beta Wealth Group Inc. significantly reduced its stake in Blackstone Inc. by 74.8% during Q3, selling over 26,000 shares. Despite this, Blackstone reported strong Q4 earnings, beating estimates with $1.75 EPS and $4.36 billion in revenue, and increased its quarterly dividend. Analyst opinions on Blackstone are split, with a “Moderate Buy” consensus and an average price target of $172.82.