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Morgan Stanley Remains a Buy on Blackstone Group (BX)

Morgan Stanley analyst Michael Cyprys maintained a Buy rating on Blackstone Group (BXResearch Report) today and set a price target of $165.00. The company’s shares closed last Friday at $112.42.

According to TipRanks.com, Cyprys is a 4-star analyst with an average return of 9.4% and a 59.7% success rate. Cyprys covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Intercontinental Exchange, and Apollo Global Management.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Blackstone Group with a $148.82 average price target, representing a 35.2% upside. In a report issued on January 13, Deutsche Bank also maintained a Buy rating on the stock with a $176.00 price target.

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Blackstone Group’s market cap is currently $133.7B and has a P/E ratio of 15.32.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BX in relation to earlier this year. Most recently, in December 2021, Hamilton James, the Exec. VC of BX sold 8,994,846 shares for a total of $1,209,357,045.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1985 and headquartered in New York, The Blackstone Group is one of the world’s leading investment companies. It operates through the following segments: Private Equity, Real Estate, Hedge Fund Solutions, and Credit & Insurance.

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