Sun Sep 15 16:00:00 UTC 2024: ## CoreCap Advisors Invests in Blackstone Inc., Institutional Investors Hold Majority Stake

**New York, NY – September 15, 2024** – CoreCap Advisors LLC, a prominent investment firm, has added Blackstone Inc. (NYSE: BX) to its portfolio, acquiring 2,950 shares worth approximately $365,000 during the second quarter. This move follows a trend of other hedge funds investing in Blackstone, with notable purchases made by Chilton Capital Management, Thurston Springer Miller Herd & Titak Inc., EdgeRock Capital LLC, Bank & Trust Co., and Scarborough Advisors LLC.

According to recent filings, institutional investors own a significant 70% of Blackstone’s stock. However, recent insider transactions have also caught attention. Director Joseph Baratta sold 116,448 shares on July 3rd, while John G. Finley, an insider, offloaded 35,000 shares on August 7th. Both transactions were disclosed to the Securities and Exchange Commission.

Blackstone’s recent quarterly earnings report, released on July 18th, showed a miss on EPS expectations, reporting $0.96 per share against an estimated $0.99. However, revenue for the quarter surged by 166.9% year-over-year, reaching $3.69 billion.

Analysts remain optimistic about Blackstone’s future, with an average EPS prediction of 4.57 for the current fiscal year. Barclays, Piper Sandler, Redburn Atlantic, Wells Fargo & Company, and Bank of America have all recently adjusted their price targets and ratings for Blackstone, with several analysts giving the stock an “overweight” or “buy” rating.

Blackstone Inc. is a leading alternative asset management firm with a focus on real estate, private equity, and other investment strategies. The company is known for its investment in early-stage companies and its capital market services.

**For more information about Blackstone Inc. and its stock performance, please visit MarketBeat.com.**

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