Quantbot Technologies LP significantly reduced its stake in Blackstone Inc. (NYSE:BX) by 96.2% in the third quarter, selling over 182,000 shares. Despite this, other institutional investors like Norges Bank and Vanguard Group increased their positions, while insider activity showed mixed signals with a major shareholder buying shares and another selling. Blackstone reported beating earnings estimates and increased its dividend, but faces challenges from fund redemptions and recent analyst price target cuts.
Quantbot Technologies LP Reduces Stock Holdings in Blackstone Inc. $BX
Quantbot Technologies LP significantly reduced its stake in Blackstone Inc. (NYSE:BX) by 96.2% in the third quarter, selling over 182,000 shares. Despite this, other institutional investors like Norges Bank and Vanguard Group increased their positions, while insider activity showed mixed signals with a major shareholder buying shares and another selling. Blackstone reported beating earnings estimates and increased its dividend, but faces challenges from fund redemptions and recent analyst price target cuts.