J.P. Morgan Remains a Hold on Blackstone Group (BX)

J.P. Morgan analyst Ken Worthington maintained a Hold rating on Blackstone Group today and set a price target of $177.00. The company’s shares closed yesterday at $158.16.

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According to TipRanks, Worthington is a 3-star analyst with an average return of 2.1% and a 50.20% success rate. Worthington covers the Financial sector, focusing on stocks such as Intercontinental Exchange, CME Group, and TPG.

In addition to J.P. Morgan, Blackstone Group also received a Hold from Citi’s Christopher Allen in a report issued on October 10. However, on October 3, Bank of America Securities maintained a Buy rating on Blackstone Group (NYSE: BX).

The company has a one-year high of $200.96 and a one-year low of $115.66. Currently, Blackstone Group has an average volume of 3.71M.

Based on the recent corporate insider activity of 33 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. Last month, Joseph Baratta, a Director at BX sold 113,000.00 shares for a total of $19,853,482.54.