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Glass Jacobson and other firms cut holdings of Blackstone stock as the company beat earnings expectations.
Investment firm Glass Jacobson reduced its holdings of Blackstone Inc. stock by 4.4% in Q4, selling 149 shares.
Blackstone reported earnings of $1.69 per share, exceeding expectations by $0.19, with a market cap of $92.77 billion.
Other firms like Rockefeller Capital and Qtron Investments also decreased their holdings of Blackstone stock.
Analysts predict earnings of $5.87 per share for the current fiscal year.
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Glass Jacobson y otras firmas cortaron las tenencias de acciones de Blackstone mientras la compañía superaba las expectativas de ganancias.