Blackstone Inc. (NYSE:BX) Shares Purchased by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lifted its holdings in shares of Blackstone Inc. (NYSE:BX) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 243,683 shares of the asset manager’s stock after buying an additional 928 shares during the period. Blackstone comprises 2.9% of Baldwin Wealth Partners LLC MA’s investment portfolio, making the stock its 7th biggest holding. Baldwin Wealth Partners LLC MA’s holdings in Blackstone were worth $42,016,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. West Financial Advisors LLC bought a new stake in Blackstone in the third quarter valued at about $27,000. Bangor Savings Bank boosted its position in shares of Blackstone by 187.5% during the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after buying an additional 105 shares during the period. Berbice Capital Management LLC acquired a new stake in Blackstone in the fourth quarter worth approximately $34,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Blackstone in the second quarter valued at $39,000. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Blackstone by 32.1% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 62 shares in the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

Blackstone Stock Down 2.8 %

NYSE BX opened at $181.56 on Monday. The firm has a market cap of $131.08 billion, a PE ratio of 62.25, a P/E/G ratio of 1.22 and a beta of 1.53. Blackstone Inc. has a 52 week low of $115.82 and a 52 week high of $200.96. The business’s fifty day simple moving average is $180.90 and its 200-day simple moving average is $160.88. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58.

Insider Activity at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $175.94, for a total value of $7,433,289.06. Following the sale, the insider now owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. This represents a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Citigroup increased their price objective on shares of Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Cowen reiterated a “hold” rating on shares of Blackstone in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their price target on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Morgan Stanley raised their target price on shares of Blackstone from $164.00 to $177.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Blackstone currently has a consensus rating of “Hold” and an average price target of $169.56.

Blackstone Company Profile

Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.