BSW Wealth Partners Increases Position in Blackstone Inc. (NYSE:BX)

BSW Wealth Partners boosted its holdings in shares of Blackstone Inc. (NYSE:BX) by 36.1% in the 4th quarter, Holdings Channel reports. The fund owned 6,196 shares of the asset manager’s stock after acquiring an additional 1,642 shares during the quarter. BSW Wealth Partners’ holdings in Blackstone were worth $1,068,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. West Financial Advisors LLC purchased a new position in shares of Blackstone during the third quarter worth about $27,000. Bangor Savings Bank increased its holdings in Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 105 shares in the last quarter. Berbice Capital Management LLC acquired a new position in Blackstone in the 4th quarter valued at about $34,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Blackstone in the 2nd quarter worth about $39,000. Finally, Raleigh Capital Management Inc. grew its stake in Blackstone by 32.1% during the 3rd 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. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BX shares. Cowen reiterated a “hold” rating on shares of Blackstone in a research note on Friday, October 18th. UBS Group lifted their target price on Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Evercore ISI upped their price objective on Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Barclays reduced their price objective on Blackstone from $199.00 to $192.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $169.56.

Blackstone Stock Up 1.8 %

Shares of NYSE BX opened at $185.73 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $134.10 billion, a P/E ratio of 63.83, a PEG ratio of 1.22 and a beta of 1.53. The stock’s fifty day moving average is $180.89 and its 200 day moving average is $161.27. Blackstone Inc. has a 52 week low of $115.82 and a 52 week high of $200.96.

Insider Buying and Selling at Blackstone

In related news, insider John G. Finley sold 42,249 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the completion of the sale, the insider now owns 387,137 shares in the company, valued at approximately $68,112,883.78. This trade represents a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

About Blackstone

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.