Blackstone Inc. (NYSE:BX) Shares Acquired by BSW Wealth Partners

BSW Wealth Partners increased its holdings in Blackstone Inc. (NYSE:BX) by 36.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

Several other hedge funds have also made changes to their positions in BX. Aspire Capital Advisors LLC purchased a new position in shares of Blackstone in the 4th quarter worth $215,000. VCI Wealth Management LLC acquired a new position in Blackstone during the 4th quarter worth $1,278,000. BankPlus Wealth Management LLC acquired a new position in shares of Blackstone in the 4th quarter worth approximately $546,000. Nilsine Partners LLC lifted its position in Blackstone by 4.0% in the 4th quarter. Nilsine Partners LLC now owns 2,723 shares of the asset manager’s stock valued at $470,000 after purchasing an additional 105 shares during the last quarter. Finally, Berkshire Bank acquired a new position in Blackstone during the 4th quarter valued at about $287,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Price Performance

BX opened at $185.73 on Wednesday. The firm has a market cap of $134.10 billion, a PE ratio of 63.83, a P/E/G ratio of 1.22 and a beta of 1.53. The stock has a 50-day moving average price of $180.89 and a 200-day moving average price of $161.27. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BX shares. Citigroup raised their target price on Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Wells Fargo & Company decreased their target price on Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Bank of America upped their price objective on Blackstone from $171.00 to $192.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Blackstone from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $169.56.

Insiders Place Their Bets

In other news, insider John G. Finley sold 42,249 shares of Blackstone stock in a transaction that occurred 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 completion of the transaction, the insider now owns 387,137 shares in the company, valued at approximately $68,112,883.78. The trade was a 9.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

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.