Baldwin Wealth Partners LLC MA Boosts Stock Position in Blackstone Inc. (NYSE:BX)

Baldwin Wealth Partners LLC MA lifted its stake in shares of Blackstone Inc. (NYSE:BX) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,683 shares of the asset manager’s stock after purchasing an additional 928 shares during the period. Blackstone makes up about 2.9% of Baldwin Wealth Partners LLC MA’s holdings, making the stock its 7th biggest position. Baldwin Wealth Partners LLC MA’s holdings in Blackstone were worth $42,016,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. West Financial Advisors LLC bought a new stake in shares of Blackstone in the 3rd quarter valued at approximately $27,000. Bangor Savings Bank increased its stake in shares of Blackstone by 187.5% in the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after buying an additional 105 shares during the period. Berbice Capital Management LLC bought a new position in shares of Blackstone in the 4th quarter worth $34,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Blackstone in the 2nd quarter worth $39,000. Finally, Raleigh Capital Management Inc. lifted its holdings in Blackstone by 32.1% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Blackstone Price Performance

BX stock opened at $181.56 on Monday. The firm’s 50-day moving average price is $180.90 and its two-hundred day moving average price is $160.88. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $131.08 billion, a price-to-earnings ratio of 62.25, a PEG ratio of 1.22 and a beta of 1.53. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96.

Insider Activity at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the completion of the transaction, the insider now owns 387,137 shares in the company, valued at $68,112,883.78. This trade represents a 9.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citigroup boosted their price target on Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. UBS Group increased their price objective on Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Bank of America raised their price target on shares of Blackstone from $171.00 to $192.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $169.56.

Blackstone 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.