Outlook Wealth Advisors LLC Has $394,000 Stock Position in Blackstone Inc. (NYSE:BX)

Outlook Wealth Advisors LLC raised its holdings in Blackstone Inc. (NYSE:BX) by 8.3% in the fourth quarter, Holdings Channel reports. The fund owned 2,285 shares of the asset manager’s stock after acquiring an additional 175 shares during the period. Outlook Wealth Advisors LLC’s holdings in Blackstone were worth $394,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. West Financial Advisors LLC acquired a new position in Blackstone in the 3rd quarter worth $27,000. Bangor Savings Bank grew its holdings 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 in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Blackstone in the 2nd quarter valued at approximately $39,000. Raleigh Capital Management Inc. grew its stake in shares of Blackstone by 32.1% during the 3rd 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. Finally, Kieckhefer Group LLC bought a new stake in shares of Blackstone in the fourth quarter worth $39,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Activity

In related news, insider John G. Finley sold 42,249 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $68,112,883.78. The trade was 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 available through this link. 1.00% of the stock is owned by company insiders.

Blackstone Stock Performance

BX opened at $175.12 on Thursday. Blackstone Inc. has a 1 year low of $114.88 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. The company has a market capitalization of $126.44 billion, a PE ratio of 60.18, a price-to-earnings-growth ratio of 1.63 and a beta of 1.53. The business has a fifty day simple moving average of $180.70 and a 200 day simple moving average of $157.59.

Blackstone (NYSE:BX) last released its quarterly earnings results on Thursday, October 17th. The asset manager reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. Blackstone had a net margin of 19.46% and a return on equity of 17.53%. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.37 billion. Research analysts expect that Blackstone Inc. will post 4.43 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BX shares. The Goldman Sachs Group lifted their price target on shares of Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Piper Sandler upped their target price on Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. JPMorgan Chase & Co. boosted their price target on Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. StockNews.com raised shares of Blackstone from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Finally, UBS Group increased their price target 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. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $169.56.

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.