Berbice Capital Management LLC Takes $34,000 Position in Blackstone Inc. (NYSE:BX)

Berbice Capital Management LLC purchased a new stake in shares of Blackstone Inc. (NYSE:BX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 200 shares of the asset manager’s stock, valued at approximately $34,000.

Several other institutional investors have also recently made changes to their positions in the company. Bangor Savings Bank grew its stake in shares of Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after acquiring an additional 105 shares in the last quarter. West Financial Advisors LLC acquired a new position in shares of Blackstone in the third quarter worth $27,000. Kieckhefer Group LLC purchased a new position in Blackstone in the fourth quarter valued at $39,000. Raleigh Capital Management Inc. boosted its position 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, Hazlett Burt & Watson Inc. boosted its position in shares of Blackstone by 57.7% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 276 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Morgan Stanley increased their price objective on Blackstone from $164.00 to $177.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Barclays dropped their price objective on Blackstone from $199.00 to $192.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, November 11th. UBS Group raised their price objective on Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Finally, StockNews.com upgraded Blackstone from a “hold” rating to a “buy” rating in a report on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $169.56.

Blackstone Trading Up 0.0 %

NYSE:BX opened at $185.60 on Friday. Blackstone Inc. has a 12 month low of $115.82 and a 12 month high of $200.96. The firm has a market capitalization of $134.00 billion, a PE ratio of 63.88, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. 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 business’s 50-day moving average is $180.71 and its two-hundred day moving average is $159.71.

Insider Transactions at Blackstone

In other news, insider John G. Finley sold 42,249 shares of the business’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 directly owns 387,137 shares in the company, valued at approximately $68,112,883.78. The trade was a 9.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.