Blackstone Inc. (NYSE:BX) Shares Bought by Nilsine Partners LLC

Nilsine Partners LLC lifted its position in shares of Blackstone Inc. (NYSE:BX) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,723 shares of the asset manager’s stock after acquiring an additional 105 shares during the period. Nilsine Partners LLC’s holdings in Blackstone were worth $470,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Berkshire Bank bought a new position in shares of Blackstone in the fourth quarter worth $287,000. Lebenthal Global Advisors LLC lifted its stake in Blackstone by 10.9% during the fourth quarter. Lebenthal Global Advisors LLC now owns 6,595 shares of the asset manager’s stock valued at $1,137,000 after purchasing an additional 650 shares during the last quarter. Baldwin Wealth Partners LLC MA boosted its stake in shares of Blackstone by 0.4% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 243,683 shares of the asset manager’s stock worth $42,016,000 after acquiring an additional 928 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in Blackstone by 17.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 49,666 shares of the asset manager’s stock worth $8,563,000 after purchasing an additional 7,446 shares in the last quarter. Finally, Heirloom Wealth Management raised its holdings in shares of Blackstone by 18.7% during the fourth quarter. Heirloom Wealth Management now owns 8,505 shares of the asset manager’s stock valued at $1,466,000 after acquiring an additional 1,341 shares during the period. 70.00% of the stock is currently owned by institutional investors.

Blackstone Price Performance

Shares of BX opened at $185.73 on Thursday. 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 cap of $134.10 billion, a P/E ratio of 63.83, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. The stock’s 50-day moving average price is $180.91 and its two-hundred day moving average price is $161.67. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. TD Cowen raised shares of Blackstone from a “hold” rating to a “buy” rating and upped their price objective for the stock from $149.00 to $230.00 in a report on Monday, December 9th. Barclays dropped their target price on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Piper Sandler upped their target price on Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a research note on Monday, December 23rd. Finally, Keefe, Bruyette & Woods cut their price target on shares of Blackstone from $175.00 to $174.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $169.56.

Insider Activity at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the 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 sale, the insider now directly owns 387,137 shares in the company, valued at $68,112,883.78. This represents a 9.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

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.