Kavar Capital Partners Group LLC Purchases 85 Shares of Blackstone Inc. (NYSE:BX)

Kavar Capital Partners Group LLC grew its holdings in shares of Blackstone Inc. (NYSE:BX) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,331 shares of the asset manager’s stock after buying an additional 85 shares during the quarter. Blackstone accounts for about 1.3% of Kavar Capital Partners Group LLC’s investment portfolio, making the stock its 20th biggest position. Kavar Capital Partners Group LLC’s holdings in Blackstone were worth $7,816,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Bangor Savings Bank increased its holdings in Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after purchasing an additional 105 shares during the period. West Financial Advisors LLC purchased a new stake in Blackstone in the third quarter worth about $27,000. Berbice Capital Management LLC purchased a new position in Blackstone during the 4th quarter valued at about $34,000. Kieckhefer Group LLC bought a new position in shares of Blackstone during the fourth quarter valued at approximately $39,000. Finally, Raleigh Capital Management Inc. raised its holdings in Blackstone by 32.1% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insider Transactions at Blackstone

In related news, insider John G. Finley sold 42,249 shares of the 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 sale, the insider now owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. This trade represents a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Blackstone Stock Up 0.7 %

Shares of BX opened at $186.79 on Monday. The stock has a 50 day moving average price of $180.90 and a 200 day moving average price of $160.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $134.86 billion, a price-to-earnings ratio of 64.19, a PEG ratio of 1.22 and a beta of 1.53. Blackstone Inc. has a one year low of $115.82 and a one year high of $200.96.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price 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. The Goldman Sachs Group raised their price objective on Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Citigroup upped their price objective on Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. TD Cowen raised shares of Blackstone from a “hold” rating to a “buy” rating and increased their price target for the stock from $149.00 to $230.00 in a report on Monday, December 9th. Finally, Wells Fargo & Company decreased their price objective on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Blackstone currently has a consensus rating of “Hold” and a consensus target price of $169.56.

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.