1,248 Shares in Blackstone Inc. (NYSE:BX) Bought by Aspire Capital Advisors LLC

Aspire Capital Advisors LLC bought a new position in shares of Blackstone Inc. (NYSE:BX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,248 shares of the asset manager’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bangor Savings Bank lifted its position in shares of Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 105 shares in the last quarter. West Financial Advisors LLC acquired a new stake in Blackstone during the 3rd quarter worth $27,000. Berbice Capital Management LLC purchased a new position in shares of Blackstone in the fourth quarter worth about $34,000. Kieckhefer Group LLC purchased a new stake in Blackstone during the 4th quarter valued at about $39,000. Finally, Raleigh Capital Management Inc. increased its holdings in shares of Blackstone by 32.1% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 62 shares during the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. TD Cowen upgraded shares of Blackstone from a “hold” rating to a “buy” rating and lifted their price target for the company from $149.00 to $230.00 in a research report on Monday, December 9th. The Goldman Sachs Group boosted their price target on shares of Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Barclays reduced their target price on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Citigroup lifted their price objective on shares of Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, UBS Group lifted their price target on Blackstone from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $169.56.

Blackstone Trading Down 0.4 %

Shares of BX stock opened at $181.85 on Tuesday. Blackstone Inc. has a twelve month low of $115.82 and a twelve month high of $200.96. The firm has a 50-day moving average price of $180.90 and a 200 day moving average price of $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 company has a market capitalization of $131.30 billion, a price-to-earnings ratio of 62.40, a PEG ratio of 1.22 and a beta of 1.53.

Insider Buying and Selling at Blackstone

In related news, insider John G. Finley sold 42,249 shares of Blackstone 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 directly owns 387,137 shares in the company, 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 is accessible through this link. 1.00% of the stock is owned by company insiders.

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.