Private Capital Advisors Inc. Trims Holdings in Blackstone Inc. (NYSE:BX)

Private Capital Advisors Inc. lessened its stake in Blackstone Inc. (NYSE:BX) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,261 shares of the asset manager’s stock after selling 357 shares during the period. Blackstone comprises about 2.0% of Private Capital Advisors Inc.’s holdings, making the stock its 10th largest holding. Private Capital Advisors Inc.’s holdings in Blackstone were worth $16,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BX. West Financial Advisors LLC purchased a new stake in Blackstone in the 3rd quarter worth approximately $27,000. Bangor Savings Bank grew its stake in shares of Blackstone by 187.5% in the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after buying an additional 105 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Blackstone during the second quarter valued at approximately $39,000. Raleigh Capital Management Inc. increased its holdings in Blackstone by 32.1% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after buying an additional 62 shares in the last quarter. Finally, Kieckhefer Group LLC bought a new stake in Blackstone in the 4th quarter worth approximately $39,000. Institutional investors own 70.00% of the company’s stock.

Insider Activity

In other news, insider John G. Finley sold 42,249 shares of the stock in a transaction 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. This represents a 9.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BX. StockNews.com upgraded shares of Blackstone from a “hold” rating to a “buy” rating in a research note on Tuesday. The Goldman Sachs Group raised their target price 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. Evercore ISI increased their target price on Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Barclays decreased their price target on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Citigroup raised their price objective on Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Blackstone has a consensus rating of “Hold” and a consensus price target of $169.56.

Blackstone Trading Up 1.5 %

Shares of Blackstone stock opened at $185.56 on Friday. Blackstone Inc. has a 1-year low of $115.82 and a 1-year high of $200.96. The stock has a market cap of $133.98 billion, a P/E ratio of 63.77, a P/E/G ratio of 1.22 and a beta of 1.53. The stock’s 50 day simple moving average is $180.71 and its 200-day simple moving average is $159.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71.

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.