Blackstone Inc. (NYSE:BX) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its holdings in shares of Blackstone Inc. (NYSE:BX) by 17.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,666 shares of the asset manager’s stock after purchasing an additional 7,446 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Blackstone were worth $8,563,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bangor Savings Bank boosted its holdings in shares of Blackstone by 187.5% during the fourth 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 last quarter. West Financial Advisors LLC acquired a new position in Blackstone in the third quarter valued at $27,000. Berbice Capital Management LLC purchased a new stake in shares of Blackstone during the fourth quarter worth about $34,000. Kieckhefer Group LLC purchased a new stake in shares of Blackstone during the fourth quarter worth about $39,000. Finally, Raleigh Capital Management Inc. increased its position in shares of Blackstone by 32.1% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BX. Barclays dropped their target price on Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group lifted their target price on Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded Blackstone from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. Finally, Cowen reiterated a “hold” rating on shares of Blackstone in a research report on Friday, October 18th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $169.56.

Blackstone Price Performance

Shares of NYSE:BX opened at $181.56 on Monday. The company’s fifty day moving average is $180.90 and its two-hundred day moving average is $160.88. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96. The company has a market cap of $131.08 billion, a P/E ratio of 62.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53.

Insider Buying and Selling at Blackstone

In other news, insider John G. Finley sold 42,249 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the transaction, the insider now directly owns 387,137 shares in the company, valued at $68,112,883.78. The trade was a 9.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

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.