Regent Peak Wealth Advisors LLC Acquires 99 Shares of Blackstone Inc. (NYSE:BX)

Regent Peak Wealth Advisors LLC grew its stake in Blackstone Inc. (NYSE:BX) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,861 shares of the asset manager’s stock after purchasing an additional 99 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Blackstone were worth $321,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bangor Savings Bank lifted its stake in shares of Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after buying an additional 105 shares in the last quarter. West Financial Advisors LLC purchased a new stake in shares of Blackstone in the third quarter worth about $27,000. Kieckhefer Group LLC purchased a new position in Blackstone during the fourth quarter valued at approximately $39,000. Raleigh Capital Management Inc. boosted 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 valued at $39,000 after purchasing an additional 62 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of Blackstone by 57.7% in the third quarter. Hazlett Burt & Watson Inc. now owns 276 shares of the asset manager’s stock worth $43,000 after purchasing an additional 101 shares during the period. 70.00% of the stock is currently owned by institutional investors.

Blackstone Trading Up 1.9 %

NYSE BX opened at $180.00 on Tuesday. The stock’s fifty day moving average price is $180.73 and its 200-day moving average price is $158.74. 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 $129.96 billion, a P/E ratio of 61.86, a P/E/G ratio of 1.02 and a beta of 1.53. Blackstone Inc. has a 12 month low of $115.63 and a 12 month high of $200.96.

Insider Buying and Selling at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the business’s 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 owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. The trade was a 9.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BX shares. TD Cowen raised shares of Blackstone from a “hold” rating to a “buy” rating and raised their target price for the company from $149.00 to $230.00 in a research note on Monday, December 9th. StockNews.com upgraded Blackstone from a “hold” rating to a “buy” rating in a research report on Tuesday. Citigroup lifted their price target on shares of Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Cowen reiterated a “hold” rating on shares of Blackstone in a report on Friday, October 18th. Finally, The Goldman Sachs Group boosted their price objective on Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Twelve investment 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, Blackstone presently has a consensus rating of “Hold” and a consensus price target of $169.56.

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.