Relyea Zuckerberg Hanson LLC Purchases 170 Shares of Blackstone Inc. (NYSE:BX)

Relyea Zuckerberg Hanson LLC lifted its holdings in Blackstone Inc. (NYSE:BX) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,088 shares of the asset manager’s stock after purchasing an additional 170 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Blackstone were worth $532,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sather Financial Group Inc boosted its holdings in shares of Blackstone by 202.5% in the 3rd quarter. Sather Financial Group Inc now owns 6,050 shares of the asset manager’s stock valued at $926,000 after buying an additional 4,050 shares during the last quarter. Portside Wealth Group LLC bought a new position in shares of Blackstone in the 3rd quarter valued at about $201,000. Aljian Capital Management LLC bought a new stake in shares of Blackstone in the 3rd quarter valued at about $1,951,000. Icon Wealth Advisors LLC grew its holdings in Blackstone by 2,185.4% during the third quarter. Icon Wealth Advisors LLC now owns 18,946 shares of the asset manager’s stock worth $2,901,000 after purchasing an additional 18,117 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Blackstone by 3.2% during the third quarter. PNC Financial Services Group Inc. now owns 1,169,526 shares of the asset manager’s stock worth $179,089,000 after buying an additional 36,343 shares during the last quarter. Institutional investors own 70.00% of the company’s stock.

Analyst Ratings Changes

BX has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Barclays dropped their price objective on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Monday. Keefe, Bruyette & Woods decreased their price target on shares of Blackstone from $175.00 to $174.00 and set a “market perform” rating on the stock in a research note on Monday. StockNews.com upgraded Blackstone from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $169.56.

Blackstone Price Performance

BX traded up $2.45 during trading on Friday, hitting $179.17. 629,885 shares of the stock traded hands, compared to its average volume of 2,663,487. Blackstone Inc. has a twelve month low of $115.63 and a twelve month high of $200.96. The business has a 50 day moving average price of $180.67 and a 200 day moving average price of $157.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $129.36 billion, a price-to-earnings ratio of 61.66, a PEG ratio of 1.02 and a beta of 1.53.

Blackstone (NYSE:BX) last released its earnings results on Thursday, October 17th. The asset manager reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.10. The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Blackstone had a return on equity of 17.53% and a net margin of 19.46%. Equities research analysts forecast that Blackstone Inc. will post 4.45 earnings per share for the current fiscal year.

Insider Activity at Blackstone

In other news, insider John G. Finley sold 42,249 shares of the company’s 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 transaction, the insider now owns 387,137 shares of the company’s stock, valued at $68,112,883.78. This represents a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

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.