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

Regent Peak Wealth Advisors LLC grew its holdings in Blackstone Inc. (NYSE:BX) by 5.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,861 shares of the asset manager’s stock after buying an additional 99 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Blackstone were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. West Financial Advisors LLC bought a new position in shares of Blackstone in the third quarter worth about $27,000. Bangor Savings Bank lifted its holdings in Blackstone by 187.5% during the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 105 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Blackstone in the 2nd quarter worth $39,000. Raleigh Capital Management Inc. raised its holdings in Blackstone by 32.1% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 62 shares during the period. Finally, Kieckhefer Group LLC purchased a new stake in shares of Blackstone during the fourth quarter worth about $39,000. Institutional investors own 70.00% of the company’s stock.

Blackstone Trading Up 1.9 %

Shares of BX opened at $180.00 on Tuesday. The firm has a market capitalization of $129.96 billion, a price-to-earnings ratio of 61.86, a PEG ratio of 1.02 and a beta of 1.53. The company has a 50-day moving average of $180.73 and a 200 day moving average of $158.74. Blackstone Inc. has a 1-year low of $115.63 and a 1-year high of $200.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BX. JPMorgan Chase & Co. increased their price objective on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Wells Fargo & Company cut their price target on Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Citigroup increased their target price on Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. The Goldman Sachs Group lifted their price objective 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. Finally, Bank of America increased their price target on shares of Blackstone from $171.00 to $192.00 and gave the company a “buy” rating in a report on Friday, October 18th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $169.56.

Insider Buying and Selling

In other Blackstone news, insider John G. Finley sold 42,249 shares of the firm’s stock in a transaction dated 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 owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. This trade represents a 9.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by 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.