Blackstone Inc. (NYSE:BX) Shares Purchased by Embree Financial Group

Embree Financial Group grew its position in Blackstone Inc. (NYSE:BX) by 0.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 61,463 shares of the asset manager’s stock after acquiring an additional 168 shares during the period. Blackstone makes up 1.8% of Embree Financial Group’s portfolio, making the stock its 13th biggest holding. Embree Financial Group’s holdings in Blackstone were worth $10,597,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. West Financial Advisors LLC purchased a new position in Blackstone in the third quarter worth approximately $27,000. Bangor Savings Bank grew its stake 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 in the last quarter. Berbice Capital Management LLC acquired a new stake in Blackstone in the fourth quarter valued at $34,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Blackstone during the 2nd quarter worth about $39,000. Finally, Raleigh Capital Management Inc. lifted its stake in 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 purchasing an additional 62 shares during the last quarter. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BX has been the topic of a number of research analyst reports. Citigroup lifted their target price on Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Morgan Stanley increased their price objective on Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. The Goldman Sachs Group upped their price target on shares of Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. BMO Capital Markets lifted their price objective on shares of Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Finally, TD Cowen raised Blackstone from a “hold” rating to a “buy” rating and raised their price target for the stock from $149.00 to $230.00 in a report on Monday, December 9th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $169.56.

Insider Activity

In related news, insider John G. Finley sold 42,249 shares of Blackstone 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Blackstone Trading Up 0.7 %

Shares of BX stock opened at $186.79 on Friday. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96. The stock has a fifty day moving average of $180.90 and a two-hundred day moving average of $160.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market capitalization of $134.86 billion, a PE ratio of 64.19, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53.

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.