Bill Few Associates Inc. Has $6.14 Million Holdings in Blackstone Inc. (NYSE:BX)

Bill Few Associates Inc. reduced its holdings in shares of Blackstone Inc. (NYSE:BX) by 2.0% during the fourth quarter, HoldingsChannel reports. The firm owned 35,628 shares of the asset manager’s stock after selling 732 shares during the period. Blackstone comprises 2.2% of Bill Few Associates Inc.’s portfolio, making the stock its 9th biggest holding. Bill Few Associates Inc.’s holdings in Blackstone were worth $6,143,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BX. Glen Eagle Advisors LLC boosted its position in Blackstone by 1.8% in the third quarter. Glen Eagle Advisors LLC now owns 3,251 shares of the asset manager’s stock worth $498,000 after purchasing an additional 59 shares during the last quarter. Investmark Advisory Group LLC increased its holdings in Blackstone by 2.4% during the third quarter. Investmark Advisory Group LLC now owns 2,608 shares of the asset manager’s stock valued at $399,000 after buying an additional 60 shares during the last quarter. Raleigh Capital Management Inc. grew its position in shares of Blackstone by 32.1% during the 3rd 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. Capital Advisors Ltd. LLC raised its holdings in Blackstone by 2.3% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 2,787 shares of the asset manager’s stock worth $427,000 after purchasing an additional 62 shares during the period. Finally, Fidelis Capital Partners LLC increased its position in Blackstone by 2.7% in the third quarter. Fidelis Capital Partners LLC now owns 2,374 shares of the asset manager’s stock worth $396,000 after buying an additional 62 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Blackstone news, insider John G. Finley sold 42,249 shares of Blackstone stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $175.94, for a total value of $7,433,289.06. Following the transaction, the insider now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BX has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Citigroup upped their target price on shares of Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. TD Cowen upgraded Blackstone from a “hold” rating to a “buy” rating and upped their price target for the stock from $149.00 to $230.00 in a research note on Monday, December 9th. Morgan Stanley upped their target price on shares of Blackstone from $164.00 to $177.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods cut their price objective on Blackstone from $175.00 to $174.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Blackstone currently has an average rating of “Hold” and an average price target of $169.56.

Blackstone Stock Up 0.6 %

Shares of NYSE BX opened at $182.70 on Thursday. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96. The stock’s fifty day simple moving average is $180.71 and its two-hundred day simple moving average is $159.71. The stock has a market capitalization of $131.91 billion, a PE ratio of 62.78, a price-to-earnings-growth ratio of 1.21 and a beta of 1.53. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

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.