Brighton Jones LLC Boosts Stock Position in Blackstone Inc. (NYSE:BX)

Brighton Jones LLC increased its stake in Blackstone Inc. (NYSE:BX) by 34.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,917 shares of the asset manager’s stock after buying an additional 2,035 shares during the period. Brighton Jones LLC’s holdings in Blackstone were worth $1,365,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. West Financial Advisors LLC bought a new position in shares of Blackstone during the 3rd quarter valued at approximately $27,000. Bangor Savings Bank increased its position in Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after buying an additional 105 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Blackstone during the 2nd quarter valued at $39,000. Raleigh Capital Management Inc. grew its stake 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 worth $39,000 after acquiring an additional 62 shares during the period. Finally, Kieckhefer Group LLC purchased a new stake in Blackstone during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insiders Place Their Bets

In other Blackstone news, insider John G. Finley sold 42,249 shares of the business’s 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 completion of the sale, the insider now directly owns 387,137 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Blackstone Trading Up 0.7 %

Shares of BX stock opened at $186.79 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a market cap of $134.86 billion, a P/E ratio of 64.19, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. The business has a 50-day moving average price of $180.79 and a two-hundred day moving average price of $159.89. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, November 11th. UBS Group increased their target price on Blackstone from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Citigroup boosted their price objective on Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Wells Fargo & Company decreased their price target on Blackstone from $195.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $169.56.

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.