Blackstone Inc. (NYSE:BX) Shares Purchased by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. raised its holdings in shares of Blackstone Inc. (NYSE:BX) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,521 shares of the asset manager’s stock after acquiring an additional 1,110 shares during the quarter. Blackstone makes up 2.4% of Jamison Private Wealth Management Inc.’s investment portfolio, making the stock its 7th largest position. Jamison Private Wealth Management Inc.’s holdings in Blackstone were worth $16,125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. West Financial Advisors LLC purchased a new stake in shares of Blackstone during the 3rd quarter valued at $27,000. Bangor Savings Bank raised its holdings in shares of Blackstone by 187.5% in the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after purchasing an additional 105 shares during the period. Berbice Capital Management LLC purchased a new stake in shares of Blackstone during the 4th quarter worth about $34,000. Strategic Investment Solutions Inc. IL acquired a new stake in Blackstone during the 2nd quarter worth approximately $39,000. Finally, Raleigh Capital Management Inc. lifted its position 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 buying an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on BX. The Goldman Sachs Group increased their price objective 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. StockNews.com raised shares of Blackstone from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. Piper Sandler lifted their price target on Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a research note on Monday, December 23rd. Barclays reduced their target price on Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, BMO Capital Markets upped their price target on Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $169.56.

Insider Activity

In other news, insider John G. Finley sold 42,249 shares of the company’s 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 in the company, valued at $68,112,883.78. This represents a 9.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by company insiders.

Blackstone Price Performance

Shares of NYSE:BX opened at $186.79 on Friday. 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 company 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. The stock has a fifty day moving average of $180.90 and a 200-day moving average of $160.35. Blackstone Inc. has a one year low of $115.82 and a one year high of $200.96.

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.