50,787 Shares in Blackstone Inc. (NYSE:BX) Acquired by Grange Capital LLC

Grange Capital LLC purchased a new stake in Blackstone Inc. (NYSE:BX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 50,787 shares of the asset manager’s stock, valued at approximately $8,757,000. Blackstone accounts for about 9.2% of Grange Capital LLC’s investment portfolio, making the stock its 2nd largest holding.

Other large investors have also recently bought and sold shares of the company. West Financial Advisors LLC purchased a new position in Blackstone in the 3rd quarter worth $27,000. Bangor Savings Bank raised its position in 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 position in Blackstone in the 4th quarter worth $34,000. Strategic Investment Solutions Inc. IL purchased a new position in Blackstone in the 2nd quarter worth $39,000. Finally, Raleigh Capital Management Inc. grew its holdings in Blackstone by 32.1% in 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 last quarter. 70.00% of the stock is owned by institutional investors.

Blackstone Stock Up 0.7 %

Shares of Blackstone stock 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 stock 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 Inc. has a 52-week low of $115.82 and a 52-week high of $200.96. The company has a 50-day simple moving average of $180.90 and a two-hundred day simple moving average of $160.35.

Insiders Place Their Bets

In other Blackstone news, insider John G. Finley sold 42,249 shares of Blackstone stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BX shares. Keefe, Bruyette & Woods cut their price target on shares of Blackstone from $175.00 to $174.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company cut their price target on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Barclays cut their price target on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Evercore ISI lifted their target price on shares of Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, StockNews.com raised shares of Blackstone from a “hold” rating to a “buy” rating in a research note on Tuesday. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Blackstone presently has a consensus rating of “Hold” and a consensus target price 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.