Clear Harbor Asset Management LLC Acquires 5,525 Shares of Blackstone Inc. (NYSE:BX)

Clear Harbor Asset Management LLC grew its stake in Blackstone Inc. (NYSE:BX) by 16.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,754 shares of the asset manager’s stock after purchasing an additional 5,525 shares during the period. Clear Harbor Asset Management LLC’s holdings in Blackstone were worth $6,854,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BX. Segment Wealth Management LLC lifted its stake in Blackstone by 607.2% in the fourth quarter. Segment Wealth Management LLC now owns 86,704 shares of the asset manager’s stock worth $14,950,000 after purchasing an additional 74,444 shares during the last quarter. Aspiriant LLC increased its stake in Blackstone by 58.2% in the fourth quarter. Aspiriant LLC now owns 3,861 shares of the asset manager’s stock worth $666,000 after purchasing an additional 1,420 shares during the period. ARS Investment Partners LLC grew its holdings in shares of Blackstone by 4.8% in the fourth quarter. ARS Investment Partners LLC now owns 100,421 shares of the asset manager’s stock worth $17,315,000 after purchasing an additional 4,642 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Blackstone by 63.4% during the 4th quarter. Ballentine Partners LLC now owns 19,149 shares of the asset manager’s stock valued at $3,302,000 after buying an additional 7,431 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC increased its position in shares of Blackstone by 5.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,861 shares of the asset manager’s stock worth $321,000 after acquiring an additional 99 shares during the period. Institutional investors own 70.00% of the company’s stock.

Blackstone Trading Up 1.9 %

Shares of Blackstone stock opened at $180.00 on Tuesday. The firm’s 50-day moving average price is $180.73 and its 200 day moving average price is $158.74. Blackstone Inc. has a twelve month low of $115.63 and a twelve month high of $200.96. The firm has a market capitalization of $129.96 billion, a PE ratio of 61.86, a P/E/G ratio of 1.20 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.

Insider Activity at Blackstone

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 stock was sold at an average price of $175.94, for a total transaction 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. The trade was a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BX has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Morgan Stanley boosted their price target on shares of Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Barclays reduced their price objective on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company reduced their price target on Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Piper Sandler boosted their target price on shares of Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $169.56.

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.