LexAurum Advisors LLC grew its holdings in shares of Blackstone Inc. (NYSE:BX – Free Report) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,068 shares of the asset manager’s stock after purchasing an additional 145 shares during the period. LexAurum Advisors LLC’s holdings in Blackstone were worth $874,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. West Financial Advisors LLC acquired a new stake in Blackstone in the third quarter valued at $27,000. Bangor Savings Bank lifted its holdings in shares of Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 105 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Blackstone during the 2nd quarter worth approximately $39,000. Raleigh Capital Management Inc. increased 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 worth $39,000 after buying an additional 62 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in shares of Blackstone during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 70.00% of the company’s stock.
Blackstone Trading Up 1.5 %
BX opened at $185.56 on Friday. The stock has a market capitalization of $133.98 billion, a PE ratio of 63.77, a P/E/G ratio of 1.22 and a beta of 1.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96. The firm’s fifty day moving average price is $180.71 and its 200 day moving average price is $159.71.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Blackstone
Insider Transactions at Blackstone
In other news, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. This represents 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. Corporate insiders own 1.00% of the company’s stock.
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.
See Also
- Five stocks we like better than Blackstone
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Why Energy Transfer Stock Could Soar to New Highs in 2025
- Canada Bond Market Holiday: How to Invest and Trade
- 3 Buy-and-Hold Stocks for Long-Term Growth
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Despite Short-Term Risks Freeport McMoran Worth a Look
Want to see what other hedge funds are holding BX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Inc. (NYSE:BX – Free Report).
Receive News & Ratings for Blackstone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone and related companies with MarketBeat.com's FREE daily email newsletter.