Regatta Capital Group LLC Grows Holdings in Blackstone Inc. (NYSE:BX)

Regatta Capital Group LLC increased its stake in Blackstone Inc. (NYSE:BX) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,196 shares of the asset manager’s stock after buying an additional 160 shares during the period. Regatta Capital Group LLC’s holdings in Blackstone were worth $724,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Embree Financial Group raised its holdings in shares of Blackstone by 0.3% in the fourth quarter. Embree Financial Group now owns 61,463 shares of the asset manager’s stock valued at $10,597,000 after acquiring an additional 168 shares in the last quarter. Baron Financial Group LLC bought a new stake in shares of Blackstone in the 4th quarter valued at about $220,000. Jamison Private Wealth Management Inc. boosted its stake in shares of Blackstone by 1.2% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 93,521 shares of the asset manager’s stock valued at $16,125,000 after purchasing an additional 1,110 shares in the last quarter. Blue Square Asset Management LLC raised its stake in Blackstone by 2.5% in the fourth quarter. Blue Square Asset Management LLC now owns 17,670 shares of the asset manager’s stock worth $3,047,000 after buying an additional 429 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its position in Blackstone by 12.6% during the 4th quarter. First Citizens Bank & Trust Co. now owns 1,671 shares of the asset manager’s stock valued at $288,000 after acquiring an additional 187 shares in the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Bank of America upped their price objective on Blackstone from $171.00 to $192.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. The Goldman Sachs Group lifted their price objective on shares of Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Evercore ISI increased their price objective on Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, StockNews.com raised Blackstone from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $169.56.

Insider Activity at Blackstone

In related news, insider John G. Finley sold 42,249 shares of Blackstone 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 completion of the transaction, the insider now owns 387,137 shares in the company, valued at $68,112,883.78. The trade was a 9.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Blackstone Trading Up 0.7 %

Blackstone stock opened at $186.79 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The firm has a market cap of $134.86 billion, a PE ratio of 64.19, a P/E/G ratio of 1.22 and a beta of 1.53. The stock’s 50 day simple moving average is $180.90 and its two-hundred day simple moving average is $160.35. Blackstone Inc. has a 12 month low of $115.82 and a 12 month high of $200.96.

Blackstone Company 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.