Mount Yale Investment Advisors LLC Purchases 3,070 Shares of Blackstone Inc. (NYSE:BX)

Mount Yale Investment Advisors LLC raised its holdings in shares of Blackstone Inc. (NYSE:BX - Free Report) by 153.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,066 shares of the asset manager's stock after buying an additional 3,070 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in Blackstone were worth $873,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bangor Savings Bank raised its position in shares of Blackstone by 187.5% during the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock valued at $28,000 after buying an additional 105 shares during the last quarter. West Financial Advisors LLC bought a new stake in shares of Blackstone in the 3rd quarter worth approximately $27,000. Berbice Capital Management LLC bought a new stake in shares of Blackstone during the fourth quarter valued at approximately $34,000. Kieckhefer Group LLC bought a new position in Blackstone in the fourth quarter worth $39,000. Finally, Raleigh Capital Management Inc. increased 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 valued at $39,000 after buying an additional 62 shares during the period. Institutional investors own 70.00% of the company's stock.

Insider Buying and Selling at Blackstone

In other news, insider John G. Finley sold 42,249 shares of Blackstone stock in a transaction that occurred on 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 sale, the insider now directly owns 387,137 shares in the company, valued at approximately $68,112,883.78. This trade represents a 9.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Bank of America increased their price target on shares of Blackstone from $171.00 to $192.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Morgan Stanley boosted their price target on Blackstone from $164.00 to $177.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. TD Cowen upgraded shares of Blackstone from a "hold" rating to a "buy" rating and boosted their target price for the company from $149.00 to $230.00 in a research note on Monday, December 9th. Evercore ISI lifted their price target on shares of Blackstone from $148.00 to $155.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Finally, Cowen reaffirmed a "hold" rating on shares of Blackstone in a report on Friday, October 18th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Blackstone presently has a consensus rating of "Hold" and an average target price of $169.56.

Blackstone Price Performance

Shares of BX traded up $3.21 during midday trading on Tuesday, hitting $185.73. 2,513,712 shares of the company traded hands, compared to its average volume of 2,912,165. The stock has a 50-day moving average of $180.89 and a 200-day moving average of $161.27. The firm has a market cap of $134.10 billion, a P/E ratio of 63.83, a PEG 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 one year low of $115.82 and a one year 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.