UMB Bank n.a. Has $2.01 Million Position in Blackstone Inc. (NYSE:BX)

UMB Bank n.a. lifted its stake in shares of Blackstone Inc. (NYSE:BX) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,629 shares of the asset manager’s stock after purchasing an additional 373 shares during the quarter. UMB Bank n.a.’s holdings in Blackstone were worth $2,005,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. West Financial Advisors LLC bought a new position in shares of Blackstone in the 3rd 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 worth $28,000 after acquiring an additional 105 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Blackstone during the 2nd quarter valued at approximately $39,000. Raleigh Capital Management Inc. lifted its stake 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 purchasing an additional 62 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new stake in shares of Blackstone during the fourth quarter worth $39,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Price Performance

Shares of NYSE BX 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 1-year low of $115.63 and a 1-year high of $200.96. 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 capitalization of $129.96 billion, a P/E ratio of 61.86, a P/E/G ratio of 1.02 and a beta of 1.53.

Insider Transactions at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were 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 in the company, 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 filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BX has been the topic of a number of recent research reports. Cowen reissued a “hold” rating on shares of Blackstone in a research note on Friday, October 18th. BMO Capital Markets upped their price target on shares of Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Barclays reduced their price objective on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Citigroup lifted their target price on Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. raised their price objective on Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.