Webster Bank N. A. Buys 94 Shares of Blackstone Inc. (NYSE:BX)

Webster Bank N. A. boosted its stake in shares of Blackstone Inc. (NYSE:BX) by 50.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 282 shares of the asset manager’s stock after purchasing an additional 94 shares during the quarter. Webster Bank N. A.’s holdings in Blackstone were worth $49,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BX. Bangor Savings Bank grew its stake 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. West Financial Advisors LLC acquired a new position in Blackstone in the third quarter worth about $27,000. Berbice Capital Management LLC acquired a new stake in Blackstone in the 4th quarter valued at $34,000. Kieckhefer Group LLC bought a new stake in shares of Blackstone in the 4th quarter worth about $39,000. Finally, Raleigh Capital Management Inc. increased its holdings in shares of 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. Institutional investors own 70.00% of the company’s stock.

Insider Activity at Blackstone

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

Blackstone Trading Down 2.2 %

NYSE:BX opened at $182.59 on Tuesday. The business has a 50 day moving average price of $180.90 and a two-hundred day moving average price of $160.88. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a market cap of $131.83 billion, a P/E ratio of 62.75, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. Blackstone Inc. has a twelve month low of $115.82 and a twelve month high of $200.96.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BX. Deutsche Bank Aktiengesellschaft raised their target price on Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, November 11th. BMO Capital Markets upped their target price 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. Morgan Stanley increased their price objective on shares of Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Evercore ISI raised their target price on Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, UBS Group increased their price target on shares of Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $169.56.

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.