Field & Main Bank Sells 225 Shares of Blackstone Inc. (NYSE:BX)

Field & Main Bank trimmed its stake in Blackstone Inc. (NYSE:BX) by 1.2% during the 4th quarter, Holdings Channel reports. The firm owned 18,360 shares of the asset manager’s stock after selling 225 shares during the quarter. Blackstone comprises approximately 1.1% of Field & Main Bank’s portfolio, making the stock its 26th biggest holding. Field & Main Bank’s holdings in Blackstone were worth $3,166,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. West Financial Advisors LLC bought a new stake in Blackstone in the 3rd quarter worth approximately $27,000. Bangor Savings Bank boosted its stake in shares of Blackstone by 187.5% in the 4th 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. Berbice Capital Management LLC purchased a new position in Blackstone in the 4th quarter worth $34,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Blackstone during the second quarter valued at about $39,000. Finally, Raleigh Capital Management Inc. lifted its stake in shares of 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 acquiring an additional 62 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors.

Blackstone Price Performance

BX stock opened at $186.47 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market capitalization of $134.63 billion, a price-to-earnings ratio of 63.93, a PEG ratio of 1.22 and a beta of 1.53. The firm has a 50 day moving average price of $180.91 and a 200-day moving average price of $161.67. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96.

Insiders Place Their Bets

In related 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 value of $7,433,289.06. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

BX has been the topic of a number of analyst reports. UBS Group lifted their price target on Blackstone from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods dropped their price target on shares of Blackstone from $175.00 to $174.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. Citigroup upped their price objective on shares of Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their price target on Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Barclays cut their price objective on Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Blackstone presently has a consensus rating of “Hold” and an average target price of $169.56.

Blackstone 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.