First United Bank & Trust Sells 178 Shares of Blackstone Inc. (NYSE:BX)

First United Bank & Trust decreased its holdings in Blackstone Inc. (NYSE:BX) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,502 shares of the asset manager’s stock after selling 178 shares during the period. First United Bank & Trust’s holdings in Blackstone were worth $2,156,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BX. Bangor Savings Bank lifted its stake in 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 period. West Financial Advisors LLC bought a new position in shares of Blackstone in the 3rd quarter worth $27,000. Kieckhefer Group LLC acquired a new stake in Blackstone in the fourth quarter valued at approximately $39,000. Raleigh Capital Management Inc. grew its stake in Blackstone by 32.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after buying an additional 62 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of Blackstone by 57.7% during the third quarter. Hazlett Burt & Watson Inc. now owns 276 shares of the asset manager’s stock worth $43,000 after acquiring an additional 101 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BX has been the subject of a number of recent analyst reports. Evercore ISI lifted their target price on shares of Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Morgan Stanley upped their target price on Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods decreased their target price 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. BMO Capital Markets lifted their price target on Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Finally, StockNews.com raised shares of Blackstone from a “hold” rating to a “buy” rating in a report on Tuesday. 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, the company has an average rating of “Hold” and a consensus target price of $169.56.

Insiders Place Their Bets

In other Blackstone 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 transaction of $7,433,289.06. Following the completion of the sale, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.

Blackstone Stock Up 1.9 %

NYSE:BX opened at $180.00 on Tuesday. The stock’s fifty day moving average is $180.73 and its two-hundred day moving average is $158.74. Blackstone Inc. has a 52 week low of $115.63 and a 52 week high of $200.96. 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 stock has a market capitalization of $129.96 billion, a price-to-earnings ratio of 61.86, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53.

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.