Missouri Trust & Investment Co Has $2.06 Million Holdings in Blackstone Inc. (NYSE:BX)

Missouri Trust & Investment Co lifted its stake in shares of Blackstone Inc. (NYSE:BX) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,920 shares of the asset manager’s stock after acquiring an additional 437 shares during the quarter. Blackstone comprises approximately 0.7% of Missouri Trust & Investment Co’s holdings, making the stock its 28th largest position. Missouri Trust & Investment Co’s holdings in Blackstone were worth $2,055,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BX. American Century Companies Inc. grew its stake in Blackstone by 3.5% in the 2nd quarter. American Century Companies Inc. now owns 58,777 shares of the asset manager’s stock valued at $7,277,000 after buying an additional 2,002 shares during the last quarter. AE Wealth Management LLC grew its position in shares of Blackstone by 100.5% in the second quarter. AE Wealth Management LLC now owns 10,119 shares of the asset manager’s stock valued at $1,253,000 after purchasing an additional 5,072 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Blackstone by 4.5% in the second quarter. Pacer Advisors Inc. now owns 50,996 shares of the asset manager’s stock worth $6,313,000 after purchasing an additional 2,206 shares during the period. Thrivent Financial for Lutherans boosted its stake in Blackstone by 2.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 44,614 shares of the asset manager’s stock valued at $5,524,000 after purchasing an additional 1,036 shares during the period. Finally, ProShare Advisors LLC increased its position in Blackstone by 3.8% in the 2nd quarter. ProShare Advisors LLC now owns 160,486 shares of the asset manager’s stock worth $19,868,000 after buying an additional 5,854 shares during the period. 70.00% of the stock is owned by institutional investors.

Blackstone Stock Up 0.9 %

NYSE:BX opened at $181.52 on Wednesday. The company has a market cap of $131.06 billion, a price-to-earnings ratio of 62.38, a P/E/G ratio of 1.20 and a beta of 1.53. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96. 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 stock’s fifty day moving average price is $180.67 and its two-hundred day moving average price is $159.13.

Insider Activity

In other Blackstone news, insider John G. Finley sold 42,249 shares of the stock in a transaction dated 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 owns 387,137 shares of the company’s stock, 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 can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BX shares. UBS Group raised their price objective on shares of Blackstone from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Morgan Stanley upped their price target on Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Barclays cut their target price on Blackstone from $199.00 to $192.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, StockNews.com upgraded shares of Blackstone from a “hold” rating to a “buy” rating in a research note on Tuesday. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Blackstone has an average rating of “Hold” and an average price target 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.