Wealth Advisors of Tampa Bay LLC Acquires 8,265 Shares of Blackstone Inc. $BX

Wealth Advisors of Tampa Bay LLC boosted its holdings in shares of Blackstone Inc. (NYSE:BX) by 43.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,115 shares of the asset manager’s stock after purchasing an additional 8,265 shares during the period. Blackstone comprises 1.5% of Wealth Advisors of Tampa Bay LLC’s portfolio, making the stock its 24th biggest holding. Wealth Advisors of Tampa Bay LLC’s holdings in Blackstone were worth $4,633,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BX. Brighton Jones LLC boosted its stake in Blackstone by 34.6% in the 4th quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager’s stock valued at $1,365,000 after buying an additional 2,035 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Blackstone by 9.3% during the second quarter. Sivia Capital Partners LLC now owns 2,076 shares of the asset manager’s stock valued at $310,000 after acquiring an additional 177 shares during the period. United Bank boosted its stake in shares of Blackstone by 14.7% in the 2nd quarter. United Bank now owns 13,528 shares of the asset manager’s stock valued at $2,024,000 after purchasing an additional 1,729 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Blackstone by 45.3% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 19,481 shares of the asset manager’s stock worth $2,914,000 after purchasing an additional 6,076 shares in the last quarter. Finally, KBC Group NV boosted its position in Blackstone by 6.8% in the second quarter. KBC Group NV now owns 120,257 shares of the asset manager’s stock valued at $17,988,000 after buying an additional 7,658 shares in the last quarter. 70.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BX has been the subject of several recent analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of Blackstone in a report on Friday, January 30th. Evercore dropped their price target on Blackstone from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, January 30th. HSBC reduced their price objective on Blackstone from $178.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. UBS Group cut their price target on Blackstone from $171.00 to $137.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Finally, Jefferies Financial Group decreased their price objective on shares of Blackstone from $185.00 to $161.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Eleven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Blackstone presently has an average rating of “Moderate Buy” and a consensus target price of $165.86.

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Sector rebound lifts BX — Blackstone rose as private‑credit stocks broadly recovered, helping shares rebound after recent weakness in the group. Why Blackstone (BX) Stock Is Up Today
• Positive Sentiment: Record AUM supports fee growth — Blackstone’s assets under management hit about $1.27 trillion, boosting fee‑bearing capital and underpinning longer‑term earnings potential despite private‑credit headline risk. Will Blackstone’s Rising AUM Balance Aid Long-Term Earnings Growth?
• Positive Sentiment: Long‑term performance track record — Analysis showing strong 10‑year returns highlights BX’s compounding of fee and carry businesses, supporting investor confidence over multi‑year horizons. $100 Invested In Blackstone 10 Years Ago Would Be Worth This Much Today
• Neutral Sentiment: AI/portfolio strategy talks — Reports that Anthropic has discussed a joint venture to embed AI across PE portfolios could lower software spend and boost margins, but implications and timing are uncertain. Private equity is about to eat its own software portfolio
• Negative Sentiment: Earlier private‑credit scare pushed shares down — A prior drop was linked to investor concern about private‑credit stability after a major bank announcement, feeding volatility in BX and peers. Why Blackstone (BX) Stock Is Trading Lower Today
• Negative Sentiment: Recent 52‑week low highlights downside sensitivity — Coverage noting BX at a 52‑week low underscores how quickly sentiment can swing on private‑credit headlines and macro concerns. Blackstone Stock Falls To 52-Week Low: Here’s Why

Blackstone Stock Up 4.4%

NYSE BX opened at $106.62 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.76 and a current ratio of 0.76. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $190.09. The stock has a market capitalization of $79.13 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 0.81 and a beta of 1.79. The stock has a fifty day moving average of $134.85 and a 200-day moving average of $150.59.

Blackstone (NYSE:BX) last posted its quarterly earnings results on Thursday, January 29th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.21. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The firm’s quarterly revenue was up 41.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.69 earnings per share. On average, equities research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were paid a dividend of $1.49 per share. This represents a $5.96 dividend on an annualized basis and a dividend yield of 5.6%. This is a positive change from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date of this dividend was Monday, February 9th. Blackstone’s payout ratio is presently 153.61%.

Insider Activity at Blackstone

In related news, major shareholder Holdings Iv Gp Mana Blackstone purchased 1,146,789 shares of Blackstone stock in a transaction dated Monday, February 23rd. The shares were acquired at an average cost of $26.16 per share, for a total transaction of $30,000,000.24. Following the transaction, the insider directly owned 16,716,249 shares of the company’s stock, valued at approximately $437,297,073.84. This trade represents a 7.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of Blackstone stock in a transaction on Friday, February 27th. The stock was sold at an average price of $10.00, for a total value of $15,961,420.00. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.00% of the company’s stock.

Blackstone Company Profile

Blackstone Inc (NYSE: BX) is a global investment firm focused on alternative asset management. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and headquartered in New York City, the firm organizes and manages investment vehicles that acquire and operate businesses, real estate and credit investments, as well as provide hedge fund solutions and other alternative strategies for institutional and individual investors.

Blackstone’s business is organized around several principal investment platforms.