Capital International Sarl Cuts Stake in Blackstone Inc. $BX

Capital International Sarl reduced its position in Blackstone Inc. (NYSE:BX) by 82.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 18,447 shares of the asset manager’s stock after selling 88,376 shares during the period. Capital International Sarl’s holdings in Blackstone were worth $2,843,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. REAP Financial Group LLC purchased a new position in Blackstone in the third quarter worth $26,000. Family CFO Inc purchased a new position in Blackstone in the fourth quarter worth $28,000. Ares Financial Consulting LLC purchased a new position in Blackstone in the fourth quarter worth $28,000. Richardson Financial Services Inc. purchased a new position in Blackstone in the fourth quarter worth $29,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Blackstone in the third quarter worth $30,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Zacks Research downgraded shares of Blackstone from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Citizens Jmp lowered their price objective on shares of Blackstone from $195.00 to $190.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. BMO Capital Markets lifted their price objective on shares of Blackstone from $126.00 to $132.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. The Goldman Sachs Group lowered their price objective on shares of Blackstone from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Finally, Royal Bank Of Canada set a $173.00 price objective on shares of Blackstone in a research note on Friday, April 24th. Twelve investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $151.05.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone-backed AirTrunk plans to invest $30 billion in India digital infrastructure, highlighting continued growth opportunities in Blackstone’s portfolio and exposure to AI/data-center demand. Blackstone-backed AirTrunk to invest $30B in India digital infrastructure
• Positive Sentiment: Blackstone also remains active on the capital-deployment side, with a new partnership with Nippon Life and the successful IPO of Liftoff Mobile adding to the firm’s deal-making momentum. Blackstone’s Liftoff IPO And Nippon Life Deal Reshape BX Outlook
• Positive Sentiment: The stock also appeared to rebound sharply after an earlier selloff, as some investors viewed the withdrawal cap as a sign of private-credit demand pressures rather than a direct fundamental hit to earnings. Why is Blackstone stock gaining despite a withdrawal cap on its flagship fund?
• Neutral Sentiment: Peer-related headlines from other alternative-asset managers and broader private-credit redemption concerns are adding sector-wide volatility, but they do not directly change Blackstone’s reported quarterly earnings outlook. Alternative Managers Shares Slip as Cliffwater Redemption Fears Mount
• Negative Sentiment: Blackstone’s decision to limit redemptions at Blackstone Private Credit Fund is the main overhang, as it signals heavier-than-expected withdrawal demand and raises questions about liquidity across private markets. Investors Seek to Pull 10% from Blackstone’s Giant Private-Credit Fund
• Negative Sentiment: Multiple reports that redemption requests surged and that Blackstone capped withdrawals reinforced investor concern about private-credit and private-equity fund liquidity, which has weighed on BX sentiment. Redemption requests rise at Blackstone, Partners Group as private markets strain

Blackstone Trading Up 0.0%

NYSE BX opened at $115.40 on Monday. The company has a market capitalization of $85.73 billion, a PE ratio of 29.51, a P/E/G ratio of 1.25 and a beta of 1.59. The company has a fifty day moving average of $119.22 and a 200 day moving average of $131.67. Blackstone Inc. has a 1 year low of $101.73 and a 1 year high of $190.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76.

Blackstone (NYSE:BX) last posted its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.45 billion. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share. Research analysts forecast that Blackstone Inc. will post 5.9 earnings per share for the current year.

Blackstone Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a dividend of $1.16 per share. The ex-dividend date was Monday, May 4th. This represents a $4.64 dividend on an annualized basis and a yield of 4.0%. Blackstone’s payout ratio is currently 118.67%.

Insider Buying and Selling

In other news, major shareholder Treasury Holdings I. Blackstone acquired 9,486,795 shares of the business’s stock in a transaction on Friday, May 15th. The stock was bought at an average price of $20.00 per share, with a total value of $189,735,900.00. Following the completion of the acquisition, the insider owned 9,111,800 shares of the company’s stock, valued at approximately $182,236,000. This represents a -2,529.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total value of $26,246,039.04. Following the sale, the insider owned 25,832 shares in the company, valued at $90,670.32. This trade represents a 99.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have bought 12,355,303 shares of company stock valued at $264,789,896 in the last ninety days. Company 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.