F m Investments LLC increased its stake in shares of Blackstone Inc. (NYSE:BX – Free Report) by 46.2% in the 3rd quarter, Holdings Channel reports. The firm owned 76,353 shares of the asset manager’s stock after buying an additional 24,112 shares during the period. F m Investments LLC’s holdings in Blackstone were worth $13,045,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in BX. REAP Financial Group LLC bought a new position in shares of Blackstone during the 3rd quarter valued at $26,000. Traub Capital Management LLC bought a new stake in shares of Blackstone in the second quarter worth $27,000. Redmont Wealth Advisors LLC bought a new position in Blackstone in the third quarter valued at about $30,000. Parvin Asset Management LLC bought a new stake in shares of Blackstone during the 2nd quarter valued at about $35,000. Finally, Rexford Capital Inc. purchased a new position in shares of Blackstone in the second quarter worth approximately $35,000. Institutional investors own 70.00% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on BX. Weiss Ratings reiterated a “hold (c)” rating on shares of Blackstone in a research note on Wednesday, January 21st. Piper Sandler cut their price target on Blackstone from $168.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Royal Bank Of Canada began coverage on Blackstone in a research note on Monday, February 23rd. They issued an “outperform” rating and a $179.00 price objective on the stock. Citizens Jmp reiterated a “market outperform” rating and set a $195.00 price objective on shares of Blackstone in a research note on Friday, January 30th. Finally, Bank of America decreased their target price on shares of Blackstone from $199.00 to $189.00 in a research note on Wednesday, December 10th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Blackstone currently has an average rating of “Moderate Buy” and a consensus target price of $165.86.
Insider Activity
In related news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Holdings Iv Gp Mana Blackstone acquired 1,146,789 shares of Blackstone stock in a transaction on Monday, February 23rd. The stock was purchased at an average cost of $26.16 per share, for a total transaction of $30,000,000.24. Following the purchase, the insider owned 16,716,249 shares in the company, valued at approximately $437,297,073.84. The trade was a 7.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.00% of the company’s stock.
Blackstone Stock Performance
NYSE:BX opened at $106.62 on Friday. The stock has a 50-day moving average price of $134.85 and a 200 day moving average price of $150.59. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 12-month low of $101.73 and a 12-month high of $190.09. The stock has a market capitalization of $79.13 billion, a P/E ratio of 27.48, a P/E/G ratio of 0.81 and a beta of 1.79.
Blackstone (NYSE:BX – Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.21. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the firm posted $1.69 EPS. The company’s revenue was up 41.4% on a year-over-year basis. Equities research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current fiscal year.
Blackstone Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a dividend of $1.49 per share. This is a boost from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date of this dividend was Monday, February 9th. This represents a $5.96 annualized dividend and a dividend yield of 5.6%. Blackstone’s payout ratio is currently 153.61%.
Blackstone News Roundup
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 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.
Further Reading
- Five stocks we like better than Blackstone
- A personal warning from Martin Weiss (Please read)
- SpaceX IPO Confirmed: Claim Your Stake Today
- Iran isn’t the real war
- This coin has everything going for it
- Only 500 people today…
Want to see what other hedge funds are holding BX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Inc. (NYSE:BX – Free Report).
Receive News & Ratings for Blackstone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone and related companies with MarketBeat.com's FREE daily email newsletter.
