Natixis Advisors LLC lifted its holdings in shares of Blackstone Inc. (NYSE:BX – Free Report) by 20.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 840,401 shares of the asset manager’s stock after purchasing an additional 142,479 shares during the period. Natixis Advisors LLC’s holdings in Blackstone were worth $143,582,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in BX. Vanguard Group Inc. grew its position in shares of Blackstone by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 69,492,377 shares of the asset manager’s stock worth $10,394,670,000 after buying an additional 1,494,796 shares during the period. Whittier Trust Co. increased its holdings in shares of Blackstone by 2.1% in the third quarter. Whittier Trust Co. now owns 346,318 shares of the asset manager’s stock worth $58,337,000 after acquiring an additional 7,053 shares in the last quarter. Close Asset Management Ltd boosted its holdings in shares of Blackstone by 16,035.1% in the third quarter. Close Asset Management Ltd now owns 1,140,264 shares of the asset manager’s stock valued at $194,746,000 after buying an additional 1,133,197 shares during the period. Exchange Traded Concepts LLC lifted its position in Blackstone by 733.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 13,715 shares of the asset manager’s stock valued at $2,343,000 after acquiring an additional 12,069 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC boosted its position in shares of Blackstone by 259.8% during the second quarter. Longfellow Investment Management Co. LLC now owns 22,160 shares of the asset manager’s stock worth $3,315,000 after buying an additional 16,001 shares during the period. Institutional investors own 70.00% of the company’s stock.
Blackstone Trading Down 4.6%
Shares of NYSE BX opened at $110.20 on Friday. The stock has a market cap of $81.79 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 0.95 and a beta of 1.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.75 and a current ratio of 0.76. Blackstone Inc. has a 52-week low of $105.09 and a 52-week high of $190.09. The firm has a 50 day moving average price of $139.66 and a two-hundred day moving average price of $152.56.
Blackstone Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a $1.49 dividend. The ex-dividend date was Monday, February 9th. This is an increase from Blackstone’s previous quarterly dividend of $1.29. This represents a $5.96 dividend on an annualized basis and a yield of 5.4%. Blackstone’s dividend payout ratio is presently 153.61%.
Key Stories Impacting Blackstone
Here are the key news stories impacting Blackstone this week:
- Positive Sentiment: Oaktree co‑founder Howard Marks publicly said there’s “no systemic problem” with private credit, a comment that calms fears about contagion across the sector and can support sentiment for BX. Oaktree’s Howard Marks says there’s no systemic problem with private credit
- Neutral Sentiment: Barclays reinstated coverage of BX with an Equal Weight rating and a $126 price target after a brief restriction period — coverage resumption reduces uncertainty but the $126 PT is well below recent 200‑day averages. Blackstone (BX) Coverage Reinstated by Barclays with $126 Price Target
- Negative Sentiment: Blackstone’s BCRED fund has seen a surge in redemption requests; the firm raised the repurchase cap and injected capital to meet demand — action avoids a disorderly liquidity event but highlights stress in retail-facing private credit and likely weighs on sentiment and valuation. Blackstone Redemptions Test Liquidity As Shares Trade Below Fair Value
- Negative Sentiment: Analysts cut targets: JPMorgan lowered its BX target to $122 and Barclays’s published target sits at $126 — fresh downward pressure from the sell‑side. JPMorgan Chase & Co. Lowers Blackstone Price Target to $122
- Negative Sentiment: A major shareholder sold roughly $15.96M of BX stock, a transaction that can amplify intraday selling pressure and signal reduced insider conviction. Blackstone Major Shareholder Sells $15,961,420.00 in Stock
- Negative Sentiment: Reports Bloomberg/Reuters that talks for a ~$4B New World deal have stalled over control issues; market reaction to deal uncertainty pressured related shares and sentiment toward BX. Blackstone’s $4 billion New World talks stall over control
- Negative Sentiment: Critical analyst pieces and commentary argue valuation and liquidity risks remain elevated (e.g., Seeking Alpha take and broader coverage of retail private‑credit redemptions), sustaining bearish narratives. Avoiding Blackstone And Blackstone Secured Lending…
Insiders Place Their Bets
In other news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Holdings Iv Gp Mana Blackstone acquired 1,146,789 shares of the stock in a transaction on Monday, February 23rd. The shares were acquired at an average price of $26.16 per share, for a total transaction of $30,000,000.24. Following the acquisition, the insider owned 16,716,249 shares of the company’s stock, valued at approximately $437,297,073.84. The trade was a 7.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is owned by insiders.
Wall Street Analyst Weigh In
BX has been the subject of a number of recent research reports. Royal Bank Of Canada began coverage on shares of Blackstone in a research note on Monday, February 23rd. They set an “outperform” rating and a $179.00 price objective for the company. Argus reduced their price objective on shares of Blackstone from $195.00 to $163.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Barclays reduced their price target on Blackstone from $164.00 to $126.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. BNP Paribas Exane reduced their price target on Blackstone from $167.00 to $156.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Finally, Citigroup reiterated a “market outperform” rating on shares of Blackstone in a research report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Blackstone currently has an average rating of “Moderate Buy” and a consensus price target of $165.86.
Check Out Our Latest Report on Blackstone
About Blackstone
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.
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