Rep. Dan Newhouse Purchases Shares of Blackstone Inc. (NYSE:BX)

Representative Dan Newhouse (R-Washington) recently bought shares of Blackstone Inc. (NYSE:BX). In a filing disclosed on January 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Blackstone stock on December 11th. The trade occurred in the Representative’s “EDWARD JONES BROKERAGE” account.

Representative Dan Newhouse also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Royal Caribbean Cruises (NYSE:RCL) on 12/31/2025.
• Purchased $1,001 – $15,000 in shares of Broadridge Financial Solutions (NYSE:BR) on 12/31/2025.
• Purchased $1,001 – $15,000 in shares of Synopsys (NASDAQ:SNPS) on 12/31/2025.
• Sold $1,001 – $15,000 in shares of Brown & Brown (NYSE:BRO) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 12/11/2025.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of T-Mobile US (NASDAQ:TMUS) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of Textron (NYSE:TXT) on 12/11/2025.
• Sold $1,001 – $15,000 in shares of Magna International (NYSE:MGA) on 12/11/2025.
• Sold $1,001 – $15,000 in shares of Truist Financial (NYSE:TFC) on 12/11/2025.

Blackstone Stock Up 1.8%

NYSE BX opened at $163.67 on Monday. The company has a market cap of $120.86 billion, a price-to-earnings ratio of 46.76, a PEG ratio of 1.15 and a beta of 1.75. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $151.03 and a 200-day moving average of $161.37. Blackstone Inc. has a 1-year low of $115.66 and a 1-year high of $190.09.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, October 23rd. The asset manager reported $1.52 EPS for the quarter, beating the consensus estimate of $1.23 by $0.29. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.14 billion. Blackstone had a net margin of 20.56% and a return on equity of 22.30%. The company’s revenue was down 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 earnings per share. On average, equities research analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were given a $1.29 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This is a boost from Blackstone’s previous quarterly dividend of $1.03. This represents a $5.16 dividend on an annualized basis and a dividend yield of 3.2%. Blackstone’s dividend payout ratio (DPR) is presently 147.43%.

Analyst Ratings Changes

BX has been the topic of several recent analyst reports. HSBC dropped their price target on Blackstone from $179.00 to $178.00 in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Blackstone from $164.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Rothschild & Co Redburn reduced their target price on Blackstone from $168.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday. Barclays lowered their target price on Blackstone from $172.00 to $171.00 and set an “equal weight” rating on the stock in a research report on Friday, January 9th. Finally, BNP Paribas Exane lowered their price objective on shares of Blackstone from $167.00 to $156.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Ten 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, the stock presently has a consensus rating of “Hold” and an average price target of $177.25.

Insider Activity

In related news, Director Ruth Porat bought 324 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were bought at an average price of $146.92 per share, with a total value of $47,602.08. Following the completion of the transaction, the director directly owned 39,077 shares of the company’s stock, valued at $5,741,192.84. This represents a 0.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Breyer acquired 13,900 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average price of $143.86 per share, for a total transaction of $1,999,654.00. Following the completion of the acquisition, the director owned 68,906 shares in the company, valued at approximately $9,912,817.16. The trade was a 25.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 797,148 shares of company stock worth $24,050,153. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Blackstone

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arcus Capital Partners LLC grew its stake in Blackstone by 1.2% in the 2nd quarter. Arcus Capital Partners LLC now owns 4,937 shares of the asset manager’s stock valued at $739,000 after acquiring an additional 58 shares during the period. Mattern Wealth Management LLC raised its position in shares of Blackstone by 2.8% during the 2nd quarter. Mattern Wealth Management LLC now owns 2,213 shares of the asset manager’s stock worth $331,000 after purchasing an additional 60 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in Blackstone by 3.5% in the 2nd quarter. GHP Investment Advisors Inc. now owns 1,784 shares of the asset manager’s stock valued at $267,000 after buying an additional 61 shares in the last quarter. Sage Rhino Capital LLC raised its holdings in shares of Blackstone by 0.8% during the second quarter. Sage Rhino Capital LLC now owns 8,036 shares of the asset manager’s stock valued at $1,202,000 after acquiring an additional 63 shares during the last quarter. Finally, WNY Asset Management LLC boosted its stake in shares of Blackstone by 1.7% in the second quarter. WNY Asset Management LLC now owns 3,852 shares of the asset manager’s stock worth $576,000 after acquiring an additional 64 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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.