Truist Financial Corp Sells 6,820 Shares of Blackstone Inc. $BX

Truist Financial Corp cut its stake in shares of Blackstone Inc. (NYSE:BX) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 222,314 shares of the asset manager’s stock after selling 6,820 shares during the quarter. Truist Financial Corp’s holdings in Blackstone were worth $34,267,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jain Global LLC bought a new position in shares of Blackstone in the third quarter valued at about $9,116,000. Fayez Sarofim & Co raised its holdings in shares of Blackstone by 1.9% in the third quarter. Fayez Sarofim & Co now owns 1,270,608 shares of the asset manager’s stock valued at $217,083,000 after buying an additional 24,237 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Blackstone by 20.4% in the third quarter. Natixis Advisors LLC now owns 840,401 shares of the asset manager’s stock valued at $143,582,000 after buying an additional 142,479 shares during the last quarter. Close Asset Management Ltd raised 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 last quarter. Finally, Whittier Trust Co. raised 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 valued at $58,337,000 after buying an additional 7,053 shares during the last quarter. 70.00% of the stock is owned by institutional investors.

Insider Transactions at Blackstone

In other Blackstone news, insider Vikrant Sawhney sold 30,014 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $125.79, for a total transaction of $3,775,461.06. Following the completion of the transaction, the insider owned 899,669 shares of the company’s stock, valued at $113,169,363.51. This represents a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total value of $26,246,039.04. Following the transaction, the insider directly owned 25,832 shares of the company’s stock, valued at approximately $90,670.32. This trade represents a 99.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 9,103,660 shares of company stock worth $45,982,920. Company insiders own 1.00% of the company’s stock.

Blackstone Price Performance

Shares of BX opened at $122.78 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50 day simple moving average of $115.98 and a 200 day simple moving average of $136.65. Blackstone Inc. has a 52-week low of $101.73 and a 52-week high of $190.09. The firm has a market capitalization of $91.12 billion, a PE ratio of 31.40, a P/E/G ratio of 1.34 and a beta of 1.63.

Blackstone (NYSE:BX) last issued its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.02. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.45 billion. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.Blackstone’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 EPS. Sell-side analysts predict that Blackstone Inc. will post 5.91 EPS for the current fiscal year.

Blackstone Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, May 4th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $4.64 annualized dividend and a dividend yield of 3.8%. Blackstone’s dividend payout ratio (DPR) is currently 118.67%.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is part of a roughly $1.5 billion Anthropic-led venture with Goldman, Hellman & Friedman and others to deploy AI tools (Claude) across PE-owned portfolio companies. For Blackstone this could accelerate operational improvements at portfolio firms, create new fee or services opportunities and strengthen competitive advantages in sourcing and scaling deals. Anthropic teams with Goldman, Blackstone and others on $1.5 billion AI venture targeting PE-owned firms
• Positive Sentiment: Reports say Blackstone and KKR are in talks with Alphabet to give their portfolio companies access to Google AI models. Direct access to leading AI models could boost productivity and valuations across Blackstone’s holdings and speed value creation in exits. Market Chatter: Blackstone, KKR in Talks With Alphabet to Give Portfolio Companies Access to AI Models
• Positive Sentiment: Blackstone’s new data-center vehicle (Blackstone Digital Infrastructure Trust / BXDC) is targeting roughly $1.7–1.75 billion in a U.S. IPO to buy newly built data centers leased to hyperscalers. This expands BX’s fee-bearing AUM and taps a hot sector (secular demand for cloud infra), potentially adding recurring management/transaction fees and unlocking value via a public listing. Blackstone vehicle aims to raise over $1.7 billion in US IPO for data center bet
• Neutral Sentiment: Analyses comparing Blackstone (BX) with peers on valuation (e.g., Orix / IX comparisons) are circulating; these pieces provide context on relative value but don’t change fundamentals immediately. Useful for investors re-assessing BX vs. other asset managers or alternative-asset plays. IX vs. BX: Which Stock Is the Better Value Option?
• Negative Sentiment: An analyst consensus recently settled at an average “Hold” for BX, which signals limited near-term upside in Street expectations and could cap buying interest until clearer catalysts (earnings beats, visible fee growth, or successful IPO execution) emerge. Blackstone Inc. (NYSE:BX) Receives Average Recommendation of “Hold” from Analysts

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. 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. HSBC dropped their price objective on Blackstone from $164.00 to $131.00 and set a “hold” rating for the company in a report on Friday, April 10th. Jefferies Financial Group dropped their price objective on Blackstone from $161.00 to $143.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Royal Bank Of Canada set a $173.00 price objective on Blackstone in a report on Friday, April 24th. Finally, Citigroup reissued a “market outperform” rating on shares of Blackstone in a report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $150.95.

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.