Private Multi-Asset Blackstone Purchases 573,614 Shares of Blackstone (NYSE:BX) Stock

Blackstone Inc. (NYSE:BX) major shareholder Private Multi-Asset Blackstone purchased 573,614 shares of the stock in a transaction dated Thursday, July 23rd. The stock was acquired at an average cost of $26.15 per share, for a total transaction of $15,000,006.10. Following the completion of the transaction, the insider owned 8,455,758 shares of the company’s stock, valued at $221,118,071.70. The trade was a 7.28% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Private Multi-Asset Blackstone also recently made the following trade(s):

• On Tuesday, June 23rd, Private Multi-Asset Blackstone acquired 765,111 shares of Blackstone stock. The stock was acquired at an average cost of $26.14 per share, with a total value of $20,000,001.54.

Blackstone Stock Down 3.4%

Shares of BX opened at $129.40 on Thursday. The firm has a market capitalization of $96.13 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.49 and a beta of 1.58. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $190.09. The company has a 50-day simple moving average of $121.28 and a 200-day simple moving average of $124.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.76 and a current ratio of 0.72.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, July 23rd. The asset manager reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.18. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. The company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same period last year, the firm earned $0.98 EPS. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. On average, equities research analysts expect that Blackstone Inc. will post 5.99 earnings per share for the current year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be issued a dividend of $1.29 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $5.16 dividend on an annualized basis and a yield of 4.0%. This is a positive change from Blackstone’s previous quarterly dividend of $1.16. Blackstone’s payout ratio is 103.80%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BX shares. TD Cowen upped their price target on Blackstone from $133.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 24th. BNP Paribas Exane decreased their price objective on shares of Blackstone from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Dbs Bank upgraded Blackstone to a “moderate buy” rating in a report on Wednesday, May 27th. BMO Capital Markets increased their target price on Blackstone from $126.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Blackstone from $136.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $147.76.

Hedge Funds Weigh In On Blackstone

Institutional investors and hedge funds have recently made changes to their positions in the company. Trust Asset Management LLC increased its position in Blackstone by 3.4% during the second quarter. Trust Asset Management LLC now owns 8,297 shares of the asset manager’s stock worth $976,000 after acquiring an additional 273 shares during the period. Tema ETFs LLC lifted its stake in Blackstone by 6.9% during the second quarter. Tema ETFs LLC now owns 14,855 shares of the asset manager’s stock worth $1,748,000 after purchasing an additional 957 shares during the last quarter. West Branch Capital LLC lifted its holdings in shares of Blackstone by 26,600.0% in the second quarter. West Branch Capital LLC now owns 267 shares of the asset manager’s stock worth $31,000 after acquiring an additional 266 shares during the last quarter. KMG Fiduciary Partners LLC grew its stake in shares of Blackstone by 275.0% during the second quarter. KMG Fiduciary Partners LLC now owns 19,079 shares of the asset manager’s stock worth $2,245,000 after buying an additional 13,991 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its holdings in shares of Blackstone by 6.9% during the second quarter. Redhawk Wealth Advisors Inc. now owns 2,758 shares of the asset manager’s stock worth $325,000 after purchasing an additional 179 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: A major shareholder, Private Multi-Asset Blackstone, purchased 573,614 shares for approximately $15 million, increasing its position by 7.28%. The purchase follows another $20 million acquisition in June and may signal insider confidence. Blackstone Major Shareholder Acquires Shares
• Positive Sentiment: Blackstone is leading a consortium in a 20.5-year lease-and-leaseback agreement covering Kuwait’s domestic and export pipeline network. As Kuwait’s largest-ever foreign direct investment, the deal demonstrates Blackstone’s ability to deploy capital into large-scale infrastructure assets. Blackstone Leads Kuwait Pipeline Deal
• Positive Sentiment: The firm’s involvement in Jersey Mike’s planned IPO highlights its ability to improve portfolio companies and monetize investments. The sandwich chain is reportedly targeting an $8 billion valuation after Blackstone reduced expenses. Blackstone and Jersey Mike’s IPO
• Positive Sentiment: Blackstone recently reported quarterly EPS of $1.52 versus the $1.34 consensus estimate, while revenue rose 35.9% year over year to $5.04 billion. The quarterly dividend was also increased to $1.29 per share from $1.16, supporting the income appeal.
• Neutral Sentiment: Analyst sentiment remains moderately bullish, with a consensus “Moderate Buy” rating and an average target of $147.76. However, recent target changes were mixed, including RBC’s increase to $169 and lower targets from JPMorgan and Citizens JMP.
• Negative Sentiment: A valuation-focused analysis argues that BX may be fully priced after a 37.4% three-year gain. Premium earnings multiples and intrinsic-value estimates leave less margin of safety, even as AI-related investments and new products could support long-term growth. Blackstone Stock May Be Fully Priced

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.