Signet Investment Advisory Group Inc. Invests $867,000 in Blackstone Inc. $BX

Signet Investment Advisory Group Inc. bought a new stake in Blackstone Inc. (NYSE:BX) in the third quarter, Holdings Channel.com reports. The institutional investor bought 5,074 shares of the asset manager’s stock, valued at approximately $867,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BX. REAP Financial Group LLC acquired a new stake in Blackstone in the 3rd quarter valued at $26,000. Traub Capital Management LLC acquired a new position in shares of Blackstone during the second quarter valued at about $27,000. Parvin Asset Management LLC acquired a new stake in shares of Blackstone in the 2nd quarter worth about $35,000. Rexford Capital Inc. acquired a new position in Blackstone during the 2nd quarter valued at about $35,000. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in shares of Blackstone in the third quarter worth approximately $45,000. Institutional investors own 70.00% of the company’s stock.

Blackstone News Summary

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Big increase in Anthropic stake boosts BX’s AI exposure — reports say Blackstone has raised its investment in AI chatbot maker Anthropic to roughly $1 billion (implying continued balance-sheet commitment to high-growth AI assets and potential long-term upside). Blackstone boosts stake in Anthropic
• Positive Sentiment: Large debt package to Australian AI-infrastructure developer Firmus (reported as a $10B financing with Coatue) highlights BX’s originations/lending scale into AI infrastructure, supporting fee and interest-income growth. Firmus financing
• Positive Sentiment: Management pivoting toward data centers and healthtech signals allocation into secular growth sectors (could support higher valuation multiples if executed). Blackstone targets data centers and healthtech
• Neutral Sentiment: Brookfield is reportedly in talks to buy Fidere (BX’s hospitality/real estate stake) for about $1.2B — a sale could crystallize value or reduce recurring earnings depending on price and use of proceeds. Brookfield talks to buy Fidere
• Neutral Sentiment: Transcript from Blackstone’s Bank of America presentation is available — useful for details on fee cadence, deal pipeline and distribution outlook but contains no single market-moving surprise. BofA conference transcript
• Neutral Sentiment: Founder Steve Schwarzman’s push to build a major private foundation is a governance/capital-allocation signal but unlikely to materially affect near-term earnings. Schwarzman foundation plans
• Negative Sentiment: Jefferies trimmed its BX price target from $185 to $161 while keeping a buy rating — a sign analysts are downgrading upside expectations even if conviction remains. Jefferies lowers price target

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BX shares. BNP Paribas Exane decreased their price target on Blackstone from $167.00 to $156.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Blackstone in a research report on Wednesday, January 21st. Bank of America decreased their price objective on shares of Blackstone from $199.00 to $189.00 in a research note on Wednesday, December 10th. Rothschild & Co Redburn reduced their target price on Blackstone from $165.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Finally, Jefferies Financial Group dropped their price target on Blackstone from $185.00 to $161.00 and set a “buy” rating on the stock in a report on Tuesday. 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, Blackstone currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.68.

Blackstone Price Performance

Blackstone stock opened at $133.78 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.61. The business’s 50 day simple moving average is $151.36 and its 200 day simple moving average is $158.84. Blackstone Inc. has a 12 month low of $115.66 and a 12 month high of $190.09. The company has a market cap of $98.79 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 1.02 and a beta of 1.76.

Blackstone (NYSE:BX) last issued its quarterly earnings results on Thursday, January 29th. The asset manager reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.21. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the firm earned $1.69 EPS. The business’s revenue for the quarter was up 41.4% compared to the same quarter last year. Sell-side analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th will be given a $1.49 dividend. This represents a $5.96 annualized dividend and a dividend yield of 4.5%. This is an increase from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date of this dividend is Monday, February 9th. Blackstone’s payout ratio is presently 153.61%.

Insider Activity at Blackstone

In related news, major shareholder Holdings Iv Gp Mana Blackstone acquired 385,208 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average cost of $25.96 per share, for a total transaction of $9,999,999.68. Following the purchase, the insider owned 16,332,883 shares in the company, valued at $424,001,642.68. This trade represents a 2.42% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of Blackstone stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. Following the transaction, the insider directly owned 2,161 shares of the company’s stock, valued at $21,610. The trade was a 99.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by company insiders.

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.