4,395 Shares in Blackstone Inc. $BX Purchased by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. acquired a new position in shares of Blackstone Inc. (NYSE:BX) in the 4th quarter, Holdings Channel reports. The fund acquired 4,395 shares of the asset manager’s stock, valued at approximately $677,000.

Other large investors have also made changes to their positions in the company. REAP Financial Group LLC acquired a new position in shares of Blackstone during the 3rd quarter worth about $26,000. Family CFO Inc acquired a new position in Blackstone in the 4th quarter valued at approximately $28,000. Ares Financial Consulting LLC acquired a new position in Blackstone in the 4th quarter valued at approximately $28,000. Richardson Financial Services Inc. acquired a new position in Blackstone in the 4th quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Blackstone in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Rothschild & Co Redburn cut their price target on Blackstone from $138.00 to $134.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Argus cut their price target on Blackstone from $163.00 to $146.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. TD Cowen cut their price target on Blackstone from $140.00 to $133.00 and set a “buy” rating for the company in a report on Monday, May 18th. Zacks Research lowered Blackstone from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Blackstone from $142.00 to $136.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Twelve research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $151.05.

Blackstone Trading Up 7.6%

BX stock opened at $118.62 on Friday. Blackstone Inc. has a 1-year low of $101.73 and a 1-year high of $190.09. The firm has a market cap of $88.12 billion, a P/E ratio of 30.34, a P/E/G ratio of 1.20 and a beta of 1.59. The business’s 50 day moving average is $119.08 and its 200-day moving average is $131.84. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.66.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.02. The company had revenue of $3.43 billion for 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%.The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 EPS. Equities analysts anticipate that Blackstone Inc. will post 5.9 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a dividend of $1.16 per share. The ex-dividend date was Monday, May 4th. This represents a $4.64 dividend on an annualized basis and a yield of 3.9%. Blackstone’s dividend payout ratio is 118.67%.

Blackstone News Roundup

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone announced an investment partnership with Nippon Life Insurance focused on private credit and real estate capital deployment, adding a new source of assets under management and potential fee growth. Blackstone, Nippon Life Insurance partner on private credit, real estate
• Positive Sentiment: Blackstone-backed Liftoff Mobile completed an IPO, reinforcing Blackstone’s ability to monetize portfolio investments and create value through exits. Blackstone’s Liftoff IPO And Nippon Life Deal Reshape BX Outlook
• Neutral Sentiment: TransAlta agreed to buy Blackstone-backed Colorado peaking plants for about $1 billion, which shows continued asset sale activity and potential capital recycling, but the stock impact is unclear from the announcement alone. TransAlta to buy Blackstone-backed Colorado peaking plants for $1 billion
• Negative Sentiment: Blackstone’s private credit fund withdrawal cap is fueling renewed investor anxiety about liquidity in private markets and could pressure sentiment if redemption stress spreads to peers. Investors Seek to Pull 10% from Blackstone’s Giant Private-Credit Fund
• Negative Sentiment: Peer fund redemption limits from Partners Group and Cliffwater triggered a broader selloff in alternative asset managers, weighing on BX despite today’s rebound. KKR, Ares, Blackstone tumble premarket as Partners Group caps private equity fund withdrawals

Insider Buying and Selling at Blackstone

In other Blackstone news, major shareholder Holdings Iv Gp Mana Blackstone purchased 2,868,069 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average cost of $26.15 per share, for a total transaction of $75,000,004.35. Following the transaction, the insider directly owned 18,628,295 shares in the company, valued at approximately $487,129,914.25. The trade was a 18.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Treasury Holdings I. Blackstone purchased 9,486,795 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $189,735,900.00. Following the completion of the transaction, the insider owned 9,111,800 shares in the company, valued at $182,236,000. The trade was a -2,529.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 12,355,303 shares of company stock worth $264,789,896 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Blackstone 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.