Blackstone Inc. $BX Stock Purchased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC boosted its holdings in shares of Blackstone Inc. (NYSE:BX) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,620 shares of the asset manager’s stock after purchasing an additional 6,383 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Blackstone were worth $8,700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Blackstone in the second quarter valued at about $6,112,162,000. Bank of America Corp DE acquired a new stake in Blackstone during the second quarter worth about $1,364,373,000. Legal & General Group Plc bought a new position in Blackstone during the second quarter valued at about $605,267,000. Bank of New York Mellon Corp increased its stake in Blackstone by 8.0% during the first quarter. Bank of New York Mellon Corp now owns 4,520,908 shares of the asset manager’s stock valued at $519,859,000 after acquiring an additional 333,798 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Blackstone by 1.2% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,353,274 shares of the asset manager’s stock valued at $512,250,000 after acquiring an additional 52,755 shares in the last quarter. Institutional investors own 70.00% of the company’s stock.

Blackstone Stock Performance

Blackstone stock opened at $106.47 on Friday. The firm has a market capitalization of $79.92 billion, a P/E ratio of 23.82, a P/E/G ratio of 1.28 and a beta of 1.59. The stock has a fifty day moving average price of $128.21 and a two-hundred day moving average price of $124.13. Blackstone Inc. has a 52-week low of $101.73 and a 52-week high of $165.14. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.72 and a quick ratio of 0.72.

Blackstone (NYSE:BX) last issued its earnings results on Thursday, July 23rd. The asset manager reported $1.52 EPS for the quarter, beating the consensus estimate of $1.34 by $0.18. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $3.42 billion. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. As a group, analysts anticipate that Blackstone Inc. will post 5.91 EPS for the current fiscal year.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 4.8%. This is a boost from Blackstone’s previous quarterly dividend of $1.16. The ex-dividend date was Monday, August 3rd. Blackstone’s dividend payout ratio (DPR) is presently 115.44%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BX shares. Keefe, Bruyette & Woods upgraded Blackstone to a “hold” rating in a research report on Monday, July 20th. Citizens Jmp lowered their price objective on Blackstone from $190.00 to $165.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Morgan Stanley restated an “overweight” rating and issued a $165.00 target price on shares of Blackstone in a research note on Friday. Barclays reduced their target price on Blackstone from $128.00 to $124.00 and set an “equal weight” rating for the company in a research report on Thursday, October 8th. Finally, Argus lifted their price target on shares of Blackstone from $146.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.70.

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone funds are reportedly set to exit ZO Skin Health through a $1.5 billion sale to Galderma. The transaction could provide a meaningful realization for Blackstone and demonstrate progress monetizing portfolio investments. Blackstone funds set to exit ZO Skin Health in $1.5 billion Galderma deal
• Neutral Sentiment: Director Joseph Baratta plans to resign from Blackstone’s board at the end of 2026, resulting in a planned board reduction. The announcement does not indicate an operational change but may draw some investor attention because of Baratta’s senior role at the firm. Joseph Baratta to resign from Blackstone board at year-end
• Neutral Sentiment: Blackstone is scheduled to report third-quarter 2026 results on Oct. 22 before the market opens. Investors will focus on assets under management, fundraising, capital deployment, realizations and the effect of market volatility on performance fees. Blackstone’s Q3 Earnings on the Deck: What’s in Store for BX?
• Negative Sentiment: Analysts expect third-quarter earnings to decline despite growth in assets under management. Higher expenses, muted deal exits and weaker revenue could reduce the likelihood of an earnings beat, making the upcoming report a near-term risk for BX. Earnings Preview: Blackstone Inc. Q3 Earnings Expected to Decline
• Negative Sentiment: Blackstone’s fair-value assessment edged lower as analysts weighed softer realizations, while UBS Group also cut its price target. These revisions suggest concerns that slower exits and monetization could pressure near-term returns. Blackstone Stock Fair Value Edges Lower
• Negative Sentiment: Options activity was unusually elevated, with traders purchasing 22,725 BX put contracts, approximately 20% above typical put volume. While this is not definitive evidence of future performance, it reflects increased demand for downside protection or bearish exposure.

Insider Activity

In other news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $16.40, for a total transaction of $2,043,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David Payne sold 9,500 shares of Blackstone stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $145.23, for a total transaction of $1,379,685.00. Following the completion of the transaction, the chief accounting officer owned 64,448 shares of the company’s stock, valued at $9,359,783.04. This trade represents a 12.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders purchased 1,038,406 shares of company stock valued at $27,205,951 and sold 4,077,276 shares valued at $37,573,644. 1.00% of the stock is owned by corporate insiders.

About Blackstone

Blackstone Inc (NYSE:BX) is a global alternative asset management firm that provides investment and advisory services to institutional investors, companies, and qualified individual investors. The company manages capital across private equity, real estate, credit and insurance, infrastructure, hedge fund solutions, secondaries, and growth-oriented investments.

Blackstone invests in and manages portfolios of businesses, properties, infrastructure assets, and credit instruments across a range of industries.