OFI Invest Asset Management purchased a new position in shares of Blackstone Inc. (NYSE:BX – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 147,370 shares of the asset manager’s stock, valued at approximately $22,716,000.
Several other large investors also recently made changes to their positions in the stock. REAP Financial Group LLC acquired a new position in shares of Blackstone during the 3rd quarter worth about $26,000. Redmont Wealth Advisors LLC acquired a new position in shares of Blackstone during the 3rd quarter worth about $30,000. Strive Asset Management LLC acquired a new position in shares of Blackstone during the 3rd quarter worth about $30,000. Kelleher Financial Advisors acquired a new position in shares of Blackstone during the 3rd quarter worth about $34,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Blackstone during the 2nd quarter worth about $35,000. Institutional investors own 70.00% of the company’s stock.
Insider Buying and Selling
In other Blackstone news, major shareholder Holdings Iv Gp Mana Blackstone acquired 2,868,069 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of $26.15 per share, with a total value of $75,000,004.35. Following the purchase, the insider owned 18,628,295 shares of the company’s stock, valued at $487,129,914.25. This represents a 18.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of Blackstone stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the sale, the insider directly owned 25,832 shares in the company, valued at $90,670.32. This represents a 99.66% decrease in their position. The SEC filing for this sale provides additional information. 1.00% of the stock is currently owned by company insiders.
Blackstone Stock Up 4.3%
Blackstone (NYSE:BX – Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.21. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $3.69 billion. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The business’s quarterly revenue was up 41.4% compared to the same quarter last year. During the same period last year, the company earned $1.69 EPS. On average, analysts predict that Blackstone Inc. will post 5.87 earnings per share for the current year.
Blackstone Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were paid a dividend of $1.49 per share. This represents a $5.96 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Monday, February 9th. This is a boost from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s dividend payout ratio (DPR) is 153.61%.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. TD Cowen cut their price target on Blackstone from $183.00 to $164.00 and set a “buy” rating for the company in a report on Thursday, February 12th. BMO Capital Markets cut their price target on Blackstone from $165.00 to $126.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blackstone in a report on Wednesday, January 21st. Piper Sandler cut their price target on Blackstone from $158.00 to $122.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Bank of America cut their price target on Blackstone from $199.00 to $189.00 in a report on Wednesday, December 10th. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $159.43.
Get Our Latest Stock Analysis on Blackstone
Trending Headlines about Blackstone
Here are the key news stories impacting Blackstone this week:
- Positive Sentiment: Blackstone closed its flagship opportunistic credit fund (COF V) at over $10 billion, hitting the hard cap — an oversubscribed close that supports fee-related revenue, AUM growth and validates demand for BX’s credit strategies. Blackstone Closes Flagship Opportunistic Credit Fund at Over $10B
- Positive Sentiment: Blackstone sold a roughly $723 million stake in Legence to strong demand — a successful partial exit that crystallizes value, boosts realizations and can fund distributions or redeployments. Legence draws strong demand as Blackstone sells $723M stake
- Positive Sentiment: Blackstone is part of a consortium that agreed to buy UK aerospace supplier Senior Plc — deal activity supports BX’s deployment track record and potential future fee capture. Senior Plc agrees to Tinicum-Blackstone offer
- Neutral Sentiment: Jefferies trimmed its price target (to $143) but kept a buy rating — still shows upside in some analysts’ models despite a lower target. Jefferies adjusts price target on Blackstone
- Neutral Sentiment: Barclays trimmed its target slightly to $124 and kept an equal-weight rating — modestly lower expectations but no rating downgrade. Barclays adjusts price target on Blackstone
- Negative Sentiment: Piper Sandler cut its price target to $122 and moved to a neutral/hold posture on BX — another sell-side downward revision that pressures sentiment. Piper Sandler Lowers Blackstone Price Target
- Negative Sentiment: Goldman Sachs lowered its price target to $118 — a direct bearish signal from a major bank that likely contributed to near-term selling pressure. Goldman Sachs Lowers Blackstone Price Target
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.
Further Reading
Want to see what other hedge funds are holding BX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Inc. (NYSE:BX – Free Report).
Receive News & Ratings for Blackstone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone and related companies with MarketBeat.com's FREE daily email newsletter.
