Matrix Private Capital Group LLC Buys New Stake in Blackstone Inc. $BX

Matrix Private Capital Group LLC purchased a new position in shares of Blackstone Inc. (NYSE:BX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,651 shares of the asset manager’s stock, valued at approximately $1,340,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Redwood Financial Network Corp boosted its holdings in Blackstone by 1.8% in the second quarter. Redwood Financial Network Corp now owns 3,588 shares of the asset manager’s stock valued at $537,000 after purchasing an additional 65 shares in the last quarter. Benchmark Financial Wealth Advisors LLC raised its holdings in Blackstone by 0.9% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 7,748 shares of the asset manager’s stock worth $1,194,000 after purchasing an additional 69 shares in the last quarter. Parcion Private Wealth LLC lifted its position in shares of Blackstone by 0.6% during the 4th quarter. Parcion Private Wealth LLC now owns 10,935 shares of the asset manager’s stock worth $1,686,000 after buying an additional 70 shares during the last quarter. Trivium Point Advisory LLC grew its position in shares of Blackstone by 2.6% in the 4th quarter. Trivium Point Advisory LLC now owns 2,713 shares of the asset manager’s stock valued at $418,000 after buying an additional 70 shares during the last quarter. Finally, Zacks Investment Management lifted its position in Blackstone by 2.1% in the third quarter. Zacks Investment Management now owns 3,453 shares of the asset manager’s stock valued at $590,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone beat Q2 earnings and revenue estimates, with EPS of $1.52 versus expectations around $1.33-$1.34 and revenue of $5.04 billion versus $3.42 billion expected, signaling better-than-expected operating performance. Blackstone Inc. (BX) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Assets under management hit a record $1.35 trillion, helped by nearly $70 billion in quarterly inflows, which suggests Blackstone continues to attract capital even in a tougher fundraising environment. Blackstone’s quarterly profit gets boost from asset pile, AI investment gains
• Positive Sentiment: Management highlighted that AI-related investments are starting to pay off, with gains across data centers, infrastructure, credit, and private markets boosting profit and growth prospects. BX Q2 Earnings Call Highlights AI Strategy & Fundraising Strength
• Positive Sentiment: Royal Bank of Canada raised its price target on Blackstone to $169 from $161 and kept an outperform rating, underscoring improved analyst confidence in the stock. Analyst price target update
• Neutral Sentiment: Blackstone is also in the final bidding for yacht retailer MarineMax, a potential acquisition that could expand its deal flow, though the impact on earnings is still uncertain. Blackstone, Donerail among final bidders for yacht retailer MarineMax, sources say
• Neutral Sentiment: The company also announced a higher quarterly dividend, which is supportive for income-focused investors, but this is a smaller near-term driver than the earnings beat and AI-related growth narrative. Dividend announcement

Insider Activity at Blackstone

In other Blackstone news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the completion of the transaction, the insider owned 19,374 shares in the company, valued at approximately $73,233.72. This represents a 99.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Treasury Holdings I. Blackstone bought 9,486,795 shares of the stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $189,735,900.00. Following the acquisition, the insider owned 9,111,800 shares of the company’s stock, valued at approximately $182,236,000. This represents a -2,529.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 10,252,345 shares of company stock worth $209,789,893 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on BX shares. Oppenheimer raised their price objective on Blackstone from $139.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday. Piper Sandler upped their target price on Blackstone from $122.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. BMO Capital Markets lifted their price target on Blackstone from $126.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. JPMorgan Chase & Co. reduced their price objective on Blackstone from $136.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, July 16th. Finally, Jefferies Financial Group raised their target price on shares of Blackstone from $143.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Blackstone has a consensus rating of “Moderate Buy” and a consensus price target of $147.76.

Blackstone Stock Performance

Shares of BX stock opened at $129.72 on Friday. The stock’s 50-day moving average price is $120.33 and its 200 day moving average price is $124.84. The company has a quick ratio of 0.76, a current ratio of 0.72 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $96.36 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 1.41 and a beta of 1.58. Blackstone Inc. has a 52-week low of $101.73 and a 52-week high of $190.09.

Blackstone (NYSE:BX) last posted its quarterly earnings data on Thursday, July 23rd. The asset manager reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.18. The company had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $3.42 billion. Blackstone had a return on equity of 23.77% and a net margin of 21.84%.The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. As a group, equities research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

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

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.