Moran Wealth Management LLC lessened its stake in shares of Blackstone Inc. (NYSE:BX – Free Report) by 20.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 145,619 shares of the asset manager’s stock after selling 37,854 shares during the period. Blackstone accounts for approximately 0.8% of Moran Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position. Moran Wealth Management LLC’s holdings in Blackstone were worth $24,879,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in BX. Strategic Blueprint LLC increased its position in shares of Blackstone by 10.2% during the third quarter. Strategic Blueprint LLC now owns 7,558 shares of the asset manager’s stock worth $1,291,000 after purchasing an additional 699 shares in the last quarter. Childress Capital Advisors LLC boosted its stake in Blackstone by 12.6% during the 3rd quarter. Childress Capital Advisors LLC now owns 1,669 shares of the asset manager’s stock worth $285,000 after purchasing an additional 187 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Blackstone by 10.1% in the third quarter. Park Avenue Securities LLC now owns 39,488 shares of the asset manager’s stock valued at $6,746,000 after buying an additional 3,611 shares during the last quarter. Integral Investment Advisors Inc. boosted its position in Blackstone by 4.2% during the third quarter. Integral Investment Advisors Inc. now owns 3,122 shares of the asset manager’s stock worth $533,000 after acquiring an additional 125 shares during the last quarter. Finally, ANB Bank grew its stake in Blackstone by 8.9% during the 3rd quarter. ANB Bank now owns 9,832 shares of the asset manager’s stock valued at $1,680,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. Evercore ISI dropped their price target on Blackstone from $197.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Blackstone from $164.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Jefferies Financial Group dropped their price objective on shares of Blackstone from $199.00 to $187.00 in a report on Monday, November 10th. Keefe, Bruyette & Woods cut their target price on Blackstone from $180.00 to $171.00 and set a “market perform” rating for the company in a research note on Monday, October 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $195.00 price target on shares of Blackstone in a research note on Friday, October 24th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.95.
Insiders Place Their Bets
In other news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00. Following the sale, the insider owned 2,161 shares of the company’s stock, valued at approximately $21,610. This trade represents a 99.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ruth Porat purchased 324 shares of the company’s stock in a transaction on Monday, November 10th. The stock was bought at an average price of $146.92 per share, for a total transaction of $47,602.08. Following the completion of the purchase, the director directly owned 39,077 shares of the company’s stock, valued at $5,741,192.84. The trade was a 0.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 797,148 shares of company stock worth $24,050,153. Insiders own 1.00% of the company’s stock.
Key Blackstone News
Here are the key news stories impacting Blackstone this week:
- Positive Sentiment: Blackstone Energy Transition Partners announced the acquisition of Alliance Technical Group, strengthening BX’s energy‑transition platform and providing a near‑term revenue and deal pipeline boost. Blackstone Energy Transition Partners Announces Acquisition of Alliance Technical Group
- Positive Sentiment: Investor commentary in some outlets frames Blackstone as a buying opportunity despite near‑term headwinds, arguing the firm’s fee‑earning franchise and asset base justify a longer‑term allocation. Blackstone: A Buying Opportunity Amidst Challenges
- Neutral Sentiment: Valuation pieces note BX’s multiple and growth prospects are attracting attention; analysts are split between cautious upside and fair‑value views, leading to mixed trading reactions. A Look At Blackstone (BX) Valuation As Recent Share Price Momentum Draws Investor Attention
- Neutral Sentiment: Independent analysis suggests BX is not deeply undervalued but that disciplined upside exists if fee revenue and fundraising continue to improve; this is a cautious, research‑driven view rather than immediate catalyst. Blackstone: Not A Bargain, But Disciplined Upside Exists
- Neutral Sentiment: Some coverage noted an intraday pop tied to the energy transition narrative even as regulatory headlines circulated, highlighting how conflicting news flows are driving volatility. Blackstone (BX) Is Up 5.1% After Trump Targets Institutional Homebuyers And Expands Into Energy Transition
- Negative Sentiment: Reports that former President Trump plans steps to ban or restrict institutional purchases of single‑family homes created direct regulatory risk for Blackstone’s single‑family rental exposure; that headline triggered selling pressure and is the primary bearish driver behind today’s weaker share action. Blackstone stock sinks after Trump plans steps to ban institutional investors from buying single-family homes
Blackstone Price Performance
BX stock opened at $153.64 on Thursday. Blackstone Inc. has a 1 year low of $115.66 and a 1 year high of $190.09. The firm has a market capitalization of $113.45 billion, a P/E ratio of 43.90, a P/E/G ratio of 1.14 and a beta of 1.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. The business’s 50-day moving average is $149.18 and its two-hundred day moving average is $160.76.
Blackstone (NYSE:BX – Get Free Report) last released its earnings results on Friday, November 22nd. The asset manager reported $0.97 earnings per share for the quarter. Blackstone had a net margin of 20.56% and a return on equity of 22.30%. The firm had revenue of $2.49 billion for the quarter. Analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.
Blackstone Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were given a dividend of $1.29 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $5.16 annualized dividend and a dividend yield of 3.4%. This is an increase from Blackstone’s previous quarterly dividend of $1.03. Blackstone’s payout ratio is currently 147.43%.
Blackstone Company 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.
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