Cresset Asset Management LLC Sells 9,368 Shares of Blackstone Inc. $BX

Cresset Asset Management LLC trimmed its position in shares of Blackstone Inc. (NYSE:BX) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,087 shares of the asset manager’s stock after selling 9,368 shares during the period. Cresset Asset Management LLC’s holdings in Blackstone were worth $26,838,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. GHP Investment Advisors Inc. grew its position in shares of Blackstone by 3.5% during the second quarter. GHP Investment Advisors Inc. now owns 1,784 shares of the asset manager’s stock worth $267,000 after purchasing an additional 61 shares in the last quarter. Redwood Financial Network Corp grew its holdings in Blackstone by 1.8% during the 2nd quarter. Redwood Financial Network Corp now owns 3,588 shares of the asset manager’s stock valued at $537,000 after buying an additional 65 shares in the last quarter. Obermeyer Wealth Partners lifted its holdings in shares of Blackstone by 2.3% in the third quarter. Obermeyer Wealth Partners now owns 2,993 shares of the asset manager’s stock worth $511,000 after buying an additional 66 shares in the last quarter. Klingman & Associates LLC grew its stake in Blackstone by 0.4% during the third quarter. Klingman & Associates LLC now owns 15,116 shares of the asset manager’s stock valued at $2,583,000 after acquiring an additional 67 shares in the last quarter. Finally, Lazari Capital Management Inc. lifted its stake in Blackstone by 4.5% in the 3rd quarter. Lazari Capital Management Inc. now owns 1,578 shares of the asset manager’s stock worth $270,000 after purchasing an additional 68 shares in the last quarter. 70.00% of the stock is owned by institutional investors.

Blackstone Price Performance

BX stock opened at $110.77 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 12 month low of $105.09 and a 12 month high of $190.09. The stock has a market cap of $82.21 billion, a PE ratio of 28.55, a P/E/G ratio of 0.99 and a beta of 1.79. The company has a 50-day moving average price of $142.24 and a 200 day moving average price of $153.60.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, January 29th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.21. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the business earned $1.69 earnings per share. The company’s revenue for the quarter was up 41.4% compared to the same quarter last year. Equities research analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were paid a dividend of $1.49 per share. This is an increase from Blackstone’s previous quarterly dividend of $1.29. This represents a $5.96 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, February 9th. Blackstone’s payout ratio is presently 153.61%.

Analyst Ratings Changes

A number of equities research analysts recently commented on BX shares. Rothschild & Co Redburn decreased their target price on Blackstone from $165.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft increased their target price on Blackstone from $164.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Bank of America decreased their price target on shares of Blackstone from $199.00 to $189.00 in a research note on Wednesday, December 10th. Piper Sandler reduced their target price on shares of Blackstone from $168.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Finally, Argus lowered their price target on shares of Blackstone from $195.00 to $163.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Blackstone has an average rating of “Moderate Buy” and a consensus target price of $165.86.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Potential deal activity: Blackstone is reported to be among suitors exploring a bid for UK aerospace supplier Senior Plc — deal activity could support fee revenues and deployment of dry powder. Blackstone among suitors eyeing bid for UK’s aerospace supplier Senior, Bloomberg News reports
• Positive Sentiment: Contrarian analyst view: A Seeking Alpha piece upgraded Blackstone to “Strong Buy,” arguing recent price weakness is sentiment‑driven and fundamentals (AUM, fee growth, dry powder) remain strong. Blackstone: Don’t Let Sentiment Obscure The Fundamentals (Rating Upgrade)
• Positive Sentiment: Insider activity context: coverage notes insiders (and activist figures elsewhere) buying selectively amid volatility — can be read as a vote of confidence by some investors. Carl Icahn and Other Insiders Are Doubling Down Amid Market Volatilities
• Neutral Sentiment: Management defense: President Jon Gray publicly defended the credit quality of loans in the flagship private‑credit fund, calling some of the market reaction “noise” — this may calm some investors but hasn’t stopped outflows. Blackstone’s Gray: Market ‘noise’ fueled record redemptions from world’s largest private credit fund
• Neutral Sentiment: Liquidity actions: Reports indicate Blackstone has been paying out investors and managing redemptions (higher payouts/requests) — operationally relevant but not an immediate credit impairment signal. Blackstone hikes investor payouts from $82B private credit fund
• Negative Sentiment: Record outflows from flagship private‑credit fund (BCRED): Multiple reports say redemptions surged — gross withdrawal reports around $3.8bn with net outflows ~ $1.7bn for the quarter — raising concerns about private‑credit liquidity and fee/earnings pressure. Blackstone Played Down Private-Credit Risks. Now It’s Been Hit.
• Negative Sentiment: Analyst pressure: JPMorgan cut its BX target to $122 (neutral rating) and Barclays trimmed its target to $126 (equal‑weight), following the redemption headlines — analyst downgrades increase selling pressure. JPMorgan adjusts price target on Blackstone to 122 from 158, maintains neutral rating
• Negative Sentiment: Large shareholder sell‑down: Filing shows Tactical Opportunity Blackstone sold ~1.6M shares (SEC filing), a visible liquidity event that can be interpreted negatively by the market. SEC ownership filing

Insider Activity

In related news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. Following the transaction, the insider owned 2,161 shares of the company’s stock, valued at $21,610. This trade represents a 99.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Holdings Iv Gp Mana Blackstone bought 1,146,789 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was bought at an average price of $26.16 per share, for a total transaction of $30,000,000.24. Following the completion of the purchase, the insider directly owned 16,716,249 shares in the company, valued at approximately $437,297,073.84. This represents a 7.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.00% of the company’s stock.

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.