Blackstone Inc. $BX Position Lowered by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. decreased its stake in shares of Blackstone Inc. (NYSE:BX) by 67.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,550 shares of the asset manager’s stock after selling 17,974 shares during the period. Shikiar Asset Management Inc.’s holdings in Blackstone were worth $1,318,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. REAP Financial Group LLC bought a new position in shares of Blackstone during the third quarter worth about $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Blackstone during the third quarter worth about $30,000. Strive Asset Management LLC bought a new position in shares of Blackstone during the third quarter worth about $30,000. Kelleher Financial Advisors bought a new position in shares of Blackstone during the third quarter worth about $34,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Blackstone in the 2nd quarter valued at about $35,000. Institutional investors own 70.00% of the company’s stock.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. UBS Group decreased their price target on shares of Blackstone from $171.00 to $137.00 and set a “neutral” rating for the company in a report on Friday, February 20th. TD Cowen decreased their price target on shares of Blackstone from $183.00 to $164.00 and set a “buy” rating for the company in a report on Thursday, February 12th. HSBC decreased their price target on shares of Blackstone from $178.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Barclays decreased their price target on shares of Blackstone from $126.00 to $124.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Jefferies Financial Group decreased their price target on shares of Blackstone from $161.00 to $143.00 and set a “buy” rating for the company in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $159.43.

Insider Transactions at Blackstone

In other news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Holdings Iv Gp Mana Blackstone purchased 2,868,069 shares of Blackstone stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of $26.15 per share, with a total value of $75,000,004.35. Following the completion of the purchase, the insider owned 18,628,295 shares in the company, valued at approximately $487,129,914.25. This trade represents a 18.20% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

Blackstone Trading Up 4.3%

Blackstone stock opened at $117.61 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $118.82 and a two-hundred day moving average price of $142.24. The firm has a market capitalization of $87.29 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 0.90 and a beta of 1.74. Blackstone Inc. has a 52-week low of $101.73 and a 52-week high of $190.09.

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

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were paid a dividend of $1.49 per share. This represents a $5.96 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Monday, February 9th. This is a positive change from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s dividend payout ratio (DPR) is presently 153.61%.

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.