Consolidated Capital Management LLC Invests $4.66 Million in Blackstone Inc. $BX

Consolidated Capital Management LLC purchased a new position in shares of Blackstone Inc. (NYSE:BX) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 30,260 shares of the asset manager’s stock, valued at approximately $4,664,000. Blackstone comprises approximately 1.4% of Consolidated Capital Management LLC’s holdings, making the stock its 27th largest position.

Several other institutional investors have also modified their holdings of the company. Redwood Financial Network Corp boosted its stake in shares of Blackstone by 1.8% during the 2nd quarter. Redwood Financial Network Corp now owns 3,588 shares of the asset manager’s stock worth $537,000 after acquiring an additional 65 shares in the last quarter. Benchmark Financial Wealth Advisors LLC boosted its stake in shares of Blackstone by 0.9% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 7,748 shares of the asset manager’s stock worth $1,194,000 after acquiring an additional 69 shares in the last quarter. MidWestOne Financial Group Inc. lifted its stake in Blackstone by 0.8% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,335 shares of the asset manager’s stock valued at $1,424,000 after buying an additional 70 shares in the last quarter. Parcion Private Wealth LLC lifted its stake in Blackstone by 0.6% in the 4th quarter. Parcion Private Wealth LLC now owns 10,935 shares of the asset manager’s stock valued at $1,686,000 after buying an additional 70 shares in the last quarter. Finally, Trivium Point Advisory LLC lifted its stake in 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 in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is expanding its AI infrastructure exposure through a new $5 billion joint venture with Google to build U.S.-based data center capacity and provide TPU compute services, giving investors a new growth angle tied to AI demand. Blackstone (BX) to Invest $5B in TPU Cloud Joint Venture with Google
• Positive Sentiment: Blackstone was also mentioned in reports that it and Apollo are arranging about $36 billion in financing tied to Anthropic’s AI chip expansion, reinforcing the firm’s role in large-scale AI-related capital deployment. Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports
• Positive Sentiment: DBS Bank upgraded Blackstone to “moderate buy,” which can bolster investor sentiment around the stock. Blackstone was upgraded by Dbs Bank to moderate buy
• Neutral Sentiment: Blackstone announced that President and COO Jon Gray will present at Morgan Stanley’s U.S. Financials Conference on June 9, which is mainly a visibility event rather than a direct business catalyst. Blackstone to Present at Morgan Stanley’s US Financials Conference
• Negative Sentiment: Reports that Blackstone plans to sell a Seattle office building at roughly a 54% loss highlight ongoing stress in office real estate, a potential headwind for investor sentiment toward parts of Blackstone’s portfolio. Blackstone to sell Seattle office building for ~54% below purchase price – report
• Negative Sentiment: Another article said Blackstone is facing valuation questions in the broader market, which can add to uncertainty around the stock’s pricing. Blackstone Swings Put S&P 500 Valuation In Focus

Insider Transactions at Blackstone

In other Blackstone news, insider Vikrant Sawhney sold 30,014 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $125.79, for a total transaction of $3,775,461.06. Following the sale, the insider owned 899,669 shares in the company, valued at $113,169,363.51. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Holdings I. L.P. Blackstone sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $19.00, for a total value of $475,000.00. Following the sale, the insider owned 125,000 shares in the company, valued at $2,375,000. The trade was a 16.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have bought 12,355,303 shares of company stock valued at $264,789,896 and have sold 7,532,518 shares valued at $30,496,500. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BX. JPMorgan Chase & Co. reduced their target price on Blackstone from $142.00 to $136.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Citizens Jmp reduced their target price on Blackstone from $195.00 to $190.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Piper Sandler upped their target price on Blackstone from $122.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Evercore reiterated an “outperform” rating and issued a $150.00 price target on shares of Blackstone in a report on Tuesday, April 21st. Finally, Weiss Ratings downgraded Blackstone from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $151.05.

Blackstone Trading Up 0.8%

BX stock opened at $117.05 on Friday. The company has a market cap of $86.95 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 1.27 and a beta of 1.63. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $118.68 and a 200-day simple moving average of $132.69. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $190.09.

Blackstone (NYSE:BX) last announced its quarterly earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.02. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the firm earned $1.11 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts expect that Blackstone Inc. will post 5.9 EPS for the current year.

Blackstone Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a $1.16 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.64 dividend on an annualized basis and a yield of 4.0%. Blackstone’s dividend payout ratio is currently 118.67%.

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.