Entropy Technologies LP Buys 86,557 Shares of Blackstone Inc. $BX

Entropy Technologies LP boosted its stake in Blackstone Inc. (NYSE:BX) by 605.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,845 shares of the asset manager’s stock after purchasing an additional 86,557 shares during the period. Entropy Technologies LP’s holdings in Blackstone were worth $11,596,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Family CFO Inc acquired a new stake in shares of Blackstone during the 4th quarter valued at $28,000. Ares Financial Consulting LLC bought a new position in Blackstone in the fourth quarter valued at about $28,000. Richardson Financial Services Inc. acquired a new stake in shares of Blackstone during the fourth quarter valued at about $29,000. Strive Asset Management LLC acquired a new position in shares of Blackstone in the third quarter valued at approximately $30,000. Finally, Palladiem LLC bought a new position in Blackstone in the 4th quarter valued at approximately $31,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BX has been the subject of several recent research reports. Evercore restated an “outperform” rating and issued a $150.00 price target on shares of Blackstone in a research report on Tuesday, April 21st. HSBC reissued a “hold” rating and issued a $135.00 price objective on shares of Blackstone in a research note on Monday. Citizens Jmp lowered their target price on Blackstone from $190.00 to $165.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. BNP Paribas Exane reduced their price target on Blackstone from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Finally, Weiss Ratings downgraded Blackstone from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Thirteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.76.

Insider Buying and Selling

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

Blackstone News Summary

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

Blackstone Price Performance

BX stock opened at $129.72 on Friday. 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 firm has a market cap of $96.36 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 1.35 and a beta of 1.58. The company’s fifty day simple moving average is $120.33 and its 200 day simple moving average is $124.84. Blackstone Inc. has a 12-month low of $101.73 and a 12-month high of $190.09.

Blackstone (NYSE:BX) last issued its quarterly earnings results 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. Blackstone had a return on equity of 23.77% and a net margin of 21.84%.The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same period last year, the business posted $0.98 EPS. The business’s revenue was up 35.9% compared to the same quarter last year. On average, analysts expect that Blackstone Inc. will post 5.85 earnings per share for the current year.

Blackstone Increases Dividend

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

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.