Cardiff Park Advisors LLC Acquires New Shares in Blackstone Inc. $BX

Cardiff Park Advisors LLC acquired a new position in shares of Blackstone Inc. (NYSE:BX) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,858 shares of the asset manager’s stock, valued at approximately $444,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Gateway Wealth Partners LLC boosted its stake in Blackstone by 158.0% during the 1st quarter. Gateway Wealth Partners LLC now owns 3,676 shares of the asset manager’s stock valued at $423,000 after purchasing an additional 2,251 shares during the period. Everest Financial Group LLC increased its stake in shares of Blackstone by 49.5% in the first quarter. Everest Financial Group LLC now owns 4,023 shares of the asset manager’s stock valued at $463,000 after purchasing an additional 1,332 shares during the period. OMERS ADMINISTRATION Corp boosted its position in shares of Blackstone by 27.1% during the first quarter. OMERS ADMINISTRATION Corp now owns 37,419 shares of the asset manager’s stock worth $4,303,000 after buying an additional 7,975 shares during the period. Callodine Capital Management LP bought a new position in Blackstone in the 1st quarter worth approximately $51,857,000. Finally, FreeGulliver LLC raised its stake in Blackstone by 34.7% during the 1st quarter. FreeGulliver LLC now owns 1,785 shares of the asset manager’s stock valued at $205,000 after acquiring an additional 460 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Activity at Blackstone

In related news, major shareholder Treasury Holdings I. Blackstone acquired 9,486,795 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $20.00 per share, for a total transaction of $189,735,900.00. Following the acquisition, the insider owned 9,111,800 shares in the company, valued at approximately $182,236,000. This represents a -2,529.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ruth Porat bought 355 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was purchased at an average price of $123.04 per share, with a total value of $43,679.20. Following the completion of the acquisition, the director owned 41,818 shares of the company’s stock, valued at approximately $5,145,286.72. This trade represents a 0.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 10,252,345 shares of company stock valued at $209,789,893 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Blackstone Stock Performance

NYSE:BX opened at $129.72 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.76 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $120.33 and a 200-day moving average of $124.58. Blackstone Inc. has a twelve month low of $101.73 and a twelve month high of $190.09. The firm has a market cap of $96.36 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.41 and a beta of 1.58.

Blackstone (NYSE:BX) last released its earnings results on Thursday, July 23rd. The asset manager reported $1.52 EPS for the quarter, beating the consensus estimate of $1.34 by $0.18. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $3.42 billion. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 earnings per share. Analysts forecast that Blackstone Inc. will post 5.87 earnings per share for the current fiscal 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 paid a dividend of $1.29 per share. 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%. This is a boost from Blackstone’s previous quarterly dividend of $1.16. Blackstone’s dividend payout ratio is 103.80%.

Analyst Ratings Changes

Several research firms have recently issued reports on BX. Weiss Ratings raised Blackstone from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Rothschild & Co Redburn reduced their price objective on shares of Blackstone from $134.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, June 9th. HSBC reissued a “hold” rating and set a $135.00 target price on shares of Blackstone in a research note on Monday, July 20th. Dbs Bank raised shares of Blackstone to a “moderate buy” rating in a research note on Wednesday, May 27th. Finally, Citizens Jmp decreased their price objective on shares of Blackstone from $190.00 to $165.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Blackstone has a consensus rating of “Moderate Buy” and a consensus price target of $147.76.

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

About Blackstone

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.