California State Teachers Retirement System Has $123.82 Million Stock Holdings in Blackstone Inc. $BX

California State Teachers Retirement System reduced its stake in shares of Blackstone Inc. (NYSE:BX) by 2.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,076,793 shares of the asset manager’s stock after selling 24,730 shares during the period. California State Teachers Retirement System’s holdings in Blackstone were worth $123,820,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Resources Management Corp CT ADV increased its holdings in Blackstone by 10.1% during the 1st quarter. Resources Management Corp CT ADV now owns 39,411 shares of the asset manager’s stock worth $4,532,000 after purchasing an additional 3,629 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Blackstone by 60.6% during the first quarter. Empowered Funds LLC now owns 242,487 shares of the asset manager’s stock worth $27,884,000 after buying an additional 91,504 shares during the period. Evercore Wealth Management LLC raised its position in Blackstone by 2.2% in the 1st quarter. Evercore Wealth Management LLC now owns 1,345,665 shares of the asset manager’s stock valued at $154,738,000 after buying an additional 28,573 shares during the last quarter. Infrastructure Capital Advisors LLC lifted its stake in Blackstone by 23.6% in the 1st quarter. Infrastructure Capital Advisors LLC now owns 10,488 shares of the asset manager’s stock valued at $1,206,000 after acquiring an additional 2,002 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Blackstone by 7.7% during the 1st quarter. Quantinno Capital Management LP now owns 242,340 shares of the asset manager’s stock worth $27,867,000 after acquiring an additional 17,350 shares in the last quarter. Institutional investors own 70.00% of the company’s stock.

Insider Buying and Selling at Blackstone

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total value of $28,264,950.00. Following the transaction, the insider owned 19,374 shares in the company, valued at approximately $73,233.72. This represents a 99.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ruth Porat acquired 355 shares of the business’s stock in a transaction on Monday, May 11th. The shares were bought at an average price of $123.04 per share, with a total value of $43,679.20. Following the completion of the transaction, the director directly owned 41,818 shares of the company’s stock, valued at approximately $5,145,286.72. The trade was a 0.86% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 10,825,959 shares of company stock worth $224,789,900 in the last ninety days. Insiders own 1.00% of the company’s stock.

Blackstone Price Performance

NYSE:BX opened at $129.40 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.72 and a debt-to-equity ratio of 0.63. Blackstone Inc. has a 12-month low of $101.73 and a 12-month high of $190.09. The stock’s 50 day moving average price is $121.28 and its two-hundred day moving average price is $124.05. The firm has a market capitalization of $96.13 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 1.49 and a beta of 1.58.

Blackstone (NYSE:BX) last posted its quarterly earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share for the quarter, beating 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 business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. On average, analysts anticipate that Blackstone Inc. will post 5.99 earnings per share for the current year.

Blackstone Increases Dividend

The business also recently announced 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 is Monday, August 3rd. This represents a $5.16 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BX shares. The Goldman Sachs Group boosted their price objective on shares of Blackstone from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Oppenheimer lifted their price target on shares of Blackstone from $139.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. HSBC restated a “hold” rating and set a $135.00 price objective on shares of Blackstone in a research note on Monday, July 20th. Weiss Ratings raised Blackstone from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 24th. Finally, Piper Sandler increased their price target on Blackstone from $122.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Blackstone has a consensus rating of “Moderate Buy” and a consensus price target of $147.76.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: A major shareholder, Private Multi-Asset Blackstone, purchased 573,614 shares for approximately $15 million, increasing its position by 7.28%. The purchase follows another $20 million acquisition in June and may signal insider confidence. Blackstone Major Shareholder Acquires Shares
• Positive Sentiment: Blackstone is leading a consortium in a 20.5-year lease-and-leaseback agreement covering Kuwait’s domestic and export pipeline network. As Kuwait’s largest-ever foreign direct investment, the deal demonstrates Blackstone’s ability to deploy capital into large-scale infrastructure assets. Blackstone Leads Kuwait Pipeline Deal
• Positive Sentiment: The firm’s involvement in Jersey Mike’s planned IPO highlights its ability to improve portfolio companies and monetize investments. The sandwich chain is reportedly targeting an $8 billion valuation after Blackstone reduced expenses. Blackstone and Jersey Mike’s IPO
• Positive Sentiment: Blackstone recently reported quarterly EPS of $1.52 versus the $1.34 consensus estimate, while revenue rose 35.9% year over year to $5.04 billion. The quarterly dividend was also increased to $1.29 per share from $1.16, supporting the income appeal.
• Neutral Sentiment: Analyst sentiment remains moderately bullish, with a consensus “Moderate Buy” rating and an average target of $147.76. However, recent target changes were mixed, including RBC’s increase to $169 and lower targets from JPMorgan and Citizens JMP.
• Negative Sentiment: A valuation-focused analysis argues that BX may be fully priced after a 37.4% three-year gain. Premium earnings multiples and intrinsic-value estimates leave less margin of safety, even as AI-related investments and new products could support long-term growth. Blackstone Stock May Be Fully Priced

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.