Rep. Dan Newhouse Purchases Shares of Blackstone Inc. (NYSE:BX)

Representative Dan Newhouse (R-Washington) recently bought shares of Blackstone Inc. (NYSE:BX). In a filing disclosed on January 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Blackstone stock on December 11th. The trade occurred in the Representative’s “EDWARD JONES BROKERAGE” account.

Representative Dan Newhouse also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Royal Caribbean Cruises (NYSE:RCL) on 12/31/2025.
• Purchased $1,001 – $15,000 in shares of Broadridge Financial Solutions (NYSE:BR) on 12/31/2025.
• Purchased $1,001 – $15,000 in shares of Synopsys (NASDAQ:SNPS) on 12/31/2025.
• Sold $1,001 – $15,000 in shares of Brown & Brown (NYSE:BRO) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 12/11/2025.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of T-Mobile US (NASDAQ:TMUS) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of Textron (NYSE:TXT) on 12/11/2025.
• Sold $1,001 – $15,000 in shares of Magna International (NYSE:MGA) on 12/11/2025.
• Sold $1,001 – $15,000 in shares of Truist Financial (NYSE:TFC) on 12/11/2025.

Blackstone Stock Up 1.8%

Shares of BX opened at $163.67 on Monday. Blackstone Inc. has a 12 month low of $115.66 and a 12 month high of $190.09. The stock has a market cap of $120.86 billion, a price-to-earnings ratio of 46.76, a P/E/G ratio of 1.15 and a beta of 1.75. The company has a 50-day moving average price of $151.03 and a two-hundred day moving average price of $161.37. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60.

Blackstone (NYSE:BX) last posted its earnings results on Thursday, October 23rd. The asset manager reported $1.52 EPS for the quarter, topping the consensus estimate of $1.23 by $0.29. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.14 billion. Blackstone had a return on equity of 22.30% and a net margin of 20.56%.Blackstone’s revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the company earned $1.02 EPS. Equities analysts predict that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were given a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 3.2%. This is a boost from Blackstone’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, November 3rd. Blackstone’s dividend payout ratio (DPR) is currently 147.43%.

Hedge Funds Weigh In On Blackstone

Large investors have recently made changes to their positions in the company. Brighton Jones LLC increased its position in Blackstone by 34.6% in the fourth quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager’s stock worth $1,365,000 after purchasing an additional 2,035 shares during the period. Fiduciary Alliance LLC acquired a new stake in shares of Blackstone during the 2nd quarter worth approximately $234,000. Fragasso Financial Advisors Inc lifted its holdings in Blackstone by 27.3% in the second quarter. Fragasso Financial Advisors Inc now owns 4,955 shares of the asset manager’s stock valued at $741,000 after buying an additional 1,063 shares during the period. Breakwater Capital Group grew its holdings in Blackstone by 5.0% during the 2nd quarter. Breakwater Capital Group now owns 1,613 shares of the asset manager’s stock worth $241,000 after acquiring an additional 77 shares during the period. Finally, StrongBox Wealth LLC raised its position in shares of Blackstone by 7.0% during the 2nd quarter. StrongBox Wealth LLC now owns 21,447 shares of the asset manager’s stock valued at $3,208,000 after acquiring an additional 1,410 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Buying and Selling

In other Blackstone news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00. Following the transaction, the insider owned 2,161 shares in the company, valued at approximately $21,610. This trade represents a 99.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ruth Porat purchased 324 shares of the stock in a transaction dated Monday, November 10th. The stock was bought at an average cost of $146.92 per share, with a total value of $47,602.08. Following the completion of the purchase, the director owned 39,077 shares in the company, valued at $5,741,192.84. The trade was a 0.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 797,148 shares of company stock worth $24,050,153. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

BX has been the topic of several analyst reports. TD Cowen lowered their target price on shares of Blackstone from $205.00 to $183.00 and set a “buy” rating on the stock in a report on Wednesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and set a $195.00 price objective on shares of Blackstone in a report on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Blackstone in a research report on Wednesday, October 8th. Citigroup cut their price objective on Blackstone from $185.00 to $170.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Finally, BNP Paribas Exane lowered their target price on Blackstone from $167.00 to $156.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. Ten analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $177.25.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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.