Rep. Julie Johnson Sells Off Shares of Blackstone Inc. (NYSE:BX)

Representative Julie Johnson (D-Texas) recently sold shares of Blackstone Inc. (NYSE:BX). In a filing disclosed on January 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Blackstone stock on December 18th. The trade occurred in the Representative’s “CHASE BROKERAGE ACCOUNT (3935)” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Texas Instruments (NASDAQ:TXN) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of General Dynamics (NYSE:GD) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Dover (NYSE:DOV) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Philip Morris International (NYSE:PM) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Bank of America (NYSE:BAC) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Walmart (NASDAQ:WMT) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Republic Services (NYSE:RSG) on 12/18/2025.

Blackstone Stock Up 1.8%

Shares of BX opened at $163.67 on Monday. The company’s 50-day moving average price is $151.03 and its 200 day moving average price is $161.37. Blackstone Inc. has a 12-month low of $115.66 and a 12-month high of $190.09. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market cap of $120.86 billion, a P/E ratio of 46.76, a price-to-earnings-growth ratio of 1.15 and a beta of 1.75.

Blackstone (NYSE:BX) last announced its quarterly earnings results on Thursday, October 23rd. The asset manager reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. Blackstone had a net margin of 20.56% and a return on equity of 22.30%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the business earned $1.02 earnings per share. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, sell-side analysts forecast that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were given a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from Blackstone’s previous quarterly dividend of $1.03. Blackstone’s dividend payout ratio is 147.43%.

Insider Buying and Selling at Blackstone

In related news, Director James Breyer purchased 13,900 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were purchased at an average price of $143.86 per share, with a total value of $1,999,654.00. Following the completion of the acquisition, the director directly owned 68,906 shares in the company, valued at $9,912,817.16. This represents a 25.27% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ruth Porat acquired 324 shares of Blackstone stock in a transaction on Monday, November 10th. The shares were 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 797,148 shares of company stock worth $24,050,153 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Blackstone

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted 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 valued at $1,365,000 after acquiring an additional 2,035 shares during the last quarter. Fiduciary Alliance LLC purchased a new stake in shares of Blackstone in the 2nd quarter valued at about $234,000. Fragasso Financial Advisors Inc boosted its position in shares of Blackstone by 27.3% in the 2nd quarter. Fragasso Financial Advisors Inc now owns 4,955 shares of the asset manager’s stock valued at $741,000 after purchasing an additional 1,063 shares during the period. Breakwater Capital Group increased its position in Blackstone by 5.0% during the second quarter. Breakwater Capital Group now owns 1,613 shares of the asset manager’s stock worth $241,000 after buying an additional 77 shares during the period. Finally, StrongBox Wealth LLC boosted its holdings in shares of Blackstone by 7.0% in the second 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 period. Institutional investors and hedge funds own 70.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on BX shares. BMO Capital Markets cut their target price on Blackstone from $190.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, October 27th. Bank of America reduced their price objective on Blackstone from $199.00 to $189.00 in a research note on Wednesday, December 10th. UBS Group cut their price target on Blackstone from $175.00 to $172.00 and set a “neutral” rating on the stock in a report on Tuesday, January 13th. HSBC decreased their price objective on Blackstone from $179.00 to $178.00 in a research note on Monday, October 27th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Blackstone from $177.00 to $176.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Ten analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $177.25.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.