Ameriprise Financial Inc. Buys 88,538 Shares of Blackstone Inc. $BX

Ameriprise Financial Inc. grew its stake in shares of Blackstone Inc. (NYSE:BX) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,274,182 shares of the asset manager’s stock after buying an additional 88,538 shares during the period. Ameriprise Financial Inc. owned 0.44% of Blackstone worth $559,948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BX. REAP Financial Group LLC bought a new stake in Blackstone during the 3rd quarter valued at approximately $26,000. Traub Capital Management LLC purchased a new stake in Blackstone during the 2nd quarter valued at approximately $27,000. Redmont Wealth Advisors LLC bought a new stake in shares of Blackstone during the third quarter valued at approximately $30,000. Kelleher Financial Advisors bought a new position in shares of Blackstone during the third quarter worth $34,000. Finally, Parvin Asset Management LLC purchased a new position in Blackstone during the second quarter valued at $35,000. Institutional investors own 70.00% of the company’s stock.

Blackstone News Summary

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Sector rebound lifts BX — Blackstone rose as private‑credit stocks broadly recovered, helping shares rebound after recent weakness in the group. Why Blackstone (BX) Stock Is Up Today
• Positive Sentiment: Record AUM supports fee growth — Blackstone’s assets under management hit about $1.27 trillion, boosting fee‑bearing capital and underpinning longer‑term earnings potential despite private‑credit headline risk. Will Blackstone’s Rising AUM Balance Aid Long-Term Earnings Growth?
• Positive Sentiment: Long‑term performance track record — Analysis showing strong 10‑year returns highlights BX’s compounding of fee and carry businesses, supporting investor confidence over multi‑year horizons. $100 Invested In Blackstone 10 Years Ago Would Be Worth This Much Today
• Neutral Sentiment: AI/portfolio strategy talks — Reports that Anthropic has discussed a joint venture to embed AI across PE portfolios could lower software spend and boost margins, but implications and timing are uncertain. Private equity is about to eat its own software portfolio
• Negative Sentiment: Earlier private‑credit scare pushed shares down — A prior drop was linked to investor concern about private‑credit stability after a major bank announcement, feeding volatility in BX and peers. Why Blackstone (BX) Stock Is Trading Lower Today
• Negative Sentiment: Recent 52‑week low highlights downside sensitivity — Coverage noting BX at a 52‑week low underscores how quickly sentiment can swing on private‑credit headlines and macro concerns. Blackstone Stock Falls To 52-Week Low: Here’s Why

Blackstone Stock Performance

NYSE BX opened at $106.62 on Monday. The company has a market cap of $79.13 billion, a P/E ratio of 27.48, a P/E/G ratio of 0.85 and a beta of 1.80. The business’s 50 day moving average price is $134.85 and its 200-day moving average price is $150.29. Blackstone Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $190.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.76 and a current ratio of 0.76.

Blackstone (NYSE:BX) last posted its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 EPS for the quarter, topping the consensus estimate of $1.54 by $0.21. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the firm earned $1.69 earnings per share. Blackstone’s quarterly revenue was up 41.4% compared to the same quarter last year. Sell-side analysts predict that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a dividend of $1.49 per share. This represents a $5.96 annualized dividend and a yield of 5.6%. The ex-dividend date was Monday, February 9th. This is a positive change from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s payout ratio is currently 153.61%.

Insider Activity

In other Blackstone news, major shareholder Holdings Iv Gp Mana Blackstone bought 1,146,789 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was acquired at an average price of $26.16 per share, for a total transaction of $30,000,000.24. Following the completion of the transaction, the insider directly owned 16,716,249 shares of the company’s stock, valued at approximately $437,297,073.84. This represents a 7.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BX shares. Weiss Ratings restated a “hold (c)” rating on shares of Blackstone in a research report on Wednesday, January 21st. UBS Group dropped their price target on Blackstone from $171.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. The Goldman Sachs Group reduced their price objective on Blackstone from $166.00 to $158.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. BMO Capital Markets lowered their target price on Blackstone from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Finally, Rothschild & Co Redburn reduced their price target on shares of Blackstone from $165.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Blackstone presently has an average rating of “Moderate Buy” and a consensus price target of $165.86.

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.