Allspring Global Investments Holdings LLC Has $34.43 Million Stock Holdings in Blackstone Inc. $BX

Allspring Global Investments Holdings LLC lifted its position in Blackstone Inc. (NYSE:BX) by 20.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 301,172 shares of the asset manager’s stock after buying an additional 52,163 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Blackstone were worth $34,433,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Blackstone by 34.6% during 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 last quarter. Sivia Capital Partners LLC lifted its position in Blackstone by 9.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,076 shares of the asset manager’s stock worth $310,000 after buying an additional 177 shares in the last quarter. United Bank raised its stake in shares of Blackstone by 14.7% in the second quarter. United Bank now owns 13,528 shares of the asset manager’s stock worth $2,024,000 after acquiring an additional 1,729 shares during the last quarter. Nebula Research & Development LLC bought a new stake in shares of Blackstone during the second quarter valued at approximately $1,124,000. Finally, Sei Investments Co. increased its holdings in shares of Blackstone by 1.9% in the second quarter. Sei Investments Co. now owns 452,619 shares of the asset manager’s stock valued at $67,703,000 after purchasing an additional 8,655 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is expanding its alternatives platform in Asia-Pacific by launching a new India infrastructure platform and hiring Ami Momaya from KKR to lead the effort, a move that could support long-term growth in the region. Blackstone creates new APAC infrastructure platform, hires Momaya from KKR
• Positive Sentiment: Blackstone is also tied to the launch of Ode, an AI services company developed with Anthropic and other investors, which reinforces the firm’s exposure to AI and infrastructure investing themes. Is Blackstone (BX) Quietly Rewriting Its AI and Infrastructure Playbook With Ode and India?
• Positive Sentiment: Several commentary pieces say Blackstone remains positioned to beat upcoming earnings estimates, with Wall Street expecting earnings growth and the company cited for strong earnings and price momentum. Why Blackstone Inc. (BX) is Poised to Beat Earnings Estimates Again
• Neutral Sentiment: JPMorgan lowered its price target on Blackstone to $132 from $136 but kept a neutral rating, signaling a more cautious near-term outlook rather than a bearish call. Blackstone price target lowered by JPMorgan
• Neutral Sentiment: Oppenheimer also cut its price target to $139 from $156, though it maintained an outperform rating, suggesting analysts still see upside from current levels despite trimming expectations. Blackstone price target lowered by Oppenheimer
• Negative Sentiment: The recent target cuts from major brokers may be weighing on sentiment today, even though both firms still see upside and have not turned outright bearish on Blackstone.

Insiders Place Their Bets

In other news, major shareholder Treasury Holdings I. Blackstone bought 9,486,795 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $20.00 per share, for a total transaction of $189,735,900.00. Following the completion of 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of Blackstone stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the completion of the transaction, the insider directly owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. This trade represents a 99.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders purchased 10,252,345 shares of company stock valued at $209,789,893 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BX has been the topic of a number of recent research reports. Weiss Ratings lowered Blackstone from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. BNP Paribas Exane decreased their price target on Blackstone from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Blackstone in a research report on Monday, June 8th. They issued a “buy” rating for the company. Oppenheimer reduced their target price on shares of Blackstone from $156.00 to $139.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Zacks Research raised shares of Blackstone from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Thirteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $145.52.

Blackstone Stock Up 0.0%

Shares of Blackstone stock opened at $126.96 on Monday. Blackstone Inc. has a 52-week low of $101.73 and a 52-week high of $190.09. The business’s 50 day simple moving average is $119.92 and its 200 day simple moving average is $125.70. The firm has a market cap of $94.32 billion, a PE ratio of 32.47, a P/E/G ratio of 1.37 and a beta of 1.58. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.76 and a current ratio of 0.76.

Blackstone (NYSE:BX) last issued its quarterly earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.02. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period in the previous year, the business earned $1.11 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Blackstone Inc. will post 5.89 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were paid a dividend of $1.16 per share. The ex-dividend date was Monday, May 4th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.7%. Blackstone’s dividend payout ratio is currently 118.67%.

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.