E. Ohman J or Asset Management AB bought a new stake in shares of Blackstone Inc. (NYSE:BX – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,273 shares of the asset manager’s stock, valued at approximately $2,817,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jain Global LLC bought a new stake in Blackstone during the third quarter worth $9,116,000. Close Asset Management Ltd raised its holdings in shares of Blackstone by 16,035.1% during the 3rd quarter. Close Asset Management Ltd now owns 1,140,264 shares of the asset manager’s stock worth $194,746,000 after buying an additional 1,133,197 shares in the last quarter. Fayez Sarofim & Co lifted its position in shares of Blackstone by 1.9% during the 3rd quarter. Fayez Sarofim & Co now owns 1,270,608 shares of the asset manager’s stock worth $217,083,000 after buying an additional 24,237 shares during the last quarter. Whittier Trust Co. grew its position in Blackstone by 2.1% in the third quarter. Whittier Trust Co. now owns 346,318 shares of the asset manager’s stock valued at $58,337,000 after acquiring an additional 7,053 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in Blackstone by 20.4% during the third quarter. Natixis Advisors LLC now owns 840,401 shares of the asset manager’s stock worth $143,582,000 after acquiring an additional 142,479 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on BX. JPMorgan Chase & Co. reduced their price target on shares of Blackstone from $158.00 to $122.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Rothschild & Co Redburn dropped their price objective on shares of Blackstone from $165.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Jefferies Financial Group decreased their target price on shares of Blackstone from $185.00 to $161.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Bank of America dropped their price target on Blackstone from $199.00 to $189.00 in a research note on Wednesday, December 10th. Finally, Barclays reduced their price objective on Blackstone from $164.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. Eleven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Blackstone currently has a consensus rating of “Moderate Buy” and an average target price of $164.00.
Blackstone Trading Down 1.4%
Shares of NYSE BX opened at $107.81 on Wednesday. The stock has a market cap of $80.02 billion, a P/E ratio of 27.79, a price-to-earnings-growth ratio of 0.87 and a beta of 1.79. The firm has a 50 day moving average price of $128.27 and a two-hundred day moving average price of $147.35. 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 Inc. has a 52-week low of $101.73 and a 52-week high of $190.09.
Blackstone (NYSE:BX – Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.21. The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. Blackstone’s revenue for the quarter was up 41.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.69 earnings per share. As a group, equities analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.
Blackstone Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were given a dividend of $1.49 per share. This represents a $5.96 dividend on an annualized basis and a dividend yield of 5.5%. This is a positive change from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date was Monday, February 9th. Blackstone’s dividend payout ratio is 153.61%.
More Blackstone News
Here are the key news stories impacting Blackstone this week:
- Positive Sentiment: Major insider buying: Holdings IV GP Mana Blackstone purchased 2,868,069 shares (added ~18.2% to its stake), signaling strong insider conviction in the firm’s long‑term value. This large buy can support sentiment and is a constructive sign for shareholders. Blackstone (NYSE:BX) Major Shareholder Buys 2,868,069 Shares
- Positive Sentiment: Planned $15B Japan real estate push: Blackstone reportedly plans to invest about $15 billion in Japanese property over three years, which would grow its real estate AUM in Asia, increase fee‑earning capacity and diversify geographic exposure. This is a strategic growth move that could boost long‑term fee revenue. Blackstone plans to invest $15B in Japanese property over three years – report
- Neutral Sentiment: Communications hire: Black/newsroom addition — Courtney Reagan joined as Senior Editor of Blackstone Insights to drive content and engagement. This improves investor communications but has limited direct financial impact. Blackstone Names Courtney Reagan Senior Editor of Blackstone Insights
- Negative Sentiment: Private‑credit sector stress: BX pulled lower as private‑credit‑linked stocks slid after reports that Apollo and Ares limited redemptions — market concern over liquidity and investor redemptions in private credit is pressuring valuations across the group. That sector contagion is a strong near‑term headwind for Blackstone’s shares. Blackstone Stock Falls As Apollo, Ares Limit Redemptions
- Negative Sentiment: Private credit mark weakness: Blackstone’s private credit fund reportedly saw its first loss in three years, raising questions about near‑term mark‑to‑market performance, fee generation and potential investor redemptions—all risks for earnings and multiple compression. Blackstone’s private credit fund sees its first loss in three years
- Negative Sentiment: Analyst target cut: BMO trimmed its price target from $165 to $126 (while keeping an outperform rating), which reduces near‑term analyst support and can weigh on sentiment even though the new target remains above current levels. BMO Capital Markets cuts BX target to $126
Insider Buying and Selling
In other news, major shareholder Holdings Iv Gp Mana Blackstone purchased 2,868,069 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were purchased at an average price of $26.15 per share, for a total transaction of $75,000,004.35. Following the transaction, the insider owned 18,628,295 shares of the company’s stock, valued at approximately $487,129,914.25. This trade represents a 18.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is owned by insiders.
Blackstone 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.
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