B&D White Capital Company LLC Acquires New Shares in Blackstone Inc. $BX

B&D White Capital Company LLC bought a new position in Blackstone Inc. (NYSE:BX) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,100 shares of the asset manager’s stock, valued at approximately $701,000.

A number of other hedge funds have also bought and sold shares of BX. Family CFO Inc purchased a new position in shares of Blackstone during the fourth quarter valued at approximately $28,000. Ares Financial Consulting LLC purchased a new position in shares of Blackstone in the 4th quarter worth $28,000. Richardson Financial Services Inc. purchased a new position in Blackstone in the fourth quarter worth about $29,000. Strive Asset Management LLC purchased a new stake in shares of Blackstone during the 3rd quarter valued at about $30,000. Finally, Palladiem LLC purchased a new position in shares of Blackstone in the fourth quarter worth approximately $31,000. Hedge funds and other 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: Blackstone, Wellington Management, and Vanguard launched two new investment solutions that simplify access to public and private markets, potentially broadening distribution and supporting future fee growth. Article Title
• Positive Sentiment: Blackstone also expanded its strategic push into India infrastructure and AI services, highlighting new growth avenues beyond its core asset-management business. Article Title
• Neutral Sentiment: Investors are waiting for Blackstone’s earnings release, which is expected to provide fresh guidance on fundraising, realizations, and performance across private equity, credit, and real estate. Article Title
• Neutral Sentiment: Keefe, Bruyette & Woods upgraded Blackstone to hold, suggesting a more balanced near-term view rather than a strongly bullish catalyst. Article Title
• Negative Sentiment: Some coverage suggests Blackstone’s private-market products are launching after an exodus from similar private credit funds earlier this year, which may keep investor sentiment cautious around new offerings. Article Title

Blackstone Stock Down 1.0%

NYSE BX opened at $122.85 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.66. Blackstone Inc. has a 12 month low of $101.73 and a 12 month high of $190.09. The stock’s 50 day moving average is $120.06 and its 200 day moving average is $125.05. The stock has a market cap of $91.26 billion, a PE ratio of 31.42, a P/E/G ratio of 1.35 and a beta of 1.58.

Blackstone (NYSE:BX) last issued its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.45 billion. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. Blackstone’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. Research analysts predict that Blackstone Inc. will post 5.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Blackstone from $173.00 to $161.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Barclays decreased their target price on Blackstone from $124.00 to $119.00 and set an “equal weight” rating on the stock in a report on Thursday, July 9th. Dbs Bank upgraded Blackstone to a “moderate buy” rating in a research report on Wednesday, May 27th. Morgan Stanley lowered their price objective on Blackstone from $215.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Blackstone in a report on Monday, June 8th. They issued a “buy” rating for the company. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.71.

Insider Transactions at Blackstone

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the sale, the insider directly owned 19,374 shares of the company’s stock, valued at $73,233.72. This represents a 99.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Private Multi-Asset Blackstone bought 765,111 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average cost of $26.14 per share, with a total value of $20,000,001.54. Following the completion of the acquisition, the insider owned 7,882,145 shares of the company’s stock, valued at $206,039,270.30. This represents a 10.75% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 10,252,345 shares of company stock valued at $209,789,893. 1.00% of the stock is owned by insiders.

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.