Blackstone Inc. $BX Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT reduced its position in Blackstone Inc. (NYSE:BX) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,894 shares of the asset manager’s stock after selling 4,630 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Blackstone were worth $6,082,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BX. Lombard Odier Asset Management USA Corp acquired a new position in Blackstone during the first quarter worth about $329,000. Matrix Private Capital Group LLC acquired a new position in Blackstone during the first quarter worth $1,340,000. Waverly Advisors LLC increased its stake in shares of Blackstone by 8.5% in the 1st quarter. Waverly Advisors LLC now owns 138,051 shares of the asset manager’s stock worth $15,875,000 after acquiring an additional 10,778 shares during the last quarter. Wealth Alliance LLC raised its holdings in shares of Blackstone by 11.7% during the 1st quarter. Wealth Alliance LLC now owns 5,094 shares of the asset manager’s stock worth $586,000 after acquiring an additional 532 shares during the period. Finally, Entropy Technologies LP grew its holdings in shares of Blackstone by 605.8% in the first quarter. Entropy Technologies LP now owns 100,845 shares of the asset manager’s stock valued at $11,596,000 after purchasing an additional 86,557 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insider Buying and Selling at Blackstone

In related news, major shareholder Private Multi-Asset Blackstone acquired 765,111 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of $26.14 per share, with a total value of $20,000,001.54. Following the completion of the transaction, the insider owned 7,882,145 shares of the company’s stock, valued at $206,039,270.30. The trade was a 10.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Treasury Holdings I. Blackstone bought 9,486,795 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $20.00 per share, with a total value of $189,735,900.00. Following the completion of the acquisition, the insider owned 9,111,800 shares of the company’s stock, valued at $182,236,000. This trade represents a -2,529.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 10,252,345 shares of company stock valued at $209,789,893. Insiders own 1.00% of the company’s stock.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone beat Q2 earnings and revenue estimates, with EPS of $1.52 versus expectations around $1.33-$1.34 and revenue of $5.04 billion versus $3.42 billion expected, signaling better-than-expected operating performance. Blackstone Inc. (BX) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Assets under management hit a record $1.35 trillion, helped by nearly $70 billion in quarterly inflows, which suggests Blackstone continues to attract capital even in a tougher fundraising environment. Blackstone’s quarterly profit gets boost from asset pile, AI investment gains
• Positive Sentiment: Management highlighted that AI-related investments are starting to pay off, with gains across data centers, infrastructure, credit, and private markets boosting profit and growth prospects. BX Q2 Earnings Call Highlights AI Strategy & Fundraising Strength
• Positive Sentiment: Royal Bank of Canada raised its price target on Blackstone to $169 from $161 and kept an outperform rating, underscoring improved analyst confidence in the stock. Analyst price target update
• Neutral Sentiment: Blackstone is also in the final bidding for yacht retailer MarineMax, a potential acquisition that could expand its deal flow, though the impact on earnings is still uncertain. Blackstone, Donerail among final bidders for yacht retailer MarineMax, sources say
• Neutral Sentiment: The company also announced a higher quarterly dividend, which is supportive for income-focused investors, but this is a smaller near-term driver than the earnings beat and AI-related growth narrative. Dividend announcement

Wall Street Analysts Forecast Growth

BX has been the topic of a number of analyst reports. TD Cowen lifted their target price on shares of Blackstone from $133.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group raised their price target on shares of Blackstone from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday. Zacks Research upgraded Blackstone from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Argus lowered their price objective on Blackstone from $163.00 to $146.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Finally, Morgan Stanley reduced their target price on Blackstone from $215.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Thirteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Blackstone has a consensus rating of “Moderate Buy” and a consensus target price of $147.76.

Blackstone Stock Performance

Shares of Blackstone stock opened at $129.72 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.72 and a quick ratio of 0.76. The stock has a market capitalization of $96.36 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.41 and a beta of 1.58. The business has a 50-day moving average of $120.33 and a 200 day moving average of $124.58. Blackstone Inc. has a 12 month low of $101.73 and a 12 month high of $190.09.

Blackstone (NYSE:BX) last issued its quarterly earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.18. The business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $3.42 billion. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, 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 declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be given a $1.29 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $5.16 annualized dividend and a yield of 4.0%. This is a boost from Blackstone’s previous quarterly dividend of $1.16. Blackstone’s dividend payout ratio is 103.80%.

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.