Truist Financial Corp trimmed its stake in Blackstone Inc. (NYSE:BX – Free Report) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 222,314 shares of the asset manager’s stock after selling 6,820 shares during the quarter. Truist Financial Corp’s holdings in Blackstone were worth $34,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Redwood Financial Network Corp lifted its stake in Blackstone by 1.8% in the second quarter. Redwood Financial Network Corp now owns 3,588 shares of the asset manager’s stock valued at $537,000 after acquiring an additional 65 shares during the last quarter. Obermeyer Wealth Partners grew its position in Blackstone by 2.3% in the third quarter. Obermeyer Wealth Partners now owns 2,993 shares of the asset manager’s stock worth $511,000 after acquiring an additional 66 shares in the last quarter. Klingman & Associates LLC grew its position in Blackstone by 0.4% in the third quarter. Klingman & Associates LLC now owns 15,116 shares of the asset manager’s stock worth $2,583,000 after acquiring an additional 67 shares in the last quarter. Lazari Capital Management Inc. grew its position in Blackstone by 4.5% in the third quarter. Lazari Capital Management Inc. now owns 1,578 shares of the asset manager’s stock worth $270,000 after acquiring an additional 68 shares in the last quarter. Finally, Benchmark Financial Wealth Advisors LLC grew its position in Blackstone by 0.9% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 7,748 shares of the asset manager’s stock worth $1,194,000 after acquiring an additional 69 shares in the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on BX. Evercore reissued an “outperform” rating and issued a $150.00 target price on shares of Blackstone in a research report on Tuesday, April 21st. Barclays lowered their price target on Blackstone from $126.00 to $124.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Blackstone from $156.00 to $146.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Piper Sandler increased their price target on Blackstone from $122.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Finally, Argus lowered their price target on Blackstone from $163.00 to $146.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Eleven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Blackstone has a consensus rating of “Hold” and a consensus price target of $150.95.
Insider Transactions at Blackstone
In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the transaction, the insider directly owned 25,832 shares of the company’s stock, valued at $90,670.32. This trade represents a 99.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was 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. Insiders sold 9,103,660 shares of company stock valued at $45,982,920 in the last ninety days. 1.00% of the stock is owned by company insiders.
Key Stories Impacting Blackstone
Here are the key news stories impacting Blackstone this week:
- Positive Sentiment: Blackstone is part of a roughly $1.5 billion Anthropic-led venture with Goldman, Hellman & Friedman and others to deploy AI tools (Claude) across PE-owned portfolio companies. For Blackstone this could accelerate operational improvements at portfolio firms, create new fee or services opportunities and strengthen competitive advantages in sourcing and scaling deals. Anthropic teams with Goldman, Blackstone and others on $1.5 billion AI venture targeting PE-owned firms
- Positive Sentiment: Reports say Blackstone and KKR are in talks with Alphabet to give their portfolio companies access to Google AI models. Direct access to leading AI models could boost productivity and valuations across Blackstone’s holdings and speed value creation in exits. Market Chatter: Blackstone, KKR in Talks With Alphabet to Give Portfolio Companies Access to AI Models
- Positive Sentiment: Blackstone’s new data-center vehicle (Blackstone Digital Infrastructure Trust / BXDC) is targeting roughly $1.7–1.75 billion in a U.S. IPO to buy newly built data centers leased to hyperscalers. This expands BX’s fee-bearing AUM and taps a hot sector (secular demand for cloud infra), potentially adding recurring management/transaction fees and unlocking value via a public listing. Blackstone vehicle aims to raise over $1.7 billion in US IPO for data center bet
- Neutral Sentiment: Analyses comparing Blackstone (BX) with peers on valuation (e.g., Orix / IX comparisons) are circulating; these pieces provide context on relative value but don’t change fundamentals immediately. Useful for investors re-assessing BX vs. other asset managers or alternative-asset plays. IX vs. BX: Which Stock Is the Better Value Option?
- Negative Sentiment: An analyst consensus recently settled at an average “Hold” for BX, which signals limited near-term upside in Street expectations and could cap buying interest until clearer catalysts (earnings beats, visible fee growth, or successful IPO execution) emerge. Blackstone Inc. (NYSE:BX) Receives Average Recommendation of “Hold” from Analysts
Blackstone Trading Down 0.3%
Shares of Blackstone stock opened at $122.78 on Wednesday. The company’s fifty day simple moving average is $115.98 and its 200-day simple moving average is $136.65. The company has a market cap of $91.12 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 1.34 and a beta of 1.63. 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 1 year low of $101.73 and a 1 year high of $190.09.
Blackstone (NYSE:BX – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.02. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.45 billion. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. Blackstone’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $1.11 earnings per share. As a group, sell-side analysts expect that Blackstone Inc. will post 5.91 EPS for the current year.
Blackstone Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, May 4th will be paid a $1.16 dividend. The ex-dividend date is Monday, May 4th. This represents a $4.64 annualized dividend and a dividend yield of 3.8%. Blackstone’s dividend payout ratio (DPR) is presently 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.
See Also
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