Nomura Asset Management Co. Ltd. Sells 4,474 Shares of Blackstone Inc. $BX

Nomura Asset Management Co. Ltd. lowered its position in shares of Blackstone Inc. (NYSE:BX) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 422,198 shares of the asset manager’s stock after selling 4,474 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Blackstone were worth $65,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. REAP Financial Group LLC bought a new position in shares of Blackstone during the third quarter worth approximately $26,000. Family CFO Inc bought a new position in shares of Blackstone during the fourth quarter worth approximately $28,000. Ares Financial Consulting LLC bought a new position in shares of Blackstone during the fourth quarter worth approximately $28,000. Richardson Financial Services Inc. bought a new position in shares of Blackstone during the fourth quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC bought a new position in Blackstone during the 3rd quarter worth $30,000. Institutional investors own 70.00% of the company’s stock.

Key Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is expanding its AI infrastructure exposure through a new $5 billion joint venture with Google to build U.S.-based data center capacity and provide TPU compute services, giving investors a new growth angle tied to AI demand. Blackstone (BX) to Invest $5B in TPU Cloud Joint Venture with Google
• Positive Sentiment: Blackstone was also mentioned in reports that it and Apollo are arranging about $36 billion in financing tied to Anthropic’s AI chip expansion, reinforcing the firm’s role in large-scale AI-related capital deployment. Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports
• Positive Sentiment: DBS Bank upgraded Blackstone to “moderate buy,” which can bolster investor sentiment around the stock. Blackstone was upgraded by Dbs Bank to moderate buy
• Neutral Sentiment: Blackstone announced that President and COO Jon Gray will present at Morgan Stanley’s U.S. Financials Conference on June 9, which is mainly a visibility event rather than a direct business catalyst. Blackstone to Present at Morgan Stanley’s US Financials Conference
• Negative Sentiment: Reports that Blackstone plans to sell a Seattle office building at roughly a 54% loss highlight ongoing stress in office real estate, a potential headwind for investor sentiment toward parts of Blackstone’s portfolio. Blackstone to sell Seattle office building for ~54% below purchase price – report
• Negative Sentiment: Another article said Blackstone is facing valuation questions in the broader market, which can add to uncertainty around the stock’s pricing. Blackstone Swings Put S&P 500 Valuation In Focus

Insider Activity

In related news, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the business’s stock in a transaction on Friday, March 20th. The shares were purchased at an average cost of $26.15 per share, with a total value of $75,000,004.35. Following the acquisition, the insider owned 18,628,295 shares of the company’s stock, valued at $487,129,914.25. This represents a 18.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Treasury Holdings I. Blackstone bought 9,486,795 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought 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 directly owned 9,111,800 shares in the company, valued at approximately $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 three months, insiders acquired 12,355,303 shares of company stock worth $264,789,896 and sold 7,532,518 shares worth $30,496,500. 1.00% of the stock is owned by corporate insiders.

Blackstone Trading Up 0.1%

NYSE BX opened at $117.05 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. Blackstone Inc. has a twelve month low of $101.73 and a twelve month high of $190.09. The company has a market cap of $86.95 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 1.27 and a beta of 1.59. The business’s fifty day moving average is $118.68 and its 200 day moving average is $132.60.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.02. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter last year, the business posted $1.11 EPS. Blackstone’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, sell-side analysts expect that Blackstone Inc. will post 5.9 EPS for the current fiscal year.

Blackstone Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.64 annualized dividend and a yield of 4.0%. Blackstone’s payout ratio is presently 118.67%.

Analyst Ratings Changes

A number of equities analysts have commented on BX shares. TD Cowen lowered their price objective on Blackstone from $140.00 to $133.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. JPMorgan Chase & Co. lowered their price objective on Blackstone from $142.00 to $136.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Oppenheimer raised their price objective on Blackstone from $154.00 to $156.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Barclays lowered their price objective on Blackstone from $126.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, Royal Bank Of Canada set a $173.00 price objective on Blackstone in a research note on Friday, April 24th. Twelve analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $151.05.

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.