Trivest Advisors Ltd Invests $7 Million in Blackstone Inc. $BX

Trivest Advisors Ltd bought a new position in shares of Blackstone Inc. (NYSE:BX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 45,400 shares of the asset manager’s stock, valued at approximately $6,998,000. Blackstone accounts for approximately 0.3% of Trivest Advisors Ltd’s portfolio, making the stock its 21st biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Blackstone by 1.4% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 119,272 shares of the asset manager’s stock worth $18,385,000 after acquiring an additional 1,700 shares during the period. Total Wealth Planning & Management Inc. bought a new stake in Blackstone in the 4th quarter valued at $677,000. BBR Partners LLC boosted its stake in Blackstone by 266.9% in the 4th quarter. BBR Partners LLC now owns 10,162 shares of the asset manager’s stock valued at $1,566,000 after purchasing an additional 7,392 shares during the period. SlateStone Wealth LLC boosted its stake in Blackstone by 1.9% in the 4th quarter. SlateStone Wealth LLC now owns 3,997 shares of the asset manager’s stock valued at $616,000 after purchasing an additional 75 shares during the period. Finally, Vise Technologies Inc. boosted its stake in Blackstone by 21.3% in the 4th quarter. Vise Technologies Inc. now owns 45,826 shares of the asset manager’s stock valued at $7,064,000 after purchasing an additional 8,032 shares during the period. 70.00% of the stock is currently owned by institutional investors.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone-backed AirTrunk plans to invest $30 billion in India digital infrastructure, highlighting continued growth opportunities in Blackstone’s portfolio and exposure to AI/data-center demand. Blackstone-backed AirTrunk to invest $30B in India digital infrastructure
• Positive Sentiment: Blackstone also remains active on the capital-deployment side, with a new partnership with Nippon Life and the successful IPO of Liftoff Mobile adding to the firm’s deal-making momentum. Blackstone’s Liftoff IPO And Nippon Life Deal Reshape BX Outlook
• Positive Sentiment: The stock also appeared to rebound sharply after an earlier selloff, as some investors viewed the withdrawal cap as a sign of private-credit demand pressures rather than a direct fundamental hit to earnings. Why is Blackstone stock gaining despite a withdrawal cap on its flagship fund?
• Neutral Sentiment: Peer-related headlines from other alternative-asset managers and broader private-credit redemption concerns are adding sector-wide volatility, but they do not directly change Blackstone’s reported quarterly earnings outlook. Alternative Managers Shares Slip as Cliffwater Redemption Fears Mount
• Negative Sentiment: Blackstone’s decision to limit redemptions at Blackstone Private Credit Fund is the main overhang, as it signals heavier-than-expected withdrawal demand and raises questions about liquidity across private markets. Investors Seek to Pull 10% from Blackstone’s Giant Private-Credit Fund
• Negative Sentiment: Multiple reports that redemption requests surged and that Blackstone capped withdrawals reinforced investor concern about private-credit and private-equity fund liquidity, which has weighed on BX sentiment. Redemption requests rise at Blackstone, Partners Group as private markets strain

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings downgraded Blackstone from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. HSBC reduced their price target on Blackstone from $164.00 to $131.00 and set a “hold” rating for the company in a research note on Friday, April 10th. Rothschild & Co Redburn reduced their price target on Blackstone from $138.00 to $134.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Zacks Research downgraded Blackstone from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Finally, Dbs Bank upgraded Blackstone to a “moderate buy” rating in a research report on Wednesday, May 27th. Twelve equities 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $151.05.

Insiders Place Their Bets

In other Blackstone news, insider Vikrant Sawhney sold 30,014 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $125.79, for a total value of $3,775,461.06. Following the transaction, the insider owned 899,669 shares in the company, valued at approximately $113,169,363.51. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was bought at an average price of $26.15 per share, for a total transaction of $75,000,004.35. Following the acquisition, the insider directly owned 18,628,295 shares of the company’s stock, valued at approximately $487,129,914.25. This represents a 18.20% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 12,355,303 shares of company stock valued at $264,789,896. 1.00% of the stock is currently owned by corporate insiders.

Blackstone Stock Down 2.7%

Shares of Blackstone stock opened at $115.40 on Friday. Blackstone Inc. has a one year low of $101.73 and a one year high of $190.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76. The stock’s 50-day moving average is $119.22 and its 200 day moving average is $131.72. The firm has a market cap of $85.73 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 1.29 and a beta of 1.59.

Blackstone (NYSE:BX) last announced its quarterly earnings results 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 $3.43 billion for the quarter, compared to analyst estimates of $3.45 billion. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 earnings per share. Equities research analysts anticipate that Blackstone Inc. will post 5.9 EPS for the current year.

Blackstone Cuts Dividend

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

Blackstone Company 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.