Blackstone Inc. $BX Stock Position Reduced by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its position in Blackstone Inc. (NYSE:BX) by 7.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 277,236 shares of the asset manager’s stock after selling 23,156 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Blackstone were worth $31,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BX. Cyndeo Wealth Partners LLC boosted its stake in shares of Blackstone by 7.3% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 32,514 shares of the asset manager’s stock worth $3,644,000 after purchasing an additional 2,218 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Blackstone in the third quarter valued at approximately $201,000. Selective Wealth Management Inc. lifted its stake in shares of Blackstone by 7.0% during the third quarter. Selective Wealth Management Inc. now owns 2,101 shares of the asset manager’s stock valued at $229,000 after buying an additional 138 shares during the period. GFG Capital LLC lifted its stake in shares of Blackstone by 0.5% during the third quarter. GFG Capital LLC now owns 83,580 shares of the asset manager’s stock valued at $9,369,000 after buying an additional 447 shares during the period. Finally, Howard Capital Management LLC boosted its position in Blackstone by 2.4% during the third quarter. Howard Capital Management LLC now owns 4,384 shares of the asset manager’s stock worth $491,000 after acquiring an additional 104 shares during the last quarter. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone funds are reportedly set to exit ZO Skin Health through a $1.5 billion sale to Galderma. The transaction could provide a meaningful realization for Blackstone and demonstrate progress monetizing portfolio investments. Blackstone funds set to exit ZO Skin Health in $1.5 billion Galderma deal
• Neutral Sentiment: Director Joseph Baratta plans to resign from Blackstone’s board at the end of 2026, resulting in a planned board reduction. The announcement does not indicate an operational change but may draw some investor attention because of Baratta’s senior role at the firm. Joseph Baratta to resign from Blackstone board at year-end
• Neutral Sentiment: Blackstone is scheduled to report third-quarter 2026 results on Oct. 22 before the market opens. Investors will focus on assets under management, fundraising, capital deployment, realizations and the effect of market volatility on performance fees. Blackstone’s Q3 Earnings on the Deck: What’s in Store for BX?
• Negative Sentiment: Analysts expect third-quarter earnings to decline despite growth in assets under management. Higher expenses, muted deal exits and weaker revenue could reduce the likelihood of an earnings beat, making the upcoming report a near-term risk for BX. Earnings Preview: Blackstone Inc. Q3 Earnings Expected to Decline
• Negative Sentiment: Blackstone’s fair-value assessment edged lower as analysts weighed softer realizations, while UBS Group also cut its price target. These revisions suggest concerns that slower exits and monetization could pressure near-term returns. Blackstone Stock Fair Value Edges Lower
• Negative Sentiment: Options activity was unusually elevated, with traders purchasing 22,725 BX put contracts, approximately 20% above typical put volume. While this is not definitive evidence of future performance, it reflects increased demand for downside protection or bearish exposure.

Analyst Upgrades and Downgrades

BX has been the subject of several recent analyst reports. Citizens Jmp lowered their target price on shares of Blackstone from $190.00 to $165.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. UBS Group reduced their price target on Blackstone from $122.00 to $116.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. JPMorgan Chase & Co. decreased their price objective on Blackstone from $136.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, July 16th. Barclays lowered their price objective on Blackstone from $128.00 to $124.00 and set an “equal weight” rating for the company in a research report on Thursday, October 8th. Finally, HSBC reiterated a “hold” rating and issued a $135.00 target price on shares of Blackstone in a research note on Monday, July 20th. Thirteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.70.

Blackstone Trading Down 2.5%

Shares of BX stock opened at $106.47 on Friday. The firm’s 50-day simple moving average is $128.21 and its 200-day simple moving average is $124.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.72 and a quick ratio of 0.72. Blackstone Inc. has a 1-year low of $101.73 and a 1-year high of $165.14. The firm has a market cap of $79.92 billion, a P/E ratio of 23.82, a PEG ratio of 1.28 and a beta of 1.59.

Blackstone (NYSE:BX) last released its earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.18. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. Blackstone’s revenue was up 35.9% compared to the same quarter last year. As a group, equities analysts forecast that Blackstone Inc. will post 5.91 EPS for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a $1.29 dividend. This is a boost from Blackstone’s previous quarterly dividend of $1.16. The ex-dividend date was Monday, August 3rd. This represents a $5.16 dividend on an annualized basis and a dividend yield of 4.8%. Blackstone’s dividend payout ratio (DPR) is 115.44%.

Insider Activity at Blackstone

In other news, CAO David Payne sold 9,500 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $145.23, for a total transaction of $1,379,685.00. Following the completion of the sale, the chief accounting officer directly owned 64,448 shares of the company’s stock, valued at $9,359,783.04. The trade was a 12.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 3,767,776 shares of the company’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $2.94, for a total value of $11,077,261.44. Following the sale, the insider owned 16,120 shares of the company’s stock, valued at approximately $47,392.80. The trade was a 99.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders bought 1,038,406 shares of company stock worth $27,205,951 and sold 4,077,276 shares worth $37,573,644. 1.00% of the stock is currently owned by corporate insiders.

About Blackstone

Blackstone Inc (NYSE:BX) is a global alternative asset management firm that provides investment and advisory services to institutional investors, companies, and qualified individual investors. The company manages capital across private equity, real estate, credit and insurance, infrastructure, hedge fund solutions, secondaries, and growth-oriented investments.

Blackstone invests in and manages portfolios of businesses, properties, infrastructure assets, and credit instruments across a range of industries.