Blackstone Inc. $BX Shares Acquired by Dakota Wealth Management

Dakota Wealth Management increased its position in shares of Blackstone Inc. (NYSE:BX) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,485 shares of the asset manager’s stock after acquiring an additional 8,438 shares during the period. Dakota Wealth Management’s holdings in Blackstone were worth $10,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Jain Global LLC acquired a new stake in shares of Blackstone in the third quarter valued at $9,116,000. Close Asset Management Ltd increased its holdings in Blackstone by 16,035.1% during the 3rd quarter. Close Asset Management Ltd now owns 1,140,264 shares of the asset manager’s stock worth $194,746,000 after purchasing an additional 1,133,197 shares during the period. Fayez Sarofim & Co raised its position in Blackstone by 1.9% in the 3rd quarter. Fayez Sarofim & Co now owns 1,270,608 shares of the asset manager’s stock valued at $217,083,000 after purchasing an additional 24,237 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Blackstone by 20.4% during the third quarter. Natixis Advisors LLC now owns 840,401 shares of the asset manager’s stock worth $143,582,000 after buying an additional 142,479 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in shares of Blackstone by 2.1% during the third quarter. Whittier Trust Co. now owns 346,318 shares of the asset manager’s stock worth $58,337,000 after buying an additional 7,053 shares during the period. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Blackstone

In other news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the 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 sale, the insider directly owned 25,832 shares of the company’s stock, valued at approximately $90,670.32. This represents a 99.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.00% of the company’s stock.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Strong intra?quarter realization update suggests portfolio monetizations and fee?generating activity remain healthy, supporting near?term earnings visibility. Blackstone Issues Strong Q1 Intra-Quarter Realization Update
• Positive Sentiment: Strategic investments: $250M in a UAE payments/data firm signals confidence in growth markets and expands Blackstone’s fintech/data exposure. Blackstone invests $250 million in UAE despite war disruption
• Positive Sentiment: High?profile asset buy: Blackstone?backed consortium paid ~$1.78B for an Indian Premier League team (RCB), a marquee, fee?earning/asset diversification move with potential brand and returns upside. Birla, Blitzer, Blackstone, Times of India consortium to buy IPL team RCB for $1.78 bln
• Positive Sentiment: Real estate growth plan: Reports that Blackstone plans to invest ~$15B in Japanese property over three years signal large deployment dry powder and long?term fee and carry potential. Blackstone plans to invest $15B in Japanese property over three years – report
• Positive Sentiment: Notable share purchase reported (2,868,069 shares), which can be perceived as supportive of price and insider/affiliate conviction. Holdings Iv Gp Mana Blackstone Purchases 2,868,069 Shares of Blackstone (NYSE:BX) Stock
• Neutral Sentiment: Comparative coverage vs. KKR highlights relative strengths (scale, fee?model) and risks (private credit exposure); useful for longer?term allocation decisions but not an immediate catalyst. BX vs. KKR: Which is a Smarter Bet as Private Credit Markets Tighten?
• Neutral Sentiment: Quarterly earnings preview pieces outline what to watch in upcoming results — useful context ahead of official releases. Blackstone’s quarterly earnings preview: What you need to know
• Negative Sentiment: Private?credit stress: reports of rising defaults, redemptions and capped fund exits are pressuring sentiment for managers with large credit franchises — a key reason for recent BX share weakness. Private credit’s ‘zero-loss fantasy’ is coming to an end as defaults and fund exits rise
• Negative Sentiment: Analysts and commentary note recent share?price declines and fundraising/deployment scrutiny, keeping near?term downside risk if private credit or fundraising trends worsen. Is It Too Late To Consider Blackstone (BX) After Recent Share Price Weakness?

Analyst Upgrades and Downgrades

Several research firms have commented on BX. BNP Paribas Exane lowered their price target on shares of Blackstone from $167.00 to $156.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Citigroup reaffirmed a “market outperform” rating on shares of Blackstone in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft increased their target price on Blackstone from $164.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. TD Cowen decreased their price target on Blackstone from $183.00 to $164.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Argus dropped their price objective on Blackstone from $195.00 to $163.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.00.

Blackstone Stock Up 1.0%

BX stock opened at $109.45 on Friday. Blackstone Inc. has a 12 month low of $101.73 and a 12 month high of $190.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $81.23 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 0.86 and a beta of 1.79. The company has a fifty day moving average price of $126.23 and a 200 day moving average price of $146.81.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, January 29th. The asset manager reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.21. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the company earned $1.69 earnings per share. The business’s revenue was up 41.4% compared to the same quarter last year. Sell-side analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were given a dividend of $1.49 per share. This represents a $5.96 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Monday, February 9th. This is a positive change from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s payout ratio is 153.61%.

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.