5,077 Shares in Blackstone Inc. $BX Bought by Atlas Wealth LLC

Atlas Wealth LLC acquired a new position in Blackstone Inc. (NYSE:BX) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,077 shares of the asset manager’s stock, valued at approximately $584,000.

Several other institutional investors have also added to or reduced their stakes in BX. Vanguard Group Inc. increased its stake in Blackstone by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 71,667,695 shares of the asset manager’s stock worth $11,046,859,000 after purchasing an additional 840,258 shares during the period. Morgan Stanley lifted its stake in shares of Blackstone by 2.0% during the 4th quarter. Morgan Stanley now owns 32,862,165 shares of the asset manager’s stock worth $5,065,374,000 after purchasing an additional 636,613 shares during the last quarter. State Street Corp grew its position in shares of Blackstone by 0.6% in the 4th quarter. State Street Corp now owns 31,542,009 shares of the asset manager’s stock worth $4,861,885,000 after buying an additional 179,213 shares during the last quarter. Norges Bank acquired a new stake in shares of Blackstone in the 4th quarter worth $1,275,747,000. Finally, Northern Trust Corp raised its holdings in shares of Blackstone by 4.7% in the third quarter. Northern Trust Corp now owns 7,324,989 shares of the asset manager’s stock worth $1,251,474,000 after buying an additional 329,379 shares during the last quarter. Institutional investors own 70.00% of the company’s stock.

Analyst Ratings Changes

BX has been the subject of several research reports. Evercore restated an “outperform” rating and set a $150.00 price objective on shares of Blackstone in a research note on Tuesday, April 21st. The Goldman Sachs Group reduced their price target on shares of Blackstone from $116.00 to $114.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Rothschild & Co Redburn lowered their price target on shares of Blackstone from $134.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 9th. Jefferies Financial Group lifted their target price on shares of Blackstone from $143.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Citizens Jmp reduced their target price on Blackstone from $190.00 to $165.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Thirteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $145.52.

Blackstone News Summary

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is expanding its alternatives platform in Asia-Pacific by launching a new India infrastructure platform and hiring Ami Momaya from KKR to lead the effort, a move that could support long-term growth in the region. Blackstone creates new APAC infrastructure platform, hires Momaya from KKR
• Positive Sentiment: Blackstone is also tied to the launch of Ode, an AI services company developed with Anthropic and other investors, which reinforces the firm’s exposure to AI and infrastructure investing themes. Is Blackstone (BX) Quietly Rewriting Its AI and Infrastructure Playbook With Ode and India?
• Positive Sentiment: Several commentary pieces say Blackstone remains positioned to beat upcoming earnings estimates, with Wall Street expecting earnings growth and the company cited for strong earnings and price momentum. Why Blackstone Inc. (BX) is Poised to Beat Earnings Estimates Again
• Neutral Sentiment: JPMorgan lowered its price target on Blackstone to $132 from $136 but kept a neutral rating, signaling a more cautious near-term outlook rather than a bearish call. Blackstone price target lowered by JPMorgan
• Neutral Sentiment: Oppenheimer also cut its price target to $139 from $156, though it maintained an outperform rating, suggesting analysts still see upside from current levels despite trimming expectations. Blackstone price target lowered by Oppenheimer
• Negative Sentiment: The recent target cuts from major brokers may be weighing on sentiment today, even though both firms still see upside and have not turned outright bearish on Blackstone.

Insider Activity at Blackstone

In related news, insider Vikrant Sawhney sold 30,014 shares of Blackstone 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 sale, the insider directly owned 899,669 shares in the company, valued at $113,169,363.51. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Treasury Holdings I. Blackstone purchased 9,486,795 shares of Blackstone stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $20.00 per share, with a total value of $189,735,900.00. Following the completion of the transaction, the insider 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. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 10,252,345 shares of company stock valued at $209,789,893 over the last 90 days. 1.00% of the stock is owned by insiders.

Blackstone Price Performance

BX stock opened at $126.96 on Friday. Blackstone Inc. has a 1 year low of $101.73 and a 1 year high of $190.09. The firm has a market capitalization of $94.32 billion, a P/E ratio of 32.47, a P/E/G ratio of 1.39 and a beta of 1.58. 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 business’s 50-day moving average is $119.92 and its two-hundred day moving average is $125.90.

Blackstone (NYSE:BX) last issued its earnings results 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. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 earnings per share. Analysts anticipate that Blackstone Inc. will post 5.89 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, May 4th. Blackstone’s dividend payout ratio (DPR) is 118.67%.

Blackstone 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.