121,332 Blackstone Inc. $BX Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC decreased its stake in Blackstone Inc. (NYSE:BX) by 88.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,938 shares of the asset manager’s stock after selling 121,332 shares during the period. Curated Wealth Partners LLC’s holdings in Blackstone were worth $1,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Blackstone in the second quarter valued at $6,112,162,000. Bank of America Corp DE acquired a new stake in shares of Blackstone in the 2nd quarter valued at $1,364,373,000. Legal & General Group Plc bought a new position in Blackstone during the 2nd quarter valued at about $605,267,000. Bank of New York Mellon Corp increased its holdings in shares of Blackstone by 8.0% during the first quarter. Bank of New York Mellon Corp now owns 4,520,908 shares of the asset manager’s stock worth $519,859,000 after buying an additional 333,798 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Blackstone by 1.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,353,274 shares of the asset manager’s stock worth $512,250,000 after acquiring an additional 52,755 shares during the last quarter. 70.00% of the stock is owned by institutional investors and hedge funds.

Blackstone News Summary

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone funds are reportedly selling portfolio company ZO Skin Health to Galderma for approximately $1.5 billion in cash. The transaction highlights potential value creation and provides a realization that could support capital recycling and future distributions. Blackstone to Sell ZO Skin Health to Galderma for $1.5 Billion
• Positive Sentiment: Some valuation analysis suggests BX could be materially undervalued following the ZO Skin Health sale, with one estimate indicating as much as 39% upside if realizations improve and the company’s earnings power is properly reflected in the share price. Blackstone Could Be 39% Undervalued
• Neutral Sentiment: Blackstone is scheduled to report earnings, giving investors a near-term catalyst to assess fundraising, fee-related earnings, realizations, and management’s outlook for private-market activity. Blackstone Set to Release Earnings
• Neutral Sentiment: UBS maintained a Hold/Neutral rating while reducing its price target from $122 to $116, implying limited-to-moderate upside from recent levels. Blackstone Price Target Cut by UBS
• Negative Sentiment: Analysts have edged down their fair-value estimates as softer asset realizations raise questions about the timing and strength of performance fees. Blackstone Fair Value Edges Lower
• Negative Sentiment: The reported delay of Blackstone-backed AirTrunk’s approximately $1.5 billion IPO reflects difficult market conditions and postpones a potential liquidity event. Separately, possible Firmus Technologies share-repurchase obligations could create financial exposure, although the terms and ultimate impact remain unclear. Blackstone Faces Firmus Buyback Risk

Insider Activity

In other Blackstone news, major shareholder Holdings Iv L.P. Blackstone purchased 272,642 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was bought at an average cost of $26.14 per share, for a total transaction of $7,126,861.88. Following the completion of the transaction, the insider owned 8,704,419 shares in the company, valued at approximately $227,533,512.66. This represents a 3.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joseph Baratta sold 100,000 shares of the stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $123.80, for a total transaction of $12,380,000.00. Following the sale, the director owned 771,599 shares in the company, valued at $95,523,956.20. The trade was a 11.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 1,038,406 shares of company stock worth $27,205,951 and have sold 4,077,276 shares worth $37,573,644. 1.00% of the stock is currently owned by company insiders.

Blackstone Stock Performance

Shares of Blackstone stock traded up $2.59 during trading on Thursday, hitting $108.80. 3,139,627 shares of the stock were exchanged, compared to its average volume of 6,048,609. Blackstone Inc. has a 1-year low of $101.73 and a 1-year high of $165.32. The stock has a market capitalization of $81.67 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 1.32 and a beta of 1.59. The company has a fifty day moving average price of $129.30 and a 200-day moving average price of $124.25. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.63.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, July 23rd. The asset manager reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.18. The firm had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $3.42 billion. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 earnings per share. As a group, equities analysts predict that Blackstone Inc. will post 5.94 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a dividend of $1.29 per share. This is a positive change from Blackstone’s previous quarterly dividend of $1.16. This represents a $5.16 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Monday, August 3rd. Blackstone’s payout ratio is 115.44%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BX shares. Oppenheimer lifted their price target on Blackstone from $140.00 to $171.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. UBS Group lowered their price target on shares of Blackstone from $122.00 to $116.00 and set a “neutral” rating for the company in a research report on Tuesday. The Goldman Sachs Group upped their target price on shares of Blackstone from $114.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. HSBC reiterated a “hold” rating and issued a $135.00 price target on shares of Blackstone in a research report on Monday, July 20th. Finally, TD Cowen cut their price objective on Blackstone from $154.00 to $144.00 and set a “buy” rating on the stock in a report on Monday. Thirteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.65.

Blackstone Company Profile

Blackstone Inc is a global alternative asset management firm that provides investment solutions to institutional investors, companies, financial advisers and individual investors. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson, the company has developed a broad platform spanning private markets and other alternative investments.

Blackstone’s businesses include private equity, real estate, credit and insurance, infrastructure, secondaries and hedge fund solutions. Its investment activities may involve acquiring and managing companies, commercial and residential properties, infrastructure assets, private credit and other investments on behalf of its clients.

The firm serves clients and invests across North America, Europe, Asia-Pacific and other international markets.