Blackstone Inc. $BX Holdings Lifted by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC increased its position in shares of Blackstone Inc. (NYSE:BX) by 23.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,686 shares of the asset manager’s stock after purchasing an additional 5,592 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Blackstone were worth $3,328,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BX. Wellington Altus USA Inc. acquired a new stake in Blackstone during the 2nd quarter valued at approximately $26,000. Bell Investment Advisors Inc purchased a new stake in shares of Blackstone in the 2nd quarter valued at $30,000. Addison Advisors LLC acquired a new stake in shares of Blackstone in the second quarter worth $30,000. NBH Bank acquired a new stake in shares of Blackstone in the second quarter worth $30,000. Finally, West Branch Capital LLC raised its holdings in shares of Blackstone by 26,600.0% during the second quarter. West Branch Capital LLC now owns 267 shares of the asset manager’s stock worth $31,000 after purchasing an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BX shares. BNP Paribas Exane decreased their target price on shares of Blackstone from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Barclays lowered their price target on shares of Blackstone from $128.00 to $124.00 and set an “equal weight” rating on the stock in a report on Thursday, October 8th. Piper Sandler cut their price target on Blackstone from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on Blackstone from $136.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, July 16th. Finally, Weiss Ratings raised Blackstone from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Blackstone currently has an average rating of “Moderate Buy” and an average target price of $143.35.

Insider Activity at Blackstone

In other Blackstone news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $16.40, for a total value of $2,043,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO David Payne sold 9,500 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $145.23, for a total transaction of $1,379,685.00. Following the sale, the chief accounting officer directly owned 64,448 shares in the company, valued at approximately $9,359,783.04. The trade was a 12.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have acquired 464,792 shares of company stock valued at $12,205,945 and have sold 4,077,276 shares valued at $37,573,644. Corporate insiders own 1.00% of the company’s stock.

Blackstone Price Performance

Shares of NYSE BX opened at $109.66 on Thursday. The stock has a market capitalization of $82.31 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.36 and a beta of 1.59. Blackstone Inc. has a 12 month low of $101.73 and a 12 month high of $165.14. The firm’s 50 day simple moving average is $126.05 and its 200-day simple moving average is $124.11. 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 (NYSE:BX) last posted its earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.42 billion. During the same period in the previous year, the firm earned $0.98 EPS. The business’s quarterly revenue was up 35.9% on a year-over-year basis. Analysts expect that Blackstone Inc. will post 5.87 EPS for the current year.

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone closed its Energy Transition Partners V fund with $8.7 billion, providing new fee-generating capital for energy-transition investments. The firm is also reportedly discussing a $400 million–$500 million investment in India’s Accord Software Systems. Blackstone Lands $8.7 Billion Energy Fund Close
• Positive Sentiment: Blackstone and Warburg Pincus are reportedly exploring a sale of IntraFi valued above $10 billion. A transaction could crystallize value from the portfolio and generate proceeds or investment gains, although discussions are preliminary. Blackstone and Warburg Explore IntraFi Sale
• Positive Sentiment: The NFL is considering approving Blackstone as an eligible investor for minority stakes in teams. Access to this scarce, high-value asset class could create a new growth opportunity, though talks remain early and require league approval. NFL Weighs Letting Blackstone Buy Minority Team Stakes
• Positive Sentiment: Blackstone executive Jas Khaira argued that concerns about debt financing for AI infrastructure are overstated, underscoring the firm’s intention to participate in the AI buildout and potentially expand infrastructure-related investment activity. Blackstone Executive Discusses AI Buildout Debt
• Neutral Sentiment: Investors are awaiting quarterly earnings, with the preview focused on fee growth, the wealth-management channel and signs of recovery in real estate. Expectations have reportedly been reduced, potentially lowering the bar for a positive earnings surprise. Blackstone Q3 Earnings Preview
• Positive Sentiment: Stripe is reportedly nearing a deal to lease London office space owned by Blackstone, supporting occupancy and rental income in the firm’s real-estate portfolio.
• Negative Sentiment: A $1.3 billion Blackstone multifamily CMBS loan has entered special servicing, highlighting continued stress in parts of commercial real estate and potential pressure on valuations or returns. Blackstone Multifamily CMBS Loan Enters Special Servicing

Blackstone Company Profile

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.