Rep. Dan Newhouse Purchases Shares of Blackstone Inc. (NYSE:BX)

Representative Dan Newhouse (R-Washington) recently bought shares of Blackstone Inc. (NYSE:BX). In a filing disclosed on January 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in Blackstone stock on December 11th. The trade occurred in the Representative’s “EDWARD JONES BROKERAGE” account.

Representative Dan Newhouse also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Royal Caribbean Cruises (NYSE:RCL) on 12/31/2025.
• Purchased $1,001 – $15,000 in shares of Broadridge Financial Solutions (NYSE:BR) on 12/31/2025.
• Purchased $1,001 – $15,000 in shares of Synopsys (NASDAQ:SNPS) on 12/31/2025.
• Sold $1,001 – $15,000 in shares of Brown & Brown (NYSE:BRO) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 12/11/2025.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of T-Mobile US (NASDAQ:TMUS) on 12/11/2025.
• Purchased $1,001 – $15,000 in shares of Textron (NYSE:TXT) on 12/11/2025.
• Sold $1,001 – $15,000 in shares of Magna International (NYSE:MGA) on 12/11/2025.
• Sold $1,001 – $15,000 in shares of Truist Financial (NYSE:TFC) on 12/11/2025.

Blackstone Stock Up 1.8%

NYSE:BX traded up $2.86 during trading hours on Friday, reaching $163.67. 4,125,992 shares of the company traded hands, compared to its average volume of 2,999,517. Blackstone Inc. has a 1 year low of $115.66 and a 1 year high of $190.09. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The business’s 50-day moving average price is $151.03 and its two-hundred day moving average price is $161.32. The stock has a market capitalization of $120.86 billion, a P/E ratio of 46.76, a P/E/G ratio of 1.15 and a beta of 1.75.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, October 23rd. The asset manager reported $1.52 EPS for the quarter, beating the consensus estimate of $1.23 by $0.29. Blackstone had a net margin of 20.56% and a return on equity of 22.30%. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the firm posted $1.02 EPS. Blackstone’s revenue for the quarter was down 15.7% on a year-over-year basis. Analysts predict 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 Monday, November 10th. Investors of record on Monday, November 3rd were given a dividend of $1.29 per share. This is a boost from Blackstone’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $5.16 dividend on an annualized basis and a yield of 3.2%. Blackstone’s dividend payout ratio is 147.43%.

Insider Buying and Selling

In other news, major shareholder Holdings Iv Gp Mana Blackstone purchased 385,208 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were acquired at an average cost of $25.96 per share, for a total transaction of $9,999,999.68. Following the completion of the purchase, the insider directly owned 16,332,883 shares in the company, valued at $424,001,642.68. The trade was a 2.42% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ruth Porat acquired 324 shares of the stock in a transaction on Monday, November 10th. The stock was acquired at an average cost of $146.92 per share, for a total transaction of $47,602.08. Following the acquisition, the director directly owned 39,077 shares in the company, valued at $5,741,192.84. This represents a 0.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 797,148 shares of company stock worth $24,050,153. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BX. Perigon Wealth Management LLC grew its stake in Blackstone by 3.2% during the 2nd quarter. Perigon Wealth Management LLC now owns 62,484 shares of the asset manager’s stock worth $9,346,000 after buying an additional 1,949 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Blackstone by 2.2% during the second quarter. Vanguard Group Inc. now owns 69,492,377 shares of the asset manager’s stock worth $10,394,670,000 after acquiring an additional 1,494,796 shares during the last quarter. Redmond Asset Management LLC raised its position in Blackstone by 21.2% in the 2nd quarter. Redmond Asset Management LLC now owns 18,785 shares of the asset manager’s stock valued at $2,810,000 after purchasing an additional 3,281 shares during the last quarter. Bourgeon Capital Management LLC purchased a new position in Blackstone during the 2nd quarter worth $423,000. Finally, Longfellow Investment Management Co. LLC raised its holdings in shares of Blackstone by 259.8% in the second quarter. Longfellow Investment Management Co. LLC now owns 22,160 shares of the asset manager’s stock valued at $3,315,000 after buying an additional 16,001 shares during the last quarter. Institutional investors own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BX. The Goldman Sachs Group raised their price target on shares of Blackstone from $173.00 to $174.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Rothschild & Co Redburn lowered their target price on Blackstone from $168.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday. Morgan Stanley boosted their target price on shares of Blackstone from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Citigroup lowered their target price on Blackstone from $185.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Finally, Bank of America decreased their price objective on Blackstone from $199.00 to $189.00 in a research note on Wednesday, December 10th. Ten equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $177.25.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

About Blackstone

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.