Blackstone Inc. $BX Stock Position Trimmed by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in Blackstone Inc. (NYSE:BX) by 1.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,307,405 shares of the asset manager’s stock after selling 13,704 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Blackstone worth $223,370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Blackstone in the 2nd quarter valued at approximately $1,071,348,000. Vanguard Group Inc. grew its position in shares of Blackstone by 2.2% in the second quarter. Vanguard Group Inc. now owns 69,492,377 shares of the asset manager’s stock valued at $10,394,670,000 after purchasing an additional 1,494,796 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Blackstone by 31.9% in the 2nd quarter. Lazard Asset Management LLC now owns 3,803,344 shares of the asset manager’s stock worth $568,902,000 after acquiring an additional 919,773 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Blackstone by 115.4% in the second quarter. Canada Pension Plan Investment Board now owns 1,088,786 shares of the asset manager’s stock valued at $162,861,000 after acquiring an additional 583,384 shares during the last quarter. Finally, Amundi boosted its holdings in Blackstone by 19.9% in the second quarter. Amundi now owns 2,904,030 shares of the asset manager’s stock valued at $444,494,000 after acquiring an additional 482,528 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Stock Up 1.8%

Shares of Blackstone stock opened at $133.78 on Wednesday. The company has a market cap of $98.79 billion, a P/E ratio of 34.48, a PEG ratio of 1.02 and a beta of 1.76. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 12-month low of $115.66 and a 12-month high of $190.09. The company’s fifty day simple moving average is $151.36 and its two-hundred day simple moving average is $158.84.

Blackstone (NYSE:BX) last issued its earnings results on Thursday, January 29th. The asset manager reported $1.75 EPS for the quarter, beating the consensus estimate of $1.54 by $0.21. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the business posted $1.69 EPS. The company’s revenue was up 41.4% compared to the same quarter last year. Research analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th will be paid a dividend of $1.49 per share. The ex-dividend date of this dividend is Monday, February 9th. This is an increase from Blackstone’s previous quarterly dividend of $1.29. This represents a $5.96 annualized dividend and a yield of 4.5%. Blackstone’s payout ratio is presently 153.61%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BX shares. Rothschild & Co Redburn cut their price objective on Blackstone from $165.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. The Goldman Sachs Group dropped their price objective on shares of Blackstone from $166.00 to $158.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. HSBC lowered their price target on shares of Blackstone from $178.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Barclays cut their price target on Blackstone from $171.00 to $164.00 and set an “equal weight” rating on the stock in a report on Friday, January 30th. Finally, Bank of America reduced their price objective on shares of Blackstone from $199.00 to $189.00 in a research report on Wednesday, December 10th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Blackstone presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.68.

Insiders Place Their Bets

In related news, major shareholder Holdings Iv Gp Mana Blackstone acquired 385,208 shares of the stock in a transaction on Friday, November 21st. The stock was bought at an average cost of $25.96 per share, with a total value of $9,999,999.68. Following the transaction, the insider directly owned 16,332,883 shares in the company, valued at approximately $424,001,642.68. This represents a 2.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. Following the transaction, the insider owned 2,161 shares in the company, valued at approximately $21,610. This represents a 99.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Big increase in Anthropic stake boosts BX’s AI exposure — reports say Blackstone has raised its investment in AI chatbot maker Anthropic to roughly $1 billion (implying continued balance-sheet commitment to high-growth AI assets and potential long-term upside). Blackstone boosts stake in Anthropic
• Positive Sentiment: Large debt package to Australian AI-infrastructure developer Firmus (reported as a $10B financing with Coatue) highlights BX’s originations/lending scale into AI infrastructure, supporting fee and interest-income growth. Firmus financing
• Positive Sentiment: Management pivoting toward data centers and healthtech signals allocation into secular growth sectors (could support higher valuation multiples if executed). Blackstone targets data centers and healthtech
• Neutral Sentiment: Brookfield is reportedly in talks to buy Fidere (BX’s hospitality/real estate stake) for about $1.2B — a sale could crystallize value or reduce recurring earnings depending on price and use of proceeds. Brookfield talks to buy Fidere
• Neutral Sentiment: Transcript from Blackstone’s Bank of America presentation is available — useful for details on fee cadence, deal pipeline and distribution outlook but contains no single market-moving surprise. BofA conference transcript
• Neutral Sentiment: Founder Steve Schwarzman’s push to build a major private foundation is a governance/capital-allocation signal but unlikely to materially affect near-term earnings. Schwarzman foundation plans
• Negative Sentiment: Jefferies trimmed its BX price target from $185 to $161 while keeping a buy rating — a sign analysts are downgrading upside expectations even if conviction remains. Jefferies lowers price target

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.