State of Michigan Retirement System Sells 6,000 Shares of Blackstone Inc. $BX

State of Michigan Retirement System trimmed its position in Blackstone Inc. (NYSE:BX) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,300 shares of the asset manager’s stock after selling 6,000 shares during the quarter. State of Michigan Retirement System’s holdings in Blackstone were worth $29,795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Blackstone by 34.6% during the 4th quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager’s stock valued at $1,365,000 after buying an additional 2,035 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Blackstone by 9.3% during the second quarter. Sivia Capital Partners LLC now owns 2,076 shares of the asset manager’s stock valued at $310,000 after acquiring an additional 177 shares during the period. United Bank boosted its stake in shares of Blackstone by 14.7% in the second quarter. United Bank now owns 13,528 shares of the asset manager’s stock worth $2,024,000 after acquiring an additional 1,729 shares during the period. Nebula Research & Development LLC purchased a new stake in shares of Blackstone during the second quarter worth about $1,124,000. Finally, Sei Investments Co. lifted its holdings in Blackstone by 1.9% in the 2nd quarter. Sei Investments Co. now owns 452,619 shares of the asset manager’s stock worth $67,703,000 after purchasing an additional 8,655 shares in the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Evercore reiterated an “outperform” rating and set a $150.00 price objective on shares of Blackstone in a research report on Tuesday, April 21st. Jefferies Financial Group cut their target price on shares of Blackstone from $161.00 to $143.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Barclays decreased their price target on shares of Blackstone from $126.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. JPMorgan Chase & Co. cut their price objective on Blackstone from $142.00 to $136.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Argus decreased their target price on Blackstone from $195.00 to $163.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Eleven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Blackstone has a consensus rating of “Moderate Buy” and a consensus price target of $151.36.

Key Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Q1 beat and record AUM — Blackstone reported Q1 results above estimates, fee‑earning AUM hit a record and management flagged strong AI infrastructure and fee‑related earnings growth, a clear fundamental positive for growth and fee visibility. Blackstone Inc (BX) Q1 2026 Earnings Call Highlights
• Positive Sentiment: Dividend boost — Blackstone declared a $1.16 quarterly dividend (annualized yield ~3.8%), supporting income investors and providing a valuation floor.
• Positive Sentiment: Oppenheimer raised its price target to $156 (outperform), signaling some buy‑side conviction that valuation upside remains despite recent volatility. Oppenheimer raises Blackstone PT to $156
• Positive Sentiment: AI infrastructure exposure — Blackstone‑backed AirTrunk exploring bonds to fund data center expansion highlights the firm’s exposure to growing AI infrastructure demand, a growth theme investors like. Blackstone-Backed AirTrunk Explores A$500M Bond
• Neutral Sentiment: Mixed analyst moves — Several firms trimmed price targets but left ratings intact (Deutsche Bank to $146, TD Cowen to $140, Rothschild & Co Redburn to $134), reflecting modestly reduced upside assumptions but not broad sell calls. Deutsche Bank adjusts Blackstone PT to $146 Rothschild & Co Redburn adjusts PT to $134 TD Cowen adjusts PT to $140
• Neutral Sentiment: Other analyst note — Morgan Stanley issued a different PT action (recent coverage note), adding to mixed signals from brokers. Morgan Stanley Lowers Blackstone PT to $184
• Negative Sentiment: Private‑credit stress — WSJ reports two large loan defaults (Medallia, Affordable Care) that hit private‑credit lenders including Blackstone, raising short‑term loss and mark risks in Blackstone’s private‑credit portfolios. Two Big Loan Defaults Add to Pain in Private‑Credit Funds
• Negative Sentiment: Negative market narrative / short interest — Jim Cramer noted heavy short‑seller interest in BX, which can amplify downside on mixed headlines even if fundamentals remain intact. Jim Cramer on Blackstone: “Too Many Short Sellers, But Not a Lot of Failures”

Insider Activity

In related news, major shareholder Holdings Iv Gp Mana Blackstone purchased 2,868,069 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of $26.15 per share, for a total transaction of $75,000,004.35. Following the acquisition, the insider owned 18,628,295 shares of the company’s stock, valued at approximately $487,129,914.25. This represents a 18.20% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of Blackstone stock in a transaction on Friday, February 27th. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00. The SEC filing for this sale provides additional information. Corporate insiders own 1.00% of the company’s stock.

Blackstone Price Performance

BX stock opened at $121.77 on Monday. The company has a fifty day simple moving average of $116.60 and a two-hundred day simple moving average of $137.99. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $190.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $90.38 billion, a P/E ratio of 31.14, a price-to-earnings-growth ratio of 1.28 and a beta of 1.74.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.02. The firm had revenue of $3.62 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 business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.11 EPS. Analysts anticipate that Blackstone Inc. will post 6.07 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, May 4th will be issued a $1.16 dividend. The ex-dividend date is Monday, May 4th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.8%. Blackstone’s payout ratio is 152.43%.

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.