Nordea Investment Management AB Sells 11,851 Shares of Blackstone Inc. $BX

Nordea Investment Management AB decreased its holdings in shares of Blackstone Inc. (NYSE:BX) by 14.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,180 shares of the asset manager’s stock after selling 11,851 shares during the period. Nordea Investment Management AB’s holdings in Blackstone were worth $11,999,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Traub Capital Management LLC acquired a new position in Blackstone during the second quarter worth $27,000. Family CFO Inc acquired a new stake in Blackstone in the 2nd quarter valued at about $28,000. Parvin Asset Management LLC acquired a new position in shares of Blackstone during the second quarter valued at $35,000. Rexford Capital Inc. acquired a new stake in Blackstone during the 2nd quarter worth $35,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Blackstone in the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Transactions at Blackstone

In other Blackstone news, Director Ruth Porat bought 324 shares of Blackstone stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $146.92 per share, with a total value of $47,602.08. Following the acquisition, the director directly owned 39,077 shares of the company’s stock, valued at $5,741,192.84. The trade was a 0.84% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Breyer purchased 13,900 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average price of $143.86 per share, for a total transaction of $1,999,654.00. Following the acquisition, the director owned 68,906 shares of the company’s stock, valued at $9,912,817.16. This trade represents a 25.27% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 797,148 shares of company stock valued at $24,050,153. Company insiders own 1.00% of the company’s stock.

Blackstone Price Performance

BX stock opened at $160.97 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60. Blackstone Inc. has a 12 month low of $115.66 and a 12 month high of $190.09. The firm has a market cap of $118.87 billion, a P/E ratio of 45.99, a P/E/G ratio of 1.11 and a beta of 1.75. The company’s 50-day moving average price is $150.67 and its two-hundred day moving average price is $161.16.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, October 23rd. The asset manager reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.29. Blackstone had a return on equity of 22.30% and a net margin of 20.56%.The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the firm posted $1.02 earnings per share. Blackstone’s revenue was down 15.7% compared to the same quarter last year. On average, analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were issued a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Monday, November 3rd. This is a boost from Blackstone’s previous quarterly dividend of $1.03. Blackstone’s payout ratio is currently 147.43%.

Analyst Upgrades and Downgrades

BX has been the topic of a number of research analyst reports. Rothschild & Co Redburn dropped their price target on Blackstone from $168.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday. Citigroup decreased their price target on Blackstone from $185.00 to $170.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Bank of America dropped their target price on shares of Blackstone from $199.00 to $189.00 in a report on Wednesday, December 10th. Jefferies Financial Group decreased their target price on Blackstone from $187.00 to $185.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Keefe, Bruyette & Woods lowered their target price on Blackstone from $180.00 to $171.00 and set a “market perform” rating on the stock in a research note on Monday, October 13th. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Blackstone presently has a consensus rating of “Hold” and a consensus target price of $177.25.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Handelsblatt/Reuters report that Blackstone plans to invest roughly €4.0B (~$4.65B) in a Lippetal, Germany data‑center project — a large direct investment that supports Blackstone’s conviction in data centers and could boost real‑estate performance and fee revenue. Blackstone to invest $4.65 billion for data center in Germany, Handelsblatt reports
• Positive Sentiment: Blackstone partnered with Empower to make private markets available in 401(k) plans — expands distribution for Blackstone’s products, could grow AUM and recurring fees over time. Blackstone partners with Empower to bring private markets to 401(k)s
• Positive Sentiment: Blackstone’s flagship retail real‑estate fund (BREIT) posted its best return in three years, helped by data‑center exposure — supports the thesis that recent deal activity is translating into realized performance and distribution momentum. Blackstone Real-Estate Fund Stages Comeback With Best Return in Three Years
• Positive Sentiment: TD Cowen trimmed its price target to $183 but kept a “buy” rating — implies continued analyst conviction and a sizable upside thesis relative to current levels. TD Cowen price-target/rating action
• Neutral Sentiment: Blackstone‑backed Liftoff Mobile filed for a U.S. IPO — positive for exit pipeline but indirect for BX’s near‑term earnings. Blackstone, General Atlantic-backed Liftoff Mobile files for IPO
• Neutral Sentiment: Coverage noting BX outperformed the market today — descriptive of market action but not new company fundamentals. Blackstone Inc. stock rises Thursday, outperforms market
• Negative Sentiment: BNP Paribas Exane cut its price target to $156 and kept a “neutral” rating — implies analyst expectations below current market price and could cap near‑term upside. BNP Paribas Exane adjusts Blackstone price target to $156 from $167, maintains neutral rating
• Negative Sentiment: Rothschild & Co Redburn trimmed its price target to $165 and kept a “neutral” rating — a downgrade to consensus sentiment that may add modest selling pressure. Rothschild & Co Redburn adjusts price target on Blackstone to $165 from $168, maintains neutral rating

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.