Parallel Advisors LLC Sells 5,735 Shares of Blackstone Inc. $BX

Parallel Advisors LLC lowered its stake in shares of Blackstone Inc. (NYSE:BX) by 18.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,562 shares of the asset manager’s stock after selling 5,735 shares during the quarter. Parallel Advisors LLC’s holdings in Blackstone were worth $4,367,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Blackstone by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 70,827,437 shares of the asset manager’s stock valued at $12,100,868,000 after buying an additional 1,335,060 shares during the last quarter. Geode Capital Management LLC lifted its position in Blackstone by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 16,542,863 shares of the asset manager’s stock worth $2,462,706,000 after acquiring an additional 227,416 shares during the last quarter. Norges Bank acquired a new stake in shares of Blackstone in the second quarter valued at about $1,071,348,000. Legal & General Group Plc increased its stake in shares of Blackstone by 4.7% in the second quarter. Legal & General Group Plc now owns 4,532,941 shares of the asset manager’s stock worth $678,037,000 after purchasing an additional 202,245 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Blackstone by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,200,194 shares of the asset manager’s stock valued at $628,265,000 after purchasing an additional 37,327 shares during the period. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Blackstone in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Blackstone from $164.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Rothschild & Co Redburn decreased their price target on shares of Blackstone from $165.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. BMO Capital Markets cut their price objective on shares of Blackstone from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Finally, Citigroup restated a “market outperform” rating on shares of Blackstone in a research note on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.86.

Insider Buying and Selling at Blackstone

In related news, major shareholder Holdings Iv Gp Mana Blackstone acquired 1,146,789 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was purchased at an average cost of $26.16 per share, for a total transaction of $30,000,000.24. Following the completion of the purchase, the insider directly owned 16,716,249 shares of the company’s stock, valued at $437,297,073.84. The trade was a 7.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the business’s stock in a transaction on Friday, February 27th. The shares were 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.

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Oaktree co‑founder Howard Marks publicly said there’s “no systemic problem” with private credit, a comment that calms fears about contagion across the sector and can support sentiment for BX. Oaktree’s Howard Marks says there’s no systemic problem with private credit
• Neutral Sentiment: Barclays reinstated coverage of BX with an Equal Weight rating and a $126 price target after a brief restriction period — coverage resumption reduces uncertainty but the $126 PT is well below recent 200‑day averages. Blackstone (BX) Coverage Reinstated by Barclays with $126 Price Target
• Negative Sentiment: Blackstone’s BCRED fund has seen a surge in redemption requests; the firm raised the repurchase cap and injected capital to meet demand — action avoids a disorderly liquidity event but highlights stress in retail-facing private credit and likely weighs on sentiment and valuation. Blackstone Redemptions Test Liquidity As Shares Trade Below Fair Value
• Negative Sentiment: Analysts cut targets: JPMorgan lowered its BX target to $122 and Barclays’s published target sits at $126 — fresh downward pressure from the sell‑side. JPMorgan Chase & Co. Lowers Blackstone Price Target to $122
• Negative Sentiment: A major shareholder sold roughly $15.96M of BX stock, a transaction that can amplify intraday selling pressure and signal reduced insider conviction. Blackstone Major Shareholder Sells $15,961,420.00 in Stock
• Negative Sentiment: Reports Bloomberg/Reuters that talks for a ~$4B New World deal have stalled over control issues; market reaction to deal uncertainty pressured related shares and sentiment toward BX. Blackstone’s $4 billion New World talks stall over control
• Negative Sentiment: Critical analyst pieces and commentary argue valuation and liquidity risks remain elevated (e.g., Seeking Alpha take and broader coverage of retail private‑credit redemptions), sustaining bearish narratives. Avoiding Blackstone And Blackstone Secured Lending…

Blackstone Price Performance

Shares of Blackstone stock opened at $110.20 on Monday. The firm has a market cap of $81.79 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 0.95 and a beta of 1.80. The firm’s 50-day simple moving average is $139.66 and its 200-day simple moving average is $152.47. Blackstone Inc. has a twelve month low of $105.09 and a twelve month high of $190.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.76 and a current ratio of 0.76.

Blackstone (NYSE:BX) last announced its quarterly earnings results on Thursday, January 29th. The asset manager reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.21. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the company earned $1.69 earnings per share. The company’s revenue for the quarter was up 41.4% compared to the same quarter last year. As a group, research analysts expect that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were paid a $1.49 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $5.96 annualized dividend and a yield of 5.4%. This is a positive change from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s payout ratio is presently 153.61%.

Blackstone 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.