MBL Wealth LLC Has $1.03 Million Stock Position in Blackstone Inc. $BX

MBL Wealth LLC raised its stake in Blackstone Inc. (NYSE:BX) by 363.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,659 shares of the asset manager’s stock after buying an additional 5,222 shares during the period. MBL Wealth LLC’s holdings in Blackstone were worth $1,026,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. REAP Financial Group LLC acquired a new position in shares of Blackstone during the third quarter worth $26,000. Redmont Wealth Advisors LLC acquired a new position in shares of Blackstone during the third quarter worth $30,000. Strive Asset Management LLC acquired a new position in shares of Blackstone during the third quarter worth $30,000. Kelleher Financial Advisors acquired a new position in shares of Blackstone during the third quarter worth $34,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Blackstone during the second quarter worth $35,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the stock in a transaction dated Friday, March 20th. The stock was bought at an average price of $26.15 per share, for a total transaction of $75,000,004.35. Following the completion of the acquisition, the insider directly owned 18,628,295 shares in the company, valued at approximately $487,129,914.25. This trade represents a 18.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the transaction, the insider directly owned 25,832 shares in the company, valued at $90,670.32. The trade was a 99.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is currently owned by company insiders.

Blackstone Price Performance

Shares of NYSE:BX opened at $112.58 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a twelve month low of $101.73 and a twelve month high of $190.09. The firm has a market capitalization of $83.55 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 0.90 and a beta of 1.74. The stock’s 50 day moving average is $119.40 and its 200-day moving average is $142.41.

Blackstone (NYSE:BX) last posted its earnings results on Thursday, January 29th. The asset manager reported $1.75 earnings per share 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 company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business posted $1.69 EPS. The firm’s revenue was up 41.4% compared to the same quarter last year. Sell-side analysts forecast that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a $1.49 dividend. The ex-dividend date was Monday, February 9th. This represents a $5.96 dividend on an annualized basis and a dividend yield of 5.3%. This is a boost from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s dividend payout ratio (DPR) is currently 153.61%.

Blackstone News Summary

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone closed its flagship opportunistic credit vehicle, Blackstone Capital Opportunities Fund V (COF V), at a hard cap of over $10 billion — an oversubscribed raise that underscores strong investor demand for Blackstone’s private credit strategy and supports future fee revenue and AUM growth. Blackstone Closes Flagship Opportunistic Credit Fund
• Positive Sentiment: Blackstone is part of a consortium (with Tinicum) that agreed to acquire UK aerospace supplier Senior Plc for about £1.4B — a completed deal that reflects continued dealflow and demonstrates Blackstone’s ability to deploy capital into negotiated buyouts. Senior Plc takeover
• Neutral Sentiment: Analyses argue that recent valuation compression has masked Blackstone’s underlying earnings power and fee-generating capacity — a reminder that fundamentals (earnings, AUM growth) may be less impaired than the share price implies. Seeking Alpha analysis
• Neutral Sentiment: Post-Q4 coverage (buy/sell/hold pieces) is re-evaluating BX after solid Q4 results (beating EPS and revenue estimates); these pieces provide context but haven’t swung consensus decisively. Yahoo: Buy, Sell, or Hold Post Q4
• Negative Sentiment: Piper Sandler cut its price target to $122 and moved to a “neutral” rating, signaling more cautious near-term expectations and reducing upside expectations from current levels. Piper Sandler price target cut
• Negative Sentiment: Goldman Sachs trimmed its target to $118 and kept a “neutral” rating, another large broker lowering implied fair value and weighing on sentiment. Goldman Sachs price target cut
• Negative Sentiment: Market pieces note that shares “stumbled” on closing-related items and continued investor wariness; coupled with the multi-month drop, sentiment remains fragile and leaves BX vulnerable to further downgrades or volatility. Baystreet: Shares stumble

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BX shares. The Goldman Sachs Group cut their price target on shares of Blackstone from $158.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday. Barclays dropped their target price on shares of Blackstone from $164.00 to $126.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. UBS Group dropped their target price on shares of Blackstone from $171.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Royal Bank Of Canada began coverage on shares of Blackstone in a report on Monday, February 23rd. They issued an “outperform” rating and a $179.00 target price on the stock. Finally, Evercore dropped their target price on shares of Blackstone from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, January 30th. Ten research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Blackstone currently has a consensus rating of “Hold” and an average target price of $160.38.

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.