Lido Advisors LLC Lowers Holdings in Blackstone Inc. $BX

Lido Advisors LLC lowered its holdings in shares of Blackstone Inc. (NYSE:BX) by 26.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,522 shares of the asset manager’s stock after selling 29,676 shares during the quarter. Lido Advisors LLC’s holdings in Blackstone were worth $9,489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Family CFO Inc purchased a new position in shares of Blackstone in the fourth quarter worth $28,000. Ares Financial Consulting LLC purchased a new position in Blackstone during the fourth quarter valued at $28,000. Richardson Financial Services Inc. bought a new stake in Blackstone in the 4th quarter valued at $29,000. Strive Asset Management LLC bought a new position in shares of Blackstone during the 3rd quarter valued at about $30,000. Finally, Palladiem LLC purchased a new position in shares of Blackstone during the fourth quarter valued at about $31,000. 70.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total value of $28,264,950.00. Following the transaction, the insider owned 19,374 shares of the company’s stock, valued at $73,233.72. This trade represents a 99.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Vikrant Sawhney sold 30,014 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $125.79, for a total transaction of $3,775,461.06. Following the completion of the sale, the insider directly owned 899,669 shares of the company’s stock, valued at approximately $113,169,363.51. This trade represents a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have bought 10,252,345 shares of company stock valued at $209,789,893. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on BX. Jefferies Financial Group boosted their target price on Blackstone from $143.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group reduced their price objective on Blackstone from $116.00 to $114.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Evercore reiterated an “outperform” rating and set a $150.00 target price on shares of Blackstone in a research report on Tuesday, April 21st. BMO Capital Markets boosted their price target on shares of Blackstone from $126.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Finally, TD Cowen decreased their price target on shares of Blackstone from $140.00 to $133.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Blackstone presently has a consensus rating of “Moderate Buy” and an average price target of $145.71.

Blackstone News Roundup

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone reported Q2 EPS of $1.52, topping expectations, and revenue of $5.04 billion, also above forecasts, signaling stronger-than-expected operating performance. Blackstone Inc. (BX) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Assets under management reached a record $1.35 trillion, helped by strong inflows, which supports fee growth and reinforces Blackstone’s scale advantage. Blackstone’s quarterly profit gets boost from asset pile, AI investment gains
• Positive Sentiment: Management highlighted gains from AI-related investments, suggesting the firm’s early infrastructure bets are paying off and could be an important long-term growth driver. Blackstone’s Profit Surges on AI Investments
• Neutral Sentiment: Blackstone also launched new public-private market investment solutions with Wellington and Vanguard, which could broaden its reach with wealthy investors, but the near-term earnings impact is still uncertain. Wellington, Vanguard, and Blackstone Announce the Launch of Two Investment Solutions
• Neutral Sentiment: Some headlines noted pressure in private credit fundraising and broader market concerns around rates, oil, and geopolitical risk, but these were outweighed by the company’s strong quarterly results. Blackstone’s quarterly profit gets boost from asset pile, AI investment gains

Blackstone Stock Performance

Shares of NYSE:BX opened at $124.67 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $92.61 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 1.33 and a beta of 1.58. Blackstone Inc. has a 12 month low of $101.73 and a 12 month high of $190.09. The firm’s 50-day moving average is $120.10 and its 200 day moving average is $124.81.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.18. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. Research analysts predict that Blackstone Inc. will post 5.85 EPS for the current year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be given a $1.29 dividend. This is a boost from Blackstone’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $5.16 annualized dividend and a yield of 4.1%. Blackstone’s dividend payout ratio is currently 118.67%.

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.