Vise Technologies Inc. Buys 8,032 Shares of Blackstone Inc. $BX

Vise Technologies Inc. boosted its stake in shares of Blackstone Inc. (NYSE:BX) by 21.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,826 shares of the asset manager’s stock after buying an additional 8,032 shares during the quarter. Vise Technologies Inc.’s holdings in Blackstone were worth $7,064,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Blackstone by 34.6% during the fourth quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager’s stock worth $1,365,000 after purchasing an additional 2,035 shares during the period. Sivia Capital Partners LLC boosted its position in Blackstone by 9.3% during the second quarter. Sivia Capital Partners LLC now owns 2,076 shares of the asset manager’s stock worth $310,000 after purchasing an additional 177 shares during the period. United Bank boosted its position in Blackstone by 14.7% during the second quarter. United Bank now owns 13,528 shares of the asset manager’s stock worth $2,024,000 after purchasing an additional 1,729 shares during the period. Nebula Research & Development LLC bought a new position in Blackstone during the second quarter worth about $1,124,000. Finally, Sei Investments Co. boosted its position in Blackstone by 1.9% during the second 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 during the period. Institutional investors own 70.00% of the company’s stock.

Insiders Place Their Bets

In other Blackstone news, major shareholder Holdings Iv Gp Mana Blackstone purchased 2,868,069 shares of Blackstone stock in a transaction on Friday, March 20th. The shares were acquired at an average cost of $26.15 per share, for a total transaction of $75,000,004.35. Following the completion of the transaction, the insider directly owned 18,628,295 shares of the company’s stock, valued at approximately $487,129,914.25. The trade was a 18.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Vikrant Sawhney sold 30,014 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 899,669 shares in the company, valued at $113,169,363.51. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders bought a total of 12,355,303 shares of company stock valued at $264,789,896 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Blackstone Trading Down 2.7%

Shares of BX opened at $115.40 on Friday. The firm’s 50 day simple moving average is $119.22 and its 200 day simple moving average is $131.72. The company has a market capitalization of $85.73 billion, a P/E ratio of 29.51, a P/E/G ratio of 1.29 and a beta of 1.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76. Blackstone Inc. has a 1-year low of $101.73 and a 1-year high of $190.09.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.45 billion. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. Blackstone’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $1.11 earnings per share. Sell-side analysts forecast that Blackstone Inc. will post 5.9 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, May 4th. Blackstone’s dividend payout ratio (DPR) is currently 118.67%.

Blackstone News Roundup

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone-backed AirTrunk plans to invest $30 billion in India digital infrastructure, highlighting continued growth opportunities in Blackstone’s portfolio and exposure to AI/data-center demand. Blackstone-backed AirTrunk to invest $30B in India digital infrastructure
• Positive Sentiment: Blackstone also remains active on the capital-deployment side, with a new partnership with Nippon Life and the successful IPO of Liftoff Mobile adding to the firm’s deal-making momentum. Blackstone’s Liftoff IPO And Nippon Life Deal Reshape BX Outlook
• Positive Sentiment: The stock also appeared to rebound sharply after an earlier selloff, as some investors viewed the withdrawal cap as a sign of private-credit demand pressures rather than a direct fundamental hit to earnings. Why is Blackstone stock gaining despite a withdrawal cap on its flagship fund?
• Neutral Sentiment: Peer-related headlines from other alternative-asset managers and broader private-credit redemption concerns are adding sector-wide volatility, but they do not directly change Blackstone’s reported quarterly earnings outlook. Alternative Managers Shares Slip as Cliffwater Redemption Fears Mount
• Negative Sentiment: Blackstone’s decision to limit redemptions at Blackstone Private Credit Fund is the main overhang, as it signals heavier-than-expected withdrawal demand and raises questions about liquidity across private markets. Investors Seek to Pull 10% from Blackstone’s Giant Private-Credit Fund
• Negative Sentiment: Multiple reports that redemption requests surged and that Blackstone capped withdrawals reinforced investor concern about private-credit and private-equity fund liquidity, which has weighed on BX sentiment. Redemption requests rise at Blackstone, Partners Group as private markets strain

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BX shares. Royal Bank Of Canada set a $173.00 target price on shares of Blackstone in a research report on Friday, April 24th. Argus lowered their price target on shares of Blackstone from $163.00 to $146.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. TD Cowen lowered their price target on shares of Blackstone from $140.00 to $133.00 and set a “buy” rating on the stock in a report on Monday, May 18th. HSBC lowered their price target on shares of Blackstone from $164.00 to $131.00 and set a “hold” rating on the stock in a report on Friday, April 10th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Blackstone from $142.00 to $136.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Twelve analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $151.05.

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.