Capital Research Global Investors Purchases 3,178,133 Shares of Blackstone Inc. $BX

Capital Research Global Investors lifted its position in Blackstone Inc. (NYSE:BX) by 99.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,381,767 shares of the asset manager’s stock after buying an additional 3,178,133 shares during the quarter. Capital Research Global Investors’ holdings in Blackstone were worth $983,690,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BX. REAP Financial Group LLC acquired a new stake in Blackstone in the 3rd quarter worth approximately $26,000. Family CFO Inc acquired a new position in shares of Blackstone during the fourth quarter worth approximately $28,000. Ares Financial Consulting LLC bought a new stake in shares of Blackstone during the fourth quarter valued at approximately $28,000. Richardson Financial Services Inc. bought a new stake in shares of Blackstone during the fourth quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Blackstone during the third quarter valued at approximately $30,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BX shares. Barclays lowered their price target on Blackstone from $126.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Piper Sandler increased their target price on Blackstone from $122.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. The Goldman Sachs Group cut their price target on Blackstone from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Blackstone from $156.00 to $146.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Finally, Dbs Bank upgraded Blackstone to a “moderate buy” rating in a report on Wednesday, May 27th. Twelve investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $151.05.

Blackstone Stock Down 2.7%

BX stock opened at $115.40 on Friday. Blackstone Inc. has a twelve month low of $101.73 and a twelve month high of $190.09. The company has a market cap of $85.73 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 1.25 and a beta of 1.59. The business has a 50 day moving average price of $119.22 and a two-hundred day moving average price of $131.72. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.66.

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

Blackstone Cuts Dividend

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

Key Headlines Impacting Blackstone

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

Insider Buying and Selling at Blackstone

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of Blackstone stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the completion of the sale, the insider directly owned 25,832 shares of the company’s stock, valued at approximately $90,670.32. This trade represents a 99.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Holdings Iv Gp Mana Blackstone purchased 2,868,069 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of $26.15 per share, with a total value of $75,000,004.35. Following the completion of the acquisition, the insider owned 18,628,295 shares in the company, valued at $487,129,914.25. The trade was a 18.20% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 12,355,303 shares of company stock worth $264,789,896 in the last 90 days. Company insiders own 1.00% of the company’s stock.

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.