Blackstone Inc. $BX Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in shares of Blackstone Inc. (NYSE:BX) by 3.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,117,529 shares of the asset manager’s stock after selling 44,097 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Blackstone were worth $128,505,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in BX. CMC Financial Group acquired a new position in shares of Blackstone in the first quarter valued at approximately $471,000. Oslo Pensjonsforsikring AS acquired a new stake in shares of Blackstone during the first quarter worth $45,000. Andra AP fonden increased its stake in Blackstone by 265.5% in the 1st quarter. Andra AP fonden now owns 61,400 shares of the asset manager’s stock valued at $7,060,000 after buying an additional 44,600 shares during the period. Wilkerson Advisory Group LLC raised its position in Blackstone by 105.9% during the 1st quarter. Wilkerson Advisory Group LLC now owns 280 shares of the asset manager’s stock worth $32,000 after buying an additional 144 shares during the last quarter. Finally, AlTi Global Inc. lifted its stake in shares of Blackstone by 36.7% in the 1st quarter. AlTi Global Inc. now owns 5,682 shares of the asset manager’s stock worth $653,000 after acquiring an additional 1,524 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone, Wellington Management, and Vanguard launched two new investment solutions that simplify access to public and private markets, potentially broadening distribution and supporting future fee growth. Article Title
• Positive Sentiment: Blackstone also expanded its strategic push into India infrastructure and AI services, highlighting new growth avenues beyond its core asset-management business. Article Title
• Neutral Sentiment: Investors are waiting for Blackstone’s earnings release, which is expected to provide fresh guidance on fundraising, realizations, and performance across private equity, credit, and real estate. Article Title
• Neutral Sentiment: Keefe, Bruyette & Woods upgraded Blackstone to hold, suggesting a more balanced near-term view rather than a strongly bullish catalyst. Article Title
• Negative Sentiment: Some coverage suggests Blackstone’s private-market products are launching after an exodus from similar private credit funds earlier this year, which may keep investor sentiment cautious around new offerings. Article Title

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Blackstone from $126.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Argus lowered their price objective on Blackstone from $163.00 to $146.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. The Goldman Sachs Group cut their target price on Blackstone from $116.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Keefe, Bruyette & Woods upgraded Blackstone to a “hold” rating in a research note on Monday. Finally, BNP Paribas Exane cut their price objective on Blackstone from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Thirteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.71.

Blackstone Trading Down 1.0%

Shares of Blackstone stock opened at $122.85 on Thursday. The company has a 50-day moving average of $120.06 and a two-hundred day moving average of $125.05. Blackstone Inc. has a 12-month low of $101.73 and a 12-month high of $190.09. 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 stock has a market cap of $91.26 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 1.35 and a beta of 1.58.

Blackstone (NYSE:BX) last released its quarterly earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 EPS. On average, research analysts anticipate that Blackstone Inc. will post 5.85 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total value of $28,264,950.00. Following the completion of the transaction, the insider owned 19,374 shares in the company, valued at $73,233.72. This trade represents a 99.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Private Multi-Asset Blackstone acquired 765,111 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average price of $26.14 per share, for a total transaction of $20,000,001.54. Following the completion of the transaction, the insider directly owned 7,882,145 shares in the company, valued at approximately $206,039,270.30. This represents a 10.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 10,252,345 shares of company stock valued at $209,789,893 in the last three months. 1.00% of the stock is owned by insiders.

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.