BROOKFIELD Corp ON Buys New Position in Blackstone Inc. $BX

BROOKFIELD Corp ON bought a new stake in shares of Blackstone Inc. (NYSE:BX) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 225,542 shares of the asset manager’s stock, valued at approximately $25,935,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Blackstone by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 71,667,695 shares of the asset manager’s stock worth $11,046,859,000 after purchasing an additional 840,258 shares in the last quarter. Morgan Stanley boosted its stake in Blackstone by 2.0% during the 4th quarter. Morgan Stanley now owns 32,862,165 shares of the asset manager’s stock valued at $5,065,374,000 after purchasing an additional 636,613 shares in the last quarter. State Street Corp raised its stake in shares of Blackstone by 0.6% in the 4th quarter. State Street Corp now owns 31,542,009 shares of the asset manager’s stock worth $4,861,885,000 after buying an additional 179,213 shares in the last quarter. Norges Bank acquired a new stake in shares of Blackstone in the fourth quarter valued at $1,275,747,000. Finally, Northern Trust Corp boosted its stake in Blackstone by 4.7% during the third quarter. Northern Trust Corp now owns 7,324,989 shares of the asset manager’s stock valued at $1,251,474,000 after buying an additional 329,379 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Blackstone

In related news, Director Ruth Porat acquired 355 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of $123.04 per share, with a total value of $43,679.20. Following the completion of the transaction, the director owned 41,818 shares of the company’s stock, valued at approximately $5,145,286.72. This trade represents a 0.86% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the completion of the sale, the insider owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. The trade was a 99.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders acquired a total of 10,252,345 shares of company stock valued at $209,789,893 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Blackstone News Summary

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone beat Q2 earnings and revenue estimates, with EPS of $1.52 versus expectations around $1.33-$1.34 and revenue of $5.04 billion versus $3.42 billion expected, signaling better-than-expected operating performance. Blackstone Inc. (BX) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Assets under management hit a record $1.35 trillion, helped by nearly $70 billion in quarterly inflows, which suggests Blackstone continues to attract capital even in a tougher fundraising environment. Blackstone’s quarterly profit gets boost from asset pile, AI investment gains
• Positive Sentiment: Management highlighted that AI-related investments are starting to pay off, with gains across data centers, infrastructure, credit, and private markets boosting profit and growth prospects. BX Q2 Earnings Call Highlights AI Strategy & Fundraising Strength
• Positive Sentiment: Royal Bank of Canada raised its price target on Blackstone to $169 from $161 and kept an outperform rating, underscoring improved analyst confidence in the stock. Analyst price target update
• Neutral Sentiment: Blackstone is also in the final bidding for yacht retailer MarineMax, a potential acquisition that could expand its deal flow, though the impact on earnings is still uncertain. Blackstone, Donerail among final bidders for yacht retailer MarineMax, sources say
• Neutral Sentiment: The company also announced a higher quarterly dividend, which is supportive for income-focused investors, but this is a smaller near-term driver than the earnings beat and AI-related growth narrative. Dividend announcement

Blackstone Price Performance

Shares of NYSE:BX opened at $129.72 on Monday. The company has a market cap of $96.36 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 1.41 and a beta of 1.58. The company’s fifty day moving average is $120.33 and its two-hundred day moving average is $124.58. The company has a quick ratio of 0.76, a current ratio of 0.72 and a debt-to-equity ratio of 0.63. Blackstone Inc. has a 12-month low of $101.73 and a 12-month high of $190.09.

Blackstone (NYSE:BX) last posted its quarterly earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.18. Blackstone had a return on equity of 23.77% and a net margin of 21.84%.The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. Blackstone’s quarterly revenue was up 35.9% on a year-over-year basis. Equities analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be given a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 4.0%. This is a positive change from Blackstone’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Monday, August 3rd. Blackstone’s payout ratio is currently 103.80%.

Analyst Ratings Changes

A number of brokerages have weighed in on BX. BMO Capital Markets upped their price target on shares of Blackstone from $126.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, April 13th. The Goldman Sachs Group lifted their price objective on shares of Blackstone from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft began coverage on shares of Blackstone in a research note on Monday, June 8th. They set a “buy” rating for the company. Royal Bank Of Canada lifted their price target on shares of Blackstone from $161.00 to $169.00 and gave the stock an “outperform” rating in a research report on Friday. 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 research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Blackstone currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.76.

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.