6,283 Blackstone Inc. $BX Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co trimmed its position in shares of Blackstone Inc. (NYSE:BX) by 5.1% during the 3rd quarter, Holdings Channel reports. The fund owned 116,057 shares of the asset manager’s stock after selling 6,283 shares during the period. WASHINGTON TRUST Co’s holdings in Blackstone were worth $13,009,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. River Street Advisors LLC grew its holdings in shares of Blackstone by 3.9% in the third quarter. River Street Advisors LLC now owns 26,414 shares of the asset manager’s stock valued at $2,961,000 after purchasing an additional 984 shares in the last quarter. Royal Fund Management LLC raised its stake in Blackstone by 8.2% during the third quarter. Royal Fund Management LLC now owns 65,212 shares of the asset manager’s stock valued at $7,310,000 after purchasing an additional 4,930 shares in the last quarter. Culbertson A N & Co. Inc. raised its stake in Blackstone by 6.6% during the third quarter. Culbertson A N & Co. Inc. now owns 15,128 shares of the asset manager’s stock valued at $1,696,000 after purchasing an additional 935 shares in the last quarter. Root Financial Partners LLC bought a new position in Blackstone during the third quarter valued at $93,000. Finally, Adams Diversified Equity Fund Inc. purchased a new position in shares of Blackstone in the 3rd quarter worth $14,908,000. 70.00% of the stock is currently owned by institutional investors.

Blackstone Trading Down 0.6%

BX stock traded down $0.74 during mid-day trading on Friday, reaching $118.01. 7,208,333 shares of the stock traded hands, compared to its average volume of 5,925,554. Blackstone Inc. has a one year low of $101.73 and a one year high of $165.14. The stock has a market capitalization of $88.58 billion, a PE ratio of 26.22, a PEG ratio of 1.47 and a beta of 1.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.72 and a current ratio of 0.71. The business has a 50-day moving average price of $124.91 and a two-hundred day moving average price of $124.11.

Blackstone (NYSE:BX) last released its earnings results on Thursday, October 22nd. The asset manager reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.06. Blackstone had a net margin of 22.11% and a return on equity of 23.16%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter last year, the business earned $0.80 EPS. The business’s revenue was down .8% on a year-over-year basis. Equities research analysts expect that Blackstone Inc. will post 5.85 EPS for the current year.

Blackstone Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Monday, November 2nd will be given a $1.12 dividend. This is a decrease from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. Blackstone’s dividend payout ratio is currently 114.67%.

Blackstone News Roundup

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone reported third-quarter distributable earnings of $1.32 per share, exceeding the $1.26 analyst consensus. Assets under management reached approximately $1.37 trillion, while net inflows exceeded $63 billion and fee-related earnings increased 6%. Blackstone Inc. surpasses Q3 earnings and revenue estimates
• Positive Sentiment: Management highlighted accelerating fee growth, strong fundraising and substantial opportunities in AI data centers and digital infrastructure. Blackstone’s infrastructure assets reportedly grew 40% year over year, reinforcing the longer-term growth narrative. BX Q3 earnings call highlights AI opportunities and fee growth
• Positive Sentiment: Blackstone’s financing of CoreWeave has positioned it to benefit from the rapidly expanding market for debt backed by AI chips and data-center infrastructure. Blackstone’s CoreWeave bet and AI lending boom
• Neutral Sentiment: JPMorgan lowered its BX price target modestly to $135 and maintained a Neutral rating, signaling potential upside but limited conviction after the earnings report. JPMorgan Blackstone rating and price target
• Negative Sentiment: Distributable earnings declined 13% year over year as choppy markets reduced investment exits; private-equity asset-sale proceeds fell sharply. Revenue also came in below some analyst estimates, highlighting pressure on realization-driven profits. Blackstone’s core businesses hit by rising rates
• Negative Sentiment: Blackstone declared a quarterly dividend of $1.12 per share, down from $1.29 previously. The 13.2% reduction may weigh on income-focused investors despite the approximately 3.8% indicated yield. Blackstone dividend analysis

Insider Buying and Selling

In other Blackstone news, CAO David Payne sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $145.23, for a total value of $1,379,685.00. Following the completion of the sale, the chief accounting officer owned 64,448 shares of the company’s stock, valued at $9,359,783.04. This trade represents a 12.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $16.40, for a total value of $2,043,440.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders bought 464,792 shares of company stock worth $12,205,945 and sold 4,077,276 shares worth $37,573,644. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

BX has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Blackstone in a research report on Thursday. Citigroup reiterated a “market outperform” rating on shares of Blackstone in a research report on Friday. Piper Sandler set a $126.00 price objective on Blackstone in a research note on Friday. JPMorgan Chase & Co. decreased their price objective on Blackstone from $136.00 to $135.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of Blackstone in a research note on Wednesday. Thirteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.57.

Blackstone Company Profile

Blackstone Inc (NYSE:BX) is a global alternative asset management firm that provides investment and advisory services to institutional investors, companies, and qualified individual investors. The company manages capital across private equity, real estate, credit and insurance, infrastructure, hedge fund solutions, secondaries, and growth-oriented investments.

Blackstone invests in and manages portfolios of businesses, properties, infrastructure assets, and credit instruments across a range of industries.