Randolph Co Inc Acquires New Holdings in Blackstone Inc. $BX

Randolph Co Inc acquired a new stake in shares of Blackstone Inc. (NYSE:BX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 329,606 shares of the asset manager’s stock, valued at approximately $36,946,000. Blackstone accounts for 2.9% of Randolph Co Inc’s investment portfolio, making the stock its 13th largest holding.

Several other institutional investors have also modified their holdings of BX. BlackRock Inc. purchased a new position in shares of Blackstone in the 2nd quarter worth approximately $6,112,162,000. Bank of America Corp DE bought a new position in shares of Blackstone during the 2nd quarter valued at approximately $1,364,373,000. Legal & General Group Plc purchased a new stake in Blackstone during the 2nd quarter valued at $605,267,000. Bank of New York Mellon Corp raised its holdings in Blackstone by 8.0% during the 1st quarter. Bank of New York Mellon Corp now owns 4,520,908 shares of the asset manager’s stock valued at $519,859,000 after buying an additional 333,798 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Blackstone by 1.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,353,274 shares of the asset manager’s stock worth $512,250,000 after buying an additional 52,755 shares during the last quarter. 70.00% of the stock is owned by institutional investors.

Trending Headlines about Blackstone

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 at Blackstone

In related news, Director Joseph Baratta sold 100,000 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $123.80, for a total value of $12,380,000.00. Following the transaction, the director owned 771,599 shares of the company’s stock, valued at $95,523,956.20. This trade represents a 11.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO David Payne sold 9,500 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $145.23, for a total value of $1,379,685.00. Following the transaction, the chief accounting officer owned 64,448 shares in the company, valued at $9,359,783.04. The trade was a 12.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders purchased 464,792 shares of company stock valued at $12,205,945 and sold 4,077,276 shares valued at $37,573,644. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. HSBC reaffirmed a “hold” rating and set a $135.00 price objective on shares of Blackstone in a research note on Monday, July 20th. TD Cowen reduced their target price on shares of Blackstone from $154.00 to $144.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Royal Bank Of Canada raised their target price on shares of Blackstone from $161.00 to $169.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Citizens Jmp dropped their price target on shares of Blackstone from $190.00 to $165.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Finally, UBS Group upped their price target on shares of Blackstone from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Friday. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $144.57.

Blackstone Trading Up 0.0%

Shares of NYSE BX opened at $118.01 on Monday. Blackstone Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $165.14. 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 company has a market cap of $88.58 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.46 and a beta of 1.59. The business’s 50 day moving average price is $124.91 and its 200-day moving average price is $124.19.

Blackstone (NYSE:BX) last posted its quarterly earnings data on Thursday, October 22nd. The asset manager reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Blackstone had a return on equity of 23.16% and a net margin of 22.11%. Blackstone’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. On average, sell-side analysts expect that Blackstone Inc. will post 5.85 earnings per share for the current year.

Blackstone Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. This is a negative change from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date is Monday, November 2nd. Blackstone’s dividend payout ratio is 114.67%.

About Blackstone

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.