5,065 Blackstone Inc. $BX Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in Blackstone Inc. (NYSE:BX) by 38.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,076 shares of the asset manager’s stock after selling 5,065 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Blackstone were worth $905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Altus USA Inc. bought a new position in Blackstone in the 2nd quarter worth $26,000. Bell Investment Advisors Inc bought a new stake in Blackstone during the second quarter valued at about $30,000. Addison Advisors LLC purchased a new position in shares of Blackstone in the second quarter valued at about $30,000. NBH Bank bought a new position in shares of Blackstone in the second quarter worth about $30,000. Finally, West Branch Capital LLC boosted its stake in shares of Blackstone by 26,600.0% in the second quarter. West Branch Capital LLC now owns 267 shares of the asset manager’s stock worth $31,000 after acquiring an additional 266 shares during the period. 70.00% of the stock is owned by hedge funds and other institutional investors.

Blackstone Stock Performance

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

Blackstone (NYSE:BX) last issued its quarterly earnings results on Thursday, October 22nd. The asset manager reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. Sell-side analysts predict that Blackstone Inc. will post 5.85 earnings per share for the current year.

Blackstone Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be issued a $1.12 dividend. This is a drop from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date is Monday, November 2nd. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. Blackstone’s dividend payout ratio (DPR) is 114.67%.

Key Headlines Impacting 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 Activity

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 3,767,776 shares of Blackstone stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $2.94, for a total transaction of $11,077,261.44. Following the completion of the transaction, the insider directly owned 16,120 shares of the company’s stock, valued at approximately $47,392.80. The trade was a 99.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Baratta sold 100,000 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $123.80, for a total transaction of $12,380,000.00. Following the transaction, the director owned 771,599 shares in the company, valued at $95,523,956.20. The trade was a 11.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 464,792 shares of company stock worth $12,205,945 and sold 4,077,276 shares worth $37,573,644. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BX has been the topic of several recent analyst reports. Piper Sandler set a $126.00 target price on Blackstone in a research note on Friday. HSBC reissued a “hold” rating and issued a $135.00 price target on shares of Blackstone in a report on Monday, July 20th. Keefe, Bruyette & Woods upgraded Blackstone to a “hold” rating in a research report on Monday, July 20th. Wells Fargo & Company began coverage on Blackstone in a report on Friday, October 2nd. They issued an “equal weight” rating and a $122.00 target price on the stock. Finally, BNP Paribas Exane decreased their target price on Blackstone from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $144.57.

Blackstone 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.