Key Points
- Blackstone’s major shareholder increased its stake by purchasing 191,695 shares for approximately $5.02 million at an average price of $26.17, bringing its holdings to 8.9 million shares.
- Blackstone reported quarterly EPS of $1.52, beating estimates of $1.34, while revenue rose 35.9% year over year to $5.04 billion.
- The company raised its quarterly dividend to $1.29 per share, or $5.16 annualized, representing a 4.4% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $148.71.
Blackstone Inc. (NYSE:BX - Get Free Report) major shareholder Holdings Iv L.P. Blackstone acquired 191,695 shares of the company's stock in a transaction dated Wednesday, September 23rd. The stock was acquired at an average cost of $26.17 per share, with a total value of $5,016,658.15. Following the transaction, the insider directly owned 8,895,478 shares of the company's stock, valued at approximately $232,794,659.26. This represents a 2.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Holdings Iv L.P. Blackstone also recently made the following trade(s):
- On Friday, August 21st, Holdings Iv L.P. Blackstone purchased 272,642 shares of Blackstone stock. The shares were acquired at an average cost of $26.14 per share, with a total value of $7,126,861.88.
Blackstone Trading Down 1.7%
NYSE:BX opened at $117.19 on Friday. The business's 50-day moving average is $133.97 and its two-hundred day moving average is $123.89. The firm has a market capitalization of $87.97 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.39 and a beta of 1.56. Blackstone Inc. has a 12 month low of $101.73 and a 12 month high of $178.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.72 and a quick ratio of 0.72.
Blackstone (NYSE:BX - Get Free Report) last posted its earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.18. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $3.42 billion. Blackstone had a return on equity of 23.77% and a net margin of 21.84%.The company's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. Research analysts predict that Blackstone Inc. will post 5.99 earnings per share for the current fiscal year.
Blackstone Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a dividend of $1.29 per share. This is an increase from Blackstone's previous quarterly dividend of $1.16. This represents a $5.16 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Monday, August 3rd. Blackstone's payout ratio is 115.44%.
More Blackstone News
Here are the key news stories impacting Blackstone this week:
- Positive Sentiment: New private-markets fund could expand fee-earning assets. Blackstone launched BXPM, a perpetual fund designed to give investors simplified, single-allocation access to its private-equity, private-credit, infrastructure and real-estate strategies. The product may broaden distribution and support long-term fundraising and management-fee growth. Blackstone Announces Third-Quarter 2026 Investor Call
- Positive Sentiment: Blackstone expanded its renewable-energy exposure. The company completed the purchase of a 24.7% stake in Europe-based Eurowind Energy, adding to its energy-transition investment portfolio and potentially creating future realization opportunities. Blackstone closes buy of 24.7 percent stake in Eurowind Energy
- Neutral Sentiment: Blackstone scheduled its third-quarter 2026 investor call. The announcement is routine, but the call could provide updates on fundraising, realizations, asset performance and the BXPM launch. Third-quarter 2026 investor call announcement
- Neutral Sentiment: Barclays maintained a Hold rating. Its $119 price target indicates limited near-term upside relative to recent trading levels, reinforcing a cautious view without representing a new downgrade. Barclays remains a Hold on Blackstone
- Negative Sentiment: Macro and sector pressures appear to be the main drag. Higher government-bond yields, firmer oil prices and risk reduction across alternative-asset managers pressured BX and peers. That weakness overshadowed Blackstone’s preliminary expectation of more than $350 million in third-quarter realization-related revenue, approximately 90% from realized performance revenues. Blackstone slides as sector pressure outweighs realization update
- Negative Sentiment: Discounted tender offers highlight private-credit valuation concerns. Cox Capital’s offers for shares of Blackstone- and BlackRock-managed private-credit funds at discounts to net asset value may reinforce investor concerns about liquidity and pricing in private markets. Cox Capital launches tender offers for private-credit funds
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Rothschild & Co Redburn dropped their price target on shares of Blackstone from $134.00 to $130.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 9th. Citizens Jmp lowered their target price on Blackstone from $190.00 to $165.00 and set a "market outperform" rating for the company in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Blackstone in a research note on Monday, June 8th. They issued a "buy" rating on the stock. JPMorgan Chase & Co. lowered their price objective on Blackstone from $136.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, July 16th. Finally, HSBC reaffirmed a "hold" rating and issued a $135.00 target price on shares of Blackstone in a research report on Monday, July 20th. Thirteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $148.71.
Read Our Latest Stock Analysis on Blackstone
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Jupiter Topco LLC purchased a new stake in shares of Blackstone in the second quarter valued at $221,478,000. Manning & Napier Advisors LLC purchased a new position in shares of Blackstone during the second quarter valued at $8,667,000. Vanguard Personalized Indexing Management LLC lifted its stake in Blackstone by 9.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 100,951 shares of the asset manager's stock worth $15,561,000 after acquiring an additional 8,321 shares in the last quarter. Matrix Private Capital Group LLC acquired a new stake in Blackstone during the 1st quarter worth about $1,340,000. Finally, Marble Wealth LLC acquired a new position in shares of Blackstone in the 4th quarter valued at about $7,303,000. Institutional investors and hedge funds own 70.00% of the company's stock.
About Blackstone
(
Get Free Report)
Blackstone Inc is a global alternative asset management firm that provides investment management and advisory services to institutions, corporations, and individual investors. The company invests across multiple asset classes, including private equity, real estate, credit, infrastructure, insurance solutions, and hedge fund solutions.
Its investment activities include acquiring and managing businesses, commercial and residential properties, infrastructure assets, and credit investments.
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