Blackstone Inc. $BX Stock Holdings Lifted by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its position in shares of Blackstone Inc. (NYSE:BX) by 22.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,345 shares of the asset manager’s stock after purchasing an additional 12,856 shares during the period. Wealthfront Advisers LLC’s holdings in Blackstone were worth $12,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. REAP Financial Group LLC purchased a new stake in Blackstone in the 3rd quarter worth about $26,000. Traub Capital Management LLC purchased a new stake in shares of Blackstone in the second quarter worth approximately $27,000. Parvin Asset Management LLC acquired a new stake in shares of Blackstone during the second quarter worth approximately $35,000. Rexford Capital Inc. acquired a new position in Blackstone in the 2nd quarter valued at approximately $35,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of Blackstone during the 3rd quarter valued at $45,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Key Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Big increase in Anthropic stake boosts BX’s AI exposure — reports say Blackstone has raised its investment in AI chatbot maker Anthropic to roughly $1 billion (implying continued balance-sheet commitment to high-growth AI assets and potential long-term upside). Blackstone boosts stake in Anthropic
• Positive Sentiment: Large debt package to Australian AI-infrastructure developer Firmus (reported as a $10B financing with Coatue) highlights BX’s originations/lending scale into AI infrastructure, supporting fee and interest-income growth. Firmus financing
• Positive Sentiment: Management pivoting toward data centers and healthtech signals allocation into secular growth sectors (could support higher valuation multiples if executed). Blackstone targets data centers and healthtech
• Neutral Sentiment: Brookfield is reportedly in talks to buy Fidere (BX’s hospitality/real estate stake) for about $1.2B — a sale could crystallize value or reduce recurring earnings depending on price and use of proceeds. Brookfield talks to buy Fidere
• Neutral Sentiment: Transcript from Blackstone’s Bank of America presentation is available — useful for details on fee cadence, deal pipeline and distribution outlook but contains no single market-moving surprise. BofA conference transcript
• Neutral Sentiment: Founder Steve Schwarzman’s push to build a major private foundation is a governance/capital-allocation signal but unlikely to materially affect near-term earnings. Schwarzman foundation plans
• Negative Sentiment: Jefferies trimmed its BX price target from $185 to $161 while keeping a buy rating — a sign analysts are downgrading upside expectations even if conviction remains. Jefferies lowers price target

Blackstone Trading Up 1.8%

NYSE:BX opened at $133.78 on Wednesday. The company’s 50 day moving average is $151.36 and its 200-day moving average is $158.84. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 12 month low of $115.66 and a 12 month high of $190.09. The firm has a market cap of $98.79 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 1.02 and a beta of 1.76.

Blackstone (NYSE:BX) last posted its earnings results on Thursday, January 29th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.21. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the business posted $1.69 EPS. Blackstone’s revenue was up 41.4% compared to the same quarter last year. Equities analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 9th will be paid a dividend of $1.49 per share. This represents a $5.96 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, February 9th. This is a positive change from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s dividend payout ratio is currently 153.61%.

Wall Street Analyst Weigh In

BX has been the topic of a number of research reports. Jefferies Financial Group cut their price objective on Blackstone from $185.00 to $161.00 and set a “buy” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their price target on Blackstone from $164.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Morgan Stanley increased their price objective on Blackstone from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Royal Bank Of Canada set a $195.00 target price on shares of Blackstone in a research note on Friday, January 30th. Finally, Citigroup restated a “market outperform” rating on shares of Blackstone in a research note on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Blackstone has an average rating of “Moderate Buy” and an average price target of $173.68.

Insider Activity at Blackstone

In related news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. Following the completion of the transaction, the insider directly owned 2,161 shares in the company, valued at $21,610. This represents a 99.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Holdings Iv Gp Mana Blackstone purchased 385,208 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was bought at an average price of $25.96 per share, for a total transaction of $9,999,999.68. Following the completion of the transaction, the insider directly owned 16,332,883 shares in the company, valued at approximately $424,001,642.68. The trade was a 2.42% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.00% of the company’s stock.

Blackstone Company Profile

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.