Sen. Angus S. King Jr. Sells Off Shares of Blackstone Inc. (NYSE:BX)

Senator Angus S. King Jr. (Independent-Maine) recently sold shares of Blackstone Inc. (NYSE:BX). In a filing disclosed on March 24th, the Senator disclosed that they had sold between $1,001 and $15,000 in Blackstone stock on February 13th.

Senator Angus S. King Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of Autodesk (NASDAQ:ADSK) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of ON (NYSE:ONON) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of Netflix (NASDAQ:NFLX) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 2/13/2026.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 12/29/2025.
• Purchased $1,001 – $15,000 in shares of Honeywell International (NASDAQ:HON) on 12/29/2025.

Blackstone Trading Up 0.4%

NYSE:BX opened at $108.36 on Thursday. The business has a 50 day moving average price of $127.26 and a two-hundred day moving average price of $147.07. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.61. The company has a market cap of $80.42 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 0.86 and a beta of 1.79. Blackstone Inc. has a twelve month low of $101.73 and a twelve month high of $190.09.

Blackstone (NYSE:BX) last released its earnings results on Thursday, January 29th. The asset manager reported $1.75 earnings per share 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 during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the firm earned $1.69 earnings per share. The firm’s revenue for the quarter was up 41.4% compared to the same quarter last year. As a group, analysts expect that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were paid a $1.49 dividend. This represents a $5.96 annualized dividend and a yield of 5.5%. The ex-dividend date was Monday, February 9th. This is a positive change from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s dividend payout ratio (DPR) is presently 153.61%.

Institutional Trading of Blackstone

Institutional investors have recently bought and sold shares of the business. REAP Financial Group LLC bought a new stake in shares of Blackstone in the third quarter valued at approximately $26,000. Family CFO Inc acquired a new stake in Blackstone in the fourth quarter valued at approximately $28,000. Ares Financial Consulting LLC bought a new stake in shares of Blackstone during the fourth quarter worth about $28,000. Richardson Financial Services Inc. bought a new position in Blackstone during the 4th quarter worth $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Blackstone during the third quarter valued at about $30,000. Institutional investors own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BX. The Goldman Sachs Group lowered their target price on Blackstone from $166.00 to $158.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Bank of America lowered their target price on shares of Blackstone from $199.00 to $189.00 in a report on Wednesday, December 10th. Royal Bank Of Canada started coverage on shares of Blackstone in a research note on Monday, February 23rd. They issued an “outperform” rating and a $179.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on Blackstone from $158.00 to $122.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Finally, HSBC cut their target price on shares of Blackstone from $178.00 to $174.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.00.

Insider Buying and Selling

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the completion of the transaction, the insider directly owned 25,832 shares of the company’s stock, valued at approximately $90,670.32. This represents a 99.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of Blackstone stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is owned by corporate insiders.

About Senator King

Angus King (independent) is a member of the U.S. Senate from Maine. He assumed office on January 3, 2013. His current term ends on January 3, 2031.

King (independent) ran for re-election to the U.S. Senate to represent Maine. He won in the general election on November 5, 2024.

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.