Blackstone Inc. $BX Shares Bought by MBL Wealth LLC

MBL Wealth LLC raised its position in Blackstone Inc. (NYSE:BX) by 363.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,659 shares of the asset manager’s stock after acquiring an additional 5,222 shares during the quarter. MBL Wealth LLC’s holdings in Blackstone were worth $1,026,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BX. Modera Wealth Management LLC lifted its stake in Blackstone by 1.1% during the fourth quarter. Modera Wealth Management LLC now owns 19,628 shares of the asset manager’s stock worth $3,026,000 after purchasing an additional 218 shares during the last quarter. South Shore Capital Advisors purchased a new stake in Blackstone during the fourth quarter worth approximately $504,000. Ameliora Wealth Management Ltd. lifted its stake in Blackstone by 6.0% during the fourth quarter. Ameliora Wealth Management Ltd. now owns 3,909 shares of the asset manager’s stock worth $603,000 after purchasing an additional 222 shares during the last quarter. First United Bank & Trust lifted its stake in Blackstone by 5.3% during the fourth quarter. First United Bank & Trust now owns 13,263 shares of the asset manager’s stock worth $2,044,000 after purchasing an additional 663 shares during the last quarter. Finally, StrongBox Wealth LLC lifted its stake in Blackstone by 4.5% during the fourth quarter. StrongBox Wealth LLC now owns 22,298 shares of the asset manager’s stock worth $3,437,000 after purchasing an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insider Activity at Blackstone

In related news, 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Holdings Iv Gp Mana Blackstone acquired 2,868,069 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average cost of $26.15 per share, for a total transaction of $75,000,004.35. Following the completion of the purchase, the insider directly owned 18,628,295 shares of the company’s stock, valued at $487,129,914.25. The trade was a 18.20% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is currently owned by insiders.

Blackstone Stock Up 0.3%

Shares of BX opened at $112.58 on Wednesday. The firm’s 50 day moving average is $119.40 and its 200-day moving average is $142.41. The stock has a market capitalization of $83.55 billion, a PE ratio of 29.02, a P/E/G ratio of 0.90 and a beta of 1.74. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 12 month low of $101.73 and a 12 month high of $190.09.

Blackstone (NYSE:BX) last announced its quarterly earnings data 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. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The firm’s quarterly revenue was up 41.4% compared to the same quarter last year. During the same period last year, the firm posted $1.69 earnings per share. Equities research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were paid a $1.49 dividend. This represents a $5.96 dividend on an annualized basis and a yield of 5.3%. This is a positive change from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date of this dividend was Monday, February 9th. Blackstone’s payout ratio is 153.61%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. TD Cowen decreased their target price on Blackstone from $183.00 to $164.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. BNP Paribas Exane cut their price target on Blackstone from $167.00 to $156.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Piper Sandler cut their price target on Blackstone from $158.00 to $122.00 and set a “neutral” rating on the stock in a research report on Tuesday. Argus cut their price target on Blackstone from $195.00 to $163.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Finally, Evercore dropped their target price on Blackstone from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Blackstone has an average rating of “Hold” and an average price target of $160.38.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone closed its flagship opportunistic credit vehicle, Blackstone Capital Opportunities Fund V (COF V), at a hard cap of over $10 billion — an oversubscribed raise that underscores strong investor demand for Blackstone’s private credit strategy and supports future fee revenue and AUM growth. Blackstone Closes Flagship Opportunistic Credit Fund
• Positive Sentiment: Blackstone is part of a consortium (with Tinicum) that agreed to acquire UK aerospace supplier Senior Plc for about £1.4B — a completed deal that reflects continued dealflow and demonstrates Blackstone’s ability to deploy capital into negotiated buyouts. Senior Plc takeover
• Neutral Sentiment: Analyses argue that recent valuation compression has masked Blackstone’s underlying earnings power and fee-generating capacity — a reminder that fundamentals (earnings, AUM growth) may be less impaired than the share price implies. Seeking Alpha analysis
• Neutral Sentiment: Post-Q4 coverage (buy/sell/hold pieces) is re-evaluating BX after solid Q4 results (beating EPS and revenue estimates); these pieces provide context but haven’t swung consensus decisively. Yahoo: Buy, Sell, or Hold Post Q4
• Negative Sentiment: Piper Sandler cut its price target to $122 and moved to a “neutral” rating, signaling more cautious near-term expectations and reducing upside expectations from current levels. Piper Sandler price target cut
• Negative Sentiment: Goldman Sachs trimmed its target to $118 and kept a “neutral” rating, another large broker lowering implied fair value and weighing on sentiment. Goldman Sachs price target cut
• Negative Sentiment: Market pieces note that shares “stumbled” on closing-related items and continued investor wariness; coupled with the multi-month drop, sentiment remains fragile and leaves BX vulnerable to further downgrades or volatility. Baystreet: Shares stumble

Blackstone 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.