Blackstone Inc. $BX Shares Sold by Cryder Capital Partners LLP

Cryder Capital Partners LLP reduced its position in shares of Blackstone Inc. (NYSE:BX) by 18.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 810,020 shares of the asset manager’s stock after selling 187,297 shares during the period. Blackstone comprises about 7.6% of Cryder Capital Partners LLP’s holdings, making the stock its 7th largest holding. Cryder Capital Partners LLP’s holdings in Blackstone were worth $138,392,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Traub Capital Management LLC acquired a new stake in shares of Blackstone during the second quarter worth about $27,000. Parvin Asset Management LLC purchased a new stake in Blackstone during the 2nd quarter worth approximately $35,000. Rexford Capital Inc. purchased a new position in Blackstone in the 2nd quarter valued at approximately $35,000. RMG Wealth Management LLC purchased a new position in Blackstone in the second quarter valued at $40,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in shares of Blackstone during the third quarter worth about $45,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Activity

In related news, Director Ruth Porat bought 324 shares of Blackstone stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of $146.92 per share, with a total value of $47,602.08. Following the purchase, the director owned 39,077 shares in the company, valued at $5,741,192.84. This represents a 0.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $10.00, for a total value of $15,961,420.00. Following the completion of the transaction, the insider directly owned 2,161 shares of the company’s stock, valued at approximately $21,610. This trade represents a 99.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders bought a total of 770,078 shares of company stock worth $20,058,800 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group set a $171.00 price objective on shares of Blackstone in a research report on Friday. Morgan Stanley upped their price objective on Blackstone from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Keefe, Bruyette & Woods cut their target price on Blackstone from $180.00 to $171.00 and set a “market perform” rating on the stock in a research report on Monday, October 13th. The Goldman Sachs Group dropped their price target on shares of Blackstone from $166.00 to $158.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Finally, Rothschild & Co Redburn dropped their target price on shares of Blackstone from $165.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday. Ten analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $175.33.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone reported a strong Q4: revenue and EPS beat consensus, with revenue up ~41% year-over-year, reinforcing earnings momentum and fee-related growth. MSN: Q4 results
• Positive Sentiment: Management is returning more cash to shareholders — Blackstone said shareholders will receive a bigger dividend than last year, supporting the yield/distribution narrative that appeals to income-oriented investors. Yahoo: Bigger dividend
• Positive Sentiment: Real-estate win: Anthropic signed a full-building lease at two downtown San Francisco properties owned by a Blackstone joint venture — a meaningful large-tenant commitment that helps leasing momentum and cash flow visibility in the RE portfolio. BusinessWire: Anthropic lease
• Positive Sentiment: Market commentary highlights a stronger distribution narrative for S&P 500 names tied to Blackstone’s moves, which can support investor interest in BX as a distribution/total-return play. Kalkine: distribution narrative
• Neutral Sentiment: Strategic moves under review — Blackstone is reportedly weighing exits in energy and ICT assets while exploring a stake in Indian Premier League cricket; these moves could reshape the portfolio but timing and proceeds are uncertain. Yahoo: portfolio strategy
• Negative Sentiment: Several major banks trimmed price targets (Goldman Sachs, JPMorgan, BMO, Rothschild/Redburn) which reduces near-term analyst support and likely contributed to selling pressure; some firms still rate BX outperform/neutral but at lower targets. MarketScreener: BMO MarketScreener: Redburn AmericanBankingNews: Goldman
• Negative Sentiment: Momentum/sentiment: reports note BX has been down for multiple sessions (selling streak), which can amplify declines as funds and momentum traders accelerate exits. Seeking Alpha: selling streak

Blackstone Stock Down 5.3%

Blackstone stock opened at $133.81 on Wednesday. The stock’s 50 day moving average price is $152.83 and its 200 day moving average price is $160.31. The company has a market cap of $98.81 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 1.10 and a beta of 1.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.76 and a quick ratio of 0.75. Blackstone Inc. has a 1-year low of $115.66 and a 1-year high of $190.09.

Blackstone (NYSE:BX) last released its earnings results on Thursday, January 29th. The asset manager reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.21. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $3.69 billion. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.Blackstone’s quarterly revenue was up 41.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.69 earnings per share. On average, sell-side analysts predict 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 will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th will be issued a $1.49 dividend. This represents a $5.96 annualized dividend and a yield of 4.5%. This is a positive change from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date of this dividend is Monday, February 9th. Blackstone’s dividend payout ratio is currently 132.99%.

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.