Kovitz Investment Group Partners LLC Has $158.39 Million Stake in Blackstone Inc. $BX

Kovitz Investment Group Partners LLC increased its stake in shares of Blackstone Inc. (NYSE:BX) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 927,062 shares of the asset manager’s stock after purchasing an additional 6,527 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Blackstone were worth $158,389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Blackstone by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 70,827,437 shares of the asset manager’s stock valued at $12,100,868,000 after acquiring an additional 1,335,060 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Blackstone by 1.4% during the second quarter. Geode Capital Management LLC now owns 16,542,863 shares of the asset manager’s stock valued at $2,462,706,000 after purchasing an additional 227,416 shares in the last quarter. Norges Bank bought a new stake in shares of Blackstone in the second quarter worth $1,071,348,000. Legal & General Group Plc grew its position in shares of Blackstone by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 4,532,941 shares of the asset manager’s stock valued at $678,037,000 after buying an additional 202,245 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Blackstone by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,200,194 shares of the asset manager’s stock valued at $628,265,000 after buying an additional 37,327 shares during the period. Institutional investors own 70.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on BX shares. TD Cowen reduced their target price on Blackstone from $183.00 to $164.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. The Goldman Sachs Group reduced their price objective 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. Evercore lowered their target price on shares of Blackstone from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, January 30th. JPMorgan Chase & Co. decreased their price target on Blackstone from $176.00 to $158.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Finally, Rothschild & Co Redburn cut their target price on Blackstone from $165.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Ten research 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, the stock has a consensus rating of “Hold” and an average target price of $170.14.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone’s perpetual private equity fund (BXPE) agreed to acquire Champions Group, a large home‑services platform — a move that grows Blackstone’s exposure to steady, everyday service businesses that are less cyclical and can generate predictable fees/cash flow. Blackstone Expands Into Essential Home Services With Champions Group Deal
• Positive Sentiment: Separate coverage highlights the same Champions Group deal specifically through BX’s perpetual private equity strategy, reinforcing management’s push into durable, yield-generating private assets — supportive for long‑term fee revenue and AUM growth. Blackstone’s (BX) Perpetual Private Equity Strategy Fund To Acquire Champions Group
• Neutral Sentiment: Blackstone disclosed multiple portfolio trades/increased stakes in large tech names (Amazon, Microsoft, Nvidia, Apple, etc.). These are portfolio-management moves by the firm’s funds — notable for transparency but not an immediate driver of BX operational performance. Blackstone Inc. boosts Amazon.com stake with 96,625 shares
• Neutral Sentiment: Analyst coverage remains mixed: Evercore ISI reiterated a buy on BX (supportive), while the consensus across brokerages sits at a “Hold” — signaling no clear analyst catalyst to push the stock sharply higher today. Evercore ISI Keeps Their Buy Rating on Blackstone Group (BX) Blackstone Given Consensus “Hold”
• Negative Sentiment: Liquidity shock in private credit after Blue Owl paused redemptions at a flagship vehicle has rippled across the sector; investors sold private‑credit names (including BX) amid fears of redemptions and mark‑to‑market pressure. This is a key reason for today’s weakness. Blue Owl’s Redemption Shift Shakes Private Credit Industry
• Negative Sentiment: Options market shows elevated bearish positioning: unusually large put buying on BX suggests traders are hedging or speculating on further downside, which can accelerate intraday selling. (Market data reported 20,972 puts traded, ~41% above normal.)

Insider Buying and Selling at Blackstone

In related news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. Following the sale, the insider 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 legal filing with the SEC, which is available at this link. Also, major shareholder Holdings Iv Gp Mana Blackstone purchased 384,468 shares of the business’s stock in a transaction on Friday, December 19th. The shares were bought at an average price of $26.01 per share, with a total value of $10,000,012.68. Following the purchase, the insider directly owned 16,525,117 shares in the company, valued at approximately $429,818,293.17. The trade was a 2.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

Blackstone Price Performance

Shares of NYSE BX opened at $121.20 on Friday. The firm has a market capitalization of $89.50 billion, a P/E ratio of 31.24, a P/E/G ratio of 0.94 and a beta of 1.76. The firm’s 50-day moving average price is $147.57 and its 200-day moving average price is $156.50. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 1-year low of $115.66 and a 1-year high of $190.09.

Blackstone (NYSE:BX) last issued 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 business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $3.69 billion. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The firm’s revenue was up 41.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.69 EPS. Equities research analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a $1.49 dividend. The ex-dividend date was Monday, February 9th. This represents a $5.96 dividend on an annualized basis and a dividend yield of 4.9%. This is an increase from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s dividend payout ratio (DPR) is 153.61%.

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.