Leonteq Securities AG Takes $1.05 Million Position in Blackstone Inc. $BX

Leonteq Securities AG acquired a new position in shares of Blackstone Inc. (NYSE:BX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,781 shares of the asset manager’s stock, valued at approximately $1,045,000.

Other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new stake in Blackstone in the 3rd quarter valued at approximately $26,000. Family CFO Inc acquired a new stake in Blackstone in the 4th quarter valued at approximately $28,000. Ares Financial Consulting LLC acquired a new stake in Blackstone in the 4th quarter valued at approximately $28,000. Richardson Financial Services Inc. acquired a new stake in Blackstone in the 4th quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Blackstone during the 3rd quarter worth approximately $30,000. 70.00% of the stock is owned by institutional investors.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone announced a major joint venture with Google to build a U.S. AI data center platform focused on TPU compute-as-a-service, with Blackstone committing $5 billion in equity. Investors may view this as a meaningful long-term growth initiative tied to surging AI infrastructure demand. Blackstone Steps Deeper Into AI With Google TPUs Data Center Venture
• Positive Sentiment: A Blackstone-backed AI enterprise services company acquired Fractional AI, adding to the company’s AI ecosystem exposure and reinforcing the theme that Blackstone is expanding into artificial intelligence-related assets. Blackstone-backed AI enterprise services firm acquires Fractional AI
• Positive Sentiment: Blackstone insider Treasury Holdings disclosed a purchase of about 9.5 million shares, which can be interpreted as a strong confidence signal from a large shareholder. Insider Buying: Blackstone Major Shareholder Purchases 9,486,795 Shares of Stock
• Neutral Sentiment: Blackstone Digital Infrastructure Trust completed the full underwriter option in its IPO, bringing gross proceeds above $2 billion; this supports Blackstone’s platform expansion, but it is more of a capital-markets item than a direct catalyst for BX shares. Blackstone Digital Infrastructure Trust Announces Full Exercise and Closing of Underwriters Option
• Neutral Sentiment: Reports said Blackstone walked away from a $4 billion deal with New World Development, a setback for its deal pipeline but not necessarily a major driver of the stock by itself. Blackstone Reportedly Walks away from USD4B Deal With New World Dev

Insider Transactions at Blackstone

In other Blackstone news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the transaction, the insider directly owned 25,832 shares in the company, valued at approximately $90,670.32. This trade represents a 99.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Treasury Holdings I. Blackstone bought 9,486,795 shares of the company’s stock in a transaction on Friday, May 15th. The stock was purchased at an average price of $20.00 per share, with a total value of $189,735,900.00. Following the completion of the transaction, the insider directly owned 9,111,800 shares of the company’s stock, valued at approximately $182,236,000. The trade was a -2,529.85% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 13,502,092 shares of company stock valued at $294,789,896 and sold 9,128,660 shares valued at $46,457,920. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

BX has been the topic of several recent analyst reports. Rothschild & Co Redburn lowered their price target on Blackstone from $138.00 to $134.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Oppenheimer boosted their price target on Blackstone from $154.00 to $156.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Citigroup reaffirmed a “market outperform” rating on shares of Blackstone in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered their price target on Blackstone from $156.00 to $146.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Finally, HSBC reduced their target price on Blackstone from $164.00 to $131.00 and set a “hold” rating for the company in a research note on Friday, April 10th. Eleven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $151.05.

Blackstone Stock Performance

BX opened at $118.63 on Friday. The business has a fifty day simple moving average of $117.51 and a 200 day simple moving average of $133.72. The company has a market capitalization of $88.13 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 1.28 and a beta of 1.63. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76. Blackstone Inc. has a 1 year low of $101.73 and a 1 year high of $190.09.

Blackstone (NYSE:BX) last released its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.45 billion. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 EPS. Research analysts expect that Blackstone Inc. will post 5.89 EPS for the current year.

Blackstone Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a $1.16 dividend. The ex-dividend date was Monday, May 4th. This represents a $4.64 annualized dividend and a yield of 3.9%. Blackstone’s dividend payout ratio (DPR) is currently 118.67%.

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.