PNC Financial Services Group Inc. Trims Stock Position in Blackstone Inc. $BX

Posted by Francis Steltz on May 21st, 2026

PNC Financial Services Group Inc. lowered its stake in shares of Blackstone Inc. (NYSE:BX – Free Report) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,161,626 shares of the asset manager’s stock after selling 27,472 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Blackstone were worth $179,053,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Redwood Financial Network Corp boosted its holdings in shares of Blackstone by 1.8% in the 2nd quarter. Redwood Financial Network Corp now owns 3,588 shares of the asset manager’s stock valued at $537,000 after purchasing an additional 65 shares during the last quarter. Benchmark Financial Wealth Advisors LLC increased its holdings in shares of Blackstone by 0.9% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 7,748 shares of the asset manager’s stock worth $1,194,000 after buying an additional 69 shares during the last quarter. MidWestOne Financial Group Inc. boosted its holdings in Blackstone by 0.8% in the third quarter. MidWestOne Financial Group Inc. now owns 8,335 shares of the asset manager’s stock valued at $1,424,000 after acquiring an additional 70 shares during the last quarter. Parcion Private Wealth LLC increased its stake in Blackstone by 0.6% during the fourth quarter. Parcion Private Wealth LLC now owns 10,935 shares of the asset manager’s stock worth $1,686,000 after acquiring an additional 70 shares during the last quarter. Finally, Trivium Point Advisory LLC lifted its stake in shares of Blackstone by 2.6% in the 4th quarter. Trivium Point Advisory LLC now owns 2,713 shares of the asset manager’s stock valued at $418,000 after purchasing an additional 70 shares in the last quarter. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Blackstone News Summary

Here are the key news stories impacting Blackstone this week:

Positive Sentiment: Blackstone and Google launched a joint venture to create a new AI cloud company centered on Google’s Tensor Processing Units, expanding Blackstone’s exposure to AI infrastructure growth. Blackstone Announces Joint Venture with Google to Create New TPU Cloud
Positive Sentiment: Reports say Blackstone is committing $5 billion of equity to the venture, signaling a major investment in AI compute capacity and a potential new earnings growth avenue. Blackstone and Google form AI infrastructure joint venture focused on TPU cloud expansion
Positive Sentiment: Market commentary suggests the Google deal is strengthening Blackstone’s competitive position in AI infrastructure and helping fuel investor optimism around the stock. Google and Blackstone to Create New AI Cloud Company. The Stocks Are Rising.
Positive Sentiment: A large shareholder disclosed a major stock purchase, which can reinforce confidence in Blackstone’s outlook even if it is not the main day-to-day catalyst. Insider Buying: Blackstone (NYSE:BX) Major Shareholder Purchases 9,486,795 Shares of Stock
Neutral Sentiment: Blackstone’s digital infrastructure trust completed the underwriters’ option in full, bringing the IPO proceeds above $2.0 billion; this is supportive for the franchise but is a separate capital-markets event. Blackstone Digital Infrastructure Trust Announces Full Exercise and Closing of Underwriters Option to Purchase Additional Shares in Initial Public Offering
Neutral Sentiment: TD Cowen trimmed its price target to $133 from $140 but kept a Buy rating, which still implies upside despite a more cautious valuation view. Blackstone (NYSE:BX) Price Target Lowered to $133.00 at TD Cowen
Negative Sentiment: Blackstone also gave up its pursuit of the €2.5 billion Stroeer deal, a missed acquisition opportunity that may slightly weigh on M&A sentiment. Blackstone gives up pursuit of €2.5 billion Stroeer deal – Bloomberg

Insider Activity at Blackstone

In other Blackstone news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vikrant Sawhney sold 30,014 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $125.79, for a total transaction of $3,775,461.06. Following the completion of the sale, the insider directly owned 899,669 shares of the company’s stock, valued at $113,169,363.51. The trade was a 3.23% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders bought 13,502,092 shares of company stock worth $294,789,896 and sold 9,128,660 shares worth $46,457,920. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Piper Sandler increased their target price on shares of Blackstone from $122.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. HSBC dropped their price objective on shares of Blackstone from $164.00 to $131.00 and set a “hold” rating for the company in a research report on Friday, April 10th. Citigroup restated a “market outperform” rating on shares of Blackstone in a report on Friday, January 30th. Argus lowered their price target on Blackstone from $163.00 to $146.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, Zacks Research cut Blackstone from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Eleven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $151.05.

View Our Latest Analysis on Blackstone

Blackstone Price Performance

BX opened at $116.92 on Thursday. Blackstone Inc. has a twelve month low of $101.73 and a twelve month high of $190.09. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.66. The firm has a market cap of $86.86 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.25 and a beta of 1.63. The company has a fifty day simple moving average of $117.34 and a 200 day simple moving average of $133.92.

Blackstone (NYSE:BX – Get Free Report) last posted its quarterly earnings data 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. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the prior year, the company posted $1.11 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts expect that Blackstone Inc. will post 5.89 EPS for the current fiscal year.

Blackstone Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were issued a dividend of $1.16 per share. The ex-dividend date was Monday, May 4th. This represents a $4.64 annualized dividend and a yield of 4.0%. Blackstone’s payout ratio is currently 118.67%.

Blackstone Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Blackstone (NYSE:BX)

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