SteelPeak Wealth LLC Has $4.25 Million Position in Blackstone Inc. $BX

Posted by Brian Himes on Jul 17th, 2026

SteelPeak Wealth LLC lessened its holdings in Blackstone Inc. (NYSE:BX – Free Report) by 11.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 36,987 shares of the asset manager’s stock after selling 4,828 shares during the quarter. SteelPeak Wealth LLC’s holdings in Blackstone were worth $4,253,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Family CFO Inc bought a new position in shares of Blackstone during the 4th quarter worth approximately $28,000. Ares Financial Consulting LLC bought a new stake in Blackstone in the fourth quarter valued at $28,000. Richardson Financial Services Inc. bought a new position in shares of Blackstone during the fourth quarter valued at $29,000. Strive Asset Management LLC acquired a new stake in shares of Blackstone in the 3rd quarter valued at $30,000. Finally, Palladiem LLC bought a new stake in shares of Blackstone in the 4th quarter worth about $31,000. 70.00% of the stock is currently owned by institutional investors.

Key Blackstone News

Here are the key news stories impacting Blackstone this week:

Positive Sentiment: Several recent pieces highlight Blackstone’s upcoming quarterly report and suggest the company may beat earnings expectations again, reinforcing bullish sentiment ahead of results. Blackstone Inc. (BX) Reports Next Week: Wall Street Expects Earnings Growth
Positive Sentiment: Blackstone also drew favorable attention for earnings momentum and dividend appeal, with commentary pointing to strong fee-related earnings, large assets under management, and a solid yield profile that may keep income-focused investors interested. Blackstone: The Largest Data Center Investor Is On Sale Yielding 3.8%
Positive Sentiment: News that Blackstone is building a new APAC infrastructure platform and hiring a senior executive from KKR supports the company’s growth strategy and signals continued expansion in infrastructure investing. Blackstone creates new APAC infrastructure platform, hires Momaya from KKR
Neutral Sentiment: JPMorgan lowered its price target on Blackstone to $132 from $136 and kept a neutral rating, which suggests some caution but still implies modest upside from the current share price.
Neutral Sentiment: RBC Capital also reiterated a buy view on Blackstone, while other commentary around real estate and AI-related ventures adds to the broader narrative but does not appear to be a major immediate catalyst. RBC Capital Remains a Buy on Blackstone Group (BX)

Insider Buying and Selling

In other news, major shareholder Treasury Holdings I. Blackstone purchased 9,486,795 shares of Blackstone stock in a transaction dated Friday, May 15th. The shares were bought at an average cost 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 in the company, valued at $182,236,000. This trade represents a -2,529.85% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the completion of the sale, the insider owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. This represents a 99.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders acquired 10,252,345 shares of company stock valued at $209,789,893. 1.00% of the stock is owned by company insiders.

Blackstone Stock Up 1.3%

Shares of Blackstone stock opened at $128.73 on Friday. The business has a fifty day simple moving average of $119.85 and a 200 day simple moving average of $125.90. The stock has a market cap of $95.63 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 1.37 and a beta of 1.58. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. Blackstone Inc. has a 12 month low of $101.73 and a 12 month high of $190.09.

Blackstone (NYSE:BX – Get Free Report) last issued its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $1.11 earnings per share. Research analysts predict that Blackstone Inc. will post 5.89 EPS for the current year.

Blackstone Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors 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 dividend on an annualized basis and a yield of 3.6%. Blackstone’s payout ratio is currently 118.67%.

Wall Street Analysts Forecast Growth

BX has been the topic of a number of recent analyst reports. HSBC reduced their price target on shares of Blackstone from $164.00 to $131.00 and set a “hold” rating on the stock in a research report on Friday, April 10th. Morgan Stanley reduced their target price on Blackstone from $215.00 to $184.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. The Goldman Sachs Group dropped their price target on Blackstone from $116.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Sanford C. Bernstein started coverage on Blackstone in a research note on Monday, June 8th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on Blackstone in a research note on Monday, June 8th. They issued a “buy” rating for the company. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Blackstone presently has an average rating of “Moderate Buy” and an average target price of $146.33.

View Our Latest Stock Report on BX

About Blackstone

(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.