WASHINGTON TRUST Co Sells 6,283 Shares of Blackstone Inc. $BX

Posted by George Bondi on Oct 24th, 2026

WASHINGTON TRUST Co reduced its holdings in shares of Blackstone Inc. (NYSE:BX – Free Report) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,057 shares of the asset manager’s stock after selling 6,283 shares during the period. WASHINGTON TRUST Co’s holdings in Blackstone were worth $13,009,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Wellington Altus USA Inc. purchased a new stake in shares of Blackstone in the 2nd quarter worth $26,000. Addison Advisors LLC purchased a new position in Blackstone during the second quarter valued at $30,000. NBH Bank bought a new stake in Blackstone during the second quarter valued at about $30,000. Bell Investment Advisors Inc purchased a new stake in Blackstone in the second quarter worth about $30,000. Finally, West Branch Capital LLC increased its position in Blackstone by 26,600.0% in the second quarter. West Branch Capital LLC now owns 267 shares of the asset manager’s stock worth $31,000 after buying an additional 266 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised Blackstone to a “hold” rating in a research report on Monday, July 20th. HSBC reissued a “hold” rating and issued a $135.00 target price on shares of Blackstone in a report on Monday, July 20th. The Goldman Sachs Group restated a “neutral” rating and set a $128.00 target price on shares of Blackstone in a research note on Thursday. Credit Suisse Group set a $165.00 price target on shares of Blackstone in a research report on Friday. Finally, TD Cowen reduced their price objective on shares of Blackstone from $154.00 to $144.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Thirteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Blackstone presently has an average rating of “Moderate Buy” and an average price target of $144.57.

Check Out Our Latest Stock Analysis on BX

Blackstone News Summary

Here are the key news stories impacting Blackstone this week:

Positive Sentiment: Blackstone reported third-quarter distributable earnings of $1.32 per share, exceeding the $1.26 analyst consensus. Assets under management reached approximately $1.37 trillion, while net inflows exceeded $63 billion and fee-related earnings increased 6%. Blackstone Inc. surpasses Q3 earnings and revenue estimates
Positive Sentiment: Management highlighted accelerating fee growth, strong fundraising and substantial opportunities in AI data centers and digital infrastructure. Blackstone’s infrastructure assets reportedly grew 40% year over year, reinforcing the longer-term growth narrative. BX Q3 earnings call highlights AI opportunities and fee growth
Positive Sentiment: Blackstone’s financing of CoreWeave has positioned it to benefit from the rapidly expanding market for debt backed by AI chips and data-center infrastructure. Blackstone’s CoreWeave bet and AI lending boom
Neutral Sentiment: JPMorgan lowered its BX price target modestly to $135 and maintained a Neutral rating, signaling potential upside but limited conviction after the earnings report. JPMorgan Blackstone rating and price target
Negative Sentiment: Distributable earnings declined 13% year over year as choppy markets reduced investment exits; private-equity asset-sale proceeds fell sharply. Revenue also came in below some analyst estimates, highlighting pressure on realization-driven profits. Blackstone’s core businesses hit by rising rates
Negative Sentiment: Blackstone declared a quarterly dividend of $1.12 per share, down from $1.29 previously. The 13.2% reduction may weigh on income-focused investors despite the approximately 3.8% indicated yield. Blackstone dividend analysis

Blackstone Price Performance

Shares of NYSE BX traded down $0.74 during mid-day trading on Friday, reaching $118.01. The company’s stock had a trading volume of 7,208,333 shares, compared to its average volume of 5,925,554. The firm has a market capitalization of $88.58 billion, a PE ratio of 26.22, a P/E/G ratio of 1.47 and a beta of 1.59. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.71 and a quick ratio of 0.72. The stock has a fifty day moving average of $124.91 and a two-hundred day moving average of $124.11. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $165.14.

Blackstone (NYSE:BX – Get Free Report) last issued its earnings results on Thursday, October 22nd. The asset manager reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.06. Blackstone had a return on equity of 23.16% and a net margin of 22.11%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the company earned $0.80 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, sell-side analysts anticipate that Blackstone Inc. will post 5.85 EPS for the current fiscal year.

Blackstone Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be issued a dividend of $1.12 per share. This is a decrease from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. Blackstone’s payout ratio is 114.67%.

Insider Activity

In related news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the company’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $16.40, for a total transaction of $2,043,440.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Baratta sold 100,000 shares of the firm’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $123.80, for a total transaction of $12,380,000.00. Following the transaction, the director directly owned 771,599 shares of the company’s stock, valued at $95,523,956.20. The trade was a 11.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 464,792 shares of company stock valued at $12,205,945 and have sold 4,077,276 shares valued at $37,573,644. 1.00% of the stock is currently owned by corporate insiders.

About Blackstone

(Free Report)

Blackstone Inc (NYSE:BX) is a global alternative asset management firm that provides investment and advisory services to institutional investors, companies, and qualified individual investors. The company manages capital across private equity, real estate, credit and insurance, infrastructure, hedge fund solutions, secondaries, and growth-oriented investments.

Blackstone invests in and manages portfolios of businesses, properties, infrastructure assets, and credit instruments across a range of industries.