St. Louis Trust Co Acquires Shares of 6,621 Blackstone Inc. $BX

Posted by Brenda Bartman on May 24th, 2026

St. Louis Trust Co acquired a new stake in Blackstone Inc. (NYSE:BX – Free Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 6,621 shares of the asset manager’s stock, valued at approximately $1,021,000.

Several other large investors also recently added to or reduced their stakes in BX. Vanguard Group Inc. boosted its position in Blackstone by 1.9% in 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 buying an additional 1,335,060 shares during the period. Close Asset Management Ltd lifted its position in shares of Blackstone by 16,035.1% in the 3rd quarter. Close Asset Management Ltd now owns 1,140,264 shares of the asset manager’s stock worth $194,746,000 after purchasing an additional 1,133,197 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Blackstone by 115.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,088,786 shares of the asset manager’s stock worth $162,861,000 after purchasing an additional 583,384 shares during the period. Invesco Ltd. lifted its position in shares of Blackstone by 11.3% in the 3rd quarter. Invesco Ltd. now owns 4,107,665 shares of the asset manager’s stock worth $701,795,000 after purchasing an additional 416,933 shares during the period. Finally, State Street Corp lifted its position in shares of Blackstone by 1.3% in the 3rd quarter. State Street Corp now owns 31,362,796 shares of the asset manager’s stock worth $5,358,334,000 after purchasing an additional 412,281 shares during the period. 70.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BX has been the subject of several research reports. Barclays lowered their price target on shares of Blackstone from $126.00 to $124.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Citigroup reaffirmed a “market outperform” rating on shares of Blackstone in a research report on Friday, January 30th. UBS Group lowered their price target on shares of Blackstone from $171.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Morgan Stanley lowered their price target on shares of Blackstone from $215.00 to $184.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, Oppenheimer boosted their price objective on shares of Blackstone from $154.00 to $156.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $151.05.

Get Our Latest Analysis on BX

Insider Buying and Selling at Blackstone

In other Blackstone news, insider Vikrant Sawhney sold 30,014 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $125.79, for a total transaction of $3,775,461.06. Following the transaction, the insider owned 899,669 shares in the company, valued at approximately $113,169,363.51. This represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the transaction, the insider owned 25,832 shares in the company, valued at $90,670.32. The trade was a 99.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have acquired 13,502,092 shares of company stock worth $294,789,896 and have sold 9,128,660 shares worth $46,457,920. 1.00% of the stock is owned by company insiders.

Blackstone Trading Up 0.0%

NYSE BX opened at $118.58 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. The firm has a market cap of $88.09 billion, a PE ratio of 30.33, a price-to-earnings-growth ratio of 1.30 and a beta of 1.63. The company has a 50 day moving average price of $117.74 and a 200 day moving average price of $133.62. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $190.09.

Blackstone (NYSE:BX – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) 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 business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the prior year, the business posted $1.11 EPS. Blackstone’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Blackstone Inc. will post 5.9 EPS for the current fiscal year.

Blackstone Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were paid 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 3.9%. Blackstone’s dividend payout ratio is presently 118.67%.

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.