Natixis Advisors LLC lifted its stake in shares of Blackstone Inc. (NYSE:BX – Free Report) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 992,449 shares of the asset manager’s stock after acquiring an additional 152,048 shares during the quarter. Natixis Advisors LLC’s holdings in Blackstone were worth $152,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. REAP Financial Group LLC bought a new position in shares of Blackstone during the third quarter worth about $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Blackstone during the third quarter worth about $30,000. Strive Asset Management LLC bought a new position in shares of Blackstone during the third quarter worth about $30,000. Family CFO Inc bought a new stake in Blackstone in the fourth quarter worth approximately $28,000. Finally, Ares Financial Consulting LLC bought a new stake in Blackstone in the fourth quarter worth approximately $28,000. 70.00% of the stock is currently owned by institutional investors.
Blackstone Trading Up 0.0%
Shares of Blackstone stock opened at $117.00 on Tuesday. The stock has a market capitalization of $86.92 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 1.27 and a beta of 1.63. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.76 and a current ratio of 0.76. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $190.09. The stock has a 50 day moving average price of $118.75 and a two-hundred day moving average price of $132.41.
Blackstone Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.64 annualized dividend and a dividend yield of 4.0%. Blackstone’s payout ratio is presently 118.67%.
Insider Activity at Blackstone
In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of Blackstone stock in a transaction that occurred on Tuesday, March 17th. The stock was 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 of the company’s stock, valued at $90,670.32. The trade was a 99.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vikrant Sawhney sold 30,014 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $125.79, for a total value of $3,775,461.06. Following the completion of the transaction, the insider directly owned 899,669 shares in the company, valued at approximately $113,169,363.51. This represents a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have bought 12,355,303 shares of company stock valued at $264,789,896 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on BX. Citizens Jmp lowered their target price on Blackstone from $195.00 to $190.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. Dbs Bank upgraded Blackstone to a “moderate buy” rating in a report on Wednesday, May 27th. Rothschild & Co Redburn lowered their target price on Blackstone from $138.00 to $134.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Argus lowered their target price on Blackstone from $163.00 to $146.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, Evercore reiterated an “outperform” rating and issued a $150.00 target price on shares of Blackstone in a report on Tuesday, April 21st. Twelve investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Blackstone has a consensus rating of “Hold” and a consensus price target of $151.05.
View Our Latest Stock Analysis on Blackstone
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.
Featured Articles
- Five stocks we like better than Blackstone
- Why 1 Little-Known ETF Is Riding the AI Chip Shortage
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
- Drone Stocks Soar As Pentagon Considers Funding, Including a Trump-Linked Name
- Braze Blazes Ahead on Q1 2027 Earnings Beat, Raised Guidance
Want to see what other hedge funds are holding BX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Inc. (NYSE:BX – Free Report).
Receive News & Ratings for Blackstone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone and related companies with MarketBeat.com's FREE daily email newsletter.
