Shikiar Asset Management Inc. Sells 5,972 Shares of Blackstone Inc. $BX

Posted by Brian Himes on Jul 1st, 2026

Shikiar Asset Management Inc. cut its stake in shares of Blackstone Inc. (NYSE:BX – Free Report) by 69.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,578 shares of the asset manager’s stock after selling 5,972 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Blackstone were worth $296,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Family CFO Inc bought a new stake in Blackstone in the 4th quarter valued at about $28,000. Ares Financial Consulting LLC bought a new position in Blackstone in the fourth quarter worth approximately $28,000. Richardson Financial Services Inc. bought a new stake in shares of Blackstone during the fourth quarter valued at approximately $29,000. Strive Asset Management LLC acquired a new position in shares of Blackstone during the third quarter worth approximately $30,000. Finally, Palladiem LLC acquired a new stake in Blackstone in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Stock Up 2.2%

BX opened at $117.42 on Wednesday. Blackstone Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $190.09. The firm has a market capitalization of $87.23 billion, a P/E ratio of 30.03, a PEG ratio of 1.25 and a beta of 1.59. The company’s 50-day moving average is $120.12 and its 200 day moving average is $128.50. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76.

Blackstone (NYSE:BX – Get Free Report) last issued its quarterly earnings data 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. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the firm posted $1.11 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts expect that Blackstone Inc. will post 5.9 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The firm also recently declared 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. This represents a $4.64 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, May 4th. Blackstone’s dividend payout ratio (DPR) is presently 118.67%.

Insiders Place Their Bets

In related news, major shareholder Private Multi-Asset Blackstone purchased 765,111 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average cost of $26.14 per share, with a total value of $20,000,001.54. Following the acquisition, the insider owned 7,882,145 shares of the company’s stock, valued at $206,039,270.30. This represents a 10.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vikrant Sawhney sold 30,014 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $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 have bought 10,252,345 shares of company stock valued at $209,789,893. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BX shares. BNP Paribas Exane lowered their price objective on shares of Blackstone from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday. Barclays decreased their target price 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. Argus dropped their price target on shares of Blackstone from $163.00 to $146.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Jefferies Financial Group lifted their price target on Blackstone from $143.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada began coverage on Blackstone in a research note on Monday, June 8th. They issued an “outperform” rating for the company. Thirteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Blackstone currently has an average rating of “Moderate Buy” and an average price target of $149.36.

Get Our Latest Analysis 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.