Sequoia Financial Advisors LLC Acquires 11,983 Shares of Blackstone Inc. $BX

Posted by George Bondi on Sep 10th, 2026

Sequoia Financial Advisors LLC raised its stake in shares of Blackstone Inc. (NYSE:BX – Free Report) by 5.1% during the 2nd quarter, Holdings Channel reports. The fund owned 245,370 shares of the asset manager’s stock after purchasing an additional 11,983 shares during the period. Sequoia Financial Advisors LLC’s holdings in Blackstone were worth $28,873,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BX. California State Teachers Retirement System grew its stake in Blackstone by 12,011.3% in the second quarter. California State Teachers Retirement System now owns 130,414,132 shares of the asset manager’s stock valued at $15,345,831,000 after purchasing an additional 129,337,339 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Blackstone during the second quarter valued at about $6,112,162,000. Bank of America Corp DE purchased a new position in shares of Blackstone in the 2nd quarter worth approximately $1,364,373,000. Norges Bank bought a new position in shares of Blackstone during the 4th quarter worth approximately $1,275,747,000. Finally, Legal & General Group Plc purchased a new stake in Blackstone during the second quarter valued at approximately $605,267,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BX has been the topic of a number of recent analyst reports. Oppenheimer upped their price target on Blackstone from $140.00 to $171.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Rothschild & Co Redburn dropped their target price on Blackstone from $134.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Dbs Bank raised Blackstone to a “moderate buy” rating in a research report on Wednesday, May 27th. Royal Bank Of Canada raised their target price on Blackstone from $161.00 to $169.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Blackstone from $136.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $149.43.

View Our Latest Stock Analysis on BX

Blackstone Price Performance

Shares of NYSE BX opened at $129.04 on Thursday. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $190.09. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $96.86 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 1.50 and a beta of 1.56. The firm has a 50-day simple moving average of $133.69 and a 200-day simple moving average of $123.16.

Blackstone (NYSE:BX – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The asset manager reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.18. Blackstone had a return on equity of 23.77% and a net margin of 21.84%.The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. On average, equities analysts predict that Blackstone Inc. will post 5.99 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a $1.29 dividend. The ex-dividend date was Monday, August 3rd. This is a positive change from Blackstone’s previous quarterly dividend of $1.16. This represents a $5.16 annualized dividend and a yield of 4.0%. Blackstone’s dividend payout ratio (DPR) is currently 115.44%.

Insiders Place Their Bets

In other Blackstone news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total value of $28,264,950.00. Following the sale, the insider owned 19,374 shares of the company’s stock, valued at $73,233.72. The trade was a 99.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John G. Finley sold 45,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $147.11, for a total value of $6,619,950.00. Following the transaction, the insider owned 516,017 shares in the company, valued at $75,911,260.87. This trade represents a 8.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have acquired 1,611,822 shares of company stock worth $42,189,294 and have sold 7,562,000 shares worth $40,331,085. Company insiders own 1.00% of the company’s stock.

About Blackstone

(Free Report)

Blackstone Inc is a global alternative asset management firm that provides investment management and advisory services to institutions, corporations, and individual investors. The company invests across multiple asset classes, including private equity, real estate, credit, infrastructure, insurance solutions, and hedge fund solutions.

Its investment activities include acquiring and managing businesses, commercial and residential properties, infrastructure assets, and credit investments.