Blackstone Inc. $BX Stock: Wedmont Private Capital Raises Position

Posted by Brian Himes on Oct 10th, 2026

Wedmont Private Capital raised its stake in Blackstone Inc. (NYSE:BX – Free Report) by 82.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,206 shares of the asset manager’s stock after acquiring an additional 10,489 shares during the quarter. Wedmont Private Capital’s holdings in Blackstone were worth $2,615,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Blackstone during the second quarter worth $6,112,162,000. State Street Corp increased its holdings in Blackstone by 0.6% in the fourth quarter. State Street Corp now owns 31,542,009 shares of the asset manager’s stock valued at $4,861,885,000 after buying an additional 179,213 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Blackstone during the 2nd quarter worth about $1,364,373,000. Legal & General Group Plc acquired a new stake in shares of Blackstone during the 2nd quarter valued at about $605,267,000. Finally, Bank of New York Mellon Corp raised its holdings in Blackstone by 8.0% in the 1st quarter. Bank of New York Mellon Corp now owns 4,520,908 shares of the asset manager’s stock worth $519,859,000 after purchasing an additional 333,798 shares during the period. 70.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Joseph Baratta sold 100,000 shares of the business’s stock in a transaction dated 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 owned 771,599 shares of the company’s stock, valued at approximately $95,523,956.20. The trade was a 11.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 3,767,776 shares of Blackstone stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $2.94, for a total transaction of $11,077,261.44. Following the transaction, the insider directly owned 16,120 shares in the company, valued at $47,392.80. This trade represents a 99.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have bought 1,038,406 shares of company stock valued at $27,205,951 and have sold 4,077,276 shares valued at $37,573,644. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BX has been the topic of several research analyst reports. HSBC reissued a “hold” rating and issued a $135.00 price objective on shares of Blackstone in a report on Monday, July 20th. TD Cowen lifted their price target on shares of Blackstone from $133.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Keefe, Bruyette & Woods upgraded shares of Blackstone to a “hold” rating in a research report on Monday, July 20th. BNP Paribas Exane dropped their target price on shares of Blackstone from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Finally, Weiss Ratings upgraded shares of Blackstone from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 24th. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Blackstone has an average rating of “Moderate Buy” and an average price target of $147.32.

Get Our Latest Stock Analysis on Blackstone

Blackstone Stock Up 1.5%

NYSE BX opened at $114.33 on Friday. Blackstone Inc. has a one year low of $101.73 and a one year high of $166.39. The company has a market cap of $85.82 billion, a P/E ratio of 25.58, a P/E/G ratio of 1.35 and a beta of 1.59. The business has a fifty day moving average price of $130.84 and a 200 day moving average price of $124.11. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.72 and a current ratio of 0.72.

Blackstone (NYSE:BX – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.18. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. The firm had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same period last year, the firm posted $0.98 earnings per share. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. Research analysts anticipate that Blackstone Inc. will post 5.94 EPS for the current fiscal year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were issued a $1.29 dividend. This is a boost from Blackstone’s previous quarterly dividend of $1.16. This represents a $5.16 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, August 3rd. Blackstone’s payout ratio is 115.44%.

Blackstone Profile

(Free Report)

Blackstone Inc is a global alternative asset management firm that provides investment solutions to institutional investors, companies, financial advisers and individual investors. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson, the company has developed a broad platform spanning private markets and other alternative investments.

Blackstone’s businesses include private equity, real estate, credit and insurance, infrastructure, secondaries and hedge fund solutions. Its investment activities may involve acquiring and managing companies, commercial and residential properties, infrastructure assets, private credit and other investments on behalf of its clients.

The firm serves clients and invests across North America, Europe, Asia-Pacific and other international markets.