Randolph Co Inc bought a new position in Blackstone Inc. (NYSE:BX – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 329,606 shares of the asset manager’s stock, valued at approximately $36,946,000. Blackstone makes up about 2.9% of Randolph Co Inc’s portfolio, making the stock its 13th biggest holding.
Other large investors have also added to or reduced their stakes in the company. Compass Ion Advisors LLC boosted its stake in shares of Blackstone by 0.8% in the third quarter. Compass Ion Advisors LLC now owns 27,249 shares of the asset manager’s stock worth $3,054,000 after acquiring an additional 226 shares during the period. Bernardo Wealth Planning LLC raised its stake in Blackstone by 100.5% during the 3rd quarter. Bernardo Wealth Planning LLC now owns 6,950 shares of the asset manager’s stock valued at $779,000 after purchasing an additional 3,484 shares during the period. Signaturefd LLC lifted its holdings in Blackstone by 1.0% in the 3rd quarter. Signaturefd LLC now owns 32,624 shares of the asset manager’s stock worth $3,657,000 after purchasing an additional 328 shares in the last quarter. Citizens Financial Group Inc. RI lifted its holdings in Blackstone by 8.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 55,418 shares of the asset manager’s stock worth $6,212,000 after purchasing an additional 4,306 shares in the last quarter. Finally, Anderson Hoagland & Co. bought a new position in Blackstone in the 3rd quarter worth approximately $297,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.
Blackstone News Roundup
Here are the key news stories impacting Blackstone this week:
- Positive Sentiment: Blackstone reported third-quarter distributable earnings of $1.32 per share, exceeding the $1.26 analyst consensus. Assets under management reached approximately $1.37 trillion, while net inflows exceeded $63 billion and fee-related earnings increased 6%. Blackstone Inc. surpasses Q3 earnings and revenue estimates
- Positive Sentiment: Management highlighted accelerating fee growth, strong fundraising and substantial opportunities in AI data centers and digital infrastructure. Blackstone’s infrastructure assets reportedly grew 40% year over year, reinforcing the longer-term growth narrative. BX Q3 earnings call highlights AI opportunities and fee growth
- Positive Sentiment: Blackstone’s financing of CoreWeave has positioned it to benefit from the rapidly expanding market for debt backed by AI chips and data-center infrastructure. Blackstone’s CoreWeave bet and AI lending boom
- Neutral Sentiment: JPMorgan lowered its BX price target modestly to $135 and maintained a Neutral rating, signaling potential upside but limited conviction after the earnings report. JPMorgan Blackstone rating and price target
- Negative Sentiment: Distributable earnings declined 13% year over year as choppy markets reduced investment exits; private-equity asset-sale proceeds fell sharply. Revenue also came in below some analyst estimates, highlighting pressure on realization-driven profits. Blackstone’s core businesses hit by rising rates
- Negative Sentiment: Blackstone declared a quarterly dividend of $1.12 per share, down from $1.29 previously. The 13.2% reduction may weigh on income-focused investors despite the approximately 3.8% indicated yield. Blackstone dividend analysis
Insider Activity
In other Blackstone news, major shareholder Holdings Iv L.P. Blackstone purchased 272,642 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average price of $26.14 per share, with a total value of $7,126,861.88. Following the completion of the purchase, the insider directly owned 8,704,419 shares in the company, valued at $227,533,512.66. This trade represents a 3.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John G. Finley sold 45,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $147.11, for a total transaction of $6,619,950.00. Following the sale, the insider directly owned 516,017 shares in the company, valued at approximately $75,911,260.87. The trade was a 8.02% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders purchased 464,792 shares of company stock worth $12,205,945 and sold 4,077,276 shares worth $37,573,644. 1.00% of the stock is owned by insiders.
Blackstone Price Performance
NYSE:BX opened at $118.01 on Monday. The business’s 50-day moving average is $124.91 and its 200 day moving average is $124.19. Blackstone Inc. has a 12 month low of $101.73 and a 12 month high of $165.14. The company has a market capitalization of $88.58 billion, a P/E ratio of 26.22, a P/E/G ratio of 1.46 and a beta of 1.59. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 0.68.
Blackstone (NYSE:BX – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The asset manager reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.06. Blackstone had a return on equity of 23.16% and a net margin of 22.11%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter last year, the business posted $0.80 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts forecast that Blackstone Inc. will post 5.85 earnings per share for the current fiscal year.
Blackstone Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be given a dividend of $1.12 per share. The ex-dividend date is Monday, November 2nd. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. This is a decrease from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s dividend payout ratio is currently 114.67%.
Analyst Ratings Changes
A number of brokerages have issued reports on BX. Royal Bank Of Canada increased their price objective on shares of Blackstone from $161.00 to $169.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Citigroup reissued a “market outperform” rating on shares of Blackstone in a report on Friday. BNP Paribas Exane dropped their target price on shares of Blackstone from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Citizens Jmp cut their target price on shares of Blackstone from $190.00 to $165.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Finally, HSBC reiterated a “hold” rating and issued a $135.00 price target on shares of Blackstone in a report on Monday, July 20th. Thirteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $144.57.
View Our Latest Stock Analysis on BX
Blackstone Profile
Blackstone Inc (NYSE:BX) is a global alternative asset management firm that provides investment and advisory services to institutional investors, companies, and qualified individual investors. The company manages capital across private equity, real estate, credit and insurance, infrastructure, hedge fund solutions, secondaries, and growth-oriented investments.
Blackstone invests in and manages portfolios of businesses, properties, infrastructure assets, and credit instruments across a range of industries.
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