M&T Bank Corp Sells 10,035 Shares of Blackstone Inc. $BX

M&T Bank Corp cut its holdings in shares of Blackstone Inc. (NYSE:BX) by 9.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 95,078 shares of the asset manager’s stock after selling 10,035 shares during the quarter. M&T Bank Corp’s holdings in Blackstone were worth $14,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Redwood Financial Network Corp grew its holdings in Blackstone by 1.8% during the 2nd quarter. Redwood Financial Network Corp now owns 3,588 shares of the asset manager’s stock valued at $537,000 after buying an additional 65 shares in the last quarter. Obermeyer Wealth Partners boosted its holdings in shares of Blackstone by 2.3% in the 3rd quarter. Obermeyer Wealth Partners now owns 2,993 shares of the asset manager’s stock worth $511,000 after purchasing an additional 66 shares during the period. Klingman & Associates LLC boosted its holdings in shares of Blackstone by 0.4% in the 3rd quarter. Klingman & Associates LLC now owns 15,116 shares of the asset manager’s stock worth $2,583,000 after purchasing an additional 67 shares during the period. Lazari Capital Management Inc. boosted its holdings in shares of Blackstone by 4.5% in the 3rd quarter. Lazari Capital Management Inc. now owns 1,578 shares of the asset manager’s stock worth $270,000 after purchasing an additional 68 shares during the period. Finally, Benchmark Financial Wealth Advisors LLC boosted its holdings in Blackstone by 0.9% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 7,748 shares of the asset manager’s stock valued at $1,194,000 after acquiring an additional 69 shares during the period. Institutional investors own 70.00% of the company’s stock.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is a lead backer in a new $1.5 billion joint venture with AI firm Anthropic and other Wall Street firms to sell AI tools to private?equity?owned companies — this could drive recurring consulting and platform fees across Blackstone’s portfolio and third?party clients. Anthropic and Wall Street titans form $1.5 billion consulting joint venture – FT Anthropic teams with Goldman, Blackstone and others on $1.5 billion AI venture targeting PE-owned firms
• Positive Sentiment: Blackstone is spinning up a data?center vehicle (Blackstone Digital Infrastructure Trust, ticker BXDC) that aims to raise ~$1.7–1.75 billion for newly built, hyperscaler?leased assets — a potential fee?earning asset?management growth driver and a way to crystallize value in digital infrastructure. Blackstone vehicle aims to raise over $1.7 billion in US IPO for data center bet Blackstone data center REIT IPO seeks $1.75 billion
• Neutral Sentiment: Coverage comparing Blackstone (BX) to peers (e.g., Orix/IX) and valuation write?ups may be reinforcing mixed investor views on BX’s current multiple and growth expectations; these analyses can influence trading but are not direct company catalysts. IX vs. BX: Which Stock Is the Better Value Option? IX vs. BX: Which Stock Is the Better Value Option? – Zacks
• Neutral Sentiment: Retail/bullish commentary and note summaries (social media and financial sites) are circulating a buy thesis for BX, but these are secondary to company announcements and macro flows. Is Blackstone Inc. (BX) A Good Stock To Buy Now?
• Negative Sentiment: An insider (Vikrant Sawhney) reported a sale of 30,014 BX shares — a modest potential negative signal that some traders use to justify caution, though insider sales are frequently routine. Vikrant Sawhney Sells 30,014 Shares of Blackstone (NYSE:BX) Stock

Insider Buying and Selling

In related news, major shareholder Holdings Iv Gp Mana Blackstone purchased 2,868,069 shares of Blackstone stock in a transaction dated Friday, March 20th. The stock was purchased at an average cost of $26.15 per share, with a total value of $75,000,004.35. Following the transaction, the insider owned 18,628,295 shares in the company, valued at approximately $487,129,914.25. The trade was a 18.20% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the transaction, the insider directly owned 25,832 shares of the company’s stock, valued at approximately $90,670.32. The trade was a 99.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 9,103,660 shares of company stock valued at $45,982,920. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BX shares. JPMorgan Chase & Co. dropped their price objective on Blackstone from $142.00 to $136.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Royal Bank Of Canada set a $173.00 price objective on Blackstone in a report on Friday, April 24th. Morgan Stanley dropped their price objective on Blackstone from $215.00 to $184.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Jefferies Financial Group dropped their price objective on Blackstone from $161.00 to $143.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Finally, The Goldman Sachs Group dropped their price objective on Blackstone from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Eleven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $150.95.

Blackstone Trading Down 2.5%

Shares of NYSE BX opened at $123.18 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $115.95 and a two-hundred day simple moving average of $136.94. The firm has a market cap of $91.42 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 1.38 and a beta of 1.63. Blackstone Inc. has a twelve month low of $101.73 and a twelve month high of $190.09.

Blackstone (NYSE:BX) last issued its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.45 billion. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.Blackstone’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS. Analysts expect that Blackstone Inc. will post 5.91 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, May 4th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, May 4th. Blackstone’s payout ratio is presently 152.43%.

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.