Fideuram Asset Management Ireland dac Buys New Shares in Blackstone Inc. $BX

Fideuram Asset Management Ireland dac acquired a new stake in shares of Blackstone Inc. (NYSE:BX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,066 shares of the asset manager’s stock, valued at approximately $1,620,000.

Several other institutional investors have also recently made changes to their positions in BX. REAP Financial Group LLC acquired a new position in shares of Blackstone during the third quarter valued at about $26,000. Family CFO Inc acquired a new position in shares of Blackstone during the fourth quarter valued at about $28,000. Ares Financial Consulting LLC acquired a new position in shares of Blackstone during the fourth quarter valued at about $28,000. Richardson Financial Services Inc. acquired a new stake in shares of Blackstone in the 4th quarter worth about $29,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Blackstone in the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Holdings I. L.P. Blackstone sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $19.00, for a total value of $475,000.00. Following the completion of the transaction, the insider directly owned 125,000 shares of the company’s stock, valued at approximately $2,375,000. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vikrant Sawhney sold 30,014 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $125.79, for a total transaction of $3,775,461.06. Following the completion of the sale, the insider owned 899,669 shares in the company, valued at $113,169,363.51. This represents a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders purchased 12,355,303 shares of company stock worth $264,789,896 and sold 7,532,518 shares worth $30,496,500. Corporate insiders own 1.00% of the company’s stock.

Blackstone Stock Up 0.8%

Blackstone stock opened at $117.05 on Friday. The firm has a 50 day moving average price of $118.68 and a 200-day moving average price of $132.69. The company has a market capitalization of $86.95 billion, a P/E ratio of 29.93, a P/E/G ratio of 1.26 and a beta of 1.63. Blackstone Inc. has a twelve month low of $101.73 and a twelve month high of $190.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.66.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 EPS for the quarter, topping the consensus estimate of $1.34 by $0.02. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.45 billion. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. Blackstone’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $1.11 EPS. As a group, equities analysts predict that Blackstone Inc. will post 5.9 EPS for the current year.

Blackstone Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a $1.16 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.64 annualized dividend and a yield of 4.0%. Blackstone’s dividend payout ratio (DPR) is 118.67%.

Analyst Ratings Changes

A number of research firms recently weighed in on BX. Royal Bank Of Canada set a $173.00 target price on shares of Blackstone in a report on Friday, April 24th. Rothschild & Co Redburn lowered their target price on shares of Blackstone from $138.00 to $134.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. UBS Group reduced their price objective on shares of Blackstone from $171.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Oppenheimer upped their price objective on shares of Blackstone from $154.00 to $156.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Evercore reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Blackstone in a research report on Tuesday, April 21st. Twelve equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $151.05.

Blackstone News Summary

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is expanding its AI infrastructure exposure through a new $5 billion joint venture with Google to build U.S.-based data center capacity and provide TPU compute services, giving investors a new growth angle tied to AI demand. Blackstone (BX) to Invest $5B in TPU Cloud Joint Venture with Google
• Positive Sentiment: Blackstone was also mentioned in reports that it and Apollo are arranging about $36 billion in financing tied to Anthropic’s AI chip expansion, reinforcing the firm’s role in large-scale AI-related capital deployment. Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports
• Positive Sentiment: DBS Bank upgraded Blackstone to “moderate buy,” which can bolster investor sentiment around the stock. Blackstone was upgraded by Dbs Bank to moderate buy
• Neutral Sentiment: Blackstone announced that President and COO Jon Gray will present at Morgan Stanley’s U.S. Financials Conference on June 9, which is mainly a visibility event rather than a direct business catalyst. Blackstone to Present at Morgan Stanley’s US Financials Conference
• Negative Sentiment: Reports that Blackstone plans to sell a Seattle office building at roughly a 54% loss highlight ongoing stress in office real estate, a potential headwind for investor sentiment toward parts of Blackstone’s portfolio. Blackstone to sell Seattle office building for ~54% below purchase price – report
• Negative Sentiment: Another article said Blackstone is facing valuation questions in the broader market, which can add to uncertainty around the stock’s pricing. Blackstone Swings Put S&P 500 Valuation In Focus

About Blackstone

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.