Blackstone Inc. $BX Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. grew its stake in shares of Blackstone Inc. (NYSE:BX) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,440 shares of the asset manager’s stock after acquiring an additional 7,409 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Blackstone were worth $26,005,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of Blackstone by 34.6% in the fourth quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager’s stock worth $1,365,000 after buying an additional 2,035 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Blackstone by 9.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,076 shares of the asset manager’s stock valued at $310,000 after acquiring an additional 177 shares during the period. United Bank raised its stake in Blackstone by 14.7% in the 2nd quarter. United Bank now owns 13,528 shares of the asset manager’s stock worth $2,024,000 after acquiring an additional 1,729 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in Blackstone during the 2nd quarter valued at about $1,124,000. Finally, Sei Investments Co. increased its holdings in shares of Blackstone by 1.9% in the second quarter. Sei Investments Co. now owns 452,619 shares of the asset manager’s stock valued at $67,703,000 after purchasing an additional 8,655 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Jefferies Financial Group lifted their target price on Blackstone from $143.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Blackstone in a research report on Monday, June 8th. They set a “buy” rating for the company. Rothschild & Co Redburn dropped their price objective on shares of Blackstone from $134.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, June 9th. Citizens Jmp reduced their target price on shares of Blackstone from $190.00 to $165.00 and set a “market outperform” rating for the company in a report on Thursday. Finally, Evercore reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Blackstone in a report on Tuesday, April 21st. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Blackstone presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

Insider Buying and Selling

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 transaction of $28,264,950.00. Following the completion of the sale, the insider directly owned 19,374 shares in the company, valued at approximately $73,233.72. The trade was a 99.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Private Multi-Asset Blackstone bought 765,111 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average price of $26.14 per share, for a total transaction of $20,000,001.54. Following the transaction, the insider owned 7,882,145 shares of the company’s stock, valued at approximately $206,039,270.30. This represents a 10.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 10,252,345 shares of company stock worth $209,789,893 in the last quarter. 1.00% of the stock is owned by insiders.

Key Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone and TPG are reportedly trying to sell Hologic’s surgical unit for more than $4 billion, a sign of continued private-equity deal activity that could support fee-related earnings and investment returns. Reuters article
• Positive Sentiment: Barclays is preparing an about $875 million debt sale to help finance Blackstone’s senior takeover, highlighting continued transaction momentum around the firm’s private credit and buyout activity. Yahoo Finance article
• Positive Sentiment: Citizens JMP lowered its price target on Blackstone to $165 from $190 but kept an “outperform” view, which still implies meaningful upside and may have helped support sentiment. Benzinga article
• Neutral Sentiment: Barclays also cut its price target to $119 from $124 and maintained an “equal weight” rating, signaling more cautious near-term expectations. Benzinga article
• Neutral Sentiment: Several articles were mostly valuation- or comparison-based pieces about BX, which are less likely to drive the stock on their own. Zacks article
• Negative Sentiment: Blackstone was linked to an AI infrastructure financing structure in which Apollo and Blackstone reportedly shifted Broadcom and Anthropic’s AI chip bet into debt held by other investors, which may raise questions about risk transfer and financing complexity. MSN article

Blackstone Trading Up 2.8%

Shares of Blackstone stock opened at $121.98 on Friday. Blackstone Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $190.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $90.62 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 1.29 and a beta of 1.58. The firm has a 50-day simple moving average of $119.65 and a two-hundred day simple moving average of $126.98.

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

Blackstone Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a dividend of $1.16 per share. The ex-dividend date was Monday, May 4th. This represents a $4.64 dividend on an annualized basis and a yield of 3.8%. Blackstone’s dividend payout ratio is currently 118.67%.

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.