Blackstone Inc. $BX Shares Newly Purchased by Leo Wealth LLC

Leo Wealth LLC bought a new stake in Blackstone Inc. (NYSE:BX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,102 shares of the asset manager’s stock, valued at approximately $572,000.

A number of other hedge funds have also recently made changes to their positions in the company. Hedeker Wealth LLC boosted its position in Blackstone by 13.3% during the 3rd quarter. Hedeker Wealth LLC now owns 67,197 shares of the asset manager’s stock worth $7,532,000 after buying an additional 7,913 shares during the period. Kingswood Wealth Advisors LLC increased its position in Blackstone by 3.0% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 14,113 shares of the asset manager’s stock valued at $1,582,000 after acquiring an additional 415 shares during the period. Randolph Co Inc acquired a new position in Blackstone in the 3rd quarter valued at approximately $36,946,000. Compass Ion Advisors LLC raised its stake in shares of Blackstone by 0.8% during the third quarter. Compass Ion Advisors LLC now owns 27,249 shares of the asset manager’s stock valued at $3,054,000 after acquiring an additional 226 shares during the last quarter. Finally, Bernardo Wealth Planning LLC lifted its holdings in shares of Blackstone by 100.5% during the third quarter. Bernardo Wealth Planning LLC now owns 6,950 shares of the asset manager’s stock worth $779,000 after purchasing an additional 3,484 shares during the period. 70.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Citizens Jmp reduced their price objective on shares of Blackstone from $190.00 to $165.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 9th. Piper Sandler set a $126.00 target price on Blackstone in a research report on Friday. Credit Suisse Group set a $165.00 price target on Blackstone in a research report on Friday. JPMorgan Chase & Co. decreased their price target on Blackstone from $136.00 to $135.00 and set a “neutral” rating for the company in a research note on Friday, October 23rd. Finally, Keefe, Bruyette & Woods upgraded Blackstone to a “hold” rating in a research report on Monday, July 20th. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Blackstone has an average rating of “Moderate Buy” and an average target price of $144.57.

Insider Transactions at Blackstone

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 3,767,776 shares of Blackstone stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $2.94, for a total transaction of $11,077,261.44. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Finley sold 45,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was 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 of the company’s stock, valued at approximately $75,911,260.87. The trade was a 8.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders purchased 464,792 shares of company stock valued at $12,205,945 and sold 4,077,276 shares valued at $37,573,644. 1.00% of the stock is currently owned by corporate insiders.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone closed its fifth Energy Transition Partners fund with $8.7 billion in commitments, strengthening its fee-earning asset base and demonstrating continued institutional demand for its private-markets strategies. Kirkland Advises on Close of $8.7 Billion Blackstone Energy Transition Partners V
• Positive Sentiment: Blackstone is participating in a reported $63 billion financing vehicle to acquire AI computing infrastructure from Broadcom and lease it to Anthropic. The transaction could expand Blackstone’s exposure to fast-growing data-center and AI infrastructure markets. Banks, Blackstone Form $63 Billion Financing Vehicle for Broadcom AI Tech
• Positive Sentiment: The firm opened a new office in Bengaluru, expanding its presence in India and potentially improving its ability to source investments in one of the world’s fastest-growing major economies. Blackstone Opens New Office in Bengaluru
• Positive Sentiment: BMO Capital Markets assigned Blackstone a Buy rating, while broader sell-side coverage moved the shares to a “Moderate Buy” consensus. Analysts have also argued that recent private-credit concerns were overstated and that the stock remains attractively valued. Blackstone Gets a Buy from BMO Capital
• Neutral Sentiment: Blackstone priced $1.1 billion of senior notes, consisting of $600 million due in 2031 and $500 million due in 2033. The financing provides liquidity for corporate needs, but its guaranteed debt adds interest expense and leverage. Blackstone Prices $1.1 Billion Senior Notes Offering

Blackstone Price Performance

Shares of NYSE BX opened at $116.81 on Wednesday. The company’s fifty day simple moving average is $124.08 and its 200 day simple moving average is $125.03. Blackstone Inc. has a 12-month low of $101.73 and a 12-month high of $165.14.

Blackstone (NYSE:BX) last issued its earnings results on Thursday, October 22nd. The asset manager reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.27 billion. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. As a group, sell-side analysts forecast that Blackstone Inc. will post 5.89 EPS for the current fiscal year.

Blackstone Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. This is a negative change from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date of this dividend is Monday, November 2nd.

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.