Blackstone Inc. $BX Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in Blackstone Inc. (NYSE:BX) by 38.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,076 shares of the asset manager’s stock after selling 5,065 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Blackstone were worth $905,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Blackstone in the 2nd quarter valued at about $6,112,162,000. Bank of America Corp DE purchased a new position in shares of Blackstone during the second quarter worth approximately $1,364,373,000. Legal & General Group Plc bought a new stake in shares of Blackstone during the second quarter valued at approximately $605,267,000. Bank of New York Mellon Corp raised its stake in shares of Blackstone by 8.0% during the first quarter. Bank of New York Mellon Corp now owns 4,520,908 shares of the asset manager’s stock valued at $519,859,000 after acquiring an additional 333,798 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Blackstone by 1.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,353,274 shares of the asset manager’s stock valued at $512,250,000 after purchasing an additional 52,755 shares during the period. Institutional investors own 70.00% of the company’s stock.

More Blackstone News

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

Blackstone Trading Up 0.0%

Shares of NYSE:BX opened at $118.01 on Monday. The company has a market capitalization of $88.58 billion, a PE 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 Inc. has a 12-month low of $101.73 and a 12-month high of $165.14. The business’s fifty day simple moving average is $124.91 and its 200-day simple moving average is $124.19.

Blackstone (NYSE:BX) last issued its quarterly earnings data on Thursday, October 22nd. The asset manager reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. Blackstone had a return on equity of 23.16% and a net margin of 22.11%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same period in the prior year, the business posted $0.80 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities research analysts predict 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. Shareholders of record on Monday, November 2nd will be issued a $1.12 dividend. This is a drop from Blackstone’s previous quarterly dividend of $1.29. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, November 2nd. Blackstone’s dividend payout ratio is presently 114.67%.

Insider Buying and Selling at Blackstone

In other news, major shareholder Holdings Iv L.P. Blackstone purchased 191,695 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was acquired at an average cost of $26.17 per share, with a total value of $5,016,658.15. Following the completion of the transaction, the insider owned 8,895,478 shares in the company, valued at $232,794,659.26. This represents a 2.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO David Payne sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $145.23, for a total transaction of $1,379,685.00. Following the completion of the sale, the chief accounting officer owned 64,448 shares in the company, valued at $9,359,783.04. This represents a 12.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders bought 464,792 shares of company stock valued at $12,205,945 and sold 4,077,276 shares valued at $37,573,644. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on BX. Weiss Ratings restated a “hold (c)” rating on shares of Blackstone in a report on Thursday. Oppenheimer upped their target price on Blackstone from $164.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday. HSBC reissued a “hold” rating and set a $135.00 price target on shares of Blackstone in a research report on Monday, July 20th. Citigroup restated a “market outperform” rating on shares of Blackstone in a research note on Friday. Finally, BNP Paribas Exane decreased their price objective on Blackstone from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Thirteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Blackstone currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.57.

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.