Healthcare of Ontario Pension Plan Trust Fund Has $70.64 Million Stake in Blackstone Inc. $BX

Healthcare of Ontario Pension Plan Trust Fund cut its stake in Blackstone Inc. (NYSE:BX) by 5.8% in the first quarter, Holdings Channel.com reports. The firm owned 614,323 shares of the asset manager’s stock after selling 37,669 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Blackstone were worth $70,641,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BX. Redwood Financial Network Corp grew its holdings in shares of Blackstone by 1.8% during the second quarter. Redwood Financial Network Corp now owns 3,588 shares of the asset manager’s stock worth $537,000 after buying an additional 65 shares in the last quarter. Benchmark Financial Wealth Advisors LLC lifted its stake in Blackstone by 0.9% in 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 in the last quarter. Parcion Private Wealth LLC boosted its position in Blackstone by 0.6% during the 4th quarter. Parcion Private Wealth LLC now owns 10,935 shares of the asset manager’s stock worth $1,686,000 after acquiring an additional 70 shares during the last quarter. Trivium Point Advisory LLC raised its holdings in shares of Blackstone by 2.6% in the fourth quarter. Trivium Point Advisory LLC now owns 2,713 shares of the asset manager’s stock valued at $418,000 after purchasing an additional 70 shares during the last quarter. Finally, Zacks Investment Management lifted its position in shares of Blackstone by 2.1% in the third quarter. Zacks Investment Management now owns 3,453 shares of the asset manager’s stock worth $590,000 after purchasing an additional 71 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors.

Insider Transactions at Blackstone

In other Blackstone news, insider Vikrant Sawhney sold 30,014 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were 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 directly owned 899,669 shares in the company, valued at $113,169,363.51. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ruth Porat bought 355 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $123.04 per share, for a total transaction of $43,679.20. Following the transaction, the director directly owned 41,818 shares of the company’s stock, valued at $5,145,286.72. The trade was a 0.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 10,252,345 shares of company stock worth $209,789,893. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BX shares. The Goldman Sachs Group raised their target price on shares of Blackstone from $114.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday. BNP Paribas Exane reduced their price objective on shares of Blackstone from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Rothschild & Co Redburn lowered their target price on Blackstone from $134.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 9th. Dbs Bank raised Blackstone to a “moderate buy” rating in a research report on Wednesday, May 27th. Finally, Evercore reaffirmed an “outperform” rating and set a $150.00 price target on shares of Blackstone in a research report on Tuesday, April 21st. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.76.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone beat Q2 earnings and revenue estimates, with EPS of $1.52 versus expectations around $1.33-$1.34 and revenue of $5.04 billion versus $3.42 billion expected, signaling better-than-expected operating performance. Blackstone Inc. (BX) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Assets under management hit a record $1.35 trillion, helped by nearly $70 billion in quarterly inflows, which suggests Blackstone continues to attract capital even in a tougher fundraising environment. Blackstone’s quarterly profit gets boost from asset pile, AI investment gains
• Positive Sentiment: Management highlighted that AI-related investments are starting to pay off, with gains across data centers, infrastructure, credit, and private markets boosting profit and growth prospects. BX Q2 Earnings Call Highlights AI Strategy & Fundraising Strength
• Positive Sentiment: Royal Bank of Canada raised its price target on Blackstone to $169 from $161 and kept an outperform rating, underscoring improved analyst confidence in the stock. Analyst price target update
• Neutral Sentiment: Blackstone is also in the final bidding for yacht retailer MarineMax, a potential acquisition that could expand its deal flow, though the impact on earnings is still uncertain. Blackstone, Donerail among final bidders for yacht retailer MarineMax, sources say
• Neutral Sentiment: The company also announced a higher quarterly dividend, which is supportive for income-focused investors, but this is a smaller near-term driver than the earnings beat and AI-related growth narrative. Dividend announcement

Blackstone Stock Performance

Shares of NYSE BX opened at $129.72 on Friday. Blackstone Inc. has a 12 month low of $101.73 and a 12 month high of $190.09. The stock has a 50 day moving average of $120.33 and a 200-day moving average of $124.84. The company has a current ratio of 0.72, a quick ratio of 0.76 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $96.36 billion, a P/E ratio of 29.02, a P/E/G ratio of 1.41 and a beta of 1.58.

Blackstone (NYSE:BX) last announced its quarterly earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.18. Blackstone had a return on equity of 23.77% and a net margin of 21.84%.The business had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter last year, the firm posted $0.98 EPS. The company’s quarterly revenue was up 35.9% on a year-over-year basis. As a group, equities research analysts predict that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be paid a $1.29 dividend. This is an increase from Blackstone’s previous quarterly dividend of $1.16. The ex-dividend date is Monday, August 3rd. This represents a $5.16 dividend on an annualized basis and a yield of 4.0%. Blackstone’s dividend payout ratio (DPR) is currently 103.80%.

Blackstone Company 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.