Strategic Wealth Investment Group LLC Sells 16,674 Shares of Blackstone Inc. $BX

Strategic Wealth Investment Group LLC lessened its holdings in Blackstone Inc. (NYSE:BX) by 20.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,070 shares of the asset manager’s stock after selling 16,674 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in Blackstone were worth $9,722,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC bought a new stake in shares of Blackstone in the third quarter valued at about $26,000. Redmont Wealth Advisors LLC bought a new stake in shares of Blackstone in the third quarter valued at about $30,000. Strive Asset Management LLC bought a new stake in shares of Blackstone in the third quarter valued at about $30,000. Family CFO Inc bought a new stake in shares of Blackstone in the fourth quarter valued at about $28,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Blackstone in the fourth quarter valued at about $28,000. Institutional investors own 70.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BX shares. HSBC reduced their target price on shares of Blackstone from $164.00 to $131.00 and set a “hold” rating for the company in a research report on Friday, April 10th. Rothschild & Co Redburn cut their price objective on shares of Blackstone from $138.00 to $134.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. UBS Group cut 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. Argus cut their price objective on shares of Blackstone from $163.00 to $146.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Finally, Barclays cut their price objective on shares of Blackstone from $126.00 to $124.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $151.05.

Insider Buying and Selling

In other news, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was acquired at an average price of $26.15 per share, with a total value of $75,000,004.35. Following the transaction, the insider owned 18,628,295 shares of the company’s stock, valued at $487,129,914.25. This trade represents a 18.20% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ruth Porat bought 355 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $123.04 per share, with a total value of $43,679.20. Following the transaction, the director directly owned 41,818 shares in the company, valued at approximately $5,145,286.72. This trade represents a 0.86% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 12,355,303 shares of company stock valued at $264,789,896 over the last three months. Insiders own 1.00% of the company’s stock.

Blackstone Stock Performance

Blackstone stock opened at $115.40 on Friday. The business has a 50 day moving average of $119.22 and a 200-day moving average of $131.72. Blackstone Inc. has a 1 year low of $101.73 and a 1 year high of $190.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $85.73 billion, a P/E ratio of 29.51, a P/E/G ratio of 1.25 and a beta of 1.59.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $3.45 billion. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts predict that Blackstone Inc. will post 5.9 earnings per share for the current year.

Blackstone Cuts Dividend

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

Blackstone News Summary

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone-backed AirTrunk plans to invest $30 billion in India digital infrastructure, highlighting continued growth opportunities in Blackstone’s portfolio and exposure to AI/data-center demand. Blackstone-backed AirTrunk to invest $30B in India digital infrastructure
• Positive Sentiment: Blackstone also remains active on the capital-deployment side, with a new partnership with Nippon Life and the successful IPO of Liftoff Mobile adding to the firm’s deal-making momentum. Blackstone’s Liftoff IPO And Nippon Life Deal Reshape BX Outlook
• Positive Sentiment: The stock also appeared to rebound sharply after an earlier selloff, as some investors viewed the withdrawal cap as a sign of private-credit demand pressures rather than a direct fundamental hit to earnings. Why is Blackstone stock gaining despite a withdrawal cap on its flagship fund?
• Neutral Sentiment: Peer-related headlines from other alternative-asset managers and broader private-credit redemption concerns are adding sector-wide volatility, but they do not directly change Blackstone’s reported quarterly earnings outlook. Alternative Managers Shares Slip as Cliffwater Redemption Fears Mount
• Negative Sentiment: Blackstone’s decision to limit redemptions at Blackstone Private Credit Fund is the main overhang, as it signals heavier-than-expected withdrawal demand and raises questions about liquidity across private markets. Investors Seek to Pull 10% from Blackstone’s Giant Private-Credit Fund
• Negative Sentiment: Multiple reports that redemption requests surged and that Blackstone capped withdrawals reinforced investor concern about private-credit and private-equity fund liquidity, which has weighed on BX sentiment. Redemption requests rise at Blackstone, Partners Group as private markets strain

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.