Win Advisors Inc. Makes New Investment in Blackstone Inc. $BX

Win Advisors Inc. purchased a new position in Blackstone Inc. (NYSE:BX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,243 shares of the asset manager’s stock, valued at approximately $1,067,000.

Several other hedge funds also recently bought and sold shares of BX. Traub Capital Management LLC bought a new position in shares of Blackstone in the second quarter worth about $27,000. Parvin Asset Management LLC purchased a new position in Blackstone in the 2nd quarter worth approximately $35,000. Rexford Capital Inc. purchased a new stake in Blackstone during the 2nd quarter valued at approximately $35,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Blackstone in the third quarter worth $45,000. Finally, RMG Wealth Management LLC bought a new position in shares of Blackstone during the second quarter worth $40,000. Institutional investors own 70.00% of the company’s stock.

Blackstone Stock Down 0.4%

Shares of BX opened at $142.35 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $153.03 and a 200 day moving average of $160.78. The company has a market cap of $105.12 billion, a PE ratio of 36.69, a P/E/G ratio of 1.01 and a beta of 1.76. Blackstone Inc. has a 52-week low of $115.66 and a 52-week high of $190.09.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, January 29th. The asset manager reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.21. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the firm posted $1.69 earnings per share. The business’s revenue for the quarter was up 41.4% on a year-over-year basis. On average, sell-side analysts expect that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th will be given a $1.49 dividend. This is a boost from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date of this dividend is Monday, February 9th. This represents a $5.96 annualized dividend and a yield of 4.2%. Blackstone’s dividend payout ratio is currently 132.99%.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Blackstone from $176.00 to $158.00 and set a “neutral” rating on the stock in a research note on Friday. Evercore ISI decreased their target price on Blackstone from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday. Citigroup reaffirmed a “market outperform” rating on shares of Blackstone in a research note on Friday. Keefe, Bruyette & Woods lowered their target price on Blackstone from $180.00 to $171.00 and set a “market perform” rating for the company in a research report on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Blackstone from $164.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Ten equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Blackstone has a consensus rating of “Hold” and a consensus price target of $176.86.

Insider Activity at Blackstone

In related news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of Blackstone stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. Following the completion of the sale, the insider owned 2,161 shares in the company, valued at $21,610. This trade represents a 99.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James Breyer purchased 13,900 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of $143.86 per share, with a total value of $1,999,654.00. Following the purchase, the director directly owned 68,906 shares of the company’s stock, valued at approximately $9,912,817.16. This represents a 25.27% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 783,978 shares of company stock worth $22,058,454. 1.00% of the stock is currently owned by corporate insiders.

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Q4 beat — Blackstone reported EPS of $1.75 and revenue of $4.36B, both topping estimates; record AUM and large inflows underpinned results and demonstrate momentum in deals, fees and infrastructure. Read More.
• Positive Sentiment: Dividend hike — BX declared a quarterly dividend of $1.49 (15.5% increase vs. prior quarter), implying a ~4.2% yield and signaling management confidence and stronger cash return to shareholders. (Company release)
• Positive Sentiment: Bullish analyst notes — TD Cowen reaffirmed a “buy” and set a $183 target; Citizens Jmp kept a “market outperform” with a $195 target, both signaling sizable upside from current levels. Read More.
• Neutral Sentiment: Management/sector commentary — Blackstone highlighted AI-related investment as a major economic driver and continues to signal interest in data-center and infrastructure opportunities, which is strategic but longer-term. Read More.
• Neutral Sentiment: Investor event scheduled — CFO Michael Chae will present at the BofA Financial Services Conference on Feb 10; investors should watch the webcast for additional color on capital deployment and fee trends. Read More.
• Negative Sentiment: Analyst target cuts to neutral — JPMorgan trimmed its target from $176 to $158 and moved to “neutral,” signaling less conviction on near-term upside. Read More.
• Negative Sentiment: Goldman trims target — Goldman cut its PT from $166 to $158 and maintained a “neutral” stance, adding to the pushback from some sell-side desks despite the beat. Read More.

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.