Blackstone (NYSE:BX) Stock Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Blackstone Inc. NYSE: BX. In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Blackstone stock on April 14th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of RTX NYSE: RTX on 4/23/2025.
• Purchased $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 4/22/2025.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Tri Pointe Homes NYSE: TPH on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk NYSE: TLK on 4/21/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of D.R. Horton NYSE: DHI on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Hillman Solutions NASDAQ: HLMN on 4/17/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/17/2025.

Blackstone Trading Down 4.6%

NYSE:BX traded down $6.67 during mid-day trading on Wednesday, hitting $137.53. The company had a trading volume of 4,586,627 shares, compared to its average volume of 3,784,953. Blackstone Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $200.96. The business's fifty day moving average is $137.43 and its two-hundred day moving average is $160.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. The firm has a market cap of $100.35 billion, a P/E ratio of 37.89, a P/E/G ratio of 1.07 and a beta of 1.67.

Blackstone (NYSE:BX - Get Free Report) last released its earnings results on Thursday, April 17th. The asset manager reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.13). Blackstone had a net margin of 20.99% and a return on equity of 19.58%. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the company posted $0.98 EPS. As a group, research analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 28th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Monday, April 28th. Blackstone's payout ratio is 112.05%.

Insider Buying and Selling

In other news, Director Ruth Porat purchased 237 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was acquired at an average cost of $136.33 per share, with a total value of $32,310.21. Following the acquisition, the director now owns 37,067 shares in the company, valued at approximately $5,053,344.11. This trade represents a 0.64% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John G. Finley sold 25,000 shares of Blackstone stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $138.47, for a total value of $3,461,750.00. Following the completion of the transaction, the insider now directly owns 475,336 shares of the company's stock, valued at $65,819,775.92. This represents a 5.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BX. 1248 Management LLC bought a new position in shares of Blackstone during the 1st quarter worth approximately $25,000. Hager Investment Management Services LLC bought a new position in shares of Blackstone during the 4th quarter worth approximately $28,000. von Borstel & Associates Inc. acquired a new stake in Blackstone during the 1st quarter worth approximately $28,000. Wealth Preservation Advisors LLC acquired a new stake in Blackstone during the 1st quarter worth approximately $28,000. Finally, Centricity Wealth Management LLC acquired a new stake in Blackstone during the 4th quarter worth approximately $30,000. 70.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on BX. Cowen reaffirmed a "buy" rating on shares of Blackstone in a research report on Monday, April 21st. Wells Fargo & Company dropped their price target on Blackstone from $160.00 to $139.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. UBS Group dropped their price target on Blackstone from $180.00 to $175.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Barclays increased their price objective on Blackstone from $129.00 to $136.00 and gave the stock an "equal weight" rating in a report on Monday, April 21st. Finally, StockNews.com downgraded Blackstone from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $154.82.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Blackstone

Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.