11 Capital Partners LP Grows Position in Blackstone Inc. $BX

Key Points

• 11 Capital Partners increased its stake in Blackstone by 21.6% in Q3 to 77,623 shares worth $13.26 million, making BX about 3.8% of the fund’s portfolio.
• Analysts have trimmed price targets recently (examples: Barclays to $126, UBS to $137), though the consensus rating remains a “Moderate Buy” with a consensus target of $165.86.
• Blackstone raised its quarterly dividend to $1.49 (annualized $5.96), implying a yield of about 5.9%, while the stock trades well below its 52-week high.

11 Capital Partners LP increased its stake in shares of Blackstone Inc. (NYSE:BX - Free Report) by 21.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,623 shares of the asset manager's stock after buying an additional 13,771 shares during the quarter. Blackstone comprises approximately 3.8% of 11 Capital Partners LP's investment portfolio, making the stock its 18th biggest holding. 11 Capital Partners LP's holdings in Blackstone were worth $13,262,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Blackstone by 2.2% during the second quarter. Vanguard Group Inc. now owns 69,492,377 shares of the asset manager's stock worth $10,394,670,000 after purchasing an additional 1,494,796 shares during the last quarter. Whittier Trust Co. grew its position in Blackstone by 2.1% during the 3rd quarter. Whittier Trust Co. now owns 346,318 shares of the asset manager's stock worth $58,337,000 after purchasing an additional 7,053 shares during the period. Close Asset Management Ltd lifted its holdings in shares of Blackstone by 16,035.1% in the 3rd quarter. Close Asset Management Ltd now owns 1,140,264 shares of the asset manager's stock valued at $194,746,000 after buying an additional 1,133,197 shares during the period. Natixis Advisors LLC boosted its stake in shares of Blackstone by 20.4% in the third quarter. Natixis Advisors LLC now owns 840,401 shares of the asset manager's stock worth $143,582,000 after buying an additional 142,479 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in Blackstone by 733.2% during the third quarter. Exchange Traded Concepts LLC now owns 13,715 shares of the asset manager's stock valued at $2,343,000 after acquiring an additional 12,069 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BX shares. Barclays cut their target price on shares of Blackstone from $164.00 to $126.00 and set an "equal weight" rating for the company in a report on Monday, March 2nd. UBS Group decreased 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. BNP Paribas Exane reduced their price target on Blackstone from $167.00 to $156.00 and set a "neutral" rating for the company in a report on Monday, January 12th. Argus dropped their price objective on Blackstone from $195.00 to $163.00 and set a "buy" rating on the stock in a report on Wednesday, February 4th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Blackstone in a research note on Wednesday, January 21st. Eleven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $165.86.

Insider Buying and Selling

In other Blackstone news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the business's stock in a transaction on Friday, February 27th. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Holdings Iv Gp Mana Blackstone purchased 1,146,789 shares of the stock in a transaction dated Monday, February 23rd. The shares were purchased at an average cost of $26.16 per share, for a total transaction of $30,000,000.24. Following the transaction, the insider owned 16,716,249 shares in the company, valued at approximately $437,297,073.84. The trade was a 7.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.00% of the company's stock.

Blackstone Stock Performance

Shares of NYSE:BX opened at $101.80 on Friday. The business's 50 day moving average price is $135.89 and its 200-day moving average price is $151.02. 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 0.61, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $75.55 billion, a PE ratio of 26.24, a P/E/G ratio of 0.85 and a beta of 1.79.

Blackstone (NYSE:BX - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.21. The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $3.69 billion. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The firm's revenue for the quarter was up 41.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.69 EPS. As a group, equities research analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were paid a $1.49 dividend. This is a positive change from Blackstone's previous quarterly dividend of $1.29. The ex-dividend date of this dividend was Monday, February 9th. This represents a $5.96 dividend on an annualized basis and a yield of 5.9%. Blackstone's dividend payout ratio is 153.61%.

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone’s Energy Transition arm agreed to acquire a majority stake in Advanced Cooling Technologies (ACT), expanding BX’s industrial/energy-transition exposure and showing continued deal deployment and capital recycling in thematic areas investors favor. Blackstone Energy Transition Partners Announces Agreement to Acquire Majority Stake in Advanced Cooling Technologies
• Positive Sentiment: Reports say Anthropic is in talks with Blackstone and other PE firms to form a JV to embed AI across their portfolio companies — a strategic initiative that could boost operating efficiency and portfolio company margins if executed, increasing future returns on deployed capital. Bosa/Wu: Private equity is about to eat its own software portfolio
• Negative Sentiment: Analysts and valuation screens highlight BX’s premium multiples — forward P/E notably above industry averages — which can magnify downside during sector rotations and limits near-term upside for the stock. Premium Valuation: Should Investors Still Consider Blackstone Stock?
• Negative Sentiment: Analysts are trimming fair-value estimates and flagging pressures from BCRED redemptions and retail credit flows that could weigh on fee-related earnings and liquidity sentiment for Blackstone’s credit and alternatives products. How The Blackstone (BX) Story Is Shifting With BCRED Pressures And Alternatives Growth Potential
• Negative Sentiment: Broader private-equity stocks have been sharply lower recently (reports of 30–40% drops in some names), a sector move that increases downside risk for BX through multiple compression and investor risk-off flows. Private equity stocks down 30-40% in three months, bigger worry than geopolitical risk

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.

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