Banque Pictet & Cie SA Increases Position in Blackstone Inc. $BX

Key Points

• Banque Pictet & Cie SA increased its stake in Blackstone by 97.4% in Q4, boosting its holding to 65,745 shares valued at about $10.13 million after acquiring an additional 32,435 shares.
• Blackstone beat quarterly estimates, reporting $1.75 EPS vs. $1.54 expected and revenue of $4.36 billion (up 41.4% year‑over‑year), and raised its quarterly dividend to $1.49 (a $5.96 annualized payout, ~5.2% yield) though the payout ratio is about 153.6%.
• Significant insider moves included Holdings IV GP Mana buying roughly 2.87 million shares (~$75M) while Bx Buzz ML‑1 GP sold 7.48 million shares (a 99.66% reduction); analysts are split (11 Buy, 11 Hold) and Blackstone faces both fundraising wins (e.g., a $6.3B life‑sciences fund) and regulatory scrutiny over private‑credit practices.

Banque Pictet & Cie SA boosted its position in Blackstone Inc. (NYSE:BX - Free Report) by 97.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 65,745 shares of the asset manager's stock after acquiring an additional 32,435 shares during the period. Banque Pictet & Cie SA's holdings in Blackstone were worth $10,134,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BX. Brighton Jones LLC grew its holdings in Blackstone by 34.6% in the 4th quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager's stock valued at $1,365,000 after buying an additional 2,035 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Blackstone by 9.3% in the second quarter. Sivia Capital Partners LLC now owns 2,076 shares of the asset manager's stock worth $310,000 after acquiring an additional 177 shares during the last quarter. United Bank grew its holdings in Blackstone by 14.7% in the second quarter. United Bank now owns 13,528 shares of the asset manager's stock valued at $2,024,000 after purchasing an additional 1,729 shares during the period. American Century Companies Inc. raised its stake in Blackstone by 34.1% during the second quarter. American Century Companies Inc. now owns 95,184 shares of the asset manager's stock worth $14,238,000 after purchasing an additional 24,198 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Blackstone by 5.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 7,675 shares of the asset manager's stock valued at $1,148,000 after purchasing an additional 376 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company's stock.

Blackstone Trading Down 0.5%

NYSE BX opened at $114.40 on Thursday. The stock has a market cap of $84.90 billion, a P/E ratio of 29.48, a PEG ratio of 0.91 and a beta of 1.79. The company's fifty day simple moving average is $122.46 and its 200-day simple moving average is $144.75. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $190.09.

Blackstone (NYSE:BX - Get Free Report) last released its quarterly earnings results 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. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the business earned $1.69 EPS. The business's revenue was up 41.4% on a year-over-year basis. Equities research analysts predict that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were paid a $1.49 dividend. This represents a $5.96 annualized dividend and a dividend yield of 5.2%. This is a positive change from Blackstone's previous quarterly dividend of $1.29. The ex-dividend date was Monday, February 9th. Blackstone's payout ratio is presently 153.61%.

Analyst Ratings Changes

Several research analysts recently weighed in on BX shares. Citizens Jmp reaffirmed a "market outperform" rating and issued a $195.00 target price on shares of Blackstone in a research report on Friday, January 30th. Barclays dropped their price target on Blackstone from $164.00 to $126.00 and set an "equal weight" rating for the company in a research note on Monday, March 2nd. Rothschild & Co Redburn reduced their price objective on Blackstone from $165.00 to $158.00 and set a "neutral" rating on the stock in a research note on Monday, February 2nd. BMO Capital Markets dropped their target price on shares of Blackstone from $165.00 to $126.00 and set an "outperform" rating for the company in a research report on Tuesday, March 24th. Finally, Royal Bank Of Canada began coverage on shares of Blackstone in a research report on Monday, February 23rd. They set an "outperform" rating and a $179.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.00.

Insider Activity at Blackstone

In related news, major shareholder Holdings Iv Gp Mana Blackstone purchased 2,868,069 shares of the company's stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average price of $26.15 per share, for a total transaction of $75,000,004.35. Following the completion of the purchase, the insider owned 18,628,295 shares in the company, valued at approximately $487,129,914.25. This represents a 18.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the transaction, the insider owned 25,832 shares in the company, valued at $90,670.32. This trade represents a 99.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by company insiders.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Record life‑sciences fund close — Blackstone announced the final close of a $6.3 billion life‑sciences fund, a fundraising win that strengthens fee revenue visibility and demonstrates investor demand for BX’s private capital products. Why Blackstone (BX) Stock Is Up Today
• Positive Sentiment: AUM and fundraising strength — Analysis highlights BX’s fundraising power driving AUM to about $1.3 trillion, which boosts fee‑based earnings stability and supports long‑term growth and valuation of management fees. Does Blackstone's Fundraising Strength Anchor Its Growth Story?
• Positive Sentiment: Asset monetization — Blackstone sold the Fidere residential portfolio to Brookfield for roughly $1.4 billion, a disposition that realizes value and can improve liquidity or redeploy capital into higher‑return opportunities. Blackstone sells Fidere residential portfolio to Brookfield for $1.4 billion
• Positive Sentiment: Brand/PR initiative — Blackstone named golfer Tommy Fleetwood as global brand ambassador to raise visibility with private wealth clients; this is largely PR‑oriented but supports the firm’s retail/private wealth push over time. Blackstone Announces Tommy Fleetwood as Global Brand Ambassador
• Neutral Sentiment: Relative valuation piece — A comparison article (IX vs BX) weighs BX’s value vs Orix; useful for investors but not an immediate catalyst. IX vs. BX: Which Stock Is the Better Value Option?
• Neutral Sentiment: Valuation/coverage checks — Coverage notes a steep YTD share pullback and re‑examines BX’s valuation; helps frame risk/reward but is analysis rather than new corporate action. Blackstone (BX) Valuation Check
• Neutral Sentiment: General market profile — Company page/quote coverage providing market data and snapshots; background context for traders. Blackstone Inc. (CNN Markets)
• Negative Sentiment: Regulatory scrutiny — Lawmakers (House Financial Services Committee Democrats) are probing Blackstone, Ares and peers over private‑credit practices; heightened regulatory and political risk can pressure valuations, fundraising and deal activity. Lawmakers probe Blackstone, Ares and peers over private credit practices
• Negative Sentiment: Committee questions noted in market chatter — Follow‑on reports reiterate regulatory attention from House Democrats, sustaining uncertainty around private credit oversight. Market Chatter: Blackstone and Others Face Questions From House Financial Services Committee Democrats Over Private Credit
• Negative Sentiment: Analyst cut — BMO slashed its BX price target to $126 (from $165) while keeping an Outperform rating, signaling growing uncertainty about the alternative‑asset manager group and weighing on sentiment. BMO Capital Cuts Blackstone (BX)’s Price Target to $126

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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