Blackstone Inc. $BX Position Reduced by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. cut its stake in Blackstone by 64.6% in Q4, selling 10,742 shares and finishing the period with 5,895 shares worth about $909,000.
• Blackstone beat Q4 estimates with $1.75 EPS (vs. $1.54) and $4.36B revenue (up 41.4% YoY), and raised its quarterly dividend to $1.49 (a $5.96 annualized payout, ~4.6% yield).
• A major shareholder, Holdings IV GP Mana Blackstone, bought 2,868,069 shares for roughly $75M on March 20, increasing its direct ownership to about 18.63M shares.

Robeco Institutional Asset Management B.V. decreased its position in shares of Blackstone Inc. (NYSE:BX - Free Report) by 64.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,895 shares of the asset manager's stock after selling 10,742 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Blackstone were worth $909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Blackstone by 1.9% in the third quarter. Vanguard Group Inc. now owns 70,827,437 shares of the asset manager's stock valued at $12,100,868,000 after buying an additional 1,335,060 shares in the last quarter. Close Asset Management Ltd increased its holdings in shares of Blackstone by 16,035.1% in the third 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 in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Blackstone by 115.4% in the second quarter. Canada Pension Plan Investment Board now owns 1,088,786 shares of the asset manager's stock valued at $162,861,000 after buying an additional 583,384 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Blackstone by 11.3% in the third quarter. Invesco Ltd. now owns 4,107,665 shares of the asset manager's stock valued at $701,795,000 after buying an additional 416,933 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Blackstone by 1.3% in the third quarter. State Street Corp now owns 31,362,796 shares of the asset manager's stock valued at $5,358,334,000 after buying an additional 412,281 shares in the last quarter. Institutional investors own 70.00% of the company's stock.

Blackstone Trading Up 0.7%

NYSE BX opened at $129.05 on Friday. Blackstone Inc. has a twelve month low of $101.73 and a twelve month high of $190.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $95.78 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 1.32 and a beta of 1.74. The firm's 50 day moving average price is $117.14 and its two-hundred day moving average price is $139.80.

Blackstone (NYSE:BX - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The asset manager reported $1.75 EPS 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 analysts' expectations of $3.69 billion. During the same period in the previous year, the company posted $1.69 EPS. Blackstone's revenue was up 41.4% on a year-over-year basis. Equities analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were issued a dividend of $1.49 per share. The ex-dividend date was Monday, February 9th. This represents a $5.96 annualized dividend and a dividend yield of 4.6%. This is an increase from Blackstone's previous quarterly dividend of $1.29. Blackstone's dividend payout ratio is presently 153.61%.

Insider Activity

In related news, major shareholder Holdings Iv Gp Mana Blackstone purchased 2,868,069 shares of the stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of $26.15 per share, for a total transaction of $75,000,004.35. Following the acquisition, the insider directly owned 18,628,295 shares in the company, valued at approximately $487,129,914.25. The trade was a 18.20% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of Blackstone stock in a transaction on Friday, February 27th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. The SEC filing for this sale provides additional information. 1.00% of the stock is currently owned by corporate insiders.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: JPMorgan raised its price target on BX to $142 (from $122) while keeping a neutral rating — the raise signals incremental confidence in Blackstone’s near-term earnings/cash‑flow outlook and provides upside to the stock. MarketScreener: JPMorgan adjusts price target on Blackstone
• Positive Sentiment: Analysts and previews (Zacks/Yahoo) expect Blackstone to report growing earnings next week and highlight factors that increase the likelihood of an earnings beat — stronger fee-related revenue and realized gains from investments. Earnings momentum is a primary driver for BX’s near‑term move. Yahoo: Blackstone earnings expected to grow
• Positive Sentiment: Blackstone shares rose after several major banks and asset managers reported better-than-expected Q1 results, which lifted sentiment across the alternatives/asset-management group and benefited BX as a large, diversified manager. Yahoo: Why Blackstone stock is trading up
• Neutral Sentiment: Comparative valuation pieces (IX vs. BX) are drawing investor attention to relative value in the alternatives space; these analyses may shift some flows but don’t change Blackstone’s fundamentals immediately. Watch headlines comparing Orix (IX) and BX for possible rotation. Yahoo: IX or BX — Which is the better value?
• Neutral Sentiment: Industry commentary on peers (e.g., TPG) highlights sector volatility and valuation re-pricing; useful context but not an immediate negative for BX. Investors should focus on Blackstone’s own earnings and fee-related revenue. MarketBeat: TPG and alternatives industry review

Analyst Upgrades and Downgrades

BX has been the topic of several research reports. BMO Capital Markets upped their price target on Blackstone from $126.00 to $132.00 and gave the company an "outperform" rating in a report on Monday, April 13th. Citizens Jmp reaffirmed a "market outperform" rating and issued a $195.00 price target on shares of Blackstone in a report on Friday, January 30th. Royal Bank Of Canada started coverage on shares of Blackstone in a research report on Monday, February 23rd. They set an "outperform" rating and a $179.00 price objective on the stock. Piper Sandler lowered their price objective on shares of Blackstone from $158.00 to $122.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 7th. Finally, Evercore lowered their price objective on shares of Blackstone from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Blackstone presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.45.

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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