Blackstone Inc. $BX Shares Sold by Transcend Capital Advisors LLC

Key Points

• Transcend Capital Advisors trimmed its stake in Blackstone by 16.3% in Q4, selling 8,382 shares and leaving it with 43,052 shares valued at about $6.636 million.
• Major shareholder Holdings IV GP Mana Blackstone bought 2,868,069 shares at roughly $26.15 each (~$75 million), increasing its ownership to 18,628,295 shares (an 18.2% boost).
• Blackstone raised its quarterly dividend to $1.49 (annualized $5.96) for a yield around 4.9%; the firm also recently beat quarterly EPS estimates and carries a consensus analyst target of about $155.55.

Transcend Capital Advisors LLC trimmed its holdings in shares of Blackstone Inc. (NYSE:BX - Free Report) by 16.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,052 shares of the asset manager's stock after selling 8,382 shares during the quarter. Transcend Capital Advisors LLC's holdings in Blackstone were worth $6,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BX. Brighton Jones LLC increased its position in shares of Blackstone by 34.6% during the 4th quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager's stock worth $1,365,000 after purchasing an additional 2,035 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Blackstone by 9.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,076 shares of the asset manager's stock worth $310,000 after purchasing an additional 177 shares during the last quarter. United Bank increased its position in shares of Blackstone by 14.7% during the 2nd quarter. United Bank now owns 13,528 shares of the asset manager's stock worth $2,024,000 after purchasing an additional 1,729 shares during the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Blackstone during the 2nd quarter worth about $1,124,000. Finally, Sei Investments Co. boosted its holdings in Blackstone by 1.9% during the 2nd quarter. Sei Investments Co. now owns 452,619 shares of the asset manager's stock valued at $67,703,000 after acquiring an additional 8,655 shares during the period. 70.00% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Oppenheimer upgraded BX from Market Perform to Outperform and set a $154 price target, calling Blackstone a “premier franchise at a very attractive valuation” — a catalyst for buying interest. Read More.
• Positive Sentiment: BMO Capital Markets raised its price target to $132 and kept an Outperform rating, reinforcing the bullish analyst tone. Read More.
• Positive Sentiment: Blackstone filed for an IPO of Blackstone Digital Infrastructure Trust targeting roughly $2B to invest in hyperscale data centers, and is expanding in aircraft leasing (Equator JV) — strategic growth initiatives that support higher long‑term earnings potential. Read More. Read More.
• Positive Sentiment: Zacks highlighted BX among finance names with positive earnings momentum, which can attract momentum traders ahead of reporting cycles. Read More.
• Neutral Sentiment: Market commentary and analysis pieces are prompting re-evaluations of BX’s valuation after recent share weakness; these discussions can add volatility but aren’t direct catalysts. Read More.
• Neutral Sentiment: BX’s listing/weight in indexes and tracking of asset allocation strategies is being reported — informative for passive flows but not an immediate price driver. Read More.
• Negative Sentiment: Several brokers trimmed price targets recently (HSBC to $131, TD Cowen to $141, Rothschild & Co Redburn to $138), which can cap upside and contribute to mixed sentiment. Read More. Read More. Read More.

Analysts Set New Price Targets

A number of equities analysts recently commented on BX shares. Rothschild & Co Redburn lowered their target price on Blackstone from $158.00 to $138.00 and set a "neutral" rating for the company in a report on Thursday, April 9th. Evercore lowered their target price on Blackstone from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, January 30th. Barclays lowered their target price on Blackstone from $126.00 to $124.00 and set an "equal weight" rating for the company in a report on Wednesday, April 8th. Citigroup restated a "market outperform" rating on shares of Blackstone in a report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Blackstone from $164.00 to $185.00 and gave the company a "buy" rating in a report on Wednesday, December 17th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $155.55.

Insider Buying and Selling

In other Blackstone news, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the firm's stock in a transaction that occurred on Friday, March 20th. The stock was purchased 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 directly owned 18,628,295 shares in the company, valued at $487,129,914.25. This trade represents a 18.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the business's stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $10.00, for a total value of $15,961,420.00. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is owned by company insiders.

Blackstone Stock Performance

Shares of BX opened at $121.72 on Tuesday. The stock has a 50-day simple moving average of $117.36 and a 200-day simple moving average of $140.62. 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 capitalization of $90.33 billion, a PE ratio of 31.37, a PEG ratio of 1.18 and a beta of 1.74. Blackstone Inc. has a 1 year low of $101.73 and a 1 year high of $190.09.

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 (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.21. The business had revenue of $4.36 billion during the quarter, compared to analysts' expectations of $3.69 billion. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The business's quarterly revenue was up 41.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 EPS. On average, analysts predict 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. Investors of record on Monday, February 9th were paid a dividend of $1.49 per share. The ex-dividend date was Monday, February 9th. This is a positive change from Blackstone's previous quarterly dividend of $1.29. This represents a $5.96 annualized dividend and a yield of 4.9%. Blackstone's dividend payout ratio (DPR) is presently 153.61%.

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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