Blackstone Inc. $BX Stake Lifted by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its Blackstone stake by 34.1% in the second quarter, bringing its holdings to 75,814 shares valued at approximately $8.9 million. Institutional investors collectively own about 70% of Blackstone’s outstanding stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $148.71; recent targets range from $127 to $145 among major brokerages.
• Blackstone exceeded quarterly expectations with EPS of $1.52 and revenue of $5.04 billion, while raising its quarterly dividend to $1.29 per share, equivalent to a 4.4% annualized yield.

Envestnet Portfolio Solutions Inc. lifted its stake in shares of Blackstone Inc. (NYSE:BX - Free Report) by 34.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,814 shares of the asset manager's stock after purchasing an additional 19,297 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Blackstone were worth $8,916,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BX. BlackRock Inc. bought a new stake in shares of Blackstone in the second quarter valued at approximately $6,112,162,000. State Street Corp boosted its holdings in shares of Blackstone by 0.6% in the fourth quarter. State Street Corp now owns 31,542,009 shares of the asset manager's stock worth $4,861,885,000 after acquiring an additional 179,213 shares during the period. Bank of America Corp DE purchased a new position in shares of Blackstone in the second quarter valued at $1,364,373,000. Norges Bank purchased a new stake in Blackstone during the 4th quarter worth about $1,275,747,000. Finally, Capital Research Global Investors boosted its stake in Blackstone by 99.2% in the 4th quarter. Capital Research Global Investors now owns 6,381,767 shares of the asset manager's stock worth $983,690,000 after purchasing an additional 3,178,133 shares during the period. Hedge funds and other institutional investors own 70.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BX. Barclays upped their price target on Blackstone from $119.00 to $128.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of Blackstone in a research note on Monday, June 8th. They set a "buy" rating for the company. The Goldman Sachs Group increased their target price on shares of Blackstone from $114.00 to $127.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. TD Cowen boosted their price target on shares of Blackstone from $133.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Finally, Rothschild & Co Redburn lowered their price objective on Blackstone from $134.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 9th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $148.71.

Insiders Place Their Bets

In other Blackstone news, Director Ruth Porat acquired 371 shares of the business's stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $137.17 per share, with a total value of $50,890.07. Following the purchase, the director owned 42,189 shares of the company's stock, valued at approximately $5,787,065.13. This trade represents a 0.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John G. Finley sold 45,000 shares of Blackstone stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $147.11, for a total transaction of $6,619,950.00. Following the completion of the transaction, the insider owned 516,017 shares in the company, valued at approximately $75,911,260.87. The trade was a 8.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have bought 1,038,406 shares of company stock valued at $27,205,951 and have sold 184,500 shares valued at $24,446,135. Corporate insiders own 1.00% of the company's stock.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: New private-markets fund could expand fee-earning assets. Blackstone launched BXPM, a perpetual fund designed to give investors simplified, single-allocation access to its private-equity, private-credit, infrastructure and real-estate strategies. The product may broaden distribution and support long-term fundraising and management-fee growth. Blackstone Announces Third-Quarter 2026 Investor Call
• Positive Sentiment: Blackstone expanded its renewable-energy exposure. The company completed the purchase of a 24.7% stake in Europe-based Eurowind Energy, adding to its energy-transition investment portfolio and potentially creating future realization opportunities. Blackstone closes buy of 24.7 percent stake in Eurowind Energy
• Neutral Sentiment: Blackstone scheduled its third-quarter 2026 investor call. The announcement is routine, but the call could provide updates on fundraising, realizations, asset performance and the BXPM launch. Third-quarter 2026 investor call announcement
• Neutral Sentiment: Barclays maintained a Hold rating. Its $119 price target indicates limited near-term upside relative to recent trading levels, reinforcing a cautious view without representing a new downgrade. Barclays remains a Hold on Blackstone
• Negative Sentiment: Macro and sector pressures appear to be the main drag. Higher government-bond yields, firmer oil prices and risk reduction across alternative-asset managers pressured BX and peers. That weakness overshadowed Blackstone’s preliminary expectation of more than $350 million in third-quarter realization-related revenue, approximately 90% from realized performance revenues. Blackstone slides as sector pressure outweighs realization update
• Negative Sentiment: Discounted tender offers highlight private-credit valuation concerns. Cox Capital’s offers for shares of Blackstone- and BlackRock-managed private-credit funds at discounts to net asset value may reinforce investor concerns about liquidity and pricing in private markets. Cox Capital launches tender offers for private-credit funds

Blackstone Price Performance

BX stock opened at $117.19 on Friday. The firm has a 50 day simple moving average of $133.97 and a two-hundred day simple moving average of $123.89. The stock has a market cap of $87.97 billion, a PE ratio of 26.22, a P/E/G ratio of 1.39 and a beta of 1.56. Blackstone Inc. has a one year low of $101.73 and a one year high of $178.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.72 and a quick ratio of 0.72.

Blackstone (NYSE:BX - Get Free Report) last released its earnings results on Thursday, July 23rd. The asset manager reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.18. Blackstone had a return on equity of 23.77% and a net margin of 21.84%.The business had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $3.42 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The firm's revenue was up 35.9% on a year-over-year basis. On average, analysts predict that Blackstone Inc. will post 5.99 EPS for the current fiscal year.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were issued a dividend of $1.29 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $5.16 dividend on an annualized basis and a dividend yield of 4.4%. This is a positive change from Blackstone's previous quarterly dividend of $1.16. Blackstone's payout ratio is 115.44%.

Blackstone Company Profile

Blackstone Inc is a global alternative asset management firm that provides investment management and advisory services to institutions, corporations, and individual investors. The company invests across multiple asset classes, including private equity, real estate, credit, infrastructure, insurance solutions, and hedge fund solutions.

Its investment activities include acquiring and managing businesses, commercial and residential properties, infrastructure assets, and credit investments.

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