Blackstone Inc. $BX Stock Position Reduced by Highland Capital Management LLC

Key Points

• Highland Capital Management cut its stake in Blackstone by 68.2% in the fourth quarter, selling 15,173 shares and leaving it with 7,085 shares valued at about $1.09 million.
• A major insider, Holdings IV GP Mana Blackstone, purchased 2,868,069 shares at $26.15 (~$75M), raising its holdings to 18,628,295 shares, while other insiders have sold roughly 9.10 million shares (~$46M) over the past 90 days.
• Blackstone beat the quarter with $1.36 EPS (vs. $1.34) and revenue of $3.62B (+10% YoY), is pursuing AI partnerships and a $1.7–1.75B data‑center IPO, but analysts still hold a consensus "Hold" with trimmed price targets.

Highland Capital Management LLC cut its stake in shares of Blackstone Inc. (NYSE:BX - Free Report) by 68.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,085 shares of the asset manager's stock after selling 15,173 shares during the period. Highland Capital Management LLC's holdings in Blackstone were worth $1,092,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Redwood Financial Network Corp grew its position in Blackstone by 1.8% during the second quarter. Redwood Financial Network Corp now owns 3,588 shares of the asset manager's stock valued at $537,000 after purchasing an additional 65 shares in the last quarter. Obermeyer Wealth Partners grew its position in Blackstone by 2.3% in the third quarter. Obermeyer Wealth Partners now owns 2,993 shares of the asset manager's stock worth $511,000 after acquiring an additional 66 shares in the last quarter. Klingman & Associates LLC grew its position in Blackstone by 0.4% in the third quarter. Klingman & Associates LLC now owns 15,116 shares of the asset manager's stock worth $2,583,000 after acquiring an additional 67 shares in the last quarter. Lazari Capital Management Inc. grew its position in Blackstone by 4.5% in the third quarter. Lazari Capital Management Inc. now owns 1,578 shares of the asset manager's stock worth $270,000 after acquiring an additional 68 shares in the last quarter. Finally, Benchmark Financial Wealth Advisors LLC grew its position in Blackstone by 0.9% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 7,748 shares of the asset manager's stock worth $1,194,000 after acquiring an additional 69 shares in the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Holdings Iv Gp Mana Blackstone bought 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 transaction, the insider directly owned 18,628,295 shares of the company's stock, valued at $487,129,914.25. This trade represents a 18.20% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 9,103,660 shares of company stock worth $45,982,920. Company insiders own 1.00% of the company's stock.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is part of a roughly $1.5 billion Anthropic-led venture with Goldman, Hellman & Friedman and others to deploy AI tools (Claude) across PE-owned portfolio companies. For Blackstone this could accelerate operational improvements at portfolio firms, create new fee or services opportunities and strengthen competitive advantages in sourcing and scaling deals. Anthropic teams with Goldman, Blackstone and others on $1.5 billion AI venture targeting PE-owned firms
• Positive Sentiment: Reports say Blackstone and KKR are in talks with Alphabet to give their portfolio companies access to Google AI models. Direct access to leading AI models could boost productivity and valuations across Blackstone’s holdings and speed value creation in exits. Market Chatter: Blackstone, KKR in Talks With Alphabet to Give Portfolio Companies Access to AI Models
• Positive Sentiment: Blackstone’s new data-center vehicle (Blackstone Digital Infrastructure Trust / BXDC) is targeting roughly $1.7–1.75 billion in a U.S. IPO to buy newly built data centers leased to hyperscalers. This expands BX’s fee-bearing AUM and taps a hot sector (secular demand for cloud infra), potentially adding recurring management/transaction fees and unlocking value via a public listing. Blackstone vehicle aims to raise over $1.7 billion in US IPO for data center bet
• Neutral Sentiment: Analyses comparing Blackstone (BX) with peers on valuation (e.g., Orix / IX comparisons) are circulating; these pieces provide context on relative value but don’t change fundamentals immediately. Useful for investors re-assessing BX vs. other asset managers or alternative-asset plays. IX vs. BX: Which Stock Is the Better Value Option?
• Negative Sentiment: An analyst consensus recently settled at an average “Hold” for BX, which signals limited near-term upside in Street expectations and could cap buying interest until clearer catalysts (earnings beats, visible fee growth, or successful IPO execution) emerge. Blackstone Inc. NYSE: BX Receives Average Recommendation of "Hold" from Analysts

Blackstone Price Performance

NYSE:BX opened at $122.78 on Wednesday. The stock has a market cap of $91.12 billion, a P/E ratio of 31.40, a PEG ratio of 1.34 and a beta of 1.63. Blackstone Inc. has a one year low of $101.73 and a one year high of $190.09. The company has a fifty day moving average price of $115.98 and a 200 day moving average price of $136.65. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76.

Blackstone (NYSE:BX - Get Free Report) last released its earnings results on Thursday, April 23rd. The asset manager reported $1.36 EPS for the quarter, beating the consensus estimate of $1.34 by $0.02. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The firm had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.45 billion. During the same period in the prior year, the company earned $1.11 EPS. The business's quarterly revenue was up 10.0% compared to the same quarter last year. Analysts anticipate that Blackstone Inc. will post 5.91 earnings per share for the current year.

Blackstone Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Monday, May 4th will be given a dividend of $1.16 per share. The ex-dividend date is Monday, May 4th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.8%. Blackstone's dividend payout ratio (DPR) is 118.67%.

Wall Street Analysts Forecast Growth

BX has been the subject of several recent research reports. The Goldman Sachs Group decreased their target price on shares of Blackstone from $118.00 to $116.00 and set a "neutral" rating for the company in a research report on Friday, April 24th. Barclays decreased their target price on shares of Blackstone from $126.00 to $124.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 8th. JPMorgan Chase & Co. reduced their price objective on shares of Blackstone from $142.00 to $136.00 and set a "neutral" rating for the company in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Blackstone from $156.00 to $146.00 and set a "buy" rating for the company in a research note on Friday, April 24th. Finally, UBS Group reduced their price objective on shares of Blackstone from $171.00 to $137.00 and set a "neutral" rating for the company in a research note on Friday, February 20th. Eleven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $150.95.

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.

Want to see what other hedge funds are holding BX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Inc. (NYSE:BX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.