BNP Paribas Raises Holdings in Blackstone Inc. $BX

Key Points

• BNP Paribas boosted its stake in Blackstone by 69.7% in Q3 to 48,828 shares, adding 20,051 shares and bringing the position to about $8.34 million.
• Major shareholder Holdings Iv Gp Mana Blackstone acquired 1,146,789 shares (~$30 million) while another large holder sold 1,596,142 shares, and institutional investors own roughly 70% of BX.
• Blackstone reported record AUM of about $1.27 trillion, beat quarterly EPS and revenue estimates (EPS $1.75 vs $1.54; revenue $4.36B vs $3.69B) and raised its quarterly dividend to $1.49 (annualized $5.96, ~5.6% yield).

BNP Paribas boosted its position in Blackstone Inc. (NYSE:BX - Free Report) by 69.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 48,828 shares of the asset manager's stock after acquiring an additional 20,051 shares during the period. BNP Paribas' holdings in Blackstone were worth $8,342,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new stake in shares of Blackstone during the 3rd quarter valued at approximately $26,000. Redmont Wealth Advisors LLC bought a new stake in Blackstone during the 3rd quarter valued at $30,000. Traub Capital Management LLC purchased a new stake in shares of Blackstone during the second quarter worth $27,000. Kelleher Financial Advisors purchased a new position in shares of Blackstone in the third quarter valued at $34,000. Finally, Parvin Asset Management LLC purchased a new stake in Blackstone during the 2nd quarter worth about $35,000. Institutional investors own 70.00% of the company's stock.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Sector rebound lifts BX — Blackstone rose as private‑credit stocks broadly recovered, helping shares rebound after recent weakness in the group. Why Blackstone (BX) Stock Is Up Today
• Positive Sentiment: Record AUM supports fee growth — Blackstone’s assets under management hit about $1.27 trillion, boosting fee‑bearing capital and underpinning longer‑term earnings potential despite private‑credit headline risk. Will Blackstone's Rising AUM Balance Aid Long-Term Earnings Growth?
• Positive Sentiment: Long‑term performance track record — Analysis showing strong 10‑year returns highlights BX’s compounding of fee and carry businesses, supporting investor confidence over multi‑year horizons. $100 Invested In Blackstone 10 Years Ago Would Be Worth This Much Today
• Neutral Sentiment: AI/portfolio strategy talks — Reports that Anthropic has discussed a joint venture to embed AI across PE portfolios could lower software spend and boost margins, but implications and timing are uncertain. Private equity is about to eat its own software portfolio
• Negative Sentiment: Earlier private‑credit scare pushed shares down — A prior drop was linked to investor concern about private‑credit stability after a major bank announcement, feeding volatility in BX and peers. Why Blackstone (BX) Stock Is Trading Lower Today
• Negative Sentiment: Recent 52‑week low highlights downside sensitivity — Coverage noting BX at a 52‑week low underscores how quickly sentiment can swing on private‑credit headlines and macro concerns. Blackstone Stock Falls To 52-Week Low: Here's Why

Insider Transactions at Blackstone

In other news, major shareholder Holdings Iv Gp Mana Blackstone acquired 1,146,789 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The shares were bought at an average cost of $26.16 per share, with a total value of $30,000,000.24. Following the acquisition, the insider owned 16,716,249 shares in the company, valued at approximately $437,297,073.84. This represents a 7.37% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the company'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. The disclosure for this sale is available in the SEC filing. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

BX has been the subject of a number of recent analyst reports. UBS Group reduced their target price on Blackstone from $171.00 to $137.00 and set a "neutral" rating for the company in a report on Friday, February 20th. The Goldman Sachs Group cut their price objective on shares of Blackstone from $166.00 to $158.00 and set a "neutral" rating for the company in a research report on Friday, January 30th. Evercore decreased their target price on shares of Blackstone from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, January 30th. Citigroup reissued a "market outperform" rating on shares of Blackstone in a report on Friday, January 30th. Finally, Argus decreased their price target on shares of Blackstone from $195.00 to $163.00 and set a "buy" rating on the stock in a report on Wednesday, February 4th. Eleven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.86.

Blackstone Price Performance

BX stock opened at $106.62 on Friday. The firm has a 50 day simple moving average of $134.85 and a two-hundred day simple moving average of $150.44. The stock has a market cap of $79.13 billion, a PE ratio of 27.48, a P/E/G ratio of 0.85 and a beta of 1.79. Blackstone Inc. has a one year low of $101.73 and a one year high of $190.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.76 and a quick ratio of 0.76.

Blackstone (NYSE:BX - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.21. The firm had revenue of $4.36 billion for the quarter, compared to analysts' expectations of $3.69 billion. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The business's quarterly revenue was up 41.4% on a year-over-year basis. During the same quarter last year, the company posted $1.69 EPS. On average, analysts predict that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were issued a $1.49 dividend. This represents a $5.96 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, February 9th. This is an increase from Blackstone's previous quarterly dividend of $1.29. Blackstone's dividend payout ratio (DPR) is currently 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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