Chevy Chase Trust Holdings LLC Sells 9,434 Shares of Blackstone Inc. $BX

Key Points

• Chevy Chase Trust trimmed its Blackstone stake by 2.4%, selling 9,434 shares and now owning 378,618 shares (about 0.05%) valued at roughly $64.69 million.
• Blackstone beat expectations for the quarter (EPS $1.75 vs. $1.54; revenue $4.36B, +41.4% YoY) and raised its quarterly dividend to $1.49, implying a 5.6% yield.
• Market and analyst signals are mixed: shares have rebounded on a sector recovery and record AUM, but several firms have reduced price targets; the consensus rating is "Moderate Buy" with an average target of $165.86.

Chevy Chase Trust Holdings LLC reduced its holdings in Blackstone Inc. (NYSE:BX - Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 378,618 shares of the asset manager's stock after selling 9,434 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Blackstone worth $64,687,000 as of its most recent filing with the SEC.

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

Blackstone Trading Up 4.4%

Shares of NYSE BX opened at $106.62 on Monday. Blackstone Inc. has a 1-year low of $101.73 and a 1-year high of $190.09. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average of $134.85 and a two-hundred day moving average of $150.29. The company 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 1.80.

Blackstone (NYSE:BX - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The asset manager reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the business posted $1.69 earnings per share. Blackstone's revenue for the quarter was up 41.4% compared to the same quarter last year. As a group, equities analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a $1.49 dividend. 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 5.6%. The ex-dividend date was Monday, February 9th. Blackstone's dividend payout ratio (DPR) is 153.61%.

Insider Activity

In other Blackstone news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the business's 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Holdings Iv Gp Mana Blackstone bought 1,146,789 shares of Blackstone stock in a transaction dated Monday, February 23rd. The stock was acquired at an average cost of $26.16 per share, for a total transaction of $30,000,000.24. Following the purchase, the insider directly owned 16,716,249 shares in the company, valued at approximately $437,297,073.84. The trade was a 7.37% increase in their position. The disclosure for this purchase is available in the SEC filing. 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: 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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BX shares. Barclays cut their price objective on shares of Blackstone from $164.00 to $126.00 and set an "equal weight" rating for the company in a research report on Monday, March 2nd. TD Cowen reduced their price objective on Blackstone from $183.00 to $164.00 and set a "buy" rating for the company in a research report on Thursday, February 12th. Piper Sandler reduced their target price on Blackstone from $168.00 to $158.00 and set a "neutral" rating for the company in a research report on Monday, February 2nd. Bank of America lowered their price target on shares of Blackstone from $199.00 to $189.00 in a report on Wednesday, December 10th. Finally, BMO Capital Markets decreased their target price on shares of Blackstone from $180.00 to $165.00 and set an "outperform" rating on the stock in a research report on Monday, February 2nd. Eleven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $165.86.

Blackstone 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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