Cinctive Capital Management LP Invests $4.61 Million in Blackstone Inc. $BX

Key Points

• Cinctive Capital Management LP bought a new stake of 26,968 shares in Blackstone (NYSE: BX) during the third quarter, valued at approximately $4.61 million.
• Significant insider activity occurred: Tactical Opportunit sold 1,596,142 shares at $10.00 (~$15.96M) while Holdings IV GP Mana bought 1,146,789 shares at $26.16 (~$30.0M), increasing its direct ownership to 16,716,249 shares (a 7.37% rise).
• Blackstone raised its quarterly dividend to $1.49 (annualized $5.96), representing a ~5.6% yield, though the payout ratio is high at 153.61%.

Cinctive Capital Management LP bought a new stake in Blackstone Inc. (NYSE:BX - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 26,968 shares of the asset manager's stock, valued at approximately $4,607,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Redwood Financial Network Corp boosted its stake in shares of Blackstone by 1.8% during the 2nd quarter. Redwood Financial Network Corp now owns 3,588 shares of the asset manager's stock worth $537,000 after acquiring an additional 65 shares in the last quarter. Obermeyer Wealth Partners raised its holdings in Blackstone by 2.3% in the 3rd quarter. Obermeyer Wealth Partners now owns 2,993 shares of the asset manager's stock worth $511,000 after purchasing an additional 66 shares during the period. Klingman & Associates LLC boosted its position in Blackstone by 0.4% during the third quarter. Klingman & Associates LLC now owns 15,116 shares of the asset manager's stock worth $2,583,000 after purchasing an additional 67 shares in the last quarter. Lazari Capital Management Inc. increased its position in shares of Blackstone by 4.5% in the third quarter. Lazari Capital Management Inc. now owns 1,578 shares of the asset manager's stock valued at $270,000 after buying an additional 68 shares in the last quarter. Finally, MidWestOne Financial Group Inc. raised its stake in shares of Blackstone by 0.8% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,335 shares of the asset manager's stock worth $1,424,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 70.00% of the company's stock.

Insider Buying and Selling at Blackstone

In related news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the firm'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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Holdings Iv Gp Mana Blackstone bought 1,146,789 shares of the firm's stock in a transaction on Monday, February 23rd. The stock was bought at an average cost of $26.16 per share, for a total transaction of $30,000,000.24. Following the transaction, the insider directly owned 16,716,249 shares of the company's stock, valued at $437,297,073.84. The trade was a 7.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is owned by company insiders.

Blackstone Stock Up 4.4%

NYSE BX opened at $106.62 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $190.09. The business's fifty day simple moving average is $134.85 and its 200-day simple moving average is $150.29. The firm 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 released its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.21. The firm had revenue of $4.36 billion during 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%. Blackstone's revenue was up 41.4% compared to the same quarter last year. During the same period last year, the business earned $1.69 earnings per share. As a group, equities analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The firm also recently disclosed 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 boost from Blackstone's previous quarterly dividend of $1.29. This represents a $5.96 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, February 9th. Blackstone's payout ratio is currently 153.61%.

More Blackstone News

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

Analysts Set New Price Targets

BX has been the subject of several recent analyst reports. Rothschild & Co Redburn cut their price target on shares of Blackstone from $165.00 to $158.00 and set a "neutral" rating for the company in a report on Monday, February 2nd. BMO Capital Markets dropped 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. Royal Bank Of Canada assumed coverage on shares of Blackstone in a research report on Monday, February 23rd. They set an "outperform" rating and a $179.00 price target for the company. Piper Sandler cut their price objective on Blackstone from $168.00 to $158.00 and set a "neutral" rating for the company in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Blackstone in a research report on Wednesday, January 21st. Eleven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, Blackstone has a consensus rating of "Moderate Buy" and a consensus 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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