Cornerstone Wealth Group LLC Acquires 24,283 Shares of Blackstone Inc. $BX

Key Points

• Cornerstone Wealth Group LLC increased its Blackstone (BX) stake by 42.9%
• Blackstone beat Q4 estimates with $1.75 EPS (vs. $1.54 expected) and $4.36B revenue (up 41.4% YoY), and raised its quarterly dividend to $1.49 (annualized $5.96, yield ~4.6%).
• Market signals are mixed: analysts show a consensus "Moderate Buy" with a $155.55 target amid recent upgrades and target cuts, while insider activity included a large purchase of 2.87M shares (~$75M) and a separate 7.48M‑share sale; institutional investors own about 70% of the stock.

Cornerstone Wealth Group LLC raised its holdings in shares of Blackstone Inc. (NYSE:BX - Free Report) by 42.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 80,823 shares of the asset manager's stock after acquiring an additional 24,283 shares during the period. Cornerstone Wealth Group LLC's holdings in Blackstone were worth $12,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BX. Vanguard Group Inc. grew its holdings in shares of Blackstone by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 70,827,437 shares of the asset manager's stock valued at $12,100,868,000 after buying an additional 1,335,060 shares during the period. Close Asset Management Ltd grew its holdings in shares of Blackstone by 16,035.1% in the 3rd quarter. Close Asset Management Ltd now owns 1,140,264 shares of the asset manager's stock valued at $194,746,000 after buying an additional 1,133,197 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Blackstone by 115.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,088,786 shares of the asset manager's stock valued at $162,861,000 after buying an additional 583,384 shares during the period. Invesco Ltd. grew its holdings in shares of Blackstone by 11.3% in the 3rd quarter. Invesco Ltd. now owns 4,107,665 shares of the asset manager's stock valued at $701,795,000 after buying an additional 416,933 shares during the period. Finally, State Street Corp grew its holdings in shares of Blackstone by 1.3% in the 3rd quarter. State Street Corp now owns 31,362,796 shares of the asset manager's stock valued at $5,358,334,000 after buying an additional 412,281 shares during the period. Institutional investors and hedge funds own 70.00% of the company's stock.

Blackstone Price Performance

Shares of NYSE BX opened at $130.25 on Thursday. Blackstone Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $190.09. The stock has a market capitalization of $96.67 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 1.31 and a beta of 1.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.76 and a quick ratio of 0.76. The business has a 50-day moving average of $117.12 and a 200-day moving average of $140.21.

Blackstone (NYSE:BX - Get Free Report) last released its earnings results 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. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the company posted $1.69 earnings per share. Blackstone's revenue was up 41.4% on a year-over-year basis. As a group, sell-side analysts predict that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a dividend of $1.49 per share. The ex-dividend date was Monday, February 9th. This is a boost from Blackstone's previous quarterly dividend of $1.29. This represents a $5.96 annualized dividend and a yield of 4.6%. Blackstone's dividend payout ratio is currently 153.61%.

Key Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Oppenheimer upgraded BX to Outperform, citing attractive valuation after a recent pullback and strong real‑estate/operating performance — a catalyst for renewed buying interest. Oppenheimer Upgrades Blackstone NYSE: BX to Outperform
• Positive Sentiment: BMO Capital Markets published a bullish forecast pointing to strong price appreciation potential, adding another institutional endorsement that can support flows into the shares. BMO Capital Markets Forecasts Strong Price Appreciation for Blackstone NYSE: BX Stock
• Positive Sentiment: Barron’s reports that private‑credit markets look calm, which reinforces expectations for stable fee generation, fundraising and NAV stability across Blackstone’s credit platforms. Private Credit Looks Calm. Why Blackstone and Ares Stocks Are Starting to Climb.
• Positive Sentiment: Reports say Blackstone has teamed with I Squared Capital to pursue Ströer’s core advertising business — a move that would expand European media exposure and diversify asset mix, potentially supporting AUM growth. Blackstone Eyes Stroer Deal As European Media Role Expands
• Neutral Sentiment: Blackstone executives urge investors to separate “signal from the noise” on private credit — reassuring but also flagging client questions about transparency, loan losses and sector exposures to monitor. Blackstone's Joan Solotar says investors should separate ‘signal from the noise' in private credit
• Neutral Sentiment: Coverage assessing BX valuation notes a recent ~20% 90‑day pullback; that weakness created the valuation case analysts cite for upgrades but remains a background risk if macro or credit stress reappears. Assessing Blackstone (BX) Valuation After Oppenheimer Upgrade And Recent Share Price Pullback

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Blackstone in a report on Wednesday, January 21st. JPMorgan Chase & Co. reduced their target price on shares of Blackstone from $158.00 to $122.00 and set a "neutral" rating for the company in a research note on Tuesday, March 3rd. BMO Capital Markets upped their target price on shares of Blackstone from $126.00 to $132.00 and gave the stock an "outperform" rating in a research note on Monday. The Goldman Sachs Group reduced their target price on shares of Blackstone from $158.00 to $118.00 and set a "neutral" rating for the company in a research note on Monday, April 6th. Finally, Piper Sandler reduced their target price on shares of Blackstone from $158.00 to $122.00 and set a "neutral" rating for the company in a research note on Tuesday, April 7th. Eleven investment 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.55.

Insider Buying and Selling

In related 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 shares were acquired at an average price of $26.15 per share, for a total transaction of $75,000,004.35. Following the completion of the acquisition, the insider owned 18,628,295 shares of the company's stock, valued at approximately $487,129,914.25. The trade was a 18.20% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the company's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total value of $26,246,039.04. Following the sale, the insider owned 25,832 shares in the company, valued at $90,670.32. The trade was a 99.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by corporate insiders.

About Blackstone

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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