Douglas Lane & Associates LLC Has $95.11 Million Stake in Blackstone Inc. $BX

Key Points

• Douglas Lane & Associates LLC trimmed its Blackstone stake by 2.1% in Q4, selling 13,206 shares to hold 617,020 shares valued at about $95.11 million, making BX roughly 1.3% of its portfolio and its 19th-largest position.
• Blackstone beat Q4 estimates, reporting $1.75 EPS vs. $1.54 consensus and $4.36B revenue (up 41.4% YoY), with a 22.17% ROE and analysts projecting roughly 5.87 EPS for the fiscal year.
• Sentiment is mixed: multiple firms have cut price targets (Goldman to $118 and others lower), leaving a consensus "Hold" with an average PT near $157, while Blackstone increased its quarterly dividend to $1.49 (a 5.1% yield) despite a high payout ratio (~153.6%).

Douglas Lane & Associates LLC lowered its holdings in shares of Blackstone Inc. (NYSE:BX - Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 617,020 shares of the asset manager's stock after selling 13,206 shares during the period. Blackstone comprises about 1.3% of Douglas Lane & Associates LLC's portfolio, making the stock its 19th biggest holding. Douglas Lane & Associates LLC owned about 0.08% of Blackstone worth $95,107,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Blackstone by 34.6% in the 4th quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager's stock valued at $1,365,000 after acquiring an additional 2,035 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Blackstone by 9.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,076 shares of the asset manager's stock valued at $310,000 after acquiring an additional 177 shares during the last quarter. United Bank increased its holdings in Blackstone by 14.7% in the second quarter. United Bank now owns 13,528 shares of the asset manager's stock valued at $2,024,000 after purchasing an additional 1,729 shares during the period. Nebula Research & Development LLC acquired a new stake in Blackstone in the second quarter valued at $1,124,000. Finally, Tenere Capital LLC increased its holdings in Blackstone by 11.6% in the second quarter. Tenere Capital LLC now owns 190,100 shares of the asset manager's stock valued at $28,435,000 after purchasing an additional 19,700 shares during the period. Institutional investors and hedge funds own 70.00% of the company's stock.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone funds bought a significant minority stake in Rowan Digital Infrastructure, backing a fast‑growing U.S. hyperscale data‑center developer — supports long‑term growth in infrastructure AUM and fee income. Rowan Digital Infrastructure Announces Strategic Recapitalization
• Positive Sentiment: Blackstone Credit and Dubai Aerospace Enterprise launched a $1.6B‑a‑year aircraft‑leasing investment programme, expanding recurring leasing platforms and deployment opportunities for credit/insurance strategies. Dubai's DAE and Blackstone launch $1.6 billion annual aircraft leasing programme
• Positive Sentiment: Blackstone sold a $723M stake in Legence amid strong demand — a realization that boosts liquidity and demonstrates exit execution for private holdings. Legence draws strong demand as Blackstone sells $723M stake
• Neutral Sentiment: Coverage highlights stable fee‑based revenue and record AUM as cushions through market volatility, but notes valuation and credit risks — supports fundamentals but leaves stock upside conditional. BX Navigates Market Volatility on Stable Fee Revenues: Is It a Buy?
• Neutral Sentiment: Barron's reports new private credit fund launches even as redemptions rise — signals ongoing product demand but elevated redemption dynamics in private credit. New Private Credit Funds Are Being Launched Even as Redemptions Rise
• Negative Sentiment: TD Cowen cut its price target to $141 but kept a buy rating — a trim in expectations that can weigh on upside sentiment. TD Cowen Adjusts Price Target on Blackstone to $141 from $164, Keeps Buy Rating
• Negative Sentiment: Rothschild & Co Redburn lowered its PT to $138 and moved to neutral — another analyst trimming upside. Rothschild & Co Redburn Adjusts PT on Blackstone to $138
• Negative Sentiment: Jefferies, Barclays, Piper Sandler and Goldman all trimmed price targets or kept hold/equal‑weight stances (Jefferies to $143, Barclays to $124, Piper to $122, Goldman to $118), increasing near‑term selling pressure from cautious analysts. Jefferies Adjusts PT Barclays Adjusts PT Piper Sandler Lowers PT Goldman Lowers PT

Blackstone Stock Performance

Shares of BX opened at $117.04 on Friday. 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 stock has a 50-day moving average of $118.30 and a 200-day moving average of $142.06. The company has a market cap of $86.86 billion, a PE ratio of 30.16, a P/E/G ratio of 1.18 and a beta of 1.74. Blackstone Inc. has a one year low of $101.73 and a one year high of $190.09.

Blackstone (NYSE:BX - Get Free Report) last issued its earnings results on Thursday, January 29th. The asset manager reported $1.75 EPS for the quarter, beating 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 company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the business posted $1.69 EPS. The firm's revenue for the quarter was up 41.4% compared to the same quarter last year. On average, equities research analysts predict that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were given a $1.49 dividend. This represents a $5.96 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Monday, February 9th. This is a positive change from Blackstone's previous quarterly dividend of $1.29. Blackstone's payout ratio is 153.61%.

Insider Activity at Blackstone

In other news, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the company's stock in a transaction on Friday, March 20th. The shares were purchased at an average price of $26.15 per share, with a total value of $75,000,004.35. Following the transaction, the insider directly owned 18,628,295 shares in the company, valued at $487,129,914.25. This represents a 18.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of Blackstone stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the transaction, the insider directly owned 25,832 shares in the company, valued at approximately $90,670.32. This represents a 99.66% decrease in their position. The SEC filing for this sale provides additional information. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on BX. The Goldman Sachs Group decreased their price objective on Blackstone from $158.00 to $118.00 and set a "neutral" rating for the company in a report on Monday. Evercore decreased their price target on Blackstone from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, January 30th. Piper Sandler decreased their price target on Blackstone from $158.00 to $122.00 and set a "neutral" rating for the company in a report on Tuesday. Weiss Ratings reiterated a "hold (c)" rating on shares of Blackstone in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. decreased their price target on Blackstone from $158.00 to $122.00 and set a "neutral" rating for the company in a report on Tuesday, March 3rd. Ten analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Blackstone currently has a consensus rating of "Hold" and an average price target of $157.38.

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.

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.