Fayez Sarofim & Co Boosts Stock Holdings in Blackstone Inc. $BX

Key Points

• Fayez Sarofim & Co increased its Blackstone stake by 1.9% in Q3 to 1,270,608 shares (about 0.17% of the company) valued at roughly $217.1 million.
• Major insider moves included Tactical Opportunit selling 1,596,142 shares at an average $10 (≈$15.96M) while Holdings IV GP Mana bought 1,146,789 shares at $26.16 (≈$30M), raising their holding to 16,716,249 shares; insiders own about 1.0%.
• Blackstone beat quarterly estimates (EPS $1.75 vs $1.54; revenue $4.36B), reported record AUM (~$1.27T) and raised its quarterly dividend to $1.49 (5.6% yield), but analysts have trimmed price targets and the stock trades near its 52‑week low (~$106) versus a consensus target of ~$165.86.

Fayez Sarofim & Co grew its position in Blackstone Inc. (NYSE:BX - Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,270,608 shares of the asset manager's stock after purchasing an additional 24,237 shares during the period. Fayez Sarofim & Co owned about 0.17% of Blackstone worth $217,083,000 at the end of the most recent reporting period.

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

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

Insiders Place Their Bets

In related news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the company's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdings Iv Gp Mana Blackstone purchased 1,146,789 shares of the company's stock in a transaction on Monday, February 23rd. The shares were purchased at an average cost of $26.16 per share, with a total value of $30,000,000.24. Following the purchase, the insider owned 16,716,249 shares of the company's stock, valued at approximately $437,297,073.84. The trade was a 7.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BX. Barclays reduced their price target 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. UBS Group dropped their target price on shares of Blackstone from $171.00 to $137.00 and set a "neutral" rating on the stock in a research note on Friday, February 20th. HSBC decreased their price target on shares of Blackstone from $178.00 to $174.00 and set a "hold" rating for the company in a research note on Wednesday, January 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of Blackstone in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group lowered their target price on Blackstone from $166.00 to $158.00 and set a "neutral" rating on the stock in a research note on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Blackstone has an average rating of "Moderate Buy" and a consensus target price of $165.86.

Blackstone Price Performance

Blackstone stock opened at $106.62 on Monday. The business has a 50-day simple moving average of $134.85 and a 200 day simple moving average of $150.29. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $190.09. The stock has a market cap of $79.13 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 0.85 and a beta of 1.80. 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 (NYSE:BX - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.21. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $3.69 billion. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The company's revenue for the quarter was up 41.4% on a year-over-year basis. During the same quarter last year, the company posted $1.69 EPS. On average, research analysts forecast that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The business also recently declared 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 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 currently 153.61%.

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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