Intact Investment Management Inc. Purchases New Stake in Blackstone Inc. $BX

Key Points

• Intact Investment Management purchased a new stake of 31,200 Blackstone shares in Q4, valued at about $4,809,000, with institutional investors now owning roughly 70% of the company.
• Blackstone is pursuing growth initiatives including a lead role in a $1.5 billion Anthropic AI joint venture and a planned data‑center vehicle (BXDC) targeting about $1.7–1.75 billion, both of which could drive recurring fee revenue.
• Analyst coverage is mixed (11 buys, 11 holds, 1 sell) with a consensus target of $150.95, while insiders have sold roughly 9.1 million shares (~$46 million) over the past three months, leaving insider ownership at about 1%.

Intact Investment Management Inc. purchased a new stake in shares of Blackstone Inc. (NYSE:BX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,200 shares of the asset manager's stock, valued at approximately $4,809,000.

Several other institutional investors also recently added to or reduced their stakes in BX. Vanguard Group Inc. boosted its position in Blackstone by 1.9% during the third quarter. Vanguard Group Inc. now owns 70,827,437 shares of the asset manager's stock worth $12,100,868,000 after purchasing an additional 1,335,060 shares during the period. Close Asset Management Ltd boosted its position in Blackstone by 16,035.1% during the third quarter. Close Asset Management Ltd now owns 1,140,264 shares of the asset manager's stock worth $194,746,000 after purchasing an additional 1,133,197 shares during the period. Canada Pension Plan Investment Board boosted its position in Blackstone by 115.4% during the second quarter. Canada Pension Plan Investment Board now owns 1,088,786 shares of the asset manager's stock worth $162,861,000 after purchasing an additional 583,384 shares during the period. Invesco Ltd. boosted its position in Blackstone by 11.3% during the third quarter. Invesco Ltd. now owns 4,107,665 shares of the asset manager's stock worth $701,795,000 after purchasing an additional 416,933 shares during the period. Finally, State Street Corp boosted its position in Blackstone by 1.3% during the third quarter. State Street Corp now owns 31,362,796 shares of the asset manager's stock worth $5,358,334,000 after purchasing an additional 412,281 shares during the period. Institutional investors own 70.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BX shares. Argus decreased their price objective on Blackstone from $163.00 to $146.00 and set a "buy" rating on the stock in a research note on Tuesday, April 28th. Jefferies Financial Group decreased their price objective on Blackstone from $161.00 to $143.00 and set a "buy" rating on the stock in a research note on Wednesday, April 8th. Weiss Ratings restated a "hold (c)" rating on shares of Blackstone in a research report on Monday, April 20th. The Goldman Sachs Group cut their price objective on shares of Blackstone from $118.00 to $116.00 and set a "neutral" rating for the company in a research report on Friday, April 24th. Finally, Oppenheimer raised their price objective on shares of Blackstone from $154.00 to $156.00 and gave the company an "outperform" rating in a research report on Friday, April 24th. Eleven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $150.95.

Insider Buying and Selling at Blackstone

In other Blackstone news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of Blackstone stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. 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 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 $90,670.32. This trade represents a 99.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 9,103,660 shares of company stock valued at $45,982,920. 1.00% of the stock is owned by insiders.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is a lead backer in a new $1.5 billion joint venture with AI firm Anthropic and other Wall Street firms to sell AI tools to private‑equity‑owned companies — this could drive recurring consulting and platform fees across Blackstone’s portfolio and third‑party clients. Anthropic and Wall Street titans form $1.5 billion consulting joint venture - FT Anthropic teams with Goldman, Blackstone and others on $1.5 billion AI venture targeting PE-owned firms
• Positive Sentiment: Blackstone is spinning up a data‑center vehicle (Blackstone Digital Infrastructure Trust, ticker BXDC) that aims to raise ~$1.7–1.75 billion for newly built, hyperscaler‑leased assets — a potential fee‑earning asset‑management growth driver and a way to crystallize value in digital infrastructure. Blackstone vehicle aims to raise over $1.7 billion in US IPO for data center bet Blackstone data center REIT IPO seeks $1.75 billion
• Neutral Sentiment: Coverage comparing Blackstone (BX) to peers (e.g., Orix/IX) and valuation write‑ups may be reinforcing mixed investor views on BX’s current multiple and growth expectations; these analyses can influence trading but are not direct company catalysts. IX vs. BX: Which Stock Is the Better Value Option? IX vs. BX: Which Stock Is the Better Value Option? - Zacks
• Neutral Sentiment: Retail/bullish commentary and note summaries (social media and financial sites) are circulating a buy thesis for BX, but these are secondary to company announcements and macro flows. Is Blackstone Inc. (BX) A Good Stock To Buy Now?
• Negative Sentiment: An insider (Vikrant Sawhney) reported a sale of 30,014 BX shares — a modest potential negative signal that some traders use to justify caution, though insider sales are frequently routine. Vikrant Sawhney Sells 30,014 Shares of Blackstone NYSE: BX Stock

Blackstone Trading Down 2.5%

Shares of Blackstone stock opened at $123.18 on Tuesday. Blackstone Inc. has a 1 year low of $101.73 and a 1 year high of $190.09. The firm has a market cap of $91.42 billion, a PE ratio of 31.50, a PEG ratio of 1.38 and a beta of 1.63. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76. The company has a 50 day simple moving average of $115.95 and a two-hundred day simple moving average of $136.94.

Blackstone (NYSE:BX - Get Free Report) last announced its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.02. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period in the previous year, the business posted $1.11 earnings per share. Blackstone's revenue for the quarter was up 10.0% on a year-over-year basis. Analysts expect that Blackstone Inc. will post 5.91 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, May 4th will be given a dividend of $1.16 per share. The ex-dividend date is Monday, May 4th. This represents a $4.64 annualized dividend and a yield of 3.8%. Blackstone's payout ratio is presently 152.43%.

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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