Kercheville Advisors LLC Sells 20,739 Shares of Blackstone Inc. $BX

Key Points

• Kercheville Advisors reduced its stake by 38.0%, selling 20,739 Blackstone shares and retaining 33,851 shares worth about $5.24 million (BX is ~1.5% of the fund and its 22nd largest holding).
• Blackstone beat Q1 estimates with $1.36 EPS (vs. $1.34 expected) and $3.62 billion revenue, reported record fee‑earning AUM, and declared a $1.16 quarterly dividend (annualized $4.64, ~3.8% yield).
• Market sentiment is mixed: several firms trimmed price targets though consensus is a "Moderate Buy" (~$151), while private‑credit loan defaults and heavy short interest pose near‑term downside risks.

Kercheville Advisors LLC reduced its position in shares of Blackstone Inc. (NYSE:BX - Free Report) by 38.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,851 shares of the asset manager's stock after selling 20,739 shares during the period. Blackstone makes up about 1.5% of Kercheville Advisors LLC's portfolio, making the stock its 22nd biggest holding. Kercheville Advisors LLC's holdings in Blackstone were worth $5,244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BX. Vanguard Group Inc. raised its position in shares of Blackstone by 1.9% in the third 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 in the last quarter. Close Asset Management Ltd lifted its position in shares of Blackstone by 16,035.1% during 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 acquiring an additional 1,133,197 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Blackstone by 115.4% during the 2nd 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 in the last quarter. Invesco Ltd. grew its stake 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 buying an additional 416,933 shares in the last quarter. Finally, State Street Corp increased its holdings in 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.

Insider Transactions at Blackstone

In other Blackstone news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of Blackstone stock in a transaction dated 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 completion of the transaction, the insider owned 25,832 shares in the company, valued at approximately $90,670.32. The trade was a 99.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Holdings Iv Gp Mana Blackstone acquired 2,868,069 shares of the stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of $26.15 per share, with a total value of $75,000,004.35. Following the completion of the purchase, 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is owned by insiders.

Blackstone Stock Down 0.5%

Blackstone stock opened at $121.77 on Friday. The firm has a 50 day moving average price of $116.60 and a two-hundred day moving average price of $138.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.76 and a current ratio of 0.76. Blackstone Inc. has a 52-week low of $101.73 and a 52-week high of $190.09. The firm has a market cap of $90.38 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 1.27 and a beta of 1.74.

Blackstone (NYSE:BX - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, topping 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 company had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.45 billion. During the same period in the prior year, the company posted $1.11 earnings per share. Blackstone's revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts predict that Blackstone Inc. will post 6.12 EPS for the current year.

Blackstone Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Monday, May 4th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, May 4th. Blackstone's dividend payout ratio is 153.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BX shares. Weiss Ratings restated a "hold (c)" rating on shares of Blackstone in a research note on Monday. Morgan Stanley dropped their target price on shares of Blackstone from $215.00 to $184.00 and set an "overweight" rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Blackstone from $156.00 to $146.00 and set a "buy" rating for the company in a research note on Friday. Barclays dropped their price target on Blackstone from $126.00 to $124.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 8th. Finally, Citizens Jmp dropped their target price on Blackstone from $195.00 to $190.00 and set a "market outperform" rating for the company in a research report on Wednesday. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $151.45.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Q1 beat and record AUM — Blackstone reported Q1 results above estimates, fee‑earning AUM hit a record and management flagged strong AI infrastructure and fee‑related earnings growth, a clear fundamental positive for growth and fee visibility. Blackstone Inc (BX) Q1 2026 Earnings Call Highlights
• Positive Sentiment: Dividend boost — Blackstone declared a $1.16 quarterly dividend (annualized yield ~3.8%), supporting income investors and providing a valuation floor.
• Positive Sentiment: Oppenheimer raised its price target to $156 (outperform), signaling some buy‑side conviction that valuation upside remains despite recent volatility. Oppenheimer raises Blackstone PT to $156
• Positive Sentiment: AI infrastructure exposure — Blackstone‑backed AirTrunk exploring bonds to fund data center expansion highlights the firm's exposure to growing AI infrastructure demand, a growth theme investors like. Blackstone-Backed AirTrunk Explores A$500M Bond
• Neutral Sentiment: Mixed analyst moves — Several firms trimmed price targets but left ratings intact (Deutsche Bank to $146, TD Cowen to $140, Rothschild & Co Redburn to $134), reflecting modestly reduced upside assumptions but not broad sell calls. Deutsche Bank adjusts Blackstone PT to $146 Rothschild & Co Redburn adjusts PT to $134 TD Cowen adjusts PT to $140
• Neutral Sentiment: Other analyst note — Morgan Stanley issued a different PT action (recent coverage note), adding to mixed signals from brokers. Morgan Stanley Lowers Blackstone PT to $184
• Negative Sentiment: Private‑credit stress — WSJ reports two large loan defaults (Medallia, Affordable Care) that hit private‑credit lenders including Blackstone, raising short‑term loss and mark risks in Blackstone’s private‑credit portfolios. Two Big Loan Defaults Add to Pain in Private‑Credit Funds
• Negative Sentiment: Negative market narrative / short interest — Jim Cramer noted heavy short‑seller interest in BX, which can amplify downside on mixed headlines even if fundamentals remain intact. Jim Cramer on Blackstone: “Too Many Short Sellers, But Not a Lot of Failures”

Blackstone Company 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.

Want to see what other hedge funds are holding BX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Inc. (NYSE:BX - Free Report).

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.