Mackenzie Financial Corp Has $154.49 Million Stock Holdings in Blackstone Inc. $BX

Key Points

• Mackenzie Financial increased its stake in Blackstone to 904,237 shares (a 2.1% rise), worth about $154.49 million, and institutional investors now own roughly 70% of the stock.
• Blackstone beat quarterly expectations with $1.75 EPS and revenue up 41.4% YoY, and raised its quarterly dividend to $1.49 (a 5.6% yield), though the dividend payout ratio is elevated at 153.6%.
• Sentiment is mixed: analysts have trimmed price targets and valuation concerns persist, while heavy redemptions in the $82B BCRED private‑credit fund (requiring ~ $400M support) plus rising short interest and put buying have increased downside headline risk.

Mackenzie Financial Corp boosted its position in Blackstone Inc. (NYSE:BX - Free Report) by 2.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 904,237 shares of the asset manager's stock after purchasing an additional 18,339 shares during the period. Mackenzie Financial Corp owned about 0.12% of Blackstone worth $154,489,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. REAP Financial Group LLC acquired a new position in shares of Blackstone during the 3rd quarter worth approximately $26,000. Traub Capital Management LLC acquired a new stake in Blackstone during the 2nd quarter valued at $27,000. Redmont Wealth Advisors LLC acquired a new position in shares of Blackstone in the third quarter valued at $30,000. Parvin Asset Management LLC acquired a new stake in shares of Blackstone during the 2nd quarter worth about $35,000. Finally, Rexford Capital Inc. bought a new stake in shares of Blackstone during the 2nd quarter worth about $35,000. Institutional investors own 70.00% of the company's stock.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone Energy Transition Partners agreed to acquire a majority stake in Advanced Cooling Technologies (ACT), expanding BX’s energy‑transition and thermal‑management exposure while leaving ACT management as significant shareholders — a strategic tuck‑in that supports fee and carry growth. Blackstone Energy Transition Partners Announces Agreement to Acquire Majority Stake in Advanced Cooling Technologies
• Positive Sentiment: Blackstone and Blue Owl acquired a stake in PE firm Atlas, signaling continued partnership-driven deal activity that can expand BX’s alternative asset footprint and fee streams. Blackstone, Blue Owl Capital acquire stake in PE firm Atlas
• Positive Sentiment: Blackstone Life Sciences is co‑funding clinical trials with Johnson & Johnson and the firm is reported to be exploring a Whitestone REIT deal — moves that diversify earnings and create new fee/carry upside over time. Blackstone Balances Life Sciences Bet And REIT Interest As Valuation Lags
• Neutral Sentiment: Analysts note BX trades at a premium to peers (forward P/E ~16.5 vs industry ~9.9), raising valuation questions even as assets under management and fundraising remain strong. Premium Valuation: Should Investors Still Consider Blackstone Stock?
• Neutral Sentiment: WSJ commentary suggests diversified alternative managers like Blackstone are structurally better positioned to weather a pullback in private credit, tempering some systemic risk concerns. Why Blackstone and BlackRock Can Ride Out the Private-Credit Storm
• Negative Sentiment: Heightened redemption activity in BX’s $82B BCRED private‑credit fund triggered record withdrawal requests, forcing a roughly $400M capital injection and an increased share‑repurchase cap to meet liquidity needs — a headline risk that has materially hurt sentiment and share performance. A Look At Blackstone’s (BX) Valuation As Private Credit Redemptions Draw Fresh Scrutiny
• Negative Sentiment: Macro and sector pressure: commentary and data show private‑equity/private‑credit stocks have fallen sharply in recent months, amplifying outflows and risk‑off behavior for BX. Private equity stocks down 30-40% in three months, bigger worry than geopolitical risk
• Negative Sentiment: Market positioning has turned bearish: short interest rose ~27.8% in February and recent uncommon put buying (~29,939 puts) points to accelerated downside hedging/speculation that increases selling pressure on the stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Bank of America lowered their price target on shares of Blackstone from $199.00 to $189.00 in a report on Wednesday, December 10th. Jefferies Financial Group lowered their target price on Blackstone from $185.00 to $161.00 and set a "buy" rating on the stock in a research note on Tuesday, February 10th. Royal Bank Of Canada initiated coverage on Blackstone in a research note on Monday, February 23rd. They issued an "outperform" rating and a $179.00 price target for the company. HSBC lowered their price objective on Blackstone from $178.00 to $174.00 and set a "hold" rating on the stock in a research report on Wednesday, January 28th. Finally, Argus reduced their target price on shares of Blackstone from $195.00 to $163.00 and set a "buy" rating for the company in a research report on Wednesday, February 4th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Blackstone presently has a consensus rating of "Moderate Buy" and an average price target of $165.86.

Insiders Place Their Bets

In other Blackstone news, major shareholder Holdings Iv Gp Mana Blackstone acquired 1,146,789 shares of Blackstone stock in a transaction that occurred on Monday, February 23rd. The shares were acquired at an average cost of $26.16 per share, with a total value of $30,000,000.24. Following the completion of the purchase, the insider directly owned 16,716,249 shares of the company's stock, valued at $437,297,073.84. This represents a 7.37% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of Blackstone stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. The disclosure for this sale is available in the SEC filing. Company insiders own 1.00% of the company's stock.

Blackstone Stock Down 2.5%

BX stock opened at $107.25 on Thursday. Blackstone Inc. has a 52 week low of $105.09 and a 52 week high of $190.09. The business has a 50-day simple moving average of $136.94 and a 200 day simple moving average of $151.37. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.61. The company has a market cap of $79.60 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 0.87 and a beta of 1.79.

Blackstone (NYSE:BX - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.21. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the company posted $1.69 earnings per share. The business's revenue for the quarter was up 41.4% on a year-over-year basis. Sell-side analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were given a dividend of $1.49 per share. This is an increase from Blackstone's previous quarterly dividend of $1.29. This represents a $5.96 annualized dividend and a yield of 5.6%. The ex-dividend date was Monday, February 9th. Blackstone's dividend payout ratio (DPR) is presently 153.61%.

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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