Oppenheimer Asset Management Inc. Sells 74,447 Shares of Blackstone Inc. $BX

Key Points

• Oppenheimer Asset Management sold 74,447 shares of Blackstone in Q4, cutting its stake by 96.9% to 2,353 shares valued at about $363,000.
• Blackstone beat Q1 estimates (EPS $1.36 vs. $1.34; revenue $3.62B, up 10% year‑over‑year) and is pursuing strategic initiatives like a US$1.5B Anthropic AI JV, a data‑center REIT and life‑sciences investments, but also reported a markdown in a private‑credit fund.
• The firm declared a quarterly dividend of $1.16 (annualized $4.64, yield 3.8%) with a payout ratio of 118.7%, while major shareholder Holdings IV GP Mana bought 2.868M shares (~$75M) even as insiders have sold roughly 9.1M shares in the past three months.

Oppenheimer Asset Management Inc. lessened its position in Blackstone Inc. (NYSE:BX - Free Report) by 96.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,353 shares of the asset manager's stock after selling 74,447 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Blackstone were worth $363,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. REAP Financial Group LLC purchased a new position in shares of Blackstone during the third quarter valued at approximately $26,000. Family CFO Inc purchased a new position in shares of Blackstone during the fourth quarter valued at approximately $28,000. Ares Financial Consulting LLC purchased a new position in shares of Blackstone during the fourth quarter valued at approximately $28,000. Richardson Financial Services Inc. purchased a new position in shares of Blackstone during the fourth quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Blackstone during the third quarter valued at approximately $30,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

Blackstone Stock Performance

Shares of NYSE BX opened at $122.42 on Friday. The firm has a fifty day moving average price of $116.32 and a 200-day moving average price of $136.17. 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 stock has a market cap of $90.86 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63. Blackstone Inc. has a 1 year low of $101.73 and a 1 year high of $190.09.

Blackstone (NYSE:BX - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.02. The firm had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.45 billion. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 earnings per share. Equities analysts anticipate that Blackstone Inc. will post 5.91 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, May 4th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.8%. Blackstone's dividend payout ratio is 118.67%.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is leading a US$1.5 billion joint venture with Anthropic, Goldman Sachs and Hellman & Friedman to deploy generative AI (Claude) across portfolio companies — a strategic push that could drive efficiency gains, product innovation and longer‑term fee/valuation upside across Blackstone’s holdings. Blackstone’s US$1.5b Anthropic JV Tests AI Across Its Portfolio
• Positive Sentiment: Blackstone Life Sciences committed $250 million to Anagram Therapeutics to advance an oral enzyme replacement therapy — a sizable life‑sciences investment that expands BX’s growth pipeline and could yield meaningful returns if the drug advances. Blackstone Life Sciences Invests $250 Million in Anagram Therapeutics
• Positive Sentiment: Blackstone filed to spin up a data‑center REIT (Blackstone Digital Infrastructure Trust, BXDC), offering a pure‑play vehicle to monetize and grow its digital infrastructure exposure tied to the AI/data‑center boom — a move that could unlock value and attract yield‑seeking investors. New Blackstone REIT to offer pure-play exposure to data centers, AI boom
• Positive Sentiment: A Blackstone‑led group of private‑credit lenders plans to inject at least $100 million into Medallia, showing active deal origination in its private‑credit business and potential near‑term interest income and fee opportunities. Market Chatter: Blackstone-Led Lenders Plan $100 Million Capital Injection Into Medallia
• Positive Sentiment: Celebrity investor commentary: Jim Cramer said he’s interested in buying more Blackstone after recent management appearances — a short‑term sentiment boost that can drive retail flows. Jim Cramer Says “I’m Interested in Buying More Blackstone”
• Neutral Sentiment: Recent analyst coverage pieces and roundups are reviewing BX’s outlook and valuation (P/E, fee‑bearing AUM drivers); useful for context but no single consensus shift was reported in these articles. Do Wall Street analysts like Blackstone stock?
• Negative Sentiment: Blackstone cut the value of one of its private‑credit funds in Q1 — a markdown that raises short‑term concerns about asset valuations and credit stress in parts of its lending book, which likely weighs on sentiment and helped push the stock lower today. Blackstone cuts value of private credit fund in first quarter

Insider Activity at Blackstone

In related news, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the company's stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average price of $26.15 per share, for a total transaction of $75,000,004.35. Following the completion of the transaction, the insider owned 18,628,295 shares in the company, valued at $487,129,914.25. The trade was a 18.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Vikrant Sawhney sold 30,014 shares of the company's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $125.79, for a total transaction of $3,775,461.06. Following the transaction, the insider owned 899,669 shares of the company's stock, valued at approximately $113,169,363.51. This represents a 3.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,103,660 shares of company stock worth $45,982,920 in the last three months. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

BX has been the subject of a number of research reports. BNP Paribas Exane reduced their target price on shares of Blackstone from $167.00 to $156.00 and set a "neutral" rating for the company in a report on Monday, January 12th. Argus reduced their target price on shares of Blackstone from $163.00 to $146.00 and set a "buy" rating for the company in a report on Tuesday, April 28th. Oppenheimer upped their target price on shares of Blackstone from $154.00 to $156.00 and gave the company an "outperform" rating in a report on Friday, April 24th. Rothschild & Co Redburn reduced their target price on shares of Blackstone from $138.00 to $134.00 and set a "neutral" rating for the company in a report on Friday, April 24th. Finally, Morgan Stanley reduced 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, April 21st. Eleven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Blackstone presently has a consensus rating of "Hold" and a consensus target price of $150.95.

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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