TD Waterhouse Canada Inc. Sells 23,156 Shares of Blackstone Inc. $BX

Key Points

• TD Waterhouse Canada cut its Blackstone stake by 7.7%, selling 23,156 shares and retaining 277,236 shares worth approximately $31.2 million. Institutional investors collectively own about 70% of Blackstone.
• Analyst sentiment remains cautiously positive, with a consensus rating of “Moderate Buy” and an average price target of $143.70, despite several recent target-price reductions.
• Blackstone faces near-term earnings risks, including weaker realizations, muted deal exits and elevated bearish options activity. The company is scheduled to report third-quarter 2026 results on October 22.

TD Waterhouse Canada Inc. reduced its position in shares of Blackstone Inc. (NYSE:BX - Free Report) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 277,236 shares of the asset manager's stock after selling 23,156 shares during the period. TD Waterhouse Canada Inc.'s holdings in Blackstone were worth $31,167,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Blackstone in the second quarter worth $6,112,162,000. Bank of America Corp DE purchased a new stake in shares of Blackstone during the 2nd quarter worth $1,364,373,000. Legal & General Group Plc purchased a new stake in shares of Blackstone during the 2nd quarter worth $605,267,000. Bank of New York Mellon Corp acquired a new position in shares of Blackstone during the 2nd quarter worth $514,736,000. Finally, Deutsche Bank AG purchased a new position in shares of Blackstone in the 2nd quarter valued at about $270,380,000. Institutional investors and hedge funds own 70.00% of the company's stock.

Insider Activity at Blackstone

In other news, Director Joseph Baratta sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $123.80, for a total transaction of $12,380,000.00. Following the completion of the transaction, the director directly owned 771,599 shares of the company's stock, valued at $95,523,956.20. This trade represents a 11.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Private Multi-Asset Blackstone acquired 573,614 shares of the business's stock in a transaction that occurred on Thursday, July 23rd. The shares were bought at an average price of $26.15 per share, with a total value of $15,000,006.10. Following the completion of the transaction, the insider directly owned 8,455,758 shares in the company, valued at approximately $221,118,071.70. The trade was a 7.28% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 1,038,406 shares of company stock valued at $27,205,951 and have sold 4,077,276 shares valued at $37,573,644. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company initiated coverage on shares of Blackstone in a research note on Friday, October 2nd. They issued an "equal weight" rating and a $122.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of Blackstone from $136.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, July 16th. Royal Bank Of Canada increased their target price on shares of Blackstone from $161.00 to $169.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Weiss Ratings upgraded shares of Blackstone from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, July 24th. Finally, Barclays decreased their price target on Blackstone from $128.00 to $124.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 8th. Thirteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $143.70.

Key Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone funds are reportedly set to exit ZO Skin Health through a $1.5 billion sale to Galderma. The transaction could provide a meaningful realization for Blackstone and demonstrate progress monetizing portfolio investments. Blackstone funds set to exit ZO Skin Health in $1.5 billion Galderma deal
• Neutral Sentiment: Director Joseph Baratta plans to resign from Blackstone’s board at the end of 2026, resulting in a planned board reduction. The announcement does not indicate an operational change but may draw some investor attention because of Baratta’s senior role at the firm. Joseph Baratta to resign from Blackstone board at year-end
• Neutral Sentiment: Blackstone is scheduled to report third-quarter 2026 results on Oct. 22 before the market opens. Investors will focus on assets under management, fundraising, capital deployment, realizations and the effect of market volatility on performance fees. Blackstone's Q3 Earnings on the Deck: What's in Store for BX?
• Negative Sentiment: Analysts expect third-quarter earnings to decline despite growth in assets under management. Higher expenses, muted deal exits and weaker revenue could reduce the likelihood of an earnings beat, making the upcoming report a near-term risk for BX. Earnings Preview: Blackstone Inc. Q3 Earnings Expected to Decline
• Negative Sentiment: Blackstone’s fair-value assessment edged lower as analysts weighed softer realizations, while UBS Group also cut its price target. These revisions suggest concerns that slower exits and monetization could pressure near-term returns. Blackstone Stock Fair Value Edges Lower
• Negative Sentiment: Options activity was unusually elevated, with traders purchasing 22,725 BX put contracts, approximately 20% above typical put volume. While this is not definitive evidence of future performance, it reflects increased demand for downside protection or bearish exposure.

Blackstone Trading Down 2.5%

Shares of BX stock opened at $106.47 on Friday. Blackstone Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $165.14. The stock has a market cap of $79.92 billion, a P/E ratio of 23.82, a P/E/G ratio of 1.28 and a beta of 1.59. The business has a fifty day simple moving average of $128.21 and a 200-day simple moving average of $124.13. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.63.

Blackstone (NYSE:BX - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.18. Blackstone had a return on equity of 23.77% and a net margin of 21.84%. The business had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The business's revenue was up 35.9% on a year-over-year basis. On average, analysts forecast that Blackstone Inc. will post 5.91 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $1.29 per share. This is an increase from Blackstone's previous quarterly dividend of $1.16. The ex-dividend date was Monday, August 3rd. This represents a $5.16 annualized dividend and a yield of 4.8%. Blackstone's payout ratio is 115.44%.

About Blackstone

Blackstone Inc NYSE: BX is a global alternative asset management firm that provides investment and advisory services to institutional investors, companies, and qualified individual investors. The company manages capital across private equity, real estate, credit and insurance, infrastructure, hedge fund solutions, secondaries, and growth-oriented investments.

Blackstone invests in and manages portfolios of businesses, properties, infrastructure assets, and credit instruments across a range of industries.

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