Third View Private Wealth LLC Takes Position in Blackstone Inc. $BX

Key Points

• Third View Private Wealth LLC bought a new stake of 8,811 shares in Blackstone (NYSE:BX) during Q4, valued at about $1.36 million.
• About 70% of BX is held by institutions—Vanguard, Close Asset, CPP, Invesco and State Street all increased positions—while analysts are mixed but the consensus rating is “Moderate Buy” with an average price target of $155.55.
• Blackstone recently beat quarterly estimates (EPS $1.75 vs. $1.54) with revenue up 41.4% YoY, and raised its quarterly dividend to $1.49 (annualized $5.96) for a roughly 4.9% yield.

Third View Private Wealth LLC bought a new stake in shares of Blackstone Inc. (NYSE:BX - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 8,811 shares of the asset manager's stock, valued at approximately $1,358,000.

Several other institutional investors have also made changes to their positions in BX. Vanguard Group Inc. boosted its position in shares of Blackstone by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 70,827,437 shares of the asset manager's stock valued at $12,100,868,000 after acquiring an additional 1,335,060 shares in the last quarter. Close Asset Management Ltd boosted 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 in the last quarter. Canada Pension Plan Investment Board lifted its holdings in 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 valued at $162,861,000 after purchasing an additional 583,384 shares during the last quarter. Invesco Ltd. lifted its holdings in Blackstone by 11.3% during the 3rd quarter. Invesco Ltd. now owns 4,107,665 shares of the asset manager's stock valued at $701,795,000 after purchasing an additional 416,933 shares during the last quarter. Finally, State Street Corp lifted its holdings in Blackstone by 1.3% during 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 purchasing an additional 412,281 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BX shares. Piper Sandler cut their price target on shares of Blackstone from $158.00 to $122.00 and set a "neutral" rating for the company in a report on Tuesday, April 7th. Oppenheimer raised shares of Blackstone from a "market perform" rating to an "outperform" rating and set a $154.00 price target for the company in a report on Monday. Jefferies Financial Group cut their price target on shares of Blackstone from $161.00 to $143.00 and set a "buy" rating for the company in a report on Wednesday, April 8th. BNP Paribas Exane cut their price target 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. Finally, BMO Capital Markets boosted their target price on shares of Blackstone from $126.00 to $132.00 and gave the stock an "outperform" rating in a research note on Monday. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $155.55.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Oppenheimer upgraded BX from Market Perform to Outperform and set a $154 price target, calling Blackstone a “premier franchise at a very attractive valuation” — a catalyst for buying interest. Read More.
• Positive Sentiment: BMO Capital Markets raised its price target to $132 and kept an Outperform rating, reinforcing the bullish analyst tone. Read More.
• Positive Sentiment: Blackstone filed for an IPO of Blackstone Digital Infrastructure Trust targeting roughly $2B to invest in hyperscale data centers, and is expanding in aircraft leasing (Equator JV) — strategic growth initiatives that support higher long‑term earnings potential. Read More. Read More.
• Positive Sentiment: Zacks highlighted BX among finance names with positive earnings momentum, which can attract momentum traders ahead of reporting cycles. Read More.
• Neutral Sentiment: Market commentary and analysis pieces are prompting re-evaluations of BX’s valuation after recent share weakness; these discussions can add volatility but aren’t direct catalysts. Read More.
• Neutral Sentiment: BX’s listing/weight in indexes and tracking of asset allocation strategies is being reported — informative for passive flows but not an immediate price driver. Read More.
• Negative Sentiment: Several brokers trimmed price targets recently (HSBC to $131, TD Cowen to $141, Rothschild & Co Redburn to $138), which can cap upside and contribute to mixed sentiment. Read More. Read More. Read More.

Blackstone Trading Up 6.0%

BX opened at $121.72 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $90.33 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 1.18 and a beta of 1.74. The firm has a 50 day simple moving average of $117.36 and a 200 day simple moving average of $140.62. Blackstone Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $190.09.

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

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were paid a dividend of $1.49 per share. This represents a $5.96 dividend on an annualized basis and a dividend yield of 4.9%. This is a positive change from Blackstone's previous quarterly dividend of $1.29. The ex-dividend date of this dividend was Monday, February 9th. Blackstone's payout ratio is presently 153.61%.

Insider Buying and Selling

In related news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the business's 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the transaction, the insider owned 25,832 shares of the company's stock, valued at approximately $90,670.32. This represents a 99.66% decrease in their position. The SEC filing for this sale provides additional information. 1.00% of the stock is currently owned by insiders.

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.

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