United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Grows Stock Position in Blackstone Inc. $BX

Key Points

• United Super raised its stake in Blackstone (BX) by 6.5% in Q3 to 339,753 shares (worth $58.05M), making it the fund's 15th-largest holding and about 2.1% of its portfolio.
• Blackstone shares fell roughly 4.6% as market sentiment soured due to surging redemptions in its retail private‑credit fund (BCRED), analyst price‑target cuts, a large insider sale and stalled deal talks, weighing on valuation.
• The company beat quarterly EPS estimates ($1.75 vs. $1.54) and raised its quarterly dividend to $1.49 (a ~5.4% yield), although the dividend payout ratio is elevated at about 154%.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in shares of Blackstone Inc. (NYSE:BX - Free Report) by 6.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 339,753 shares of the asset manager's stock after acquiring an additional 20,693 shares during the quarter. Blackstone accounts for about 2.1% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's investment portfolio, making the stock its 15th largest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Blackstone were worth $58,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of BX. Norges Bank purchased a new stake in shares of Blackstone during the second quarter valued at approximately $1,071,348,000. Vanguard Group Inc. raised its holdings in Blackstone by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 69,492,377 shares of the asset manager's stock valued at $10,394,670,000 after buying an additional 1,494,796 shares during the last quarter. Close Asset Management Ltd boosted its position in 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 buying an additional 1,133,197 shares during the period. Lazard Asset Management LLC increased its position in shares of Blackstone by 31.9% in the second quarter. Lazard Asset Management LLC now owns 3,803,344 shares of the asset manager's stock valued at $568,902,000 after acquiring an additional 919,773 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Blackstone by 115.4% during the second 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 during the period. 70.00% of the stock is owned by hedge funds and other institutional investors.

Blackstone News Roundup

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Oaktree co‑founder Howard Marks publicly said there’s “no systemic problem” with private credit, a comment that calms fears about contagion across the sector and can support sentiment for BX. Oaktree's Howard Marks says there's no systemic problem with private credit
• Neutral Sentiment: Barclays reinstated coverage of BX with an Equal Weight rating and a $126 price target after a brief restriction period — coverage resumption reduces uncertainty but the $126 PT is well below recent 200‑day averages. Blackstone (BX) Coverage Reinstated by Barclays with $126 Price Target
• Negative Sentiment: Blackstone’s BCRED fund has seen a surge in redemption requests; the firm raised the repurchase cap and injected capital to meet demand — action avoids a disorderly liquidity event but highlights stress in retail-facing private credit and likely weighs on sentiment and valuation. Blackstone Redemptions Test Liquidity As Shares Trade Below Fair Value
• Negative Sentiment: Analysts cut targets: JPMorgan lowered its BX target to $122 and Barclays’s published target sits at $126 — fresh downward pressure from the sell‑side. JPMorgan Chase & Co. Lowers Blackstone Price Target to $122
• Negative Sentiment: A major shareholder sold roughly $15.96M of BX stock, a transaction that can amplify intraday selling pressure and signal reduced insider conviction. Blackstone Major Shareholder Sells $15,961,420.00 in Stock
• Negative Sentiment: Reports Bloomberg/Reuters that talks for a ~$4B New World deal have stalled over control issues; market reaction to deal uncertainty pressured related shares and sentiment toward BX. Blackstone's $4 billion New World talks stall over control
• Negative Sentiment: Critical analyst pieces and commentary argue valuation and liquidity risks remain elevated (e.g., Seeking Alpha take and broader coverage of retail private‑credit redemptions), sustaining bearish narratives. Avoiding Blackstone And Blackstone Secured Lending...

Blackstone Stock Down 4.6%

Shares of Blackstone stock opened at $110.20 on Friday. Blackstone Inc. has a 1 year low of $105.09 and a 1 year high of $190.09. The firm has a market cap of $81.79 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 0.95 and a beta of 1.79. The company has a 50-day moving average of $139.66 and a 200 day moving average of $152.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.76 and a quick ratio of 0.75.

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 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 business had revenue of $4.36 billion for the quarter, compared to analysts' expectations of $3.69 billion. During the same quarter in the prior year, the company earned $1.69 earnings per share. The business's revenue was up 41.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were paid a dividend of $1.49 per share. The ex-dividend date was Monday, February 9th. This is a positive change from Blackstone's previous quarterly dividend of $1.29. This represents a $5.96 dividend on an annualized basis and a yield of 5.4%. Blackstone's dividend payout ratio (DPR) is presently 153.61%.

Insiders Place Their Bets

In other news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $10.00, for a total value of $15,961,420.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Holdings Iv Gp Mana Blackstone purchased 1,146,789 shares of the stock in a transaction dated Monday, February 23rd. The stock was bought at an average cost of $26.16 per share, with a total value of $30,000,000.24. Following the transaction, the insider owned 16,716,249 shares in the company, valued at $437,297,073.84. The trade was a 7.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BX shares. Argus reduced their price target on Blackstone from $195.00 to $163.00 and set a "buy" rating on the stock in a report on Wednesday, February 4th. Evercore cut their price objective on Blackstone from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft upped their target price on Blackstone from $164.00 to $185.00 and gave the company a "buy" rating in a report on Wednesday, December 17th. TD Cowen cut their price target on shares of Blackstone from $183.00 to $164.00 and set a "buy" rating on the stock in a report on Thursday, February 12th. Finally, HSBC decreased their price objective on shares of Blackstone from $178.00 to $174.00 and set a "hold" rating for the company in a report on Wednesday, January 28th. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $165.86.

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.

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.