Insider Buying: Blackstone (NYSE:BX) Major Shareholder Purchases $30,000,000.24 in Stock

Key Points

• Major shareholder Holdings Iv Gp Mana Blackstone bought 1,146,789 shares on Feb. 23 at an average of $26.16 — a $30,000,000.24 purchase that raised its direct stake to 16,716,249 shares (a 7.37% increase).
• Blackstone beat quarterly estimates with $1.75 EPS and $4.36 billion revenue (revenue +41.4% YoY) and raised its quarterly dividend to $1.49, implying a $5.96 annualized payout (~5.1% yield).
• Shares rose about 2.3% to $116.27 on higher-than-normal volume, and analysts maintain a consensus rating of "Moderate Buy" with an average target of $169.38.

Blackstone Inc. (NYSE:BX - Get Free Report) major shareholder Holdings Iv Gp Mana Blackstone bought 1,146,789 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The stock was purchased at an average cost of $26.16 per share, with a total value of $30,000,000.24. Following the completion of the transaction, the insider directly owned 16,716,249 shares in the company, valued at $437,297,073.84. This represents a 7.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Holdings Iv Gp Mana Blackstone also recently made the following trade(s):

• On Friday, December 19th, Holdings Iv Gp Mana Blackstone acquired 384,468 shares of Blackstone stock. The stock was purchased at an average cost of $26.01 per share, with a total value of $10,000,012.68.

Blackstone Stock Up 2.3%

Shares of NYSE:BX traded up $2.56 during trading on Tuesday, reaching $116.27. 10,054,626 shares of the stock were exchanged, compared to its average volume of 6,575,871. The stock has a fifty day moving average of $146.84 and a two-hundred day moving average of $156.03. Blackstone Inc. has a 1-year low of $111.04 and a 1-year high of $190.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.76 and a quick ratio of 0.75. The firm has a market cap of $85.86 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 0.94 and a beta of 1.76.

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

Blackstone Increases Dividend

The business also recently declared 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. This is an increase from Blackstone's previous quarterly dividend of $1.29. The ex-dividend date was Monday, February 9th. This represents a $5.96 dividend on an annualized basis and a yield of 5.1%. Blackstone's dividend payout ratio (DPR) is presently 153.61%.

Institutional Investors Weigh In On Blackstone

Several large investors have recently modified their holdings of BX. REAP Financial Group LLC bought a new position in shares of Blackstone in the third quarter worth $26,000. Traub Capital Management LLC bought a new position in Blackstone in the 2nd quarter worth about $27,000. Family CFO Inc bought a new stake in shares of Blackstone during the fourth quarter valued at about $28,000. Ares Financial Consulting LLC bought a new position in shares of Blackstone in the fourth quarter valued at approximately $28,000. Finally, Richardson Financial Services Inc. bought a new stake in Blackstone during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 70.00% of the company's stock.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: RBC Capital initiated coverage with an "Outperform" rating, giving investors a fresh, bullish institutional endorsement that can attract buying interest and support multiple expansion. RBC Initiates Coverage
• Positive Sentiment: Blackstone Life Sciences (BXLS) announced a co-funding agreement to advance an AML therapy (bleximenib). This clinical/strategic win boosts BX’s growth narrative in life sciences investing and can improve fee-related earnings if the program advances or is monetized. BXLS Co-Funding AML
• Positive Sentiment: Multiple bullish write-ups (bull-case theory pieces) are circulating that highlight Blackstone’s fee-income resilience, asset realization potential and long-term scale — narratives that can lure value-oriented investors after recent weakness. Bull Case Theory (MSN)
• Neutral Sentiment: Analysts are recalibrating valuation assumptions for BX as fee structures, fundraising pace and realizations evolve — this can lead to mixed near-term estimates even if the long-term thesis remains intact. Watch for follow-through from major sell- or buy-side shops. Analysts Reset Valuation Expectations
• Negative Sentiment: A recent analysis flags a sharp share-price pullback driven by rising Treasury yields, pressure across alternatives, and investor worry about fundraising, fees and realizations — factors that can keep the stock under pressure until clarity on fundraising and performance arrives. Assessment After Sharp Declines

Analyst Upgrades and Downgrades

BX has been the topic of a number of recent research reports. UBS Group dropped their target price on Blackstone from $171.00 to $137.00 and set a "neutral" rating on the stock in a report on Friday. Rothschild & Co Redburn dropped their price objective on Blackstone from $165.00 to $158.00 and set a "neutral" rating on the stock in a research note on Monday, February 2nd. 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 note on Wednesday, February 4th. BMO Capital Markets cut their price target on shares of Blackstone from $180.00 to $165.00 and set an "outperform" rating on the stock in a report on Monday, February 2nd. Finally, BNP Paribas Exane decreased their price objective on shares of Blackstone from $167.00 to $156.00 and set a "neutral" rating for the company in a research note on Monday, January 12th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $169.38.

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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