Rep. Julie Johnson Sells Off Shares of Blackstone Inc. (NYSE:BX)

Representative Julie Johnson (D-Texas) recently sold shares of Blackstone Inc. NYSE: BX. In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Blackstone stock on April 22nd. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/30/2025.
• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/22/2025.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 4/15/2025.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of 3M NYSE: MMM on 4/11/2025.
• Sold $1,001 - $15,000 in shares of DT Midstream NYSE: DTM on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Howmet Aerospace NYSE: HWM on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Carlisle Companies NYSE: CSL on 4/7/2025.
• Sold $1,001 - $15,000 in shares of Blue Bird NASDAQ: BLBD on 4/7/2025.

Blackstone Trading Down 4.6%

Shares of NYSE:BX traded down $6.67 during midday trading on Wednesday, reaching $137.53. The company's stock had a trading volume of 4,586,627 shares, compared to its average volume of 3,784,953. The firm has a market cap of $100.35 billion, a price-to-earnings ratio of 37.89, a price-to-earnings-growth ratio of 1.07 and a beta of 1.67. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 1 year low of $115.66 and a 1 year high of $200.96. The business has a 50 day moving average price of $137.43 and a 200 day moving average price of $160.99.

Blackstone (NYSE:BX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The asset manager reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.13). The business had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.95 billion. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. During the same period in the prior year, the firm earned $0.98 EPS. Research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 28th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, April 28th. Blackstone's dividend payout ratio is currently 112.05%.

Insider Activity at Blackstone

In related news, insider John G. Finley sold 25,000 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $138.47, for a total value of $3,461,750.00. Following the sale, the insider now owns 475,336 shares of the company's stock, valued at $65,819,775.92. The trade was a 5.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Private Credit Stra Blackstone acquired 1,660,000 shares of Blackstone stock in a transaction on Thursday, May 1st. The stock was acquired at an average cost of $15.00 per share, for a total transaction of $24,900,000.00. Following the purchase, the insider now owns 1,666,667 shares of the company's stock, valued at approximately $25,000,005. This represents a 24,898.76% increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Blackstone from $149.00 to $154.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Morgan Stanley cut their price objective on Blackstone from $222.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company dropped their price target on Blackstone from $160.00 to $139.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Bank of America lowered their target price on Blackstone from $219.00 to $207.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Finally, Citizens Jmp raised Blackstone from a "market perform" rating to an "outperform" rating and set a $165.00 price target for the company in a research note on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $154.82.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BX. McAdam LLC grew its holdings in shares of Blackstone by 4.4% during the 1st quarter. McAdam LLC now owns 1,762 shares of the asset manager's stock worth $246,000 after purchasing an additional 75 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Blackstone by 6.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,277 shares of the asset manager's stock worth $738,000 after purchasing an additional 334 shares in the last quarter. Schmidt P J Investment Management Inc. grew its holdings in shares of Blackstone by 1.7% during the 1st quarter. Schmidt P J Investment Management Inc. now owns 6,769 shares of the asset manager's stock worth $946,000 after purchasing an additional 111 shares in the last quarter. Focus Partners Wealth boosted its stake in Blackstone by 128.3% in the 1st quarter. Focus Partners Wealth now owns 207,256 shares of the asset manager's stock valued at $28,970,000 after buying an additional 116,464 shares in the last quarter. Finally, Flaharty Asset Management LLC acquired a new stake in Blackstone in the 1st quarter valued at $39,000. 70.00% of the stock is owned by institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

About Blackstone

Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.