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

Key Points

• Representative Julie Johnson (D-Texas) sold between $1,001 and $15,000 in shares of Blackstone Inc. on August 14th, with a filing disclosed on September 11th.
• Blackstone recently reported earnings of $1.21 per share for the last quarter, exceeding estimates, and also announced a dividend increase from $0.93 to $1.03 per share.
• Several institutional investors, including Kingstone Capital Partners and Norges Bank, have increased their stakes in Blackstone, which is now over 70% owned by institutional shareholders.

Representative Julie Johnson (D-Texas) recently sold shares of Blackstone Inc. NYSE: BX. In a filing disclosed on September 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Blackstone stock on August 14th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

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

• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 8/14/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Dover NYSE: DOV on 8/14/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 8/14/2025.

Blackstone Stock Performance

Shares of NYSE BX traded down $2.48 during mid-day trading on Friday, hitting $181.44. The company had a trading volume of 3,356,111 shares, compared to its average volume of 3,409,331. The stock has a market cap of $133.74 billion, a price-to-earnings ratio of 48.77, a PEG ratio of 1.49 and a beta of 1.77. Blackstone Inc. has a 12 month low of $115.66 and a 12 month high of $200.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.74 and a quick ratio of 0.74. The firm's 50 day simple moving average is $170.04 and its two-hundred day simple moving average is $150.53.

Blackstone (NYSE:BX - Get Free Report) last announced its earnings results on Thursday, July 24th. The asset manager reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.77 billion. Blackstone had a return on equity of 20.47% and a net margin of 20.83%.The firm's revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. As a group, equities research analysts forecast that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Monday, August 4th were issued a $1.03 dividend. This is a positive change from Blackstone's previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, August 4th. This represents a $4.12 annualized dividend and a dividend yield of 2.3%. Blackstone's dividend payout ratio (DPR) is 110.75%.

Institutional Trading of Blackstone

Several hedge funds and other institutional investors have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC boosted its position in Blackstone by 519,669.1% during the second quarter. Kingstone Capital Partners Texas LLC now owns 70,132,441 shares of the asset manager's stock valued at $10,490,411,000 after purchasing an additional 70,118,948 shares during the last quarter. Norges Bank acquired a new stake in Blackstone during the second quarter valued at $1,071,348,000. Vanguard Group Inc. lifted its position in shares of Blackstone by 2.2% in the second quarter. Vanguard Group Inc. now owns 69,492,377 shares of the asset manager's stock worth $10,394,670,000 after buying an additional 1,494,796 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Blackstone by 14,608.6% in the first quarter. GAMMA Investing LLC now owns 1,322,598 shares of the asset manager's stock worth $184,873,000 after buying an additional 1,313,606 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Blackstone in the first quarter worth about $151,524,000. Institutional investors and hedge funds own 70.00% of the company's stock.

Insider Buying and Selling

In other Blackstone news, insider John G. Finley sold 21,500 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $171.46, for a total value of $3,686,390.00. Following the completion of the sale, the insider owned 453,836 shares of the company's stock, valued at $77,814,720.56. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 16,689,884 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total value of $104,478,673.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,189,806 shares of company stock valued at $30,046,627 and have sold 16,871,634 shares valued at $135,328,376. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BX has been the topic of several research analyst reports. Piper Sandler lifted their price target on Blackstone from $157.00 to $181.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft lifted their target price on Blackstone from $170.00 to $192.00 and gave the stock a "buy" rating in a report on Friday, July 25th. JMP Securities lifted their target price on Blackstone from $180.00 to $195.00 and gave the stock a "market outperform" rating in a report on Friday, July 25th. The Goldman Sachs Group restated a "neutral" rating on shares of Blackstone in a report on Friday, July 25th. Finally, Evercore ISI lifted their target price on Blackstone from $165.00 to $197.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $172.38.

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.

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