Senator Angus S. King Jr. (I-Maine) recently bought shares of Blackstone Inc. NYSE: BX. In a filing disclosed on August 18th, the Senator disclosed that they had bought between $1,001 and $15,000 in Blackstone stock on July 21st.
Senator Angus S. King Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Netflix NASDAQ: NFLX on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Quanta Services NYSE: PWR on 7/21/2025.
Blackstone Trading Down 0.8%
Shares of Blackstone stock opened at $163.1640 on Friday. The company has a market capitalization of $120.27 billion, a P/E ratio of 43.86, a price-to-earnings-growth ratio of 1.34 and a beta of 1.71. The stock has a fifty day simple moving average of $161.02 and a 200 day simple moving average of $149.77. Blackstone Inc. has a 12-month low of $115.66 and a 12-month high of $200.96. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.61.
Blackstone (NYSE:BX - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The asset manager reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 20.83% and a return on equity of 20.47%. The business's revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. On average, 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 announced a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Monday, August 4th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, August 4th. This is a positive change from Blackstone's previous quarterly dividend of $0.93. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. Blackstone's payout ratio is presently 110.75%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in BX. Illinois Municipal Retirement Fund lifted its holdings in Blackstone by 105.4% in the first quarter. Illinois Municipal Retirement Fund now owns 13,405 shares of the asset manager's stock worth $1,874,000 after buying an additional 6,878 shares during the period. Lord Abbett & CO. LLC bought a new position in Blackstone in the fourth quarter worth $63,109,000. Parallel Advisors LLC grew its position in shares of Blackstone by 6.6% in the 1st quarter. Parallel Advisors LLC now owns 31,212 shares of the asset manager's stock worth $4,363,000 after buying an additional 1,943 shares during the period. Comprehensive Money Management Services LLC purchased a new position in Blackstone during the 4th quarter valued at about $1,747,000. Finally, Narwhal Capital Management increased its stake in shares of Blackstone by 34.3% during the first quarter. Narwhal Capital Management now owns 64,614 shares of the asset manager's stock valued at $9,032,000 after purchasing an additional 16,486 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on BX. Dbs Bank raised shares of Blackstone to a "moderate buy" rating in a research report on Tuesday, August 12th. Wells Fargo & Company increased their price target on Blackstone from $153.00 to $167.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Blackstone from $170.00 to $192.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Keefe, Bruyette & Woods lifted their target price on Blackstone from $168.00 to $180.00 and gave the stock a "market perform" rating in a research note on Friday, July 25th. Finally, Citigroup restated a "market perform" rating on shares of Blackstone in a research report on Saturday, July 19th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $170.12.
Read Our Latest Analysis on Blackstone
Insider Transactions at Blackstone
In other Blackstone news, Director Joseph Baratta sold 100,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $167.36, for a total transaction of $16,736,000.00. Following the completion of the sale, the director directly owned 808,757 shares in the company, valued at approximately $135,353,571.52. This trade represents a 11.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO David Payne sold 9,400 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $169.97, for a total transaction of $1,597,718.00. Following the sale, the chief accounting officer directly owned 54,488 shares of the company's stock, valued at $9,261,325.36. This trade represents a 14.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 1,189,806 shares of company stock worth $30,046,627 and have sold 16,850,134 shares worth $131,641,986. 1.00% of the stock is owned by company insiders.
About Senator King
Angus King (independent) is a member of the U.S. Senate from Maine. He assumed office on January 3, 2013. His current term ends on January 3, 2031.
King (independent) ran for re-election to the U.S. Senate to represent Maine. He won in the general election on November 5, 2024.
About Blackstone
(
Get Free Report)
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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