Sen. Angus S. King Jr. Sells Off Shares of Blackstone Inc. (NYSE:BX)

Key Points

• Sen. Angus S. King Jr. disclosed he sold between $1,001 and $15,000 in Blackstone (BX) stock on Feb. 13, 2026, and made similar-sized sales in multiple other large-cap names the same day.
• Blackstone topped quarterly estimates (EPS $1.75 vs. $1.54; revenue $4.36B, +41.4% y/y) and raised its quarterly dividend to $1.49 (annualized $5.96, ~5.5% yield), though its dividend payout ratio is high at ~153.6%.
• Insider and institutional activity is mixed: a major shareholder sold ~7.48M BX shares while another entity bought ~2.87M shares (~$75M), and analysts have trimmed targets but the consensus remains a “Moderate Buy” with an average target of $164.

Senator Angus S. King Jr. (Independent-Maine) recently sold shares of Blackstone Inc. NYSE: BX. In a filing disclosed on March 24th, the Senator disclosed that they had sold between $1,001 and $15,000 in Blackstone stock on February 13th.

Senator Angus S. King Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 2/13/2026.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 2/13/2026.
• Sold $1,001 - $15,000 in shares of Autodesk NASDAQ: ADSK on 2/13/2026.
• Sold $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 2/13/2026.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 2/13/2026.
• Sold $1,001 - $15,000 in shares of ON NYSE: ONON on 2/13/2026.
• Sold $1,001 - $15,000 in shares of Netflix NASDAQ: NFLX on 2/13/2026.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 2/13/2026.
• Purchased $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 12/29/2025.
• Purchased $1,001 - $15,000 in shares of Honeywell International NASDAQ: HON on 12/29/2025.

Blackstone Stock Up 0.4%

NYSE BX opened at $108.36 on Thursday. Blackstone Inc. has a 1 year low of $101.73 and a 1 year high of $190.09. The stock has a market capitalization of $80.42 billion, a PE ratio of 27.93, a PEG ratio of 0.86 and a beta of 1.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.76 and a quick ratio of 0.76. The business's 50-day moving average is $127.26 and its 200 day moving average is $147.07.

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

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were issued a dividend of $1.49 per share. This is an increase from Blackstone's previous quarterly dividend of $1.29. This represents a $5.96 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Monday, February 9th. Blackstone's dividend payout ratio (DPR) is currently 153.61%.

Insider Buying and Selling at Blackstone

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of Blackstone stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the sale, the insider directly owned 25,832 shares in the company, valued at approximately $90,670.32. This trade represents a 99.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the company's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. REAP Financial Group LLC purchased a new position in shares of Blackstone in the 3rd quarter worth about $26,000. Family CFO Inc bought a new stake in Blackstone during the 4th quarter valued at about $28,000. Ares Financial Consulting LLC purchased a new position in Blackstone in the fourth quarter worth about $28,000. Richardson Financial Services Inc. purchased a new stake in shares of Blackstone during the fourth quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Blackstone in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 70.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Evercore dropped their price target on Blackstone from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, January 30th. BNP Paribas Exane dropped their target price on shares of Blackstone from $167.00 to $156.00 and set a "neutral" rating for the company in a research report on Monday, January 12th. TD Cowen cut their target price on shares of Blackstone from $183.00 to $164.00 and set a "buy" rating on the stock in a research note on Thursday, February 12th. JPMorgan Chase & Co. decreased their price target on shares of Blackstone from $158.00 to $122.00 and set a "neutral" rating for the company in a research note on Tuesday, March 3rd. Finally, The Goldman Sachs Group cut their price objective on Blackstone from $166.00 to $158.00 and set a "neutral" rating on the stock in a research report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $164.00.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Major insider purchase — Holdings IV GP Mana Blackstone bought ~2.87M BX shares (~$75M), increasing its stake; this large insider buy is a vote of confidence that can support sentiment. InsiderTrades: Major Shareholder Buys
• Positive Sentiment: Strategic sports investment — A Blackstone‑backed consortium (with David Blitzer and Indian partners) agreed to buy IPL team Royal Challengers Bengaluru for ~$1.78–1.8B, signaling continued deployment into alternative/consumer assets with strong monetization potential. Reuters: RCB Sale
• Positive Sentiment: Large real‑estate deployment planned — Reports say Blackstone intends to invest ~$15B in Japanese property over three years, showing capacity to deploy capital and generate fee/income streams. MSN: Japan Property Plan
• Neutral Sentiment: Analyst target cut but bullish rating maintained — BMO trimmed its BX price target from $165 to $126 while keeping an “outperform” stance; this narrows upside expectations but leaves a constructive view intact. Benzinga: BMO Price Target Cut
• Negative Sentiment: Private‑credit concern from investors — Montaka highlighted risks in private credit in its Q4 2025 letter, citing weaker loan quality and fund strains; that commentary has been cited as a reason BX‑linked names slipped. Yahoo Finance: Montaka Letter
• Negative Sentiment: Sector stress and redemption limits — Reports that peers (Apollo, Ares) are limiting redemptions and that private‑credit defaults/withdrawals are rising are creating contagion risk for asset managers with large private‑credit exposure. That macro/sector pressure is pulling BX lower short‑term. CNBC: Private Credit Defaults

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

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.

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.