Eurizon Capital SGR S.p.A. Invests $13.60 Million in Blackstone Inc. $BX

Eurizon Capital SGR S.p.A. purchased a new position in Blackstone Inc. (NYSE:BX) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 88,162 shares of the asset manager’s stock, valued at approximately $13,596,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. REAP Financial Group LLC bought a new stake in shares of Blackstone in the 3rd quarter worth approximately $26,000. Redmont Wealth Advisors LLC bought a new stake in shares of Blackstone in the 3rd quarter worth approximately $30,000. Strive Asset Management LLC bought a new stake in shares of Blackstone in the 3rd quarter worth approximately $30,000. Family CFO Inc bought a new stake in shares of Blackstone in the 4th quarter worth approximately $28,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Blackstone in the 4th quarter worth approximately $28,000. 70.00% of the stock is currently owned by institutional investors.

Blackstone Stock Up 0.1%

BX stock opened at $117.05 on Monday. Blackstone Inc. has a 52-week low of $101.73 and a 52-week high of $190.09. The company’s 50 day simple moving average is $118.68 and its 200-day simple moving average is $132.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $86.95 billion, a P/E ratio of 29.93, a P/E/G ratio of 1.27 and a beta of 1.59.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts anticipate that Blackstone Inc. will post 5.9 EPS for the current year.

Blackstone Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.64 dividend on an annualized basis and a yield of 4.0%. Blackstone’s payout ratio is presently 118.67%.

Analysts Set New Price Targets

A number of research firms recently commented on BX. Jefferies Financial Group boosted their target price on shares of Blackstone from $143.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. The Goldman Sachs Group dropped their target price on shares of Blackstone from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Piper Sandler boosted their price target on shares of Blackstone from $122.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 27th. JPMorgan Chase & Co. cut their price target on shares of Blackstone from $142.00 to $136.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Finally, BMO Capital Markets boosted their price target on shares of Blackstone from $126.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Twelve investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $151.05.

Insider Activity

In related news, major shareholder Treasury Holdings I. Blackstone acquired 9,486,795 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $20.00 per share, with a total value of $189,735,900.00. Following the completion of the transaction, the insider owned 9,111,800 shares of the company’s stock, valued at approximately $182,236,000. This trade represents a -2,529.85% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Holdings Iv Gp Mana Blackstone acquired 2,868,069 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average cost of $26.15 per share, for a total transaction of $75,000,004.35. Following the completion of the transaction, the insider directly owned 18,628,295 shares of the company’s stock, valued at $487,129,914.25. This represents a 18.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 12,355,303 shares of company stock valued at $264,789,896 and sold 7,532,518 shares valued at $30,496,500. Company insiders own 1.00% of the company’s stock.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is expanding its AI infrastructure exposure through a new $5 billion joint venture with Google to build U.S.-based data center capacity and provide TPU compute services, giving investors a new growth angle tied to AI demand. Blackstone (BX) to Invest $5B in TPU Cloud Joint Venture with Google
• Positive Sentiment: Blackstone was also mentioned in reports that it and Apollo are arranging about $36 billion in financing tied to Anthropic’s AI chip expansion, reinforcing the firm’s role in large-scale AI-related capital deployment. Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports
• Positive Sentiment: DBS Bank upgraded Blackstone to “moderate buy,” which can bolster investor sentiment around the stock. Blackstone was upgraded by Dbs Bank to moderate buy
• Neutral Sentiment: Blackstone announced that President and COO Jon Gray will present at Morgan Stanley’s U.S. Financials Conference on June 9, which is mainly a visibility event rather than a direct business catalyst. Blackstone to Present at Morgan Stanley’s US Financials Conference
• Negative Sentiment: Reports that Blackstone plans to sell a Seattle office building at roughly a 54% loss highlight ongoing stress in office real estate, a potential headwind for investor sentiment toward parts of Blackstone’s portfolio. Blackstone to sell Seattle office building for ~54% below purchase price – report
• Negative Sentiment: Another article said Blackstone is facing valuation questions in the broader market, which can add to uncertainty around the stock’s pricing. Blackstone Swings Put S&P 500 Valuation In Focus

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.