Axiom Investors LLC DE Has $66.02 Million Holdings in Blackstone Inc. $BX

Axiom Investors LLC DE reduced its stake in shares of Blackstone Inc. (NYSE:BX) by 25.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 428,304 shares of the asset manager’s stock after selling 142,871 shares during the quarter. Blackstone makes up 0.6% of Axiom Investors LLC DE’s holdings, making the stock its 28th largest holding. Axiom Investors LLC DE’s holdings in Blackstone were worth $66,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of Blackstone by 34.6% in the 4th quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager’s stock valued at $1,365,000 after buying an additional 2,035 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Blackstone by 9.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,076 shares of the asset manager’s stock worth $310,000 after purchasing an additional 177 shares during the last quarter. United Bank grew its holdings in shares of Blackstone by 14.7% in the 2nd quarter. United Bank now owns 13,528 shares of the asset manager’s stock worth $2,024,000 after purchasing an additional 1,729 shares during the last quarter. Nebula Research & Development LLC bought a new stake in shares of Blackstone in the 2nd quarter worth about $1,124,000. Finally, Sei Investments Co. grew its holdings in shares of Blackstone by 1.9% in the 2nd quarter. Sei Investments Co. now owns 452,619 shares of the asset manager’s stock worth $67,703,000 after purchasing an additional 8,655 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Stock Up 5.1%

Shares of NYSE:BX opened at $120.03 on Wednesday. The firm has a market cap of $89.17 billion, a P/E ratio of 30.70, a P/E/G ratio of 1.24 and a beta of 1.59. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. Blackstone Inc. has a 12 month low of $101.73 and a 12 month high of $190.09. The company’s 50-day moving average price is $119.55 and its two-hundred day moving average price is $131.38.

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

Blackstone Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, May 4th. Blackstone’s dividend payout ratio (DPR) is 118.67%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BX shares. Citizens Jmp lowered their target price on shares of Blackstone from $195.00 to $190.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Dbs Bank raised shares of Blackstone to a “moderate buy” rating in a report on Wednesday, May 27th. Weiss Ratings lowered shares of Blackstone from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Piper Sandler upped their target price on shares of Blackstone from $122.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Blackstone in a report on Monday. They set a “buy” rating on the stock. Thirteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Blackstone has an average rating of “Hold” and an average target price of $150.86.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is helping launch a $35 billion AI infrastructure financing platform with Broadcom and Apollo, with the initial capital aimed at expanding Anthropic’s compute capacity. Investors may view this as a high-profile growth opportunity tied to AI demand. Article Title
• Positive Sentiment: Reuters reported that Blackstone’s private wealth inflows improved in June, which suggests fundraising momentum may be stabilizing and could support future fee-related earnings. Article Title
• Positive Sentiment: Blackstone is also increasing investments in significant risk transfers, a growing market where banks seek balance-sheet relief and Blackstone can earn attractive returns and fees. Article Title
• Neutral Sentiment: Blackstone presented at the Morgan Stanley U.S. Financials Conference, but no major new operating catalyst was indicated in the transcript headline. Article Title
• Negative Sentiment: State regulators are reportedly recommending reversal of Blackstone’s $400 million TXNM Energy acquisition, citing legal violations. That raises execution and regulatory risk for the firm’s dealmaking business. Article Title
• Negative Sentiment: Rothschild & Co Redburn lowered its price target on Blackstone to $130 from $134 and kept a neutral rating, which may reinforce a more cautious view of near-term upside. Article Title

Insider Buying and Selling

In related news, insider Vikrant Sawhney sold 30,014 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $125.79, for a total value of $3,775,461.06. Following the sale, the insider directly owned 899,669 shares in the company, valued at $113,169,363.51. This trade represents a 3.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the completion of the sale, the insider owned 25,832 shares in the company, valued at $90,670.32. This represents a 99.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have purchased 12,355,303 shares of company stock worth $264,789,896. 1.00% of the stock is currently owned by company insiders.

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.