Ibex Wealth Advisors Has $5.98 Million Stake in Blackstone Inc. $BX

Ibex Wealth Advisors lifted its stake in Blackstone Inc. (NYSE:BX) by 8.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,007 shares of the asset manager’s stock after buying an additional 4,170 shares during the period. Ibex Wealth Advisors’ holdings in Blackstone were worth $5,980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Family CFO Inc acquired a new stake in shares of Blackstone during the 4th quarter worth $28,000. Ares Financial Consulting LLC bought a new stake in Blackstone during the fourth quarter worth about $28,000. Richardson Financial Services Inc. bought a new position in Blackstone in the 4th quarter valued at about $29,000. Strive Asset Management LLC bought a new stake in shares of Blackstone during the 3rd quarter worth approximately $30,000. Finally, Palladiem LLC acquired a new stake in shares of Blackstone during the 4th quarter worth approximately $31,000. 70.00% of the stock is owned by institutional investors and hedge funds.

Blackstone Price Performance

Blackstone stock opened at $121.98 on Friday. The company has a market capitalization of $90.62 billion, a PE ratio of 31.20, a P/E/G ratio of 1.29 and a beta of 1.58. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $119.65 and a two-hundred day moving average price of $126.98. Blackstone Inc. has a 12 month low of $101.73 and a 12 month high of $190.09.

Blackstone (NYSE:BX) last released its quarterly earnings data 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. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. Analysts expect that Blackstone Inc. will post 5.9 EPS for the current year.

Blackstone Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, May 4th. Blackstone’s payout ratio is 118.67%.

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone and TPG are reportedly trying to sell Hologic’s surgical unit for more than $4 billion, a sign of continued private-equity deal activity that could support fee-related earnings and investment returns. Reuters article
• Positive Sentiment: Barclays is preparing an about $875 million debt sale to help finance Blackstone’s senior takeover, highlighting continued transaction momentum around the firm’s private credit and buyout activity. Yahoo Finance article
• Positive Sentiment: Citizens JMP lowered its price target on Blackstone to $165 from $190 but kept an “outperform” view, which still implies meaningful upside and may have helped support sentiment. Benzinga article
• Neutral Sentiment: Barclays also cut its price target to $119 from $124 and maintained an “equal weight” rating, signaling more cautious near-term expectations. Benzinga article
• Neutral Sentiment: Several articles were mostly valuation- or comparison-based pieces about BX, which are less likely to drive the stock on their own. Zacks article
• Negative Sentiment: Blackstone was linked to an AI infrastructure financing structure in which Apollo and Blackstone reportedly shifted Broadcom and Anthropic’s AI chip bet into debt held by other investors, which may raise questions about risk transfer and financing complexity. MSN article

Insider Buying and Selling

In related news, Director Ruth Porat acquired 355 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $123.04 per share, for a total transaction of $43,679.20. Following the completion of the acquisition, the director directly owned 41,818 shares of the company’s stock, valued at approximately $5,145,286.72. This trade represents a 0.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Vikrant Sawhney sold 30,014 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider owned 899,669 shares in the company, valued at $113,169,363.51. This trade represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have purchased a total of 10,252,345 shares of company stock valued at $209,789,893 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on BX shares. Dbs Bank upgraded shares of Blackstone to a “moderate buy” rating in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft started coverage on Blackstone in a report on Monday, June 8th. They set a “buy” rating for the company. Citizens Jmp reduced their price objective on Blackstone from $190.00 to $165.00 and set a “market outperform” rating on the stock in a research note on Thursday. Weiss Ratings downgraded Blackstone from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, Zacks Research raised shares of Blackstone from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

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.