ABN Amro Investment Solutions Decreases Holdings in Blackstone Inc. $BX

ABN Amro Investment Solutions trimmed its stake in Blackstone Inc. (NYSE:BX) by 34.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,193 shares of the asset manager’s stock after selling 24,787 shares during the quarter. ABN Amro Investment Solutions’ holdings in Blackstone were worth $5,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CMC Financial Group purchased a new stake in Blackstone during the first quarter valued at about $471,000. Oslo Pensjonsforsikring AS purchased a new position in shares of Blackstone in the first quarter valued at $45,000. Andra AP fonden lifted its holdings in Blackstone by 265.5% during the 1st quarter. Andra AP fonden now owns 61,400 shares of the asset manager’s stock worth $7,060,000 after purchasing an additional 44,600 shares in the last quarter. Wilkerson Advisory Group LLC boosted its stake in Blackstone by 105.9% in the 1st quarter. Wilkerson Advisory Group LLC now owns 280 shares of the asset manager’s stock worth $32,000 after purchasing an additional 144 shares during the period. Finally, AlTi Global Inc. grew its holdings in Blackstone by 36.7% during the 1st quarter. AlTi Global Inc. now owns 5,682 shares of the asset manager’s stock valued at $653,000 after buying an additional 1,524 shares in the last quarter. Institutional investors own 70.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BX. BMO Capital Markets boosted their price objective on shares of Blackstone from $126.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Morgan Stanley cut their price target on shares of Blackstone from $215.00 to $184.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Oppenheimer decreased their target price on Blackstone from $156.00 to $139.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Dbs Bank raised Blackstone to a “moderate buy” rating in a report on Wednesday, May 27th. Finally, Citizens Jmp lowered their target price on shares of Blackstone from $190.00 to $165.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 9th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.71.

Blackstone Price Performance

BX opened at $122.85 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76. Blackstone Inc. has a 1 year low of $101.73 and a 1 year high of $190.09. The stock’s 50 day simple moving average is $120.06 and its 200 day simple moving average is $125.05. The firm has a market cap of $91.26 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 1.35 and a beta of 1.58.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.45 billion. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 earnings per share. As a group, analysts predict that Blackstone Inc. will post 5.85 earnings per share for the current year.

Insiders Place Their Bets

In other Blackstone news, major shareholder Private Multi-Asset Blackstone acquired 765,111 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of $26.14 per share, for a total transaction of $20,000,001.54. Following the transaction, the insider owned 7,882,145 shares in the company, valued at $206,039,270.30. This represents a 10.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of Blackstone stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the completion of the sale, the insider owned 19,374 shares in the company, valued at approximately $73,233.72. This trade represents a 99.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have bought 10,252,345 shares of company stock worth $209,789,893. Insiders own 1.00% of the company’s stock.

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone, Wellington Management, and Vanguard launched two new investment solutions that simplify access to public and private markets, potentially broadening distribution and supporting future fee growth. Article Title
• Positive Sentiment: Blackstone also expanded its strategic push into India infrastructure and AI services, highlighting new growth avenues beyond its core asset-management business. Article Title
• Neutral Sentiment: Investors are waiting for Blackstone’s earnings release, which is expected to provide fresh guidance on fundraising, realizations, and performance across private equity, credit, and real estate. Article Title
• Neutral Sentiment: Keefe, Bruyette & Woods upgraded Blackstone to hold, suggesting a more balanced near-term view rather than a strongly bullish catalyst. Article Title
• Negative Sentiment: Some coverage suggests Blackstone’s private-market products are launching after an exodus from similar private credit funds earlier this year, which may keep investor sentiment cautious around new offerings. Article Title

Blackstone Company Profile

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.