Arrow Capital Management LLC Sells 26,795 Shares of Blackstone Inc. $BX

Arrow Capital Management LLC reduced its holdings in shares of Blackstone Inc. (NYSE:BX) by 33.5% during the first quarter, HoldingsChannel reports. The firm owned 53,176 shares of the asset manager’s stock after selling 26,795 shares during the period. Blackstone comprises 4.2% of Arrow Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Arrow Capital Management LLC’s holdings in Blackstone were worth $6,115,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Greenup Street Wealth Management LLC raised its holdings in Blackstone by 1,034.3% in the 4th quarter. Greenup Street Wealth Management LLC now owns 13,940 shares of the asset manager’s stock worth $2,149,000 after acquiring an additional 12,711 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Blackstone by 9.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 100,951 shares of the asset manager’s stock valued at $15,561,000 after acquiring an additional 8,321 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Blackstone by 8.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 249,009 shares of the asset manager’s stock valued at $39,543,000 after purchasing an additional 19,603 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Blackstone by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 71,667,695 shares of the asset manager’s stock worth $11,046,859,000 after acquiring an additional 840,258 shares during the period. Finally, Benson Investment Management Company Inc. acquired a new stake in shares of Blackstone during the 4th quarter valued at about $5,856,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Vikrant Sawhney sold 30,014 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was 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. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Treasury Holdings I. Blackstone acquired 9,486,795 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $189,735,900.00. Following the transaction, the insider owned 9,111,800 shares of the company’s stock, valued at $182,236,000. This represents a -2,529.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 10,252,345 shares of company stock valued at $209,789,893. 1.00% of the stock is owned by corporate insiders.

Blackstone Stock Up 1.5%

Shares of NYSE BX opened at $124.67 on Friday. 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 firm has a market capitalization of $92.61 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 1.33 and a beta of 1.58. The firm’s 50-day moving average is $120.10 and its 200-day moving average is $124.81. Blackstone Inc. has a 1 year low of $101.73 and a 1 year high of $190.09.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, July 23rd. The asset manager reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.18. The business had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $3.42 billion. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. Equities analysts expect that Blackstone Inc. will post 5.85 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on BX. HSBC reiterated a “hold” rating and issued a $135.00 price target on shares of Blackstone in a research report on Monday. BMO Capital Markets raised their price objective on shares of Blackstone from $126.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Piper Sandler lifted their target price on shares of Blackstone from $122.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Morgan Stanley cut their price objective on Blackstone from $215.00 to $184.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, Weiss Ratings cut Blackstone from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Blackstone presently has a consensus rating of “Moderate Buy” and an average price target of $145.71.

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone reported Q2 EPS of $1.52, topping expectations, and revenue of $5.04 billion, also above forecasts, signaling stronger-than-expected operating performance. Blackstone Inc. (BX) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Assets under management reached a record $1.35 trillion, helped by strong inflows, which supports fee growth and reinforces Blackstone’s scale advantage. Blackstone’s quarterly profit gets boost from asset pile, AI investment gains
• Positive Sentiment: Management highlighted gains from AI-related investments, suggesting the firm’s early infrastructure bets are paying off and could be an important long-term growth driver. Blackstone’s Profit Surges on AI Investments
• Neutral Sentiment: Blackstone also launched new public-private market investment solutions with Wellington and Vanguard, which could broaden its reach with wealthy investors, but the near-term earnings impact is still uncertain. Wellington, Vanguard, and Blackstone Announce the Launch of Two Investment Solutions
• Neutral Sentiment: Some headlines noted pressure in private credit fundraising and broader market concerns around rates, oil, and geopolitical risk, but these were outweighed by the company’s strong quarterly results. Blackstone’s quarterly profit gets boost from asset pile, AI investment gains

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.