Capital International Investors Sells 1,683,793 Shares of Blackstone Inc. $BX

Capital International Investors lowered its stake in shares of Blackstone Inc. (NYSE:BX) by 31.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,670,890 shares of the asset manager’s stock after selling 1,683,793 shares during the quarter. Capital International Investors’ holdings in Blackstone were worth $565,832,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the business. Redwood Financial Network Corp lifted its stake in shares of Blackstone by 1.8% in the 2nd quarter. Redwood Financial Network Corp now owns 3,588 shares of the asset manager’s stock worth $537,000 after purchasing an additional 65 shares during the period. Benchmark Financial Wealth Advisors LLC lifted its stake in shares of Blackstone by 0.9% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 7,748 shares of the asset manager’s stock worth $1,194,000 after purchasing an additional 69 shares during the period. MidWestOne Financial Group Inc. lifted its stake in shares of Blackstone by 0.8% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,335 shares of the asset manager’s stock worth $1,424,000 after purchasing an additional 70 shares during the period. Parcion Private Wealth LLC lifted its stake in shares of Blackstone by 0.6% in the 4th quarter. Parcion Private Wealth LLC now owns 10,935 shares of the asset manager’s stock worth $1,686,000 after purchasing an additional 70 shares during the period. Finally, Trivium Point Advisory LLC lifted its stake in shares of Blackstone by 2.6% in the 4th quarter. Trivium Point Advisory LLC now owns 2,713 shares of the asset manager’s stock worth $418,000 after purchasing an additional 70 shares during the period. Institutional investors own 70.00% of the company’s stock.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone-backed AirTrunk plans to invest $30 billion in India digital infrastructure, highlighting continued growth opportunities in Blackstone’s portfolio and exposure to AI/data-center demand. Blackstone-backed AirTrunk to invest $30B in India digital infrastructure
• Positive Sentiment: Blackstone also remains active on the capital-deployment side, with a new partnership with Nippon Life and the successful IPO of Liftoff Mobile adding to the firm’s deal-making momentum. Blackstone’s Liftoff IPO And Nippon Life Deal Reshape BX Outlook
• Positive Sentiment: The stock also appeared to rebound sharply after an earlier selloff, as some investors viewed the withdrawal cap as a sign of private-credit demand pressures rather than a direct fundamental hit to earnings. Why is Blackstone stock gaining despite a withdrawal cap on its flagship fund?
• Neutral Sentiment: Peer-related headlines from other alternative-asset managers and broader private-credit redemption concerns are adding sector-wide volatility, but they do not directly change Blackstone’s reported quarterly earnings outlook. Alternative Managers Shares Slip as Cliffwater Redemption Fears Mount
• Negative Sentiment: Blackstone’s decision to limit redemptions at Blackstone Private Credit Fund is the main overhang, as it signals heavier-than-expected withdrawal demand and raises questions about liquidity across private markets. Investors Seek to Pull 10% from Blackstone’s Giant Private-Credit Fund
• Negative Sentiment: Multiple reports that redemption requests surged and that Blackstone capped withdrawals reinforced investor concern about private-credit and private-equity fund liquidity, which has weighed on BX sentiment. Redemption requests rise at Blackstone, Partners Group as private markets strain

Insider Activity

In other Blackstone news, Director Ruth Porat bought 355 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $123.04 per share, with a total value of $43,679.20. Following the completion of the acquisition, the director owned 41,818 shares in the company, valued at $5,145,286.72. This trade represents a 0.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average cost of $26.15 per share, with a total value of $75,000,004.35. Following the completion of the acquisition, the insider 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. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 12,355,303 shares of company stock valued at $264,789,896. Company insiders own 1.00% of the company’s stock.

Blackstone Trading Up 0.0%

Blackstone stock opened at $115.40 on Monday. The stock has a market cap of $85.73 billion, a P/E ratio of 29.51, a PEG ratio of 1.25 and a beta of 1.59. 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 firm’s 50 day moving average price is $119.22 and its 200-day moving average price is $131.67.

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. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 earnings per share. On average, equities analysts predict that Blackstone Inc. will post 5.9 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on BX shares. HSBC lowered their price objective on shares of Blackstone from $164.00 to $131.00 and set a “hold” rating on the stock in a research note on Friday, April 10th. Zacks Research lowered shares of Blackstone from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Blackstone from $156.00 to $146.00 and set a “buy” rating for the company in a report on Friday, April 24th. Weiss Ratings lowered shares of Blackstone from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Blackstone from $142.00 to $136.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Twelve research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Blackstone currently has a consensus rating of “Hold” and a consensus target price of $151.05.

Blackstone 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.