Capital International Inc. CA Sells 53,415 Shares of Blackstone Inc. $BX

Capital International Inc. CA cut its position in Blackstone Inc. (NYSE:BX) by 31.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 115,938 shares of the asset manager’s stock after selling 53,415 shares during the period. Capital International Inc. CA’s holdings in Blackstone were worth $17,871,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BX. Brighton Jones LLC raised its holdings in Blackstone by 34.6% in the fourth quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager’s stock worth $1,365,000 after purchasing an additional 2,035 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Blackstone by 9.3% during the second quarter. Sivia Capital Partners LLC now owns 2,076 shares of the asset manager’s stock worth $310,000 after acquiring an additional 177 shares during the last quarter. United Bank grew its stake in shares of Blackstone by 14.7% during the second quarter. United Bank now owns 13,528 shares of the asset manager’s stock worth $2,024,000 after acquiring an additional 1,729 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in shares of Blackstone during the second quarter worth about $1,124,000. Finally, Sei Investments Co. grew its stake in shares of Blackstone by 1.9% during the second quarter. Sei Investments Co. now owns 452,619 shares of the asset manager’s stock worth $67,703,000 after acquiring an additional 8,655 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ruth Porat acquired 355 shares of the stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $123.04 per share, for a total transaction of $43,679.20. Following the transaction, the director owned 41,818 shares in the company, valued at approximately $5,145,286.72. This trade represents a 0.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the sale, the insider owned 25,832 shares in the company, valued at approximately $90,670.32. This represents a 99.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have bought 12,355,303 shares of company stock worth $264,789,896. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BX. Jefferies Financial Group boosted their price target on Blackstone from $143.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Argus dropped their price target on Blackstone from $163.00 to $146.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. TD Cowen dropped their price target on Blackstone from $140.00 to $133.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft dropped their price target on Blackstone from $156.00 to $146.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Finally, Evercore reiterated an “outperform” rating and issued a $150.00 target price on shares of Blackstone in a research report on Tuesday, April 21st. Twelve investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Blackstone has a consensus rating of “Hold” and a consensus target price of $151.05.

Blackstone Trading Up 0.0%

NYSE BX opened at $115.40 on Monday. The company has a market capitalization of $85.73 billion, a PE ratio of 29.51, a P/E/G ratio of 1.25 and a beta of 1.59. The company has a fifty day moving average of $119.22 and a 200 day moving average of $131.67. Blackstone Inc. has a 1 year low of $101.73 and a 1 year high of $190.09. 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 (NYSE:BX) last posted its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Research analysts forecast that Blackstone Inc. will post 5.9 earnings per share for the current year.

Blackstone Cuts Dividend

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

Blackstone News Roundup

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

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.