Mirae Asset Global Investments Co. Ltd. Increases Stock Position in Blackstone Inc. $BX

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Blackstone Inc. (NYSE:BX) by 19.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 144,300 shares of the asset manager’s stock after acquiring an additional 23,471 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Blackstone were worth $22,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC purchased a new stake in shares of Blackstone during the 3rd quarter valued at approximately $26,000. Family CFO Inc purchased a new stake in Blackstone in the 4th quarter worth approximately $28,000. Richardson Financial Services Inc. purchased a new stake in Blackstone in the 4th quarter worth approximately $29,000. Redmont Wealth Advisors LLC purchased a new stake in Blackstone in the 3rd quarter worth approximately $30,000. Finally, Strive Asset Management LLC purchased a new stake in Blackstone in the 3rd quarter worth approximately $30,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Blackstone Price Performance

Shares of NYSE:BX opened at $129.05 on Friday. The company’s fifty day moving average price is $117.14 and its 200-day moving average price is $139.58. The firm has a market capitalization of $95.78 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 1.32 and a beta of 1.74. Blackstone Inc. has a one year low of $101.73 and a one year high of $190.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.76 and a quick ratio of 0.76.

Blackstone (NYSE:BX) last issued its quarterly earnings results on Thursday, January 29th. The asset manager reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.21. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $3.69 billion. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The business’s revenue for the quarter was up 41.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.69 EPS. On average, equities research analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a dividend of $1.49 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $5.96 annualized dividend and a dividend yield of 4.6%. This is an increase from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s payout ratio is 153.61%.

Insider Activity at Blackstone

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the transaction, the insider owned 25,832 shares of the company’s stock, valued at approximately $90,670.32. This trade represents a 99.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of Blackstone stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average cost of $26.15 per share, for a total transaction of $75,000,004.35. Following the acquisition, the insider owned 18,628,295 shares in the company, valued at $487,129,914.25. The trade was a 18.20% increase in their position. The SEC filing for this purchase provides additional information. 1.00% of the stock is owned by insiders.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: JPMorgan raised its price target on BX to $142 (from $122) while keeping a neutral rating — the raise signals incremental confidence in Blackstone’s near-term earnings/cash‑flow outlook and provides upside to the stock. MarketScreener: JPMorgan adjusts price target on Blackstone
• Positive Sentiment: Analysts and previews (Zacks/Yahoo) expect Blackstone to report growing earnings next week and highlight factors that increase the likelihood of an earnings beat — stronger fee-related revenue and realized gains from investments. Earnings momentum is a primary driver for BX’s near‑term move. Yahoo: Blackstone earnings expected to grow
• Positive Sentiment: Blackstone shares rose after several major banks and asset managers reported better-than-expected Q1 results, which lifted sentiment across the alternatives/asset-management group and benefited BX as a large, diversified manager. Yahoo: Why Blackstone stock is trading up
• Neutral Sentiment: Comparative valuation pieces (IX vs. BX) are drawing investor attention to relative value in the alternatives space; these analyses may shift some flows but don’t change Blackstone’s fundamentals immediately. Watch headlines comparing Orix (IX) and BX for possible rotation. Yahoo: IX or BX — Which is the better value?
• Neutral Sentiment: Industry commentary on peers (e.g., TPG) highlights sector volatility and valuation re-pricing; useful context but not an immediate negative for BX. Investors should focus on Blackstone’s own earnings and fee-related revenue. MarketBeat: TPG and alternatives industry review

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Blackstone in a research note on Monday, February 23rd. They issued an “outperform” rating and a $179.00 target price on the stock. HSBC lowered their target price 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. The Goldman Sachs Group lowered their target price on shares of Blackstone from $158.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. JPMorgan Chase & Co. increased their target price on shares of Blackstone from $122.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Rothschild & Co Redburn decreased their price target on shares of Blackstone from $158.00 to $138.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.45.

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.