Cerity Partners LLC Purchases 28,972 Shares of Blackstone Inc. $BX

Cerity Partners LLC grew its position in Blackstone Inc. (NYSE:BX) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 421,280 shares of the asset manager’s stock after acquiring an additional 28,972 shares during the period. Cerity Partners LLC’s holdings in Blackstone were worth $64,936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC bought a new position in shares of Blackstone in the 3rd quarter valued at about $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Blackstone in the 3rd quarter valued at about $30,000. Strive Asset Management LLC acquired a new stake in shares of Blackstone during the 3rd quarter worth about $30,000. Family CFO Inc acquired a new stake in shares of Blackstone during the 4th quarter worth about $28,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Blackstone during the 4th quarter worth about $28,000. Institutional investors own 70.00% of the company’s stock.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is helping launch a $35 billion AI infrastructure financing platform with Broadcom and Apollo, with the initial capital aimed at expanding Anthropic’s compute capacity. Investors may view this as a high-profile growth opportunity tied to AI demand. Article Title
• Positive Sentiment: Reuters reported that Blackstone’s private wealth inflows improved in June, which suggests fundraising momentum may be stabilizing and could support future fee-related earnings. Article Title
• Positive Sentiment: Blackstone is also increasing investments in significant risk transfers, a growing market where banks seek balance-sheet relief and Blackstone can earn attractive returns and fees. Article Title
• Neutral Sentiment: Blackstone presented at the Morgan Stanley U.S. Financials Conference, but no major new operating catalyst was indicated in the transcript headline. Article Title
• Negative Sentiment: State regulators are reportedly recommending reversal of Blackstone’s $400 million TXNM Energy acquisition, citing legal violations. That raises execution and regulatory risk for the firm’s dealmaking business. Article Title
• Negative Sentiment: Rothschild & Co Redburn lowered its price target on Blackstone to $130 from $134 and kept a neutral rating, which may reinforce a more cautious view of near-term upside. Article Title

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BX. JPMorgan Chase & Co. cut their target price on shares of Blackstone from $142.00 to $136.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Zacks Research cut shares of Blackstone from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. HSBC cut their target price on shares of Blackstone from $164.00 to $131.00 and set a “hold” rating for the company in a research note on Friday, April 10th. Morgan Stanley cut their target price on shares of Blackstone from $215.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Finally, Dbs Bank upgraded shares of Blackstone to a “moderate buy” rating in a research note on Wednesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $150.86.

Insider Buying and Selling

In other news, insider Vikrant Sawhney sold 30,014 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $125.79, for a total value of $3,775,461.06. Following the completion of the transaction, the insider directly owned 899,669 shares in the company, valued at approximately $113,169,363.51. The trade was a 3.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was purchased at an average price of $26.15 per share, with a total value of $75,000,004.35. Following the completion of the transaction, the insider directly owned 18,628,295 shares in the company, valued at approximately $487,129,914.25. This represents a 18.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 12,355,303 shares of company stock worth $264,789,896. 1.00% of the stock is owned by company insiders.

Blackstone Price Performance

Shares of Blackstone stock opened at $120.03 on Wednesday. Blackstone Inc. has a twelve month low of $101.73 and a twelve month high of $190.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $119.55 and a two-hundred day simple moving average of $131.38. The stock has a market capitalization of $89.17 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 1.24 and a beta of 1.59.

Blackstone (NYSE:BX) last issued its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.02. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the previous year, the company earned $1.11 EPS. The business’s revenue was up 10.0% on a year-over-year basis. Analysts forecast that Blackstone Inc. will post 5.9 EPS for the current year.

Blackstone Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a $1.16 dividend. The ex-dividend date was Monday, May 4th. This represents a $4.64 annualized dividend and a dividend yield of 3.9%. Blackstone’s payout ratio is presently 118.67%.

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.