Blackstone Inc. $BX Stake Boosted by Q Global Advisors LLC

Q Global Advisors LLC boosted its position in shares of Blackstone Inc. (NYSE:BX) by 378.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,000 shares of the asset manager’s stock after acquiring an additional 48,256 shares during the quarter. Blackstone accounts for 6.2% of Q Global Advisors LLC’s portfolio, making the stock its 6th biggest holding. Q Global Advisors LLC’s holdings in Blackstone were worth $7,014,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BX. BROOKFIELD Corp ON bought a new stake in shares of Blackstone during the 1st quarter valued at about $25,935,000. Lazard Asset Management LLC boosted its holdings in shares of Blackstone by 1.9% in the first quarter. Lazard Asset Management LLC now owns 1,509,211 shares of the asset manager’s stock worth $173,544,000 after buying an additional 27,788 shares during the last quarter. Family Manage LLC increased its holdings in Blackstone by 4.6% during the first quarter. Family Manage LLC now owns 4,144 shares of the asset manager’s stock valued at $477,000 after buying an additional 182 shares during the last quarter. Cardiff Park Advisors LLC purchased a new position in shares of Blackstone during the 1st quarter worth $444,000. Finally, Gateway Wealth Partners LLC grew its position in shares of Blackstone by 158.0% during the 1st quarter. Gateway Wealth Partners LLC now owns 3,676 shares of the asset manager’s stock valued at $423,000 after acquiring an additional 2,251 shares during the period. 70.00% of the stock is currently owned by institutional investors.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone beat Q2 earnings and revenue estimates, with EPS of $1.52 versus expectations around $1.33-$1.34 and revenue of $5.04 billion versus $3.42 billion expected, signaling better-than-expected operating performance. Blackstone Inc. (BX) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Assets under management hit a record $1.35 trillion, helped by nearly $70 billion in quarterly inflows, which suggests Blackstone continues to attract capital even in a tougher fundraising environment. Blackstone’s quarterly profit gets boost from asset pile, AI investment gains
• Positive Sentiment: Management highlighted that AI-related investments are starting to pay off, with gains across data centers, infrastructure, credit, and private markets boosting profit and growth prospects. BX Q2 Earnings Call Highlights AI Strategy & Fundraising Strength
• Positive Sentiment: Royal Bank of Canada raised its price target on Blackstone to $169 from $161 and kept an outperform rating, underscoring improved analyst confidence in the stock. Analyst price target update
• Neutral Sentiment: Blackstone is also in the final bidding for yacht retailer MarineMax, a potential acquisition that could expand its deal flow, though the impact on earnings is still uncertain. Blackstone, Donerail among final bidders for yacht retailer MarineMax, sources say
• Neutral Sentiment: The company also announced a higher quarterly dividend, which is supportive for income-focused investors, but this is a smaller near-term driver than the earnings beat and AI-related growth narrative. Dividend announcement

Blackstone Stock Performance

NYSE:BX opened at $129.72 on Monday. The stock has a 50-day moving average price of $120.33 and a 200 day moving average price of $124.58. The company has a current ratio of 0.72, a quick ratio of 0.76 and a debt-to-equity ratio of 0.63. Blackstone Inc. has a 12-month low of $101.73 and a 12-month high of $190.09. The stock has a market capitalization of $96.36 billion, a P/E ratio of 29.02, a P/E/G ratio of 1.41 and a beta of 1.58.

Blackstone (NYSE:BX) last issued its earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.18. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $3.42 billion. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. Blackstone’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. Equities research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be paid a dividend of $1.29 per share. The ex-dividend date of this dividend is Monday, August 3rd. This is a boost from Blackstone’s previous quarterly dividend of $1.16. This represents a $5.16 dividend on an annualized basis and a yield of 4.0%. Blackstone’s dividend payout ratio is currently 103.80%.

Insiders Place Their Bets

In other Blackstone news, major shareholder Private Multi-Asset Blackstone purchased 765,111 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price of $26.14 per share, with a total value of $20,000,001.54. Following the completion of the purchase, the insider directly owned 7,882,145 shares in the company, valued at $206,039,270.30. This trade represents a 10.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $3.78, for a total transaction of $28,264,950.00. Following the transaction, the insider owned 19,374 shares of the company’s stock, valued at $73,233.72. This trade represents a 99.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have purchased 10,252,345 shares of company stock worth $209,789,893. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BX shares. Citizens Jmp lowered their target price on Blackstone from $190.00 to $165.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Rothschild & Co Redburn decreased their price objective on Blackstone from $134.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Barclays boosted their price objective on Blackstone from $119.00 to $128.00 and gave the company an “equal weight” rating in a research note on Friday. Argus lowered their price target on shares of Blackstone from $163.00 to $146.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, The Goldman Sachs Group upped their price target on shares of Blackstone from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $147.76.

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.