Torray Investment Partners LLC Sells 11,650 Shares of Blackstone Inc. $BX

Torray Investment Partners LLC lessened its position in Blackstone Inc. (NYSE:BX) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,162 shares of the asset manager’s stock after selling 11,650 shares during the period. Blackstone accounts for about 2.6% of Torray Investment Partners LLC’s portfolio, making the stock its 18th biggest holding. Torray Investment Partners LLC’s holdings in Blackstone were worth $19,858,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Blackstone in the second quarter valued at approximately $6,112,162,000. Bank of America Corp DE bought a new position in Blackstone in the 2nd quarter valued at approximately $1,364,373,000. Legal & General Group Plc acquired a new stake in Blackstone during the 2nd quarter worth approximately $605,267,000. Bank of New York Mellon Corp acquired a new stake in Blackstone during the 2nd quarter worth approximately $514,736,000. Finally, Deutsche Bank AG bought a new stake in Blackstone during the 2nd quarter worth approximately $270,380,000. 70.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Blackstone

In related news, insider John Finley sold 45,000 shares of Blackstone stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $147.11, for a total transaction of $6,619,950.00. Following the completion of the transaction, the insider owned 516,017 shares of the company’s stock, valued at $75,911,260.87. This trade represents a 8.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 3,767,776 shares of the business’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $2.94, for a total transaction of $11,077,261.44. Following the completion of the transaction, the insider owned 16,120 shares in the company, valued at approximately $47,392.80. The trade was a 99.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have purchased 464,792 shares of company stock valued at $12,205,945 and have sold 4,047,276 shares valued at $33,507,144. Corporate insiders own 1.00% of the company’s stock.

Blackstone Stock Performance

Shares of BX stock opened at $118.08 on Wednesday. The stock has a market capitalization of $88.63 billion, a PE ratio of 20.19, a PEG ratio of 1.53 and a beta of 1.52. The business’s 50 day simple moving average is $121.67 and its 200 day simple moving average is $124.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.71 and a quick ratio of 0.72. Blackstone Inc. has a one year low of $101.73 and a one year high of $165.14.

Blackstone (NYSE:BX) last released its quarterly earnings results on Thursday, October 22nd. The asset manager reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.06. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.27 billion. Blackstone had a net margin of 22.11% and a return on equity of 23.16%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 EPS. As a group, research analysts forecast that Blackstone Inc. will post 5.89 earnings per share for the current year.

Blackstone Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. This is a drop from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date is Monday, November 2nd. Blackstone’s dividend payout ratio is currently 99.56%.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone Life Sciences and Boston Scientific announced a $455 million collaboration to co-fund development of a heart-pump system for patients in cardiogenic shock. The project expands Blackstone’s life-sciences investment activity, though returns depend on development and commercial success. Article: Blackstone Life Sciences announces $455 million collaboration
• Positive Sentiment: A Blackstone-led investor group, alongside Canadian institutional investors, agreed to invest $3.1 billion in a 49.9% non-controlling interest in the entity holding Mitsubishi’s stake in LNG Canada. The deal adds exposure to a major energy project and demonstrates Blackstone’s ability to assemble large investment partnerships. Article: Blackstone and Canadian investors announce LNG Canada investment
• Neutral Sentiment: President Jon Gray said the scale of AI infrastructure investment will require more equity funding, while warning that debt investors face concentration risks. The expected fundraising could create opportunities for Blackstone, but the comments also underscore market-wide financing and risk concerns. Article: Blackstone president calls for more equity to fund AI buildout
• Neutral Sentiment: Blackstone completed a $1.1 billion senior-notes offering, with notes due in 2031 and 2033 carrying interest rates of 5.65% and 5.90%. The financing provides capital but also adds debt obligations. Article: Blackstone completes senior notes offering
• Negative Sentiment: The AI financing discussion may weigh on sentiment by drawing attention to the scale of required capital and the risks of concentrated debt exposure, although the concern applies broadly to the sector rather than indicating a specific Blackstone loss. Article: Blackstone president says more tech sector fundraising ahead

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BX. Credit Suisse Group set a $165.00 price target on shares of Blackstone in a research report on Friday, October 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $130.00 price target on shares of Blackstone in a report on Wednesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Blackstone in a research note on Thursday, October 22nd. HSBC restated a “hold” rating and issued a $135.00 price objective on shares of Blackstone in a report on Monday, July 20th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Blackstone in a report on Friday, October 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Blackstone presently has a consensus rating of “Moderate Buy” and an average target price of $144.57.

About Blackstone

Blackstone Inc (NYSE:BX) is a global alternative asset management firm that provides investment and advisory services to institutional investors, companies, and qualified individual investors. The company manages capital across private equity, real estate, credit and insurance, infrastructure, hedge fund solutions, secondaries, and growth-oriented investments.

Blackstone invests in and manages portfolios of businesses, properties, infrastructure assets, and credit instruments across a range of industries.