Kestra Advisory Services LLC Buys 43,399 Shares of Blackstone Inc. $BX

Posted by Casey Walker on Jul 11th, 2026

Kestra Advisory Services LLC boosted its stake in Blackstone Inc. (NYSE:BX – Free Report) by 19.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 267,390 shares of the asset manager’s stock after purchasing an additional 43,399 shares during the period. Kestra Advisory Services LLC’s holdings in Blackstone were worth $30,747,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Family CFO Inc purchased a new stake in Blackstone in the 4th quarter worth approximately $28,000. Ares Financial Consulting LLC bought a new position in Blackstone in the 4th quarter worth $28,000. Richardson Financial Services Inc. purchased a new position in shares of Blackstone during the fourth quarter valued at about $29,000. Strive Asset Management LLC bought a new stake in Blackstone during the 3rd quarter valued at approximately $30,000. Finally, Palladiem LLC bought a new stake in shares of Blackstone during the fourth quarter valued at approximately $31,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Blackstone Stock Performance

BX traded up $0.82 during midday trading on Friday, hitting $122.97. 2,568,812 shares of the company traded hands, compared to its average volume of 4,830,672. The company’s 50-day moving average is $119.72 and its 200 day moving average is $126.95. 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 firm has a market capitalization of $91.35 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 1.33 and a beta of 1.58. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $190.09.

Blackstone (NYSE:BX – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The asset manager reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.45 billion. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 earnings per share. On average, research analysts expect that Blackstone Inc. will post 5.9 EPS for the current year.

Blackstone Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, May 4th. Blackstone’s dividend payout ratio (DPR) is 118.67%.

Analysts Set New Price Targets

A number of brokerages have recently commented on BX. Piper Sandler boosted their target price on shares of Blackstone from $122.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Barclays decreased their target price on shares of Blackstone from $124.00 to $119.00 and set an “equal weight” rating for the company in a research note on Thursday. HSBC reduced their price objective on Blackstone from $164.00 to $131.00 and set a “hold” rating for the company in a research report on Friday, April 10th. Weiss Ratings lowered Blackstone from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, Zacks Research raised shares of Blackstone from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.10.

Check Out Our Latest Research Report on Blackstone

Insider Buying and Selling

In other news, Director Ruth Porat bought 355 shares of the stock in a transaction on Monday, May 11th. The shares were bought at an average price of $123.04 per share, with a total value of $43,679.20. Following the completion of the acquisition, the director owned 41,818 shares in the company, valued at $5,145,286.72. The trade was a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total value of $28,264,950.00. Following the completion of the transaction, the insider directly owned 19,374 shares in the company, valued at $73,233.72. The trade was a 99.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have purchased a total of 10,252,345 shares of company stock valued at $209,789,893 over the last ninety days. 1.00% of the stock is owned by insiders.

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

Positive Sentiment: Citizens JMP lifted its price target on Blackstone to $165 from $190 and kept an “outperform” view, signaling confidence that the shares still have meaningful upside from current levels. Blackstone (NYSE:BX) Given New $165.00 Price Target at Citizens Jmp
Positive Sentiment: Blackstone and TPG are reportedly seeking more than $4 billion for Hologic’s surgical unit, underscoring continued private-equity dealmaking activity and potential value creation from large asset sales or acquisitions. Blackstone, TPG seek over $4 billion for Hologic’s surgical unit, FT says
Positive Sentiment: Reports that Barclays is preparing roughly $875 million of debt financing tied to a Blackstone takeover highlight active transaction flow that can support fees and investment returns for the firm. Market Chatter: Barclays Readies $875 Million Debt Sale for Blackstone’s Senior Takeover
Neutral Sentiment: Barclays cut Blackstone’s price target to $119 from $124 and kept an “equal weight” rating, reflecting a more cautious near-term view even as the target remains close to the current share price. Blackstone (NYSE:BX) Price Target Lowered to $119.00 at Barclays
Neutral Sentiment: A separate report said Apollo and Blackstone helped turn Broadcom’s and Anthropic’s AI chip financing into debt for other investors, which is notable but not directly a clear positive or negative catalyst for BX shares. Apollo and Blackstone just turned Broadcom, Anthropic’s AI chip bet into somebody else’s debt

Blackstone Profile

(Free Report)

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.