Norges Bank Purchases New Shares in Blackstone Inc. $BX

31 May 2026, 08:14 by Doug Wharley · The Cerbat Gem

Norges Bank purchased a new stake in Blackstone Inc. (NYSE:BX – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,276,548 shares of the asset manager’s stock, valued at approximately $1,275,747,000.

Other institutional investors have also made changes to their positions in the company. REAP Financial Group LLC bought a new stake in Blackstone during the 3rd quarter worth about $26,000. Family CFO Inc bought a new stake in Blackstone during the 4th quarter worth about $28,000. Ares Financial Consulting LLC bought a new stake in Blackstone during the 4th quarter worth about $28,000. Richardson Financial Services Inc. bought a new stake in Blackstone during the 4th quarter worth about $29,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Blackstone during the 3rd quarter worth about $30,000. 70.00% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Blackstone news, major shareholder Holdings I. L.P. Blackstone sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $19.00, for a total transaction of $475,000.00. Following the completion of the transaction, the insider owned 125,000 shares of the company’s stock, valued at $2,375,000. This represents a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total value of $26,246,039.04. Following the transaction, the insider directly 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 SEC filing for this sale provides additional information. In the last three months, insiders acquired 12,355,303 shares of company stock worth $264,789,896 and sold 7,532,518 shares worth $30,496,500. 1.00% of the stock is owned by company insiders.

Blackstone Price Performance

Shares of BX opened at $117.05 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50 day simple moving average of $118.68 and a 200 day simple moving average of $132.69. Blackstone Inc. has a 52-week low of $101.73 and a 52-week high of $190.09. The firm has a market capitalization of $86.95 billion, a PE ratio of 29.93, a P/E/G ratio of 1.27 and a beta of 1.63.

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

Blackstone Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors 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 4.0%. Blackstone’s payout ratio is currently 118.67%.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

Positive Sentiment: Blackstone is expanding its AI infrastructure exposure through a new $5 billion joint venture with Google to build U.S.-based data center capacity and provide TPU compute services, giving investors a new growth angle tied to AI demand. Blackstone (BX) to Invest $5B in TPU Cloud Joint Venture with Google
Positive Sentiment: Blackstone was also mentioned in reports that it and Apollo are arranging about $36 billion in financing tied to Anthropic’s AI chip expansion, reinforcing the firm’s role in large-scale AI-related capital deployment. Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports
Positive Sentiment: DBS Bank upgraded Blackstone to “moderate buy,” which can bolster investor sentiment around the stock. Blackstone was upgraded by Dbs Bank to moderate buy
Neutral Sentiment: Blackstone announced that President and COO Jon Gray will present at Morgan Stanley’s U.S. Financials Conference on June 9, which is mainly a visibility event rather than a direct business catalyst. Blackstone to Present at Morgan Stanley’s US Financials Conference
Negative Sentiment: Reports that Blackstone plans to sell a Seattle office building at roughly a 54% loss highlight ongoing stress in office real estate, a potential headwind for investor sentiment toward parts of Blackstone’s portfolio. Blackstone to sell Seattle office building for ~54% below purchase price – report
Negative Sentiment: Another article said Blackstone is facing valuation questions in the broader market, which can add to uncertainty around the stock’s pricing. Blackstone Swings Put S&P 500 Valuation In Focus

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on Blackstone from $143.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Royal Bank Of Canada set a $173.00 price objective on Blackstone in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Blackstone from $156.00 to $146.00 and set a “buy” rating for the company in a research note on Friday, April 24th. JPMorgan Chase & Co. lowered their price target on Blackstone from $142.00 to $136.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Finally, Oppenheimer upped their price target on Blackstone from $154.00 to $156.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Twelve analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Blackstone presently has an average rating of “Hold” and an average price target of $151.05.

Check Out Our Latest Report on BX

Blackstone Company 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.

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