Kathmere Capital Management LLC Sells 4,492 Shares of Blackstone Inc. $BX

09 Jul 2026, 09:16 by Michael Walen · The Markets Daily

Kathmere Capital Management LLC decreased its stake in shares of Blackstone Inc. (NYSE:BX – Free Report) by 65.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,390 shares of the asset manager’s stock after selling 4,492 shares during the quarter. Kathmere Capital Management LLC’s holdings in Blackstone were worth $275,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Family CFO Inc acquired a new position in shares of Blackstone in the fourth quarter valued at $28,000. Ares Financial Consulting LLC bought a new stake in Blackstone in the 4th quarter valued at $28,000. Richardson Financial Services Inc. bought a new position in shares of Blackstone during the 4th quarter worth about $29,000. Strive Asset Management LLC acquired a new stake in Blackstone in the 3rd quarter valued at $30,000. Finally, Palladiem LLC bought a new stake in Blackstone during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Activity at Blackstone

In related news, Director Ruth Porat bought 355 shares of the company’s stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $123.04 per share, for a total transaction of $43,679.20. Following the acquisition, the director owned 41,818 shares of the company’s stock, valued at approximately $5,145,286.72. This represents a 0.86% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Vikrant Sawhney sold 30,014 shares of the company’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 transaction of $3,775,461.06. Following the completion of the transaction, the insider owned 899,669 shares of the company’s stock, valued at $113,169,363.51. This trade represents a 3.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have acquired a total of 10,252,345 shares of company stock valued at $209,789,893 over the last 90 days. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BX. Evercore reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Blackstone in a research note on Tuesday, April 21st. Morgan Stanley dropped their price objective on shares of Blackstone from $215.00 to $184.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. 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 report on Tuesday, June 9th. Piper Sandler boosted their target price on Blackstone from $122.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Finally, Jefferies Financial Group raised their price target on Blackstone from $143.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Thirteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $149.36.

Get Our Latest Research Report on Blackstone

Blackstone Stock Down 1.9%

Blackstone stock opened at $118.62 on Thursday. Blackstone Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $190.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $88.12 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 1.31 and a beta of 1.58. The company’s 50 day simple moving average is $119.64 and its 200 day simple moving average is $127.19.

Blackstone (NYSE:BX – Get Free Report) last posted its earnings results 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 company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the business posted $1.11 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Blackstone Inc. will post 5.9 EPS for the current year.

Blackstone Cuts Dividend

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

About Blackstone

(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.