Northwestern Mutual Wealth Management Co. Invests $16.44 Million in Blackstone Inc. $BX

23 Aug 2026, 12:48 by Michael Walen · The Markets Daily

Northwestern Mutual Wealth Management Co. bought a new position in Blackstone Inc. (NYSE:BX – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 139,717 shares of the asset manager’s stock, valued at approximately $16,440,000.

Several other hedge funds have also recently made changes to their positions in BX. Strive Asset Management LLC bought a new stake in Blackstone in the 3rd quarter worth approximately $30,000. Ares Financial Consulting LLC bought a new position in Blackstone in the 4th quarter worth $28,000. Kelleher Financial Advisors purchased a new stake in Blackstone in the third quarter worth about $34,000. Palladiem LLC bought a new stake in Blackstone during the 4th quarter worth approximately $31,000. Finally, Entrust Financial LLC purchased a new position in shares of Blackstone during the 4th quarter valued at $32,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Blackstone news, major shareholder Private Multi-Asset Blackstone acquired 765,111 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average cost of $26.14 per share, for a total transaction of $20,000,001.54. Following the completion of the transaction, the insider owned 7,882,145 shares of the company’s stock, valued at approximately $206,039,270.30. The trade was a 10.75% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John G. Finley sold 45,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $147.11, for a total value of $6,619,950.00. Following the transaction, the insider owned 516,017 shares of the company’s stock, valued at approximately $75,911,260.87. This represents a 8.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have acquired 1,339,180 shares of company stock worth $35,062,433 and have sold 7,562,000 shares worth $40,331,085. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Piper Sandler boosted their price target on Blackstone from $122.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Argus lifted their target price on Blackstone from $146.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. HSBC reiterated a “hold” rating and set a $135.00 target price on shares of Blackstone in a report on Monday, July 20th. Sanford C. Bernstein initiated coverage on shares of Blackstone in a research report on Monday, June 8th. They issued an “outperform” rating on the stock. Finally, TD Cowen upped their price target on shares of Blackstone from $133.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.95.

View Our Latest Stock Report on Blackstone

Blackstone Trading Up 1.6%

BX stock opened at $143.56 on Friday. The business’s 50-day moving average is $128.82 and its 200 day moving average is $122.57. Blackstone Inc. has a 12-month low of $101.73 and a 12-month high of $190.09. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.63. The stock has a market cap of $107.76 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 1.59 and a beta of 1.56.

Blackstone (NYSE:BX – Get Free Report) last announced its earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.18. The company had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $3.42 billion. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. On average, sell-side analysts anticipate that Blackstone Inc. will post 5.99 EPS for the current fiscal year.

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were paid a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 3.6%. This is an increase from Blackstone’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Monday, August 3rd. Blackstone’s dividend payout ratio is presently 115.44%.

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.