Assetmark Inc. Raises Stock Position in Blackstone Inc. $BX

02 Nov 2025, 11:37 by Kim Johansen · The Markets Daily

Assetmark Inc. grew its position in shares of Blackstone Inc. (NYSE:BX – Free Report) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,398 shares of the asset manager’s stock after purchasing an additional 6,740 shares during the period. Assetmark Inc.’s holdings in Blackstone were worth $11,278,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Arcus Capital Partners LLC grew its position in shares of Blackstone by 1.2% during the second quarter. Arcus Capital Partners LLC now owns 4,937 shares of the asset manager’s stock valued at $739,000 after purchasing an additional 58 shares in the last quarter. Mattern Wealth Management LLC grew its position in shares of Blackstone by 2.8% during the second quarter. Mattern Wealth Management LLC now owns 2,213 shares of the asset manager’s stock valued at $331,000 after purchasing an additional 60 shares in the last quarter. Sage Rhino Capital LLC grew its position in shares of Blackstone by 0.8% during the second quarter. Sage Rhino Capital LLC now owns 8,036 shares of the asset manager’s stock valued at $1,202,000 after purchasing an additional 63 shares in the last quarter. WNY Asset Management LLC lifted its holdings in shares of Blackstone by 1.7% in the 2nd quarter. WNY Asset Management LLC now owns 3,852 shares of the asset manager’s stock valued at $576,000 after acquiring an additional 64 shares during the last quarter. Finally, Jeppson Wealth Management LLC lifted its holdings in shares of Blackstone by 1.0% in the 2nd quarter. Jeppson Wealth Management LLC now owns 6,549 shares of the asset manager’s stock valued at $980,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on BX. Citigroup lowered their price target on shares of Blackstone from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Piper Sandler lowered their price target on shares of Blackstone from $173.00 to $168.00 and set a “neutral” rating for the company in a report on Friday, October 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $195.00 price target on shares of Blackstone in a report on Friday, October 24th. Barclays decreased their price objective on shares of Blackstone from $171.00 to $165.00 and set an “equal weight” rating for the company in a research note on Friday, October 24th. Finally, The Goldman Sachs Group raised their price objective on shares of Blackstone from $173.00 to $174.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.74.

Check Out Our Latest Stock Report on BX

Blackstone Stock Performance

Shares of NYSE:BX opened at $146.45 on Friday. The firm has a market cap of $107.94 billion, a PE ratio of 41.84, a price-to-earnings-growth ratio of 1.18 and a beta of 1.77. The firm’s 50 day simple moving average is $168.51 and its 200-day simple moving average is $156.80. Blackstone Inc. has a one year low of $115.66 and a one year high of $200.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.75.

Blackstone (NYSE:BX – Get Free Report) last issued its earnings results on Friday, November 22nd. The asset manager reported $0.97 EPS for the quarter. The business had revenue of $2.49 billion for the quarter. Blackstone had a net margin of 20.56% and a return on equity of 22.30%. As a group, equities analysts predict that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Monday, November 3rd will be given a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Blackstone’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, November 3rd. Blackstone’s dividend payout ratio is 147.43%.

Insider Activity at Blackstone

In related news, insider Vikrant Sawhney sold 50,850 shares of Blackstone stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $173.64, for a total transaction of $8,829,594.00. Following the transaction, the insider directly owned 737,248 shares of the company’s stock, valued at $128,015,742.72. This trade represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John G. Finley sold 21,500 shares of Blackstone stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $171.46, for a total transaction of $3,686,390.00. Following the transaction, the insider directly owned 453,836 shares in the company, valued at approximately $77,814,720.56. The trade was a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders bought 2,551,515 shares of company stock valued at $67,038,327 and sold 16,984,634 shares valued at $155,181,346. 1.00% of the stock is owned by corporate insiders.

Blackstone Profile

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