Blackstone Inc. (NYSE:BX) Shares Sold by IHT Wealth Management LLC

23 Apr 2025, 10:32 by Renee Jackson · The Cerbat Gem

IHT Wealth Management LLC trimmed its stake in shares of Blackstone Inc. (NYSE:BX – Free Report) by 31.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,662 shares of the asset manager’s stock after selling 4,506 shares during the quarter. IHT Wealth Management LLC’s holdings in Blackstone were worth $1,666,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of BX. Vanguard Group Inc. raised its position in shares of Blackstone by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 66,894,632 shares of the asset manager’s stock valued at $11,533,972,000 after buying an additional 889,286 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Blackstone by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 15,341,300 shares of the asset manager’s stock worth $2,637,266,000 after purchasing an additional 444,887 shares during the last quarter. Invesco Ltd. grew its position in shares of Blackstone by 6.6% in the fourth quarter. Invesco Ltd. now owns 5,987,702 shares of the asset manager’s stock valued at $1,032,400,000 after purchasing an additional 371,677 shares in the last quarter. Norges Bank purchased a new position in Blackstone during the fourth quarter worth approximately $974,448,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Blackstone by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,045,143 shares of the asset manager’s stock valued at $697,464,000 after buying an additional 113,732 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Blackstone Trading Up 3.9 %

NYSE:BX opened at $124.89 on Wednesday. The stock has a fifty day moving average price of $143.60 and a 200 day moving average price of $164.45. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 12-month low of $115.66 and a 12-month high of $200.96. The firm has a market cap of $91.10 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 1.07 and a beta of 1.61.

Blackstone (NYSE:BX – Get Free Report) last released its earnings results on Thursday, April 17th. The asset manager reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.13). Blackstone had a return on equity of 19.58% and a net margin of 20.99%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. Sell-side analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 28th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Monday, April 28th. Blackstone’s dividend payout ratio is presently 158.68%.

Insider Activity

In related news, Director Ruth Porat bought 301 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of $164.85 per share, with a total value of $49,619.85. Following the transaction, the director now directly owns 36,829 shares of the company’s stock, valued at approximately $6,071,260.65. This represents a 0.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BX. Citigroup dropped their price objective on shares of Blackstone from $190.00 to $137.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Cowen reaffirmed a “buy” rating on shares of Blackstone in a research report on Monday. JMP Securities raised Blackstone from a “market perform” rating to a “market outperform” rating and set a $165.00 target price for the company in a research note on Tuesday, April 8th. Piper Sandler lowered their price target on Blackstone from $182.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their target price on shares of Blackstone from $160.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $153.72.

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