Alps Advisors Inc. Sells 645 Shares of Blackstone Inc. (NYSE:BX)

12 Jul 2025, 09:24 by Jessica Moore · The Cerbat Gem

Alps Advisors Inc. reduced its holdings in shares of Blackstone Inc. (NYSE:BX – Free Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,890 shares of the asset manager’s stock after selling 645 shares during the quarter. Alps Advisors Inc.’s holdings in Blackstone were worth $3,200,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Illinois Municipal Retirement Fund increased its holdings in Blackstone by 105.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 13,405 shares of the asset manager’s stock worth $1,874,000 after purchasing an additional 6,878 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Blackstone during the 4th quarter valued at about $63,109,000. Parallel Advisors LLC boosted its holdings in Blackstone by 6.6% in the first quarter. Parallel Advisors LLC now owns 31,212 shares of the asset manager’s stock worth $4,363,000 after acquiring an additional 1,943 shares in the last quarter. Comprehensive Money Management Services LLC bought a new position in Blackstone in the fourth quarter worth approximately $1,747,000. Finally, Vanguard Group Inc. boosted its holdings in Blackstone by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 66,894,632 shares of the asset manager’s stock worth $11,533,972,000 after acquiring an additional 889,286 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors.

Blackstone Stock Performance

NYSE:BX opened at $162.21 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.75 and a quick ratio of 0.75. The business has a fifty day simple moving average of $143.68 and a two-hundred day simple moving average of $150.98. Blackstone Inc. has a 1 year low of $115.66 and a 1 year high of $200.96. The company has a market capitalization of $118.36 billion, a P/E ratio of 48.86, a P/E/G ratio of 1.50 and a beta of 1.65.

Blackstone (NYSE:BX – Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The asset manager reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.13). The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Blackstone had a net margin of 19.83% and a return on equity of 19.84%. During the same quarter last year, the firm posted $0.98 earnings per share. On average, analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 28th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Monday, April 28th. Blackstone’s dividend payout ratio (DPR) is presently 112.05%.

Insider Activity

In related news, insider John G. Finley sold 25,000 shares of Blackstone stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $138.47, for a total transaction of $3,461,750.00. Following the completion of the sale, the insider owned 475,336 shares of the company’s stock, valued at approximately $65,819,775.92. This trade represents a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Private Credit Stra Blackstone acquired 1,660,000 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average cost of $15.00 per share, with a total value of $24,900,000.00. Following the purchase, the insider directly owned 1,666,667 shares of the company’s stock, valued at $25,000,005. This trade represents a 24,898.76% increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BX. Cowen restated a “buy” rating on shares of Blackstone in a report on Monday, April 21st. TD Cowen dropped their target price on Blackstone from $233.00 to $147.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Barclays reaffirmed an “equal weight” rating on shares of Blackstone in a research report on Thursday. Wells Fargo & Company increased their price target on Blackstone from $153.00 to $167.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods decreased their price target on Blackstone from $141.00 to $139.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Blackstone has a consensus rating of “Hold” and an average target price of $161.29.

Read Our Latest Analysis on Blackstone

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