Blackstone Inc. $BX Shares Sold by Syntegra Private Wealth Group LLC

04 Jul 2026, 11:58 by Mitch Edgeman · The Markets Daily

Syntegra Private Wealth Group LLC cut its stake in shares of Blackstone Inc. (NYSE:BX – Free Report) by 60.1% in the 1st quarter, Holdings Channel reports. The firm owned 18,190 shares of the asset manager’s stock after selling 27,390 shares during the quarter. Syntegra Private Wealth Group LLC’s holdings in Blackstone were worth $2,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BX. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in Blackstone by 37.0% in the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 21,569 shares of the asset manager’s stock valued at $2,480,000 after buying an additional 5,821 shares during the last quarter. Canal Capital Management LLC increased its holdings in shares of Blackstone by 17.7% in the 1st quarter. Canal Capital Management LLC now owns 105,645 shares of the asset manager’s stock worth $12,148,000 after acquiring an additional 15,892 shares during the period. First Dallas Securities Inc. lifted its position in Blackstone by 1.6% in the 1st quarter. First Dallas Securities Inc. now owns 6,510 shares of the asset manager’s stock valued at $749,000 after purchasing an additional 100 shares during the last quarter. Turtle Creek Wealth Advisors LLC grew its position in Blackstone by 35.8% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 56,803 shares of the asset manager’s stock worth $6,532,000 after purchasing an additional 14,981 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Blackstone by 3.7% during the first quarter. Private Advisor Group LLC now owns 244,376 shares of the asset manager’s stock valued at $28,101,000 after buying an additional 8,821 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Activity

In related news, major shareholder Private Multi-Asset Blackstone acquired 765,111 shares of Blackstone stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of $26.14 per share, with a total value of $20,000,001.54. Following the purchase, the insider directly owned 7,882,145 shares in the company, valued at $206,039,270.30. The trade was a 10.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vikrant Sawhney sold 30,014 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $125.79, for a total value of $3,775,461.06. Following the sale, the insider directly owned 899,669 shares in the company, valued at $113,169,363.51. This trade represents a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders purchased a total of 10,252,345 shares of company stock valued at $209,789,893 in the last ninety days. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BX shares. Deutsche Bank Aktiengesellschaft assumed coverage on Blackstone in a report on Monday, June 8th. They issued a “buy” rating for the company. TD Cowen reduced their price target on Blackstone from $140.00 to $133.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Royal Bank Of Canada initiated coverage on Blackstone in a report on Monday, June 8th. They set an “outperform” rating on the stock. Dbs Bank raised shares of Blackstone to a “moderate buy” rating in a report on Wednesday, May 27th. Finally, BMO Capital Markets raised their target price on shares of Blackstone from $126.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Blackstone presently has a consensus rating of “Moderate Buy” and an average price target of $149.36.

Check Out Our Latest Stock Analysis on BX

Blackstone Stock Down 0.0%

Shares of BX stock opened at $122.73 on Friday. Blackstone Inc. has a 1 year low of $101.73 and a 1 year high of $190.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.76 and a current ratio of 0.76. The business’s fifty day moving average is $119.67 and its 200-day moving average is $128.02. The stock has a market cap of $91.17 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.33 and a beta of 1.58.

Blackstone (NYSE:BX – Get Free Report) last announced its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.02. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter last year, the business posted $1.11 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts expect that Blackstone Inc. will post 5.9 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, May 4th. Blackstone’s payout ratio is presently 118.67%.

Blackstone Profile

(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.