Blackstone Inc.

🇺🇸New York Stock Exchange
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Blackstone Inc. stock analysis BX overview
Bullish +62

Arrow Capital Management LLC Purchases New Holdings in Blackstone Inc ...

📈 Arrow Capital Management LLC acquired 79,971 shares of Blackstone Inc., valuing the new stake at approximately $12.3 million.

📉 Major shareholder Bx Buzz Ml-1 Gp Llc sold 7.48 million shares on June 16th for a total value of $28.3 million.

💰 Director Ruth Porat purchased 355 shares at an average price of $123.04, increasing her direct ownership stake.

📊 Blackstone reported Q4 earnings of $1.36 EPS, beating the consensus estimate of $1.34 by $0.02.

📈 Revenue for the quarter reached $3.43 billion, representing a 10% increase compared to the same period last year.

💵 The company paid a quarterly dividend of $1.16 per share on May 11th with an annualized yield of 3.7%.

📉 Institutional investors and hedge funds collectively own 70% of the company's outstanding stock.

📊 Blackstone trades at a P/E ratio of 31.66 with a market capitalization of $91.95 billion.

📉 The stock opened at $123.78, trading below its 200-day moving average of $130.40.

🔮 Equities analysts forecast full-year earnings of $5.9 per share for Blackstone Inc.

Bullish Signals
  • Blackstone beat quarterly earnings expectations with EPS of $1.36 versus the consensus estimate of $1.34.
  • The company achieved a 10% year-over-year revenue increase, posting $3.43 billion in quarterly revenue.
  • Strong institutional interest is evident as Arrow Capital Management made Blackstone its fourth-largest holding.
  • Corporate insiders have been net buyers over the last ninety days, purchasing nearly $190 million worth of stock.
  • The firm offers a solid dividend yield of 3.7% with a payout ratio of 118.67%.
  • Blackstone maintains healthy profitability metrics including a 20.67% net margin and 22.86% return on equity.
Risk Factors
  • Major shareholder Bx Buzz Ml-1 Gp Llc reduced its position by 99.74%, selling over $28 million in shares.
  • The stock is currently trading below its 200-day moving average of $130.40, indicating potential short-term weakness.
  • Revenue of $3.43 billion slightly missed analyst estimates of $3.45 billion for the quarter.
Full Analysis
Arrow Capital Management LLC increased its stake in Blackstone Inc. (NYSE:BX) during the fourth quarter, acquiring approximately 79,971 shares valued at $12.3 million. This acquisition represents about 7.2% of Arrow's total portfolio, making Blackstone its fourth-largest holding. Other institutional investors also adjusted their positions, including Walser Wealth Management and MV Capital Management which established new stakes, while White Knight Strategic Wealth Advisors boosted its position by 30.7%. Major shareholder Bx Buzz Ml-1 Gp Llc executed a significant sale on June 16th, offloading 7.48 million shares at an average price of $3.78 for a total value of roughly $28.3 million. This transaction resulted in a 99.74% reduction in their ownership stake. Conversely, Director Ruth Porat purchased 355 shares on May 11th at $123.04 per share, increasing her direct ownership by 0.86%. Over the last ninety days, corporate insiders have collectively purchased over 9.4 million shares worth nearly $190 million. Blackstone reported fourth-quarter earnings of $1.36 per share, beating analyst estimates of $1.34, with revenue reaching $3.43 billion, a 10% year-over-year increase. The company maintains a market capitalization of $91.95 billion and a dividend yield of 3.7%. Financial metrics include a debt-to-equity ratio of 0.66 and a P/E ratio of 31.66. Analysts project full-year earnings of $5.9 per share, though the stock recently traded below its 200-day moving average.