Representative Josh Gottheimer (D-New Jersey) recently sold shares of Blackstone Inc. NYSE: BX. In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Blackstone stock on February 27th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.
Representative Josh Gottheimer also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 2/28/2025.
- Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 2/28/2025.
- Sold $1,001 - $15,000 in shares of Block NYSE: XYZ on 2/27/2025.
- Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 2/27/2025.
- Sold $1,001 - $15,000 in shares of Paragon 28 NYSE: FNA on 2/27/2025.
- Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 2/26/2025.
- Purchased $1,001 - $15,000 in shares of Fiserv NYSE: FI on 2/26/2025.
- Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 2/26/2025.
- Sold $1,001 - $15,000 in shares of Vertiv NYSE: VRT on 2/25/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 2/24/2025.
Blackstone Stock Performance
Shares of NYSE:BX traded down $0.51 during trading on Friday, hitting $145.12. The stock had a trading volume of 6,476,692 shares, compared to its average volume of 3,295,543. The stock has a 50-day simple moving average of $169.33 and a two-hundred day simple moving average of $167.00. The stock has a market capitalization of $105.86 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth ratio of 1.07 and a beta of 1.55. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61.
Blackstone (NYSE:BX - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, beating the consensus estimate of $1.50 by $0.19. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. On average, equities research analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.
Blackstone Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a dividend of $1.44 per share. The ex-dividend date was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a yield of 3.97%. This is a boost from Blackstone's previous quarterly dividend of $0.86. Blackstone's payout ratio is currently 158.68%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on BX shares. StockNews.com lowered Blackstone from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Blackstone from $149.00 to $154.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Piper Sandler boosted their target price on shares of Blackstone from $168.00 to $179.00 and gave the company a "neutral" rating in a research note on Monday, December 23rd. BMO Capital Markets lifted their price objective on shares of Blackstone from $134.00 to $157.00 and gave the company a "market perform" rating in a report on Thursday, December 19th. Finally, Wells Fargo & Company cut their price target on Blackstone from $195.00 to $180.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $172.38.
Check Out Our Latest Research Report on BX
Hedge Funds Weigh In On Blackstone
Several hedge funds and other institutional investors have recently modified their holdings of BX. Bangor Savings Bank grew its holdings in Blackstone by 187.5% in the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock valued at $28,000 after buying an additional 105 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Blackstone during the 4th quarter worth $28,000. Centricity Wealth Management LLC acquired a new position in Blackstone in the fourth quarter valued at about $30,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Blackstone in the 4th quarter valued at approximately $33,000. Finally, Berbice Capital Management LLC purchased a new position in shares of Blackstone during the fourth quarter worth $34,000. 70.00% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Ruth Porat acquired 301 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the purchase, the director now owns 36,829 shares of the company's stock, valued at $6,071,260.65. This represents a 0.82 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.
About Representative Gottheimer
Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.
Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election.
Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.
Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.
Blackstone Company Profile
(
Get Free Report)
Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.
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