Rep. Josh Gottheimer Sells Off Shares of Blackstone Inc. (NYSE:BX)

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 26th. 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 Blackstone NYSE: BX 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 Vertiv NYSE: VRT on 2/25/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 2/24/2025.

Blackstone Trading Down 0.3 %

Shares of NYSE:BX traded down $0.51 during trading on Friday, hitting $145.12. The company had a trading volume of 6,476,692 shares, compared to its average volume of 3,295,543. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71. The company has a fifty day simple moving average of $169.33 and a two-hundred day simple moving average of $167.00. Blackstone Inc. has a one year low of $115.82 and a one year high of $200.96.

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Blackstone (NYSE:BX - Get Free Report) last released its earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were given a $1.44 dividend. The ex-dividend date was Monday, February 10th. This represents a $5.76 annualized dividend and a yield of 3.97%. This is a positive change from Blackstone's previous quarterly dividend of $0.86. Blackstone's dividend payout ratio (DPR) is currently 158.68%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Blackstone from $149.00 to $154.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. BMO Capital Markets lifted their price target on shares of Blackstone from $134.00 to $157.00 and gave the company a "market perform" rating in a research note on Thursday, December 19th. Barclays restated an "equal weight" rating on shares of Blackstone in a report on Friday, February 7th. TD Cowen raised Blackstone from a "hold" rating to a "buy" rating and increased their price target for the stock from $149.00 to $230.00 in a research report on Monday, December 9th. Finally, Citigroup reaffirmed a "hold" rating on shares of Blackstone in a research note on Friday, February 7th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Blackstone has an average rating of "Hold" and an average price target of $172.38.

Hedge Funds Weigh In On Blackstone

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wood Tarver Financial Group LLC purchased a new position in shares of Blackstone in the fourth quarter worth $46,000. Castle Rock Wealth Management LLC boosted its position in Blackstone by 2.4% in the fourth quarter. Castle Rock Wealth Management LLC now owns 12,178 shares of the asset manager's stock valued at $2,007,000 after buying an additional 282 shares during the last quarter. Comprehensive Money Management Services LLC purchased a new stake in shares of Blackstone in the 4th quarter valued at $1,747,000. Siemens Fonds Invest GmbH boosted its holdings in Blackstone by 7.8% in the fourth quarter. Siemens Fonds Invest GmbH now owns 26,947 shares of the asset manager's stock valued at $4,636,000 after purchasing an additional 1,953 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. purchased a new position in shares of Blackstone during the 4th quarter valued at about $593,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Blackstone news, Director Ruth Porat purchased 301 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the purchase, the director now directly owns 36,829 shares in the company, valued at approximately $6,071,260.65. This trade represents a 0.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company's stock.

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

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.