Rep. Marjorie Taylor Greene Purchases Shares of Blackstone Inc. (NYSE:BX)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Blackstone Inc. NYSE: BX. In a filing disclosed on March 19th, the Representative disclosed that they had bought between $1,001 and $15,000 in Blackstone stock on March 17th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of Cardinal Health NYSE: CAH on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of Digital Realty Trust NYSE: DLR on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of Caterpillar NYSE: CAT on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 3/17/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 3/17/2025.

Blackstone Price Performance

NYSE:BX traded up $3.84 during trading hours on Monday, hitting $152.13. The company's stock had a trading volume of 3,064,068 shares, compared to its average volume of 3,279,256. 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 market capitalization of $110.97 billion, a P/E ratio of 41.91, a PEG ratio of 1.07 and a beta of 1.55. Blackstone Inc. has a twelve month low of $115.82 and a twelve month high of $200.96. The stock has a fifty day simple moving average of $163.53 and a 200-day simple moving average of $167.49.

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Blackstone (NYSE:BX - Get Free Report) last issued 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, analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a $1.44 dividend. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Blackstone's previous quarterly dividend of $0.86. Blackstone's dividend payout ratio (DPR) is currently 158.68%.

Insider Buying and Selling

In related news, Director Ruth Porat acquired 301 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $164.85 per share, for a total transaction of $49,619.85. Following the purchase, the director now owns 36,829 shares in the company, valued at approximately $6,071,260.65. The trade was a 0.82 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Blackstone

Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Blackstone during the 4th quarter worth approximately $974,448,000. Raymond James Financial Inc. bought a new position in shares of Blackstone in the 4th quarter worth $316,257,000. Capital Research Global Investors bought a new stake in Blackstone during the 4th quarter valued at $239,837,000. Vanguard Group Inc. raised its holdings in Blackstone by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 66,894,632 shares of the asset manager's stock worth $11,533,972,000 after buying an additional 889,286 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Blackstone by 38.8% during the fourth quarter. FMR LLC now owns 2,990,238 shares of the asset manager's stock valued at $515,577,000 after buying an additional 835,170 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Piper Sandler increased their target price on Blackstone from $168.00 to $179.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Blackstone from $174.00 to $177.00 and gave the stock a "market perform" rating in a research report on Friday, January 31st. TD Cowen raised shares of Blackstone from a "hold" rating to a "buy" rating and raised their price target for the company from $149.00 to $230.00 in a research note on Monday, December 9th. StockNews.com cut shares of Blackstone from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Finally, Barclays reaffirmed an "equal weight" rating on shares of Blackstone in a report on Friday, February 7th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $171.13.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2026 election.

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.