Vanguard Portfolio Management Adds $2.1B in Blackstone Inc. ($BX)

Vanguard Portfolio Management has taken a new position in Blackstone Inc. (NYSE:BX), acquiring 16,037,998 shares. This stake is valued at approximately $2.05 billion, according to the firm's latest 13F filing with the SEC, reflecting its holdings as of the reporting period.

What Changed in Vanguard Portfolio Management's Blackstone Position

Vanguard Portfolio Management's acquisition of 16 million shares marks a new position in Blackstone, with no prior holdings reported. The shares were purchased at a cost basis of $123.66 each, establishing a significant stake in the asset management firm.

Other Institutional Activity in Blackstone

Other major funds have also been active in Blackstone. BlackRock, Inc. increased its holdings by 1,273,962 shares, bringing its total to 52,702,690 shares worth about $6.06 billion. Vanguard Capital Management LLC also took a new position with 48,309,794 shares valued at $5.56 billion. Meanwhile, Morgan Stanley reduced its stake by 367,727 shares, holding 32,494,438 shares valued at $3.74 billion. State Street Corp added 485,692 shares, totaling 32,027,701 shares worth $3.68 billion. Charles Schwab Investment Management Inc significantly increased its position by 17,007,658 shares, ending with 21,359,609 shares valued at $2.46 billion.

Blackstone Inc. Stock Snapshot

Shares of Blackstone Inc. (NYSE:BX) are trading near $127.87. The company has a market capitalization of $156.3 billion and a P/E ratio of 32.79, with a forward P/E of 16.97. Its beta is 1.585, indicating higher volatility compared to the market. Over the past 52 weeks, the stock has ranged from $101.73 to $190.09, with moving averages of $120.86 (50-day) and $139.78 (200-day). Blackstone's current ratio stands at 0.896, while its debt-to-equity ratio is 72.022.

Recent Earnings

In its recent earnings report, Blackstone posted revenue of $14.4 billion, reflecting a growth of 5.7%. The company achieved a net margin of 21.2% and a return on equity of 29.5%. Earnings per share were $3.90. The next earnings announcement is expected on July 23, 2026.

Dividend

Blackstone pays an annual dividend of $4.97, yielding 3.89%. The dividend payout ratio is 121.54%.

Insider Buying and Selling at Blackstone Inc.

Insider activity at Blackstone Inc. includes several transactions. On May 11, 2026, Ruth Porat purchased 440 shares at an average price of $122.99. Vikrant Sawhney, the Chief Administrative Officer, sold 30,014 shares at $125.79 on May 1, 2026. Several insiders, including Porat and Joseph Baratta, made purchases on April 1, 2026, with Baratta acquiring 124,626 shares.

Analysts Set New Price Targets

Analysts have been active in setting price targets for Blackstone. On May 18, 2026, TD Cowen maintained a 'buy' rating with a $133 price target. Piper Sandler and JP Morgan both maintained 'hold' ratings with targets of $130 and $136, respectively, in late April. Oppenheimer and TD Cowen have higher targets, with Oppenheimer aiming for $156. The consensus recommendation is a 'buy', with an average target price of $143.45 among 20 analysts.

About Blackstone Inc.

Blackstone Inc. is a leading alternative asset management firm based in New York, NY. Founded in 1985, it specializes in private equity, venture capital, real estate, and hedge fund solutions. The firm operates globally, investing across various stages and sectors, including real estate, credit, and multi-asset class strategies. Blackstone has over 5,000 employees and is led by CEO Stephen Schwarzman.

Bottom Line

Vanguard Portfolio Management's new stake in Blackstone Inc. reflects growing institutional interest in the asset manager. With a significant market cap and diverse operations, Blackstone remains a key player in the financial services sector. The 13F filing provides a historical view of Vanguard's position as of the reporting date, and investors should consider subsequent developments and market conditions.