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Blackstone Slides as Investors Appear to Weigh Earnings Setup and Sector Pressure

Investivoq PriceTracker

Blackstone (BX) is down 3.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a mix of pre-earnings caution and broader pressure on alternative asset managers rather than a single fresh company-specific shock. This could be because investors are reassessing third-quarter earnings expectations after estimate cuts across the sector and weighing how a higher-rate environment may affect valuations, realizations, and fundraising sentiment.

Details:

  • Blackstone has scheduled its third-quarter 2026 investor call for October 22, 2026, which can make trading more sensitive to earnings positioning and estimate revisions.
  • In a September 22 update, Blackstone said it preliminarily expected more than $350 million of revenue tied to realization activity through September 22, while also warning that full-quarter results could differ materially.
  • An analyst note published last week showed reduced third-quarter earnings estimates for U.S. alternative asset managers on average, citing seasonal factors and rate uncertainty, which likely added caution around the group.
  • Broader market coverage on October 13 highlighted a still-challenging rate backdrop for financial stocks, which can weigh on firms tied to private markets and long-duration asset values.

    • Sources:

    Blackstone, SEC, Investing.com, AP News

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $BX Insider Trading Activity

    BX Insider Trades

    $BX insiders have traded $BX stock on the open market 15 times in the past 6 months. Of those trades, 6 have been purchases and 9 have been sales.

    Here’s a breakdown of recent trading of $BX stock by insiders over the last 6 months:

    • JOSEPH BARATTA has made 0 purchases and 2 sales selling 100,000 shares for an estimated $12,380,048.
    • VIKRANT SAWHNEY (Chief Administrative Officer) has made 0 purchases and 4 sales selling 60,014 shares for an estimated $7,842,052.
    • JOHN G FINLEY (Chief Legal Officer) has made 0 purchases and 2 sales selling 45,000 shares for an estimated $6,620,110.
    • DAVID PAYNE (Chief Accounting Officer) sold 9,500 shares for an estimated $1,379,685
    • RUTH PORAT has made 6 purchases buying 893 shares for an estimated $116,418 and 0 sales.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $BX Hedge Fund Activity

    We have seen 1,094 institutional investors add shares of $BX stock to their portfolio, and 860 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 23,500,355 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,765,286,772
    • JPMORGAN CHASE & CO added 19,156,246 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,254,115,466
    • CLEARBRIDGE INVESTMENTS, LLC added 2,855,787 shares (+93.4%) to their portfolio in Q2 2026, for an estimated $336,040,456
    • MORGAN STANLEY added 2,347,894 shares (+7.2%) to their portfolio in Q2 2026, for an estimated $276,276,686
    • CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 2,140,746 shares (+10.0%) to their portfolio in Q2 2026, for an estimated $251,901,581
    • D. E. SHAW & CO., INC. added 1,689,284 shares (+5366.0%) to their portfolio in Q2 2026, for an estimated $198,778,048
    • NORGES BANK removed 1,557,044 shares (-18.8%) from their portfolio in Q2 2026, for an estimated $183,217,367

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $BX Price Targets

    Multiple analysts have issued price targets for $BX recently. We have seen 8 analysts offer price targets for $BX in the last 6 months, with a median target of $143.0.

    Here are some recent targets:

    • Devin Ryan from Citizens set a target price of $165.0 on 07/09/2026
    • Benjamin Budish from Barclays set a target price of $119.0 on 07/09/2026
    • Bill Katz from TD Cowen set a target price of $133.0 on 05/18/2026
    • Crispin Love from Piper Sandler set a target price of $130.0 on 04/27/2026
    • Christopher Kotowski from Oppenheimer set a target price of $156.0 on 04/24/2026
    • Kenneth Worthington from JP Morgan set a target price of $136.0 on 04/24/2026
    • Glenn Schorr from Evercore ISI Group set a target price of $150.0 on 04/21/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.