Healthcare of Ontario Pension Plan Trust Fund Reduces $5M in Blackstone Inc. ($BX)
The pension fund reduced its Blackstone holdings by 5.8%, ending with 614,323 shares.
Key Points
- Healthcare of Ontario Pension Plan reduced its Blackstone Inc. stake by 37,669 shares, ending with 614,323 shares valued at $78.55 million as of the latest filing.
- Blackstone Inc. has a market cap of $156.29 billion and trades with a P/E ratio of 32.79 and a forward P/E of 16.97.
- Insider transactions included Ruth Porat buying shares and Vikrant Sawhney selling shares, while analysts maintained their ratings with price targets ranging from $130 to $190.
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The Healthcare of Ontario Pension Plan Trust Fund has trimmed its position in Blackstone Inc. (NYSE: BX), reducing its holdings by 37,669 shares. According to its latest Form 13F filing with the SEC, the pension plan now holds 614,323 shares of Blackstone, valued at approximately $78.55 million as of the reporting period.
What Changed in Healthcare of Ontario Pension Plan's Blackstone Position
The pension fund reduced its stake in Blackstone by about 5.8%, decreasing its holdings from 651,992 shares to 614,323 shares. This move reflects a decrease of 37,669 shares, with the total stake valued at around $78.55 million.
Other Institutional Activity in Blackstone
In other institutional activity, BlackRock, Inc. increased its holdings in Blackstone by 1,273,962 shares, ending with a total of 52,702,690 shares worth about $6.06 billion. Vanguard Capital Management LLC maintained its position with 48,309,794 shares valued at approximately $5.56 billion. Morgan Stanley reduced its stake by 367,727 shares, holding 32,494,438 shares valued at $3.74 billion. Meanwhile, State Street Corp added 485,692 shares to hold 32,027,701 shares worth $3.68 billion. Charles Schwab Investment Management Inc significantly increased its position by 17,007,658 shares, reaching a total of 21,359,609 shares valued at $2.46 billion.
Blackstone Inc. Stock Down 13.9%
Shares of Blackstone Inc. (NYSE: BX) recently traded at $127.87. The company has a market capitalization of $156.29 billion, with a P/E ratio of 32.79 and a forward P/E of 16.97. Blackstone's stock has experienced a 52-week low of $101.73 and a high of $190.09. The firm's 50-day moving average is $120.86, and its 200-day moving average is $139.78. Blackstone also has a beta of 1.585, indicating higher volatility compared to the market.
Recent Earnings
Blackstone reported revenue of $14.40 billion, with a revenue growth rate of 5.7%. The company's net margin stands at 21.21%, and its return on equity is 29.53%. Blackstone's earnings per share (EPS) is $3.90. The company is expected to announce its next earnings on July 23, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 target cuts vs 3 raises.
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EPS & revenue
EPS missed estimates by 1.9%. Revenue beat estimates by 17.2%.
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Profit surprise
EBITDA missed by 33 percent. Operating income missed by 29 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises, 4 target cuts.
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Earnings quality
Gross margin up 2.5 points. Operating margin down 10.5 points.
Earnings Call Summary
Blackstone reported outstanding results with $4.1 billion in revenue beating consensus by $600 million and distributable earnings of $1.36 per share versus $1.35 expected. Assets grew 12 percent year over year to $1.3 trillion, driven by $69 billion in quarterly inflows and strong investment performance across infrastructure and credit. The firm emphasized its AI infrastructure dominance with over $150 billion deployed and plans to take public a new data center company focused on newly constructed facilities. Despite geopolitical turbulence and criticism of private credit, management highlighted institutional and insurance demand remains strong, with credit platform growing 15 percent year over year to $536 billion.
Guidance Management provided no forward guidance. They noted market volatility from the Iran conflict will likely push out exit activity near term but expect robust activity in the second half if conflict resolves. The firm reiterated confidence in its capital-light model and ability to deploy $74 billion of dry powder in credit.
Negative report. Results or guidance disappointed and expectations are likely to move lower.
Dividend
Blackstone offers an annual dividend rate of $4.97, yielding 3.89%. The dividend payout ratio is 121.54%, indicating the company pays more in dividends than it earns, which is common in the asset management industry.
Insider Buying and Selling at Blackstone Inc.
Insider activity at Blackstone included Ruth Porat purchasing 440 shares on May 11, 2026, at an average price of $122.99. Vikrant Sawhney, the Chief Administrative Officer, sold 30,014 shares on May 1, 2026, at an average price of $125.79. Earlier, on April 1, 2026, Joseph Baratta and Vikrant Sawhney acquired 124,626 and 129,077 shares, respectively.
Analysts Set New Price Targets
On May 18, 2026, TD Cowen maintained its buy rating on Blackstone with a price target of $133. Piper Sandler maintained a hold rating with a target of $130 on April 27, 2026. JP Morgan also maintained a hold rating with a target of $136 on April 24, 2026. Analysts generally recommend buying the stock, with a consensus price target of $143.45 based on 20 opinions.
About Blackstone Inc.
Blackstone Inc. is a leading asset management firm based in New York, specializing in private equity, real estate, and hedge fund solutions. Founded in 1985, the company operates globally, investing in various stages of company growth and offering a range of financial services. Led by CEO Stephen Schwarzman, Blackstone employs over 5,200 people worldwide.
Bottom Line
The Healthcare of Ontario Pension Plan's decision to trim its stake in Blackstone is a notable move in the asset management sector. Investors often track such filings to gauge institutional sentiment, though it's important to remember that 13F filings are backward-looking and may not reflect current positions. Blackstone remains a significant player in the financial services industry with a strong market position.
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