U S Global Investors 13F: Exits Blackstone (BX) Stake
Key Points
- U.S. Global Investors sold its entire holding of 6,300 shares in Blackstone Inc. according to a Form 13F filed on October 22, 2026.
- Blackstone recently traded around $117.97 as of October 24, 2026, sitting below its 50-day moving average of $125.66.
- Wall Street maintains a consensus buy rating on Blackstone with a mean price target of $138.27.
Since the filing, $BX is down 0.7% to date (from the $118.75 close on Oct 22, 2026).
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U.S. Global Investors completely exited its position in Blackstone Inc. (BX), selling all 6,300 shares it previously held. The divestment was revealed in a Form 13F filing with the Securities and Exchange Commission on October 22, 2026. Blackstone closed at $118.75 on the day of the filing.
BX
Blackstone Inc.
What Changed in U.S. Global Investors's Blackstone Position
U.S. Global Investors closed its stake entirely during the period, moving from 6,300 shares down to zero. The complete liquidation removed the firm from the roster of shareholders tracking the asset manager.
Other Institutional Activity in Blackstone
Other large investment managers adjusted their positions in the asset management firm with mixed moves. Van Eck Associates grew its holdings by 1,608,868 shares, ending with 1,765,375 shares worth about $218.54 million. Vanguard Portfolio Management held 16,037,998 shares valued at roughly $1.99 billion. Waverly Advisors grew its holdings by 10,778 shares, ending with 138,051 shares worth about $16.24 million. Trexquant Investment grew its holdings by 197,823 shares, ending with 282,672 shares worth about $33.26 million. California State Teachers Retirement System reduced its holdings by 24,730 shares, ending with 1,076,793 shares worth about $126.71 million.
Blackstone Inc. Stock Up 7.7%
Blackstone recently traded around $117.97 as of October 24, 2026, down about 0.7% from its $118.75 close on the filing date. The stock trades below its 50-day moving average of $125.66 and below its 200-day moving average of $125.28. Shares sit 28.6% below their 52-week high of $165.14 and 16.0% above their 52-week low of $101.73.
Recent Earnings
Blackstone generated trailing twelve-month revenues of $15.48 billion with a net profit margin of 22.7% and a return on equity of 31.4%. The company reported trailing twelve-month earnings of $4.49 per share alongside a year-over-year revenue growth rate of 28.6%.
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 $5.23 per share. The company's dividend payout ratio stands at 111.2% alongside a dividend yield of 4.77%.
Insider Buying and Selling at Blackstone Inc.
Company insiders made several transactions in recent months. Director Ruth M. Porat bought 438 shares valued at $53,974 on May 11, 2026. Officer Vikrant Sawhney sold 30,000 shares for a total value of $4.07 million on August 4, 2026. Officer John G. Finley sold 45,000 shares for a total value of $6.62 million on August 11, 2026. Officer David Payne sold 9,500 shares at an average price of $145.23 for a total value of $1.38 million on August 11, 2026.
Analysts Set New Price Targets
Wall Street analysts have updated their views on the stock ahead of recent updates. On October 8, 2026, Barclays maintained its Equal-Weight rating with a price target of $124.00, down from $128.00. On October 12, 2026, TD Cowen maintained its Buy rating with a price target of $144.00, down from $154.00. On October 13, 2026, UBS maintained its Neutral rating with a price target of $116.00, down from $122.00. On October 19, 2026, Piper Sandler maintained its Neutral rating with a price target of $125.00, down from $130.00. Later, on October 23, 2026, UBS maintained its Neutral rating while lifting its price target to $118.00 from $116.00. Across the analyst community, the stock holds a consensus buy rating with a mean price target of $138.27 based on 22 analyst opinions.
About Blackstone
Headquartered in New York, Blackstone Inc. is a major alternative asset manager operating across private equity, real estate, credit, and hedge fund solutions. The firm manages capital for institutional and individual investors globally, generating revenue through management fees and performance-based earnings.
Bottom Line
Investors tracking Blackstone will look to upcoming institutional filings and earnings reports to gauge shifts in large-block ownership. The stock continues to trade below key moving averages as the market weighs asset flows and broader financial sector conditions.
Related Filing Alerts
Source: U S Global Investors's 13F filing on $BX (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts