Verdence Capital Advisors 13F: Adds $2.8M to BX Stake
Key Points
- Verdence Capital Advisors now holds 91,760 shares of Blackstone Inc., a 37.5% increase from its previous 66,713 shares.
- The fund's total reported value in Blackstone is about $10.29 million, which represents 1.7% of its overall portfolio.
- Blackstone's stock recently traded around $116.71, which is 2.0% below the event close of $119.06 on October 26, 2026.
Since the filing, $BX is down 2.0% to date (from the $119.06 close on Oct 26, 2026).
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On October 26, 2026, Verdence Capital Advisors boosted its stake in Blackstone Inc. (BX) by 25,047 shares, bringing its total holdings to 91,760 shares valued at approximately $10.29 million. This information comes from the fund's latest Form 13F filing with the SEC.
Verdence's increase in shares reflects a 37.5% rise from the previous 66,713 shares it held. The total reported value of its stake in Blackstone is about $10.29 million, accounting for 1.7% of Verdence's overall portfolio, which ranks it 23rd among its 758 reported positions.
BX
Blackstone Inc.
Verdence Capital Advisors vs. the S&P 500
Hypothetical returns from Verdence Capital Advisors's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in Blackstone Inc.
California State Teachers Retirement System reduced its holdings by 24,730 shares, resulting in a total of 1,076,793 shares valued at approximately $126.71 million. Generate Investment Management opened a new position with 135,000 shares worth about $15.13 million. Gw Henssler & Associates maintained its position with 79,859 shares valued at about $8.95 million.
Blackstone Inc. Stock Down 1.1%
As of October 26, 2026, Blackstone's stock closed at $119.06. Recently, it traded around $116.71, which is about 2.0% below the closing price on the filing date. The stock is also trading 29.3% below its 52-week high of $165.14.
Recent Earnings
Blackstone reported trailing twelve-month revenue of approximately $15.47 billion and an earnings per share (EPS) of $4.49. The next earnings report is scheduled for January 28, 2027.
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 pays an annual dividend rate of $5.23, which results in a yield of 4.39%.
Insider Buying and Selling at Blackstone Inc.
Ruth M. Porat, a Director, bought 438 shares on May 11, 2026, valued at about $53,974. Other insiders, including Vikrant Sawhney and John G. Finley, sold shares earlier this year.
Analysts Set New Price Targets
On October 19, 2026, Piper Sandler maintained a Neutral rating on Blackstone with a price target of $125.00. Oppenheimer also kept its Outperform rating, raising the target to $168.00 on October 23, 2026. The consensus recommendation is a 'buy' with a mean target price of $138.77 based on 22 analyst opinions.
About Blackstone Inc.
Blackstone Inc. is a major alternative asset management firm that specializes in various investment strategies, including private equity and real estate. Its recent position changes and stock performance reflect ongoing interest from institutional investors.
Bottom Line
Investors should keep an eye on Blackstone's upcoming earnings report on January 28, 2027, and watch for further institutional activity in the stock. Verdence's boost in shares indicates continued confidence in the company's potential amidst recent trading fluctuations.
Related Filing Alerts
Source: Verdence Capital Advisors's 13F filing on $BX (Oct 26, 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