Insider Buying: Blackstone (NYSE:BX) Major Shareholder Purchases 2,868,069 Shares of Stock

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A major shareholder in Blackstone Inc. (NYSE:BX), Holdings Iv Gp Mana Blackstone, recently acquired 2,868,069 shares of the company’s stock for approximately $75 million, increasing their total holdings to over 18.6 million shares. This comes as Blackstone reported strong quarterly earnings, surpassing analyst estimates for both EPS and revenue, and announced a raised quarterly dividend. Despite a recent dip in stock price, the company maintains a “Moderate Buy” consensus rating from analysts.

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