Blackstone director Ruth Porat buys $62,444 in common stock

Ruth Porat, a member of Blackstone Inc.'s board of directors, recently purchased $62,444 worth of the company's common stock. The acquisitions occurred on August 10, 2026, with the share prices fluctuating between $137.1001 and $137.3156 per share. As of the latest trading data, Blackstone's stock is valued at $146.43. According to InvestingPro analysis, the company's current valuation appears to be lower than its intrinsic worth.

Blackstone has a history of consistent dividend payouts for 20 years, with a current yield of 3.52% and a significant dividend increase of nearly 39% over the recent period. InvestingPro provides 13 further exclusive recommendations for investors interested in BX shares. The stock purchases were made through a dividend reinvestment plan using brokerage accounts.

Out of the purchased shares, 84.047 were bought indirectly and are held by a family limited partnership, with Ms. Porat serving as a general partner. Following the transactions, Ms. Porat holds directly 84,132.9007 shares of Blackstone common stock, while indirectly owns 9,030.569 shares through the family limited partnership. In other recent news, TXNM Energy reported second-quarter adjusted earnings per share of $0.58, which exceeded analysts' expectations of $0.55.

This improvement is attributed to increased demand for the company's products and services. Furthermore, MarineMax is reportedly being acquired by a Blackstone-owned company, Safe Harbor Marinas, for a total of $1.5 billion, including debt. This acquisition has been deemed a significant development for MarineMax. Additionally, Bank of America has downgraded Broadcom's issuer and bond ratings from Overweight to Marketweight, citing concerns about the XPV platform established with Blackstone and Apollo.

Lastly, Blackstone is on the verge of acquiring a minority stake in Aeroplan, Air Canada's travel loyalty program, for roughly $2 billion. The transaction is expected to attract Canadian investors alongside Blackstone. These recent events demonstrate the dynamic nature of the companies involved and their strategic moves. This article was generated using artificial intelligence support and reviewed by a human editor. For more details, please refer to our Terms and Conditions.