M&T Bank Corp Cuts Holdings in Blackstone Inc. $BX

M&T Bank Corp significantly reduced its stake in Blackstone Inc. (NYSE:BX) by 76.5% in the fourth quarter, selling over 80,000 shares and retaining a holding valued at $3.81 million. Despite this, Blackstone reported strong Q1 results, exceeding estimates with record fee-earning AUM and increased its quarterly dividend to $1.16 per share. Analyst sentiment remains mixed, with an average “Moderate Buy” rating, but the company faces risks from recent private-credit loan defaults and high short-seller interest.

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