Ascent Wealth Partners Invests in Blackstone Amid Stock Decline

NEW YORK, New York — On October 21, 2025, Ascent Wealth Partners, LLC disclosed a significant investment in Blackstone (NYSE:BX), owning 51,697 shares valued at $8.83 million. This new position comprises 1.02% of Ascent’s $862.10 million in reportable U.S. equity assets across 181 holdings as of September 30, 2025.

Blackstone shares closed at $160.44 on October 20, 2025, reflecting a 6.05% decrease over the past year, which is 17.65 percentage points below the performance of the S&P 500.

Ascent’s decision to invest in Blackstone is noteworthy, considering the company’s stock performance. Analysts note that this stake represents a bold move for Ascent, given Blackstone’s decline in share value during 2025. Following the release of its third-quarter earnings report, the stock price fell again.

In the third quarter, Blackstone reported revenue of $3.1 billion, down from $3.7 billion in the previous year and missing Wall Street expectations. As a result, Q3 diluted earnings per share decreased to $0.80, a drop from $1.02 in 2024. Despite these challenges, Blackstone achieved a record assets under management (AUM) of $1.2 trillion, a 12% increase from the previous year, and fee-related earnings grew to $1.5 billion, marking a 26% year-over-year rise.

The mixed performance suggests that Ascent Wealth Partners may see a potential upside in purchasing Blackstone shares at a lower price. This aligns with the investment strategy of capitalizing on price dips such as this one.