KBC Group Slashes Blackstone Stake by 41% Ahead of Earnings Report

Key Facts

1KBC Group NV reduced its stake in Blackstone Inc. by 41% in Q1, maintaining a position valued at approximately $31.5 million.

In a move reflecting institutional portfolio rebalancing, KBC Group NV reduced its stake in Blackstone Inc. by 41% during the first quarter. According to reports, the group liquidated over 190,000 shares, leaving its remaining position valued at approximately $31.5 million. This partial exit occurred despite Blackstone reporting a 10% year-over-year revenue increase and consistently surpassing earnings per share expectations in recent cycles.

These adjustments come as Blackstone maintains a consensus 'Moderate Buy' rating, bolstered by resilient performance in the alternative asset sector. Per market data, peers like Apollo Global and KKR have seen steady capital inflows, with KKR reporting robust growth in assets under management in its latest quarterly filing. Analysts are closely monitoring whether such institutional selling pressure will impact the stock's liquidity in the near term.

Blackstone (BX) shares stood at $123.61 at close July 20, 2026, having traded between a day low of $122.89 and a high of $127.15. Investors are now focused on the upcoming earnings release to gauge revenue sustainability, while broader sentiment remains influenced by recent US inflation data, which saw the annual CPI rate cool to 3.5% as of July 14, 2026.