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David Payne Biography and Net Worth

CAO of Blackstone

David Payne is a Managing Director and the Chief Accounting Officer at Blackstone. Mr. Payne is responsible for the firm’s corporate accounting, public company financial reporting and accounting policy functions, and also provides oversight for Blackstone’s quarterly valuation processes. Additionally, Mr. Payne is the Head of Financial Planning & Analysis for the firm, where he is responsible for management reporting, earnings preparation, and firmwide strategic initiatives. Previously, Mr. Payne was the Head of Corporate Development and had oversight for strategic mergers and acquisitions, new business initiatives and special projects in support of Blackstone and its business units. Prior to these roles in Finance, Mr. Payne worked in the Private Equity group where he was involved in the evaluation and execution of private equity investments across a range of industries.

Before joining Blackstone in 2011, Mr. Payne worked in the Private Equity group at TPG Capital and in the Mergers and Acquisitions group at Morgan Stanley & Co.

Mr. Payne received a BBA in Finance and Accounting from the University of Michigan, where he graduated with high distinction, and an MBA from Harvard Business School.

What is David Payne's net worth?: The estimated net worth of David Payne is at least $8.16 million as of December 21st, 2023. Mr. Payne owns 47,781 shares of Blackstone stock worth more than $8,162,906 as of December 21st. This net worth evaluation does not reflect any other assets that Mr. Payne may own. Learn More about David Payne's net worth.
How do I contact David Payne?: The corporate mailing address for Mr. Payne and other Blackstone executives is 345 Park Avenue, New York NY, 10154. Blackstone can also be reached via phone at (212) 583-5000 and via email at [email protected]. Learn More on David Payne's contact information.
Has David Payne been buying or selling shares of Blackstone?: David Payne has not been actively trading shares of Blackstone during the past quarter. Most recently, David Payne sold 5,500 shares of the business's stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $128.21, for a transaction totalling $705,155.00. Following the completion of the sale, the chief accounting officer now directly owns 47,781 shares of the company's stock, valued at $6,126,002.01. Learn More on David Payne's trading history.
Who are Blackstone's active insiders?: Blackstone's insider roster includes Joseph Baratta (Director), James Breyer (Director), Reginald Brown (Director), John Finley (Insider), Jonathan Gray (Gen. Partner), Hamilton James (Vice Chairman), William Parrett (Director), David Payne (CAO), Ruth Porat (Director), and Stephen Schwarzman (M.B.A.). Learn More on Blackstone's active insiders.
Are insiders buying or selling shares of Blackstone?: In the last twelve months, Blackstone insiders bought shares 3 times. They purchased a total of 2,851 shares worth more than $357,136.68. In the last twelve months, insiders at the asset manager sold shares 8 times. They sold a total of 2,902,813 shares worth more than $82,450,447.14. The most recent insider tranaction occured on November, 7th when insider John G Finley sold 42,249 shares worth more than $7,433,289.06. Insiders at Blackstone own 1.0% of the company. Learn More about insider trades at Blackstone.
Information on this page was last updated on 11/7/2024.

David Payne Insider Trading History at Blackstone

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
12/21/2023	Sell	5,500	$128.21	$705,155.00	47,781
7/26/2023	Sell	10,000	$103.22	$1,032,200.00	53,281
9/10/2021	Sell	3,693	$129.00	$476,397.00

David Payne Buying and Selling Activity at Blackstone

Blackstone Company Overview

Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts,special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, infrastructure, enterprise tech and consumer, as well as consumer technologies. The firm considers investment in Asia and Latin America. It seeks to invest between $0.25 million and $900 million per transaction. It invests in companies with enterprise value between $500 million and $5000 million. It has a three year investment period. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe, North America and Central America.

Today's Range

Now: $170.84

$166.05

$173.27

50 Day Range

MA: $178.82

$155.49

$199.05

2 Week Range

Now: $170.84

$114.88

$200.96

Volume

10,846,731 shs

Average Volume

3,453,564 shs

Market Capitalization

$123.35 billion

P/E Ratio

58.71

Dividend Yield

2.00%

Beta

1.51