Blackstone (NYSE:BX) Stock Rating Upgraded by Zacks Research

Blackstone (NYSE:BX) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Evercore reissued an “outperform” rating and issued a $150.00 target price on shares of Blackstone in a research report on Tuesday, April 21st. Weiss Ratings downgraded shares of Blackstone from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Rothschild & Co Redburn dropped their target price on shares of Blackstone from $134.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday. BMO Capital Markets boosted their price objective on shares of Blackstone from $126.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Finally, The Goldman Sachs Group lowered their price objective on shares of Blackstone from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.86.

Blackstone Stock Performance

Shares of BX opened at $120.03 on Monday. The firm’s 50 day moving average is $119.55 and its 200-day moving average is $131.38. The stock has a market capitalization of $89.17 billion, a P/E ratio of 30.70, a P/E/G ratio of 1.24 and a beta of 1.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76. Blackstone has a 12-month low of $101.73 and a 12-month high of $190.09.

Blackstone (NYSE:BX) last released its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.02. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.45 billion. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share. Equities research analysts anticipate that Blackstone will post 5.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Treasury Holdings I. Blackstone acquired 9,486,795 shares of Blackstone stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $189,735,900.00. Following the completion of the purchase, the insider owned 9,111,800 shares of the company’s stock, valued at $182,236,000. This represents a -2,529.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ruth Porat acquired 355 shares of Blackstone stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $123.04 per share, with a total value of $43,679.20. Following the completion of the purchase, the director directly owned 41,818 shares of the company’s stock, valued at $5,145,286.72. The trade was a 0.86% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 12,355,303 shares of company stock valued at $264,789,896. 1.00% of the stock is owned by company insiders.

Institutional Trading of Blackstone

A number of institutional investors and hedge funds have recently modified their holdings of BX. Family CFO Inc acquired a new stake in shares of Blackstone in the fourth quarter worth $28,000. Ares Financial Consulting LLC acquired a new position in shares of Blackstone during the fourth quarter worth approximately $28,000. Richardson Financial Services Inc. acquired a new position in shares of Blackstone during the fourth quarter worth approximately $29,000. Redmont Wealth Advisors LLC acquired a new position in shares of Blackstone during the third quarter worth approximately $30,000. Finally, Strive Asset Management LLC acquired a new position in shares of Blackstone during the third quarter worth approximately $30,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Blackstone News Roundup

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is helping launch a $35 billion AI infrastructure financing platform with Broadcom and Apollo, with the initial capital aimed at expanding Anthropic’s compute capacity. Investors may view this as a high-profile growth opportunity tied to AI demand. Article Title
• Positive Sentiment: Reuters reported that Blackstone’s private wealth inflows improved in June, which suggests fundraising momentum may be stabilizing and could support future fee-related earnings. Article Title
• Positive Sentiment: Blackstone is also increasing investments in significant risk transfers, a growing market where banks seek balance-sheet relief and Blackstone can earn attractive returns and fees. Article Title
• Neutral Sentiment: Blackstone presented at the Morgan Stanley U.S. Financials Conference, but no major new operating catalyst was indicated in the transcript headline. Article Title
• Negative Sentiment: State regulators are reportedly recommending reversal of Blackstone’s $400 million TXNM Energy acquisition, citing legal violations. That raises execution and regulatory risk for the firm’s dealmaking business. Article Title
• Negative Sentiment: Rothschild & Co Redburn lowered its price target on Blackstone to $130 from $134 and kept a neutral rating, which may reinforce a more cautious view of near-term upside. Article Title

Blackstone Company Profile

Blackstone Inc (NYSE: BX) is a global investment firm focused on alternative asset management. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and headquartered in New York City, the firm organizes and manages investment vehicles that acquire and operate businesses, real estate and credit investments, as well as provide hedge fund solutions and other alternative strategies for institutional and individual investors.

Blackstone’s business is organized around several principal investment platforms.