Blackstone (NYSE:BX – Get Free Report) had its price target reduced by research analysts at TD Cowen from $164.00 to $141.00 in a report released on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the asset manager’s stock. TD Cowen’s price objective points to a potential upside of 20.76% from the stock’s current price.
Several other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Blackstone from $158.00 to $122.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Royal Bank Of Canada started coverage on shares of Blackstone in a research note on Monday, February 23rd. They set an “outperform” rating and a $179.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Blackstone from $164.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of Blackstone in a research report on Wednesday, January 21st. Finally, Evercore cut their price objective on Blackstone from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $157.38.
Read Our Latest Stock Report on Blackstone
Blackstone Trading Down 0.8%
Blackstone (NYSE:BX – Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.21. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The firm’s quarterly revenue was up 41.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.69 EPS. On average, equities research analysts expect that Blackstone will post 5.87 EPS for the current fiscal year.
Insider Activity at Blackstone
In other Blackstone news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of $26.15 per share, with a total value of $75,000,004.35. Following the transaction, the insider directly owned 18,628,295 shares of the company’s stock, valued at $487,129,914.25. The trade was a 18.20% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is currently owned by corporate insiders.
Institutional Trading of Blackstone
Institutional investors have recently modified their holdings of the stock. REAP Financial Group LLC acquired a new stake in Blackstone in the 3rd quarter valued at about $26,000. Family CFO Inc purchased a new stake in Blackstone in the 4th quarter valued at $28,000. Ares Financial Consulting LLC purchased a new stake in shares of Blackstone in the fourth quarter valued at about $28,000. Richardson Financial Services Inc. purchased a new position in Blackstone during the fourth quarter worth about $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Blackstone in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 70.00% of the company’s stock.
More Blackstone News
Here are the key news stories impacting Blackstone this week:
- Positive Sentiment: Blackstone and Dubai Aerospace Enterprise (DAE) launched a joint aircraft‑leasing investment programme targeting roughly $1.6 billion of annual deployments — expands Blackstone Credit’s origination/deployment runway and provides a steady, fee‑earning asset stream. Dubai’s DAE and Blackstone launch $1.6 billion annual aircraft leasing programme
- Positive Sentiment: Blackstone’s opportunistic credit fund hit a $10 billion hard cap — strong fundraising signal that supports fee growth and validates investor appetite for BX’s private credit platform. Blackstone opportunistic credit fund hits hard cap of $10B
- Positive Sentiment: Bullish commentary and valuation writeups (Seeking Alpha pieces) argue BX is a discounted opportunity with durable fee franchises and a 3.7% yield — supporting investor interest from value‑oriented buyers. Blackstone: A Discounted Opportunity
- Neutral Sentiment: Blackstone sold a $723 million stake in Legence; strong demand for the sale indicates market appetite for BX’s portfolio monetizations but reduces that particular asset exposure. Legence draws strong demand as Blackstone sells $723M stake
- Neutral Sentiment: Coverage notes on private credit show new funds launching even as redemptions rise — mixed implications: continued product demand helps BX, but higher redemptions in the category are a watch item. New Private Credit Funds Are Being Launched Even as Redemptions Rise. Here’s Why.
- Negative Sentiment: Several firms trimmed price targets (Piper Sandler to $122, Goldman to $118, Barclays to $124) and maintained cautious/hold views — analyst downgrades are pressuring sentiment and cap potential near term. Piper Sandler Lowers Blackstone (NYSE:BX) Price Target to $122.00
- Negative Sentiment: Goldman Sachs and other brokers kept conservative ratings/hold stances, reflecting concerns about near‑term earnings visibility and the impact of market shifts on fee‑related revenue. Blackstone Group (BX) Receives a Hold from Goldman Sachs
About Blackstone
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.
Further Reading
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