Blackstone (NYSE:BX) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Blackstone (NYSE:BX) posted its quarterly earnings results on Thursday. The asset manager reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.18, FiscalAI reports. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The company’s quarterly revenue was up 35.9% compared to the same quarter last year.

Here are the key takeaways from Blackstone’s conference call:

• Blackstone reported distributed earnings of $2.0 billion in Q2, up 26% year over year, with fee-related earnings up 22% and total inflows near $70 billion. AUM hit a record $1.35 trillion, underscoring broad fundraising momentum.
• The firm said AI infrastructure is now a major growth driver, especially in data centers, power, and frontier AI companies. Management highlighted new initiatives including the BXDC data center REIT, a Google TPU cloud venture, and large-scale AI-related capital solutions.
• Blackstone described strong performance across private wealth and insurance, with wealth AUM up 16% to $324 billion and insurance AUM up 15% to $290 billion. It also pointed to new partnerships such as Nippon Life and the launch of new products with Wellington and Vanguard.
• Management reiterated that base management fees should grow at a double-digit rate in 2027, supported by deployment in drawdown funds, the scaling of perpetual vehicles, and strong credit dry powder. They also said transaction fees and fee-related performance revenues are becoming a more important part of earnings.
• Realizations improved, with net realizations up 27% year over year and the firm’s accrued performance revenue reaching a four-year high of $7.5 billion. Blackstone expects realizations to be stronger in 4Q and into 2027, helped by a stronger IPO market and improving exit conditions.

Blackstone Stock Down 0.4%

BX traded down $0.52 during midday trading on Thursday, hitting $122.30. The company had a trading volume of 3,090,756 shares, compared to its average volume of 6,706,244. The company has a market capitalization of $90.86 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 1.35 and a beta of 1.58. The stock’s 50 day moving average price is $120.06 and its 200 day moving average price is $125.05. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. Blackstone has a 52 week low of $101.73 and a 52 week high of $190.09.

Insider Buying and Selling at Blackstone

In other news, major shareholder Private Multi-Asset Blackstone purchased 765,111 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of $26.14 per share, with a total value of $20,000,001.54. Following the purchase, the insider owned 7,882,145 shares in the company, valued at $206,039,270.30. This represents a 10.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Treasury Holdings I. Blackstone bought 9,486,795 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $20.00 per share, for a total transaction of $189,735,900.00. Following the completion of the acquisition, the insider owned 9,111,800 shares in the company, valued at $182,236,000. This represents a -2,529.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 10,252,345 shares of company stock worth $209,789,893 in the last quarter. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Blackstone

Hedge funds have recently modified their holdings of the company. Strive Asset Management LLC bought a new stake in Blackstone during the third quarter worth $30,000. Kelleher Financial Advisors purchased a new stake in shares of Blackstone during the 3rd quarter valued at $34,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Blackstone in the 4th quarter worth about $33,000. Caitong International Asset Management Co. Ltd bought a new position in Blackstone during the fourth quarter valued at about $36,000. Finally, JPL Wealth Management LLC bought a new stake in Blackstone in the third quarter worth about $49,000. Institutional investors own 70.00% of the company’s stock.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone beat Q2 estimates with adjusted earnings of $1.52 per share and revenue of $5.04 billion, reflecting better-than-expected operating performance. Blackstone Inc. (BX) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Assets under management hit a record $1.35 trillion, supported by strong inflows that helped offset higher expenses and softer conditions in parts of the private markets business. BX’s Q2 Earnings Beat as AUM Hits Record High Amid Tough Environment
• Positive Sentiment: Blackstone also benefited from profit tied to its AI investments, adding another growth driver for investor optimism. Blackstone’s quarterly profit gets boost from asset pile, AI investment gains
• Neutral Sentiment: The company is expanding product offerings with Wellington and Vanguard to give individual investors simplified access to public and private market strategies, which could broaden distribution over time. Wellington, Vanguard, and Blackstone Announce the Launch of Two Investment Solutions
• Neutral Sentiment: Blackstone continues to pursue growth in AI and infrastructure, including new investments in India and data-center lending, but these initiatives are longer-term catalysts rather than immediate earnings drivers. Blackstone Finalizes A$4.3 Billion AI Data Center Loan Amid Record Debt Boom
• Negative Sentiment: Despite the earnings beat, recent commentary noted pressure in private credit and a broader pullback in some private-market funds, which may temper enthusiasm for the stock’s near-term upside. Blackstone’s Profit Surges on AI Investments

Analysts Set New Price Targets

A number of analysts have recently weighed in on BX shares. BNP Paribas Exane cut their price target on shares of Blackstone from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Jefferies Financial Group raised their target price on shares of Blackstone from $143.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Dbs Bank raised Blackstone to a “moderate buy” rating in a report on Wednesday, May 27th. HSBC reiterated a “hold” rating and issued a $135.00 price objective on shares of Blackstone in a report on Monday. Finally, Weiss Ratings downgraded shares of Blackstone from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Blackstone presently has a consensus rating of “Moderate Buy” and an average target price of $145.71.

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.