BMO Capital Markets Has Lowered Expectations for Blackstone (NYSE:BX) Stock Price

Blackstone (NYSE:BX) had its price objective lowered by stock analysts at BMO Capital Markets from $180.00 to $165.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. BMO Capital Markets’ price target points to a potential upside of 23.31% from the stock’s previous close.

Several other equities analysts have also weighed in on BX. Jefferies Financial Group dropped their price objective on shares of Blackstone from $187.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Citizens Jmp restated a “market outperform” rating and set a $195.00 price objective on shares of Blackstone in a research report on Friday, January 30th. UBS Group set a $171.00 target price on Blackstone in a research report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Blackstone in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Blackstone from $176.00 to $158.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $175.33.

Blackstone Price Performance

Shares of NYSE BX opened at $133.81 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average price is $152.83 and its two-hundred day moving average price is $160.31. The company has a market cap of $98.81 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 1.10 and a beta of 1.76. Blackstone has a twelve month low of $115.66 and a twelve month high of $190.09.

Blackstone (NYSE:BX) last posted its earnings results on Thursday, January 29th. The asset manager reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.21. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the firm earned $1.69 EPS. The firm’s revenue was up 41.4% compared to the same quarter last year. On average, analysts predict that Blackstone will post 5.87 EPS for the current year.

Insider Buying and Selling

In related news, Director Ruth Porat acquired 324 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average price of $146.92 per share, with a total value of $47,602.08. Following the purchase, the director directly owned 39,077 shares in the company, valued at approximately $5,741,192.84. This trade represents a 0.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00. Following the sale, the insider directly owned 2,161 shares in the company, valued at approximately $21,610. The trade was a 99.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders purchased a total of 770,078 shares of company stock worth $20,058,800 in the last three months. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Blackstone

A number of institutional investors have recently made changes to their positions in BX. REAP Financial Group LLC bought a new stake in Blackstone in the third quarter valued at approximately $26,000. Traub Capital Management LLC bought a new stake in shares of Blackstone in the 2nd quarter valued at $27,000. Family CFO Inc acquired a new stake in shares of Blackstone during the fourth quarter worth $28,000. Ares Financial Consulting LLC bought a new stake in Blackstone during the fourth quarter valued at $28,000. Finally, Richardson Financial Services Inc. bought a new position in shares of Blackstone in the 4th quarter worth about $29,000. Institutional investors own 70.00% of the company’s stock.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone reported a strong Q4: revenue and EPS beat consensus, with revenue up ~41% year-over-year, reinforcing earnings momentum and fee-related growth. MSN: Q4 results
• Positive Sentiment: Management is returning more cash to shareholders — Blackstone said shareholders will receive a bigger dividend than last year, supporting the yield/distribution narrative that appeals to income-oriented investors. Yahoo: Bigger dividend
• Positive Sentiment: Real-estate win: Anthropic signed a full-building lease at two downtown San Francisco properties owned by a Blackstone joint venture — a meaningful large-tenant commitment that helps leasing momentum and cash flow visibility in the RE portfolio. BusinessWire: Anthropic lease
• Positive Sentiment: Market commentary highlights a stronger distribution narrative for S&P 500 names tied to Blackstone’s moves, which can support investor interest in BX as a distribution/total-return play. Kalkine: distribution narrative
• Neutral Sentiment: Strategic moves under review — Blackstone is reportedly weighing exits in energy and ICT assets while exploring a stake in Indian Premier League cricket; these moves could reshape the portfolio but timing and proceeds are uncertain. Yahoo: portfolio strategy
• Negative Sentiment: Several major banks trimmed price targets (Goldman Sachs, JPMorgan, BMO, Rothschild/Redburn) which reduces near-term analyst support and likely contributed to selling pressure; some firms still rate BX outperform/neutral but at lower targets. MarketScreener: BMO MarketScreener: Redburn AmericanBankingNews: Goldman
• Negative Sentiment: Momentum/sentiment: reports note BX has been down for multiple sessions (selling streak), which can amplify declines as funds and momentum traders accelerate exits. Seeking Alpha: selling streak

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.