Blackstone Inc. (NYSE:BX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Blackstone Inc. (NYSE:BX) has earned an average rating of “Moderate Buy” from the twenty-four brokerages that are covering the firm, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $145.5238.

BX has been the topic of several recent analyst reports. Oppenheimer cut their price target on shares of Blackstone from $156.00 to $139.00 and set an “outperform” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft started coverage on shares of Blackstone in a research note on Monday, June 8th. They issued a “buy” rating on the stock. Sanford C. Bernstein assumed coverage on Blackstone in a research note on Monday, June 8th. They issued an “outperform” rating for the company. Piper Sandler upped their price objective on Blackstone from $122.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada decreased their target price on Blackstone from $173.00 to $161.00 and set an “outperform” rating for the company in a research report on Monday, July 13th.

Insider Buying and Selling

In other Blackstone news, insider Vikrant Sawhney sold 30,014 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $125.79, for a total value of $3,775,461.06. Following the transaction, the insider owned 899,669 shares of the company’s stock, valued at $113,169,363.51. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Private Multi-Asset Blackstone bought 765,111 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $26.14 per share, with a total value of $20,000,001.54. Following the completion of the acquisition, the insider directly owned 7,882,145 shares of the company’s stock, valued at approximately $206,039,270.30. The trade was a 10.75% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 10,252,345 shares of company stock worth $209,789,893. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BX. Strive Asset Management LLC bought a new stake in Blackstone in the third quarter valued at $30,000. Family CFO Inc acquired a new stake in shares of Blackstone in the 4th quarter worth about $28,000. Ares Financial Consulting LLC bought a new stake in Blackstone in the 4th quarter valued at about $28,000. Richardson Financial Services Inc. acquired a new position in Blackstone during the 4th quarter valued at about $29,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Blackstone in the third quarter valued at approximately $34,000. 70.00% of the stock is currently owned by institutional investors.

Blackstone Trading Down 1.6%

Shares of BX opened at $126.96 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.76 and a current ratio of 0.76. Blackstone has a one year low of $101.73 and a one year high of $190.09. The stock has a 50-day moving average price of $119.92 and a 200 day moving average price of $125.90. The company has a market capitalization of $94.32 billion, a P/E ratio of 32.47, a P/E/G ratio of 1.37 and a beta of 1.58.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.45 billion. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.Blackstone’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 EPS. Sell-side analysts forecast that Blackstone will post 5.89 EPS for the current fiscal year.

Blackstone Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, May 4th. Blackstone’s dividend payout ratio is 118.67%.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone is expanding its alternatives platform in Asia-Pacific by launching a new India infrastructure platform and hiring Ami Momaya from KKR to lead the effort, a move that could support long-term growth in the region. Blackstone creates new APAC infrastructure platform, hires Momaya from KKR
• Positive Sentiment: Blackstone is also tied to the launch of Ode, an AI services company developed with Anthropic and other investors, which reinforces the firm’s exposure to AI and infrastructure investing themes. Is Blackstone (BX) Quietly Rewriting Its AI and Infrastructure Playbook With Ode and India?
• Positive Sentiment: Several commentary pieces say Blackstone remains positioned to beat upcoming earnings estimates, with Wall Street expecting earnings growth and the company cited for strong earnings and price momentum. Why Blackstone Inc. (BX) is Poised to Beat Earnings Estimates Again
• Neutral Sentiment: JPMorgan lowered its price target on Blackstone to $132 from $136 but kept a neutral rating, signaling a more cautious near-term outlook rather than a bearish call. Blackstone price target lowered by JPMorgan
• Neutral Sentiment: Oppenheimer also cut its price target to $139 from $156, though it maintained an outperform rating, suggesting analysts still see upside from current levels despite trimming expectations. Blackstone price target lowered by Oppenheimer
• Negative Sentiment: The recent target cuts from major brokers may be weighing on sentiment today, even though both firms still see upside and have not turned outright bearish on Blackstone.

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.