Blackstone (BX) – Research Analysts’ Recent Ratings Changes

A number of firms have modified their ratings and price targets on shares of Blackstone (NYSE: BX) recently:

• 1/14/2025 – Blackstone had its price target lowered by analysts at Wells Fargo & Company from $195.00 to $180.00. They now have an “equal weight” rating on the stock.
• 1/13/2025 – Blackstone had its price target lowered by analysts at Keefe, Bruyette & Woods from $175.00 to $174.00. They now have a “market perform” rating on the stock.
• 1/13/2025 – Blackstone had its price target lowered by analysts at Barclays PLC from $199.00 to $192.00. They now have an “equal weight” rating on the stock.
• 1/9/2025 – Blackstone was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/1/2025 – Blackstone was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/24/2024 – Blackstone was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/23/2024 – Blackstone had its price target raised by analysts at Piper Sandler from $168.00 to $179.00. They now have a “neutral” rating on the stock.
• 12/20/2024 – Blackstone had its price target raised by analysts at Keefe, Bruyette & Woods from $169.00 to $175.00. They now have a “market perform” rating on the stock.
• 12/19/2024 – Blackstone had its price target raised by analysts at BMO Capital Markets from $134.00 to $157.00. They now have a “market perform” rating on the stock.
• 12/12/2024 – Blackstone was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $195.00 price target on the stock, up previously from $188.00.
• 12/9/2024 – Blackstone had its price target raised by analysts at Barclays PLC from $174.00 to $199.00. They now have an “equal weight” rating on the stock.
• 12/9/2024 – Blackstone was upgraded by analysts at TD Cowen from a “hold” rating to a “buy” rating. They now have a $230.00 price target on the stock, up previously from $149.00.

Blackstone Price Performance

Shares of NYSE:BX opened at $169.27 on Wednesday. Blackstone Inc. has a 12 month low of $114.88 and a 12 month high of $200.96. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. The stock has a market cap of $122.21 billion, a P/E ratio of 58.17, a P/E/G ratio of 1.63 and a beta of 1.53. The company has a 50 day moving average of $180.70 and a 200 day moving average of $157.59.

Blackstone (NYSE:BX) last issued its quarterly earnings data on Thursday, October 17th. The asset manager reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. Blackstone had a return on equity of 17.53% and a net margin of 19.46%. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.37 billion. As a group, sell-side analysts forecast that Blackstone Inc. will post 4.43 EPS for the current fiscal year.

Blackstone Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Monday, October 28th were given a dividend of $0.86 per share. The ex-dividend date was Monday, October 28th. This is a positive change from Blackstone’s previous quarterly dividend of $0.82. This represents a $3.44 annualized dividend and a yield of 2.03%. Blackstone’s payout ratio is presently 118.21%.

Insiders Place Their Bets

In other Blackstone news, insider John G. Finley sold 42,249 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the sale, the insider now owns 387,137 shares in the company, valued at $68,112,883.78. This trade represents a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Blackstone

A number of large investors have recently modified their holdings of BX. Wulff Hansen & CO. boosted its stake in shares of Blackstone by 12,192.7% in the 2nd quarter. Wulff Hansen & CO. now owns 7,340,845 shares of the asset manager’s stock valued at $908,797,000 after purchasing an additional 7,281,128 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Blackstone by 15,357.3% during the third quarter. International Assets Investment Management LLC now owns 4,201,150 shares of the asset manager’s stock valued at $6,433,220,000 after buying an additional 4,173,971 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Blackstone by 213.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,375,969 shares of the asset manager’s stock valued at $170,345,000 after acquiring an additional 937,084 shares during the last quarter. Mackenzie Financial Corp grew its position in Blackstone by 468.4% during the 2nd quarter. Mackenzie Financial Corp now owns 1,107,547 shares of the asset manager’s stock worth $137,114,000 after acquiring an additional 912,685 shares during the last quarter. Finally, Castleark Management LLC bought a new stake in Blackstone in the third quarter valued at approximately $67,472,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.