Blackstone (NYSE:BX – Get Free Report) had its target price decreased by equities researchers at Jefferies Financial Group from $161.00 to $143.00 in a report issued on Wednesday,MarketScreener reports. The firm presently has a “buy” rating on the asset manager’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 27.02% from the stock’s current price.
A number of other brokerages also recently issued reports on BX. Bank of America reduced their price objective on shares of Blackstone from $199.00 to $189.00 in a research report on Wednesday, December 10th. Piper Sandler reduced their price objective on Blackstone from $158.00 to $122.00 and set a “neutral” rating for the company in a report on Tuesday. The Goldman Sachs Group decreased their price objective on shares of Blackstone from $158.00 to $118.00 and set a “neutral” rating for the company in a report on Monday. Royal Bank Of Canada initiated coverage on shares of Blackstone in a research report on Monday, February 23rd. They issued an “outperform” rating and a $179.00 price target on the stock. Finally, TD Cowen cut their price target on Blackstone from $183.00 to $164.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $159.43.
Read Our Latest Stock Analysis on BX
Blackstone Trading Up 0.3%
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 for the quarter, beating 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 firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the firm posted $1.69 earnings per share. The business’s quarterly revenue was up 41.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Blackstone will post 5.87 earnings per share for the current year.
Insider Transactions at Blackstone
In related news, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was purchased at an average price of $26.15 per share, for a total transaction of $75,000,004.35. Following the acquisition, the insider owned 18,628,295 shares in the company, valued at $487,129,914.25. This trade represents a 18.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.
Institutional Trading of Blackstone
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. REAP Financial Group LLC bought a new stake in Blackstone during the third quarter valued at about $26,000. Family CFO Inc acquired a new position in Blackstone in the 4th quarter worth approximately $28,000. Ares Financial Consulting LLC acquired a new stake in Blackstone during the 4th quarter valued at approximately $28,000. Richardson Financial Services Inc. acquired a new stake in shares of Blackstone in the fourth quarter worth $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Blackstone during the third quarter valued at $30,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.
Blackstone News Summary
Here are the key news stories impacting Blackstone this week:
- Positive Sentiment: Blackstone closed its flagship opportunistic private credit fund (COF V) at over $10 billion, hitting the hard cap and showing strong investor demand for BX’s credit franchise; this supports future fee revenue and validates strategy execution. Business Wire: Blackstone Closes Fund
- Positive Sentiment: Blackstone is part of a consortium with Tinicum that agreed a takeover for UK aerospace supplier Senior Plc (~£1.4B), illustrating BX’s continued deal-making and ability to deploy capital in buyouts. Reuters: Senior Plc Takeover
- Neutral Sentiment: Analyst and investor commentary argues BX is a discounted opportunity and that valuation compression may mask intact earnings power — useful for long-term investors but not new corporate developments. Seeking Alpha: Discounted Opportunity
- Neutral Sentiment: Additional analysis highlights BX’s asset-management scale and dividend yield (≈3.7%), framing the current pullback as a potential buying window for income-oriented investors. Seeking Alpha: Asset Management Thesis
- Negative Sentiment: Goldman Sachs cut its price target on BX from $158 to $118 and maintained a neutral rating, signaling reduced near-term upside expectations from a major institutional analyst. AmericanBankingNews: Goldman Lowers PT
- Negative Sentiment: Piper Sandler lowered its price target to $122 and moved to a neutral rating, joining other firms that have trimmed expectations amid BX’s recent share-price decline. Benzinga: Piper Sandler Lowers PT
- Negative Sentiment: Market reaction reflects a significant six-month selloff (~32% reported) and headlines about “stumbling” shares tied to fund-closing dynamics — investor concern centers on near-term valuation and growth visibility despite the firm’s fundraising wins. Yahoo Finance: Buy, Sell, or Hold
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.
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