Deutsche Bank Aktiengesellschaft Raises Blackstone (NYSE:BX) Price Target to $182.00

Blackstone (NYSE:BX) had its target price boosted by investment analysts at Deutsche Bank Aktiengesellschaft from $172.00 to $182.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 0.67% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. TD Cowen lifted their price objective on Blackstone from $133.00 to $149.00 and gave the company a “hold” rating in a research report on Friday, October 18th. The Goldman Sachs Group increased their price objective on shares of Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Wells Fargo & Company upped their price target on shares of Blackstone from $169.00 to $188.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Bank of America lifted their target price on shares of Blackstone from $171.00 to $192.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Redburn Atlantic began coverage on shares of Blackstone in a research note on Tuesday, August 27th. They set a “neutral” rating and a $134.00 price objective on the stock. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $157.63.

Blackstone Trading Down 1.3 %

Shares of BX stock opened at $180.78 on Monday. The stock has a market cap of $130.52 billion, a P/E ratio of 62.94, a P/E/G ratio of 1.52 and a beta of 1.49. Blackstone has a fifty-two week low of $96.93 and a fifty-two week high of $183.96. The business has a fifty day simple moving average of $157.93 and a 200-day simple moving average of $138.60. The company has a quick ratio of 0.77, a current ratio of 0.71 and a debt-to-equity ratio of 0.58.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, October 17th. The asset manager reported $1.01 EPS for the quarter, beating 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 firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.37 billion. On average, analysts forecast that Blackstone will post 4.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Blackstone news, Director Joseph Baratta sold 116,448 shares of Blackstone stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $150.81, for a total transaction of $17,561,522.88. Following the transaction, the director now directly owns 799,749 shares in the company, valued at approximately $120,610,146.69. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Joseph Baratta sold 116,448 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $150.81, for a total transaction of $17,561,522.88. Following the completion of the sale, the director now directly owns 799,749 shares in the company, valued at approximately $120,610,146.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $175.94, for a total value of $7,433,289.06. Following the completion of the transaction, the insider now directly owns 387,137 shares in the company, valued at approximately $68,112,883.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Blackstone

Institutional investors and hedge funds have recently made changes to their positions in the stock. West Financial Advisors LLC acquired a new position in Blackstone in the 3rd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Blackstone in the 2nd quarter worth $26,000. EdgeRock Capital LLC acquired a new position in shares of Blackstone during the second quarter valued at about $27,000. Bank & Trust Co acquired a new stake in Blackstone during the second quarter worth about $29,000. Finally, Ridgewood Investments LLC acquired a new position in Blackstone in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

About Blackstone

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.