Blackstone (NYSE:BX) Given New $122.00 Price Target at Piper Sandler

Blackstone (NYSE:BX) had its target price lowered by Piper Sandler from $158.00 to $122.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the asset manager’s stock.

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. lowered their price objective on Blackstone from $158.00 to $122.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. UBS Group lowered their target price on Blackstone from $171.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Rothschild & Co Redburn lowered their target price on Blackstone from $165.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. TD Cowen lowered their target price on Blackstone from $183.00 to $164.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Blackstone from $164.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Ten equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $160.38.

Blackstone Stock Up 0.3%

Shares of Blackstone stock opened at $112.58 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.61. Blackstone has a 1 year low of $101.73 and a 1 year high of $190.09. The stock has a 50-day moving average price of $119.40 and a 200 day moving average price of $142.41. The company has a market cap of $83.55 billion, a P/E ratio of 29.02, a P/E/G ratio of 0.90 and a beta of 1.74.

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

Blackstone Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were given a dividend of $1.49 per share. This is a boost from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date was Monday, February 9th. This represents a $5.96 annualized dividend and a dividend yield of 5.3%. Blackstone’s dividend payout ratio is 153.61%.

Insider Buying and Selling at Blackstone

In other Blackstone news, major shareholder Holdings Iv Gp Mana Blackstone acquired 2,868,069 shares of the business’s stock in a transaction on 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of Blackstone 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Blackstone

A number of institutional investors and hedge funds have recently made changes to their positions in BX. Vanguard Group Inc. grew its stake in shares of Blackstone by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 71,667,695 shares of the asset manager’s stock worth $11,046,859,000 after purchasing an additional 840,258 shares during the period. Morgan Stanley grew its stake in shares of Blackstone by 2.0% during the fourth quarter. Morgan Stanley now owns 32,862,165 shares of the asset manager’s stock worth $5,065,374,000 after purchasing an additional 636,613 shares during the period. State Street Corp grew its stake in Blackstone by 0.6% in the fourth quarter. State Street Corp now owns 31,542,009 shares of the asset manager’s stock valued at $4,861,885,000 after acquiring an additional 179,213 shares during the period. Norges Bank acquired a new position in Blackstone in the fourth quarter valued at about $1,275,747,000. Finally, Northern Trust Corp grew its stake in Blackstone by 4.7% in the third quarter. Northern Trust Corp now owns 7,324,989 shares of the asset manager’s stock valued at $1,251,474,000 after acquiring an additional 329,379 shares during the period. Institutional investors own 70.00% of the company’s stock.

Key Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone closed its flagship opportunistic credit vehicle, Blackstone Capital Opportunities Fund V (COF V), at a hard cap of over $10 billion — an oversubscribed raise that underscores strong investor demand for Blackstone’s private credit strategy and supports future fee revenue and AUM growth. Blackstone Closes Flagship Opportunistic Credit Fund
• Positive Sentiment: Blackstone is part of a consortium (with Tinicum) that agreed to acquire UK aerospace supplier Senior Plc for about £1.4B — a completed deal that reflects continued dealflow and demonstrates Blackstone’s ability to deploy capital into negotiated buyouts. Senior Plc takeover
• Neutral Sentiment: Analyses argue that recent valuation compression has masked Blackstone’s underlying earnings power and fee-generating capacity — a reminder that fundamentals (earnings, AUM growth) may be less impaired than the share price implies. Seeking Alpha analysis
• Neutral Sentiment: Post-Q4 coverage (buy/sell/hold pieces) is re-evaluating BX after solid Q4 results (beating EPS and revenue estimates); these pieces provide context but haven’t swung consensus decisively. Yahoo: Buy, Sell, or Hold Post Q4
• Negative Sentiment: Piper Sandler cut its price target to $122 and moved to a “neutral” rating, signaling more cautious near-term expectations and reducing upside expectations from current levels. Piper Sandler price target cut
• Negative Sentiment: Goldman Sachs trimmed its target to $118 and kept a “neutral” rating, another large broker lowering implied fair value and weighing on sentiment. Goldman Sachs price target cut
• Negative Sentiment: Market pieces note that shares “stumbled” on closing-related items and continued investor wariness; coupled with the multi-month drop, sentiment remains fragile and leaves BX vulnerable to further downgrades or volatility. Baystreet: Shares stumble

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.