Blackstone (NYSE:BX – Free Report) had its price objective decreased by BMO Capital Markets from $180.00 to $165.00 in a report issued on Monday,MarketScreener reports. BMO Capital Markets currently has an outperform rating on the asset manager’s stock.
Several other brokerages have also recently commented on BX. BNP Paribas Exane lowered their price target on Blackstone from $167.00 to $156.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. TD Cowen reissued a “buy” rating and set a $183.00 price objective on shares of Blackstone in a report on Friday. Rothschild & Co Redburn reduced their price objective on shares of Blackstone from $168.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. Morgan Stanley raised their target price on shares of Blackstone from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Finally, Bank of America decreased their price target on shares of Blackstone from $199.00 to $189.00 in a report on Wednesday, December 10th. Ten analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $175.33.
Blackstone Stock Down 0.7%
Blackstone (NYSE:BX – Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 earnings per share (EPS) 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 business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the company earned $1.69 earnings per share. Blackstone’s quarterly revenue was up 41.4% compared to the same quarter last year. On average, equities analysts anticipate that Blackstone will post 5.87 earnings per share for the current fiscal year.
Blackstone Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 9th will be given a dividend of $1.49 per share. This represents a $5.96 dividend on an annualized basis and a yield of 4.2%. This is a boost from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date of this dividend is Monday, February 9th. Blackstone’s dividend payout ratio (DPR) is 132.99%.
Insider Buying and Selling at Blackstone
In other news, Director Ruth Porat acquired 324 shares of Blackstone stock in a transaction on Monday, November 10th. The stock was bought at an average price of $146.92 per share, for a total transaction of $47,602.08. Following the transaction, the director owned 39,077 shares of the company’s stock, valued at $5,741,192.84. The trade was a 0.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Holdings Iv Gp Mana Blackstone acquired 385,208 shares of the stock in a transaction dated Friday, November 21st. The shares were purchased at an average price of $25.96 per share, for a total transaction of $9,999,999.68. Following the completion of the transaction, the insider owned 16,332,883 shares of the company’s stock, valued at $424,001,642.68. This trade represents a 2.42% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 770,078 shares of company stock valued at $20,058,800 in the last quarter. Corporate insiders own 1.00% of the company’s stock.
Institutional Trading of Blackstone
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. REAP Financial Group LLC bought a new stake in shares of Blackstone in the 3rd quarter valued at approximately $26,000. Redmont Wealth Advisors LLC acquired a new stake in Blackstone in the 3rd quarter valued at $30,000. Strive Asset Management LLC bought a new stake in Blackstone in the third quarter valued at $30,000. Traub Capital Management LLC bought a new position in shares of Blackstone during the second quarter valued at $27,000. Finally, Family CFO Inc acquired a new stake in shares of Blackstone in the 4th quarter valued at $28,000. Institutional investors own 70.00% of the company’s stock.
Trending Headlines about Blackstone
Here are the key news stories impacting Blackstone this week:
- Positive Sentiment: DivcoWest and Blackstone Real Estate secured a marquee full-building lease with AI firm Anthropic in San Francisco, taking 308,000+ sq ft across two properties — a material leasing win for Blackstone’s real-estate JV that supports cash flows and NAV. DivcoWest and Blackstone Real Estate Secure Full Building Lease with AI Leader Anthropic at 300 Howard Street
- Positive Sentiment: Some sell-side firms reiterated constructive ratings (TD Cowen: Buy; Citizens Jmp: Market Outperform), which should provide support relative to the recent weakness. Blackstone’s (BX) “Buy” Rating Reiterated at TD Cowen Blackstone’s (BX) Market Outperform Rating Reiterated at Citizens Jmp
- Neutral Sentiment: Market commentary points to broader distribution/market-structure themes that could influence S&P 500 leadership shifts; this is a macro factor that may affect BX indirectly. Blackstone (NYSE:BX) Lift Energizes Distribution Narrative For S&P 500 Stocks
- Neutral Sentiment: Reports say Blackstone is considering asset exits in energy and ICT while exploring opportunistic stakes (e.g., IPL cricket), indicating active portfolio pruning and redeployment — potentially positive long-term but uncertain near-term. Blackstone Weighs Energy And ICT Exits While Eyeing IPL Cricket Stake
- Negative Sentiment: Multiple analysts cut price targets over the past 24 hours (BMO lowered PT to $165; Rothschild/Redburn to $158; Goldman Sachs and JPMorgan trimmed PTs to $158), signaling reduced near-term upside expectations and pressuring the stock. MarketScreener: BMO lowers BX PT to $165 MarketScreener: Redburn lowers BX PT to $158 The Goldman Sachs Group Cuts Blackstone (NYSE:BX) Price Target to $158.00 JPMorgan Chase & Co. Cuts Blackstone (NYSE:BX) Price Target to $158.00
- Negative Sentiment: Technical and sentiment pressure: coverage notes BX has dropped for multiple consecutive sessions, amplifying momentum-driven selling. Blackstone drops for the eighth straight session
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.
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