Blackstone (NYSE:BX) Receives “Buy” Rating from TD Cowen

Blackstone (NYSE:BX)‘s stock had its “buy” rating reissued by equities research analysts at TD Cowen in a research report issued on Friday,Benzinga reports. They currently have a $183.00 target price on the asset manager’s stock. TD Cowen’s target price indicates a potential upside of 28.70% from the company’s current price.

Several other research firms have also recently weighed in on BX. Evercore ISI reduced their price target on Blackstone from $197.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Blackstone in a research note on Wednesday, January 21st. JMP Securities reissued a “market outperform” rating and set a $195.00 target price on shares of Blackstone in a research report on Friday, October 24th. HSBC reduced their price objective on shares of Blackstone from $178.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, BNP Paribas Exane decreased their target price on Blackstone from $167.00 to $156.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $177.33.

Blackstone Stock Down 0.5%

Blackstone stock traded down $0.75 during mid-day trading on Friday, reaching $142.19. The company’s stock had a trading volume of 1,997,411 shares, compared to its average volume of 3,946,228. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $105.00 billion, a price-to-earnings ratio of 40.58, a price-to-earnings-growth ratio of 1.03 and a beta of 1.75. Blackstone has a 12 month low of $115.66 and a 12 month high of $190.09. The business’s 50 day simple moving average is $153.03 and its 200 day simple moving average is $160.96.

Blackstone (NYSE:BX) last released its earnings results 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. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $3.69 billion. Blackstone had a return on equity of 22.30% and a net margin of 20.56%.The company’s revenue was up 41.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.69 EPS. As a group, research analysts anticipate that Blackstone will post 5.87 earnings per share for the current year.

Insiders Place Their Bets

In other Blackstone news, major shareholder Holdings Iv Gp Mana Blackstone purchased 385,208 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average cost of $25.96 per share, for a total transaction of $9,999,999.68. Following the completion of the acquisition, the insider owned 16,332,883 shares of the company’s stock, valued at $424,001,642.68. The trade was a 2.42% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Breyer bought 13,900 shares of the stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average price of $143.86 per share, for a total transaction of $1,999,654.00. Following the completion of the purchase, the director directly owned 68,906 shares in the company, valued at approximately $9,912,817.16. This trade represents a 25.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 783,978 shares of company stock valued at $22,058,454. Insiders own 1.00% of the company’s stock.

Institutional Trading of Blackstone

A number of institutional investors have recently modified their holdings of BX. Vanguard Group Inc. raised its position in Blackstone by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 71,667,695 shares of the asset manager’s stock valued at $11,046,859,000 after purchasing an additional 840,258 shares during the last quarter. State Street Corp raised its holdings in Blackstone by 1.3% in the third quarter. State Street Corp now owns 31,362,796 shares of the asset manager’s stock worth $5,358,334,000 after purchasing an additional 412,281 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Blackstone by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 16,542,863 shares of the asset manager’s stock valued at $2,462,706,000 after buying an additional 227,416 shares in the last quarter. Northern Trust Corp increased its stake in shares of Blackstone by 4.7% in the 3rd quarter. Northern Trust Corp now owns 7,324,989 shares of the asset manager’s stock worth $1,251,474,000 after acquiring an additional 329,379 shares in the last quarter. Finally, Norges Bank purchased a new stake in Blackstone in the second quarter worth about $1,071,348,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Q4 results beat expectations — EPS $1.75 vs. $1.54 est., revenue $4.36B vs. $3.69B; strong dealmaking and record AUM (~$1.27T) with ~$71.5B inflows, driving better-than-expected distributable earnings. Blackstone beats estimates on strong dealmaking
• Positive Sentiment: Dividend hike: BX declared a $1.49 quarterly dividend (15.5% increase vs. prior quarter), implying ~4.2% yield and a February payout—supportive for income investors and signals management confidence in cash generation.
• Positive Sentiment: Analyst support: Citizens Jmp reaffirmed a “market outperform” rating and $195 target (largest upside among recent notes), offering a bullish counterpoint to other banks. Benzinga note
• Positive Sentiment: Strategic tailwinds: Management highlighted AI investment and infrastructure/data?center activity as major growth drivers — underscores secular themes that could sustain fee and asset growth. AI development comment
• Neutral Sentiment: Investor access: Blackstone will present at the Bank of America Financial Services Conference on Feb 10 (CFO Michael Chae) — a venue for management to color in guidance and strategy; replay available on IR site. Conference announcement
• Neutral Sentiment: Earnings call and coverage: Multiple transcripts and analyst pieces are available that provide detail on distributable earnings drivers and segment performance — useful for modeling but not immediate catalysts. Earnings highlights
• Negative Sentiment: JPMorgan lowered its price target from $176 to $158 and kept a “neutral” rating — the cut trims upside and can pressure sentiment. MarketScreener JPMorgan note
• Negative Sentiment: Goldman Sachs trimmed its target to $158 from $166 and moved to “neutral” — another large bank reducing its upside estimate, which can weigh on the stock despite the quarter’s strength. MarketScreener Goldman note

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.