Blackstone (NYSE:BX) Price Target Cut to $134.00 by Analysts at Rothschild & Co Redburn

Blackstone (NYSE:BX) had its price objective lowered by investment analysts at Rothschild & Co Redburn from $138.00 to $134.00 in a research note issued on Friday,MarketScreener reports. The brokerage currently has a “neutral” rating on the asset manager’s stock. Rothschild & Co Redburn’s price objective indicates a potential upside of 9.26% from the company’s current price.

BX has been the topic of several other research reports. Evercore restated an “outperform” rating and set a $150.00 target price on shares of Blackstone in a report on Tuesday. Oppenheimer upped their target price on shares of Blackstone from $154.00 to $156.00 and gave the stock an “outperform” rating in a research report on Friday. Argus lowered their price target on shares of Blackstone from $195.00 to $163.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Citigroup reaffirmed a “market outperform” rating on shares of Blackstone in a report on Friday, January 30th. Finally, HSBC dropped their target price on Blackstone from $164.00 to $131.00 and set a “hold” rating for the company in a research report on Friday, April 10th. Eleven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

Blackstone Stock Down 5.5%

BX opened at $122.64 on Friday. Blackstone has a 1-year low of $101.73 and a 1-year high of $190.09. The business has a 50 day moving average of $116.77 and a 200-day moving average of $138.66. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $91.02 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 1.35 and a beta of 1.74.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, April 23rd. The asset manager reported $1.36 EPS for the quarter, topping the consensus estimate of $1.34 by $0.02. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the business earned $1.11 EPS. Blackstone’s revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Blackstone will post 6.12 earnings per share for the current year.

Insiders Place Their Bets

In other Blackstone news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of Blackstone stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the transaction, the insider directly owned 25,832 shares in the company, valued at approximately $90,670.32. The trade was a 99.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the stock in a transaction dated Friday, February 27th. The stock was 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. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Blackstone

Several hedge funds have recently bought and sold shares of BX. Brighton Jones LLC boosted its holdings in shares of Blackstone by 34.6% in the fourth quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager’s stock valued at $1,365,000 after buying an additional 2,035 shares during the period. Sivia Capital Partners LLC boosted its stake in Blackstone by 9.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,076 shares of the asset manager’s stock worth $310,000 after purchasing an additional 177 shares during the period. United Bank increased its holdings in Blackstone by 14.7% during the 2nd quarter. United Bank now owns 13,528 shares of the asset manager’s stock worth $2,024,000 after purchasing an additional 1,729 shares in the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Blackstone in the 2nd quarter valued at about $1,124,000. Finally, Sei Investments Co. boosted its position in shares of Blackstone by 1.9% during the second quarter. Sei Investments Co. now owns 452,619 shares of the asset manager’s stock worth $67,703,000 after buying an additional 8,655 shares during the period. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Q1 results beat expectations — EPS of $1.36 vs. $1.34 est. and revenue of $3.62B vs. $3.45B; fee?earning AUM rose and total AUM hit roughly $1.3T, giving investors concrete evidence of growth. Press Release / Slide Deck
• Positive Sentiment: Dividend announced: BX declared a quarterly dividend of $1.16/share (ex?dividend May 4, pay May 11), implying a ~3.8% yield — supports income investors and provides a near?term cash return floor.
• Positive Sentiment: Investment gains helped lift distributable earnings and first?quarter profit, reinforcing the beat and showing portfolio realization/mark gains can drive results. Reuters: Profit Boost
• Positive Sentiment: Oppenheimer raised its price target to $156 and kept an “outperform” rating — an incremental analyst vote of confidence that points to meaningful upside from current levels. Benzinga: PT Raise
• Positive Sentiment: Portfolio and energy?transition activity: Blackstone?backed Kindle Energy broke ground on a $1.2B CCGT facility and AirTrunk is exploring a bond — shows continued deal flow and realizations from private investments. BusinessWire: Kindle Energy
• Neutral Sentiment: Extensive coverage and call transcripts are circulating (earnings call Q1 transcript, analyst writeups, ETF rankings) — useful for digging into segment detail but already largely reflected in today’s move. Earnings Call Transcript
• Neutral Sentiment: Jersey Mike’s confidential IPO filing (a Blackstone portfolio company) signals potential near?term exit/liquidity events, which can be positive for future realizations but timing/value are uncertain.
• Negative Sentiment: Mixed analyst moves: Morgan Stanley “lowered” its price target (to $184) — the downward revision language can temper enthusiasm despite the target remaining above current price. Analyst PT Change
• Negative Sentiment: Some GAAP metrics and reported expenses drew attention (reports noted GAAP profit distortions/expense increases), which could cap multiple expansion if investors focus on one?time or volatile mark?to?market swings. Coverage: GAAP Notes

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.