Blackstone (NYSE:BX) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Blackstone (NYSE:BX) had its target price reduced by JPMorgan Chase & Co. from $136.00 to $135.00 in a research report released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the asset manager’s stock.

A number of other equities analysts also recently commented on the company. Barclays dropped their price objective on Blackstone from $128.00 to $124.00 and set an “equal weight” rating on the stock in a report on Thursday, October 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $128.00 target price on shares of Blackstone in a research note on Thursday. BMO Capital Markets reissued an “outperform” rating and issued a $130.00 target price on shares of Blackstone in a research report on Wednesday. Keefe, Bruyette & Woods upgraded shares of Blackstone to a “hold” rating in a research note on Monday, July 20th. Finally, Argus raised their price target on shares of Blackstone from $146.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $144.57.

Blackstone Stock Performance

Shares of NYSE BX opened at $118.01 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.71 and a quick ratio of 0.72. Blackstone has a one year low of $101.73 and a one year high of $165.14. The business’s 50-day moving average price is $124.91 and its two-hundred day moving average price is $124.19. The company has a market capitalization of $88.58 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.59.

Blackstone (NYSE:BX) last posted its quarterly earnings results on Thursday, October 22nd. The asset manager reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.27 billion. Blackstone had a return on equity of 23.16% and a net margin of 22.11%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business earned $0.80 EPS. Analysts anticipate that Blackstone will post 5.85 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Monday, November 2nd. This is a decrease from Blackstone’s previous quarterly dividend of $1.29. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. Blackstone’s dividend payout ratio (DPR) is currently 114.67%.

Insider Activity at Blackstone

In other Blackstone news, insider John Finley sold 45,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $147.11, for a total transaction of $6,619,950.00. Following the transaction, the insider owned 516,017 shares in the company, valued at $75,911,260.87. This trade represents a 8.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 3,767,776 shares of the business’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $2.94, for a total transaction of $11,077,261.44. Following the completion of the sale, the insider owned 16,120 shares of the company’s stock, valued at $47,392.80. The trade was a 99.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have acquired 464,792 shares of company stock valued at $12,205,945 and have sold 4,077,276 shares valued at $37,573,644. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Altus USA Inc. bought a new position in shares of Blackstone in the second quarter worth about $26,000. Addison Advisors LLC bought a new stake in Blackstone during the 2nd quarter valued at approximately $30,000. NBH Bank bought a new stake in Blackstone during the 2nd quarter valued at approximately $30,000. Bell Investment Advisors Inc acquired a new stake in Blackstone in the 2nd quarter valued at approximately $30,000. Finally, West Branch Capital LLC increased its position in Blackstone by 26,600.0% in the 2nd quarter. West Branch Capital LLC now owns 267 shares of the asset manager’s stock worth $31,000 after buying an additional 266 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone reported third-quarter distributable earnings of $1.32 per share, exceeding the $1.26 analyst consensus. Assets under management reached approximately $1.37 trillion, while net inflows exceeded $63 billion and fee-related earnings increased 6%. Blackstone Inc. surpasses Q3 earnings and revenue estimates
• Positive Sentiment: Management highlighted accelerating fee growth, strong fundraising and substantial opportunities in AI data centers and digital infrastructure. Blackstone’s infrastructure assets reportedly grew 40% year over year, reinforcing the longer-term growth narrative. BX Q3 earnings call highlights AI opportunities and fee growth
• Positive Sentiment: Blackstone’s financing of CoreWeave has positioned it to benefit from the rapidly expanding market for debt backed by AI chips and data-center infrastructure. Blackstone’s CoreWeave bet and AI lending boom
• Neutral Sentiment: JPMorgan lowered its BX price target modestly to $135 and maintained a Neutral rating, signaling potential upside but limited conviction after the earnings report. JPMorgan Blackstone rating and price target
• Negative Sentiment: Distributable earnings declined 13% year over year as choppy markets reduced investment exits; private-equity asset-sale proceeds fell sharply. Revenue also came in below some analyst estimates, highlighting pressure on realization-driven profits. Blackstone’s core businesses hit by rising rates
• Negative Sentiment: Blackstone declared a quarterly dividend of $1.12 per share, down from $1.29 previously. The 13.2% reduction may weigh on income-focused investors despite the approximately 3.8% indicated yield. Blackstone dividend analysis

About Blackstone

Blackstone Inc (NYSE:BX) is a global alternative asset management firm that provides investment and advisory services to institutional investors, companies, and qualified individual investors. The company manages capital across private equity, real estate, credit and insurance, infrastructure, hedge fund solutions, secondaries, and growth-oriented investments.

Blackstone invests in and manages portfolios of businesses, properties, infrastructure assets, and credit instruments across a range of industries.