Blackstone Inc. (NYSE:BX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Blackstone Inc. (NYSE:BX) has been assigned a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are currently covering the stock, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $147.7619.

Several research firms have recently commented on BX. Evercore restated an “outperform” rating and issued a $150.00 target price on shares of Blackstone in a research note on Tuesday, April 21st. Weiss Ratings raised shares of Blackstone from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Keefe, Bruyette & Woods raised Blackstone to a “hold” rating in a report on Monday, July 20th. HSBC reissued a “hold” rating and set a $135.00 target price on shares of Blackstone in a research note on Monday, July 20th. Finally, TD Cowen increased their price objective on Blackstone from $133.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday.

Insiders Place Their Bets

In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total value of $28,264,950.00. Following the completion of the transaction, the insider directly owned 19,374 shares of the company’s stock, valued at $73,233.72. The trade was a 99.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Private Multi-Asset Blackstone purchased 765,111 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average cost of $26.14 per share, for a total transaction of $20,000,001.54. Following the completion of the purchase, the insider directly owned 7,882,145 shares in the company, valued at $206,039,270.30. The trade was a 10.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 10,252,345 shares of company stock worth $209,789,893. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Blackstone

A number of hedge funds and other institutional investors have recently made changes to their positions in BX. Family CFO Inc purchased a new position in Blackstone during the fourth quarter worth about $28,000. Ares Financial Consulting LLC acquired a new position in shares of Blackstone during the 4th quarter valued at about $28,000. Richardson Financial Services Inc. acquired a new stake in shares of Blackstone in the fourth quarter worth approximately $29,000. Strive Asset Management LLC purchased a new position in Blackstone during the third quarter worth approximately $30,000. Finally, Palladiem LLC acquired a new position in shares of Blackstone in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Blackstone Trading Up 4.2%

Shares of BX stock opened at $129.72 on Friday. Blackstone has a twelve month low of $101.73 and a twelve month high of $190.09. The company has a current ratio of 0.72, a quick ratio of 0.76 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $120.33 and its two-hundred day moving average is $124.84. The company has a market capitalization of $96.36 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 1.41 and a beta of 1.58.

Blackstone (NYSE:BX) last issued its quarterly earnings results on Thursday, July 23rd. The asset manager reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.18. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $3.42 billion. Blackstone had a return on equity of 23.77% and a net margin of 21.84%.The company’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. Equities analysts forecast that Blackstone will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be issued a dividend of $1.29 per share. This is a boost from Blackstone’s previous quarterly dividend of $1.16. This represents a $5.16 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, August 3rd. Blackstone’s payout ratio is presently 103.80%.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone beat Q2 earnings and revenue estimates, with EPS of $1.52 versus expectations around $1.33-$1.34 and revenue of $5.04 billion versus $3.42 billion expected, signaling better-than-expected operating performance. Blackstone Inc. (BX) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Assets under management hit a record $1.35 trillion, helped by nearly $70 billion in quarterly inflows, which suggests Blackstone continues to attract capital even in a tougher fundraising environment. Blackstone’s quarterly profit gets boost from asset pile, AI investment gains
• Positive Sentiment: Management highlighted that AI-related investments are starting to pay off, with gains across data centers, infrastructure, credit, and private markets boosting profit and growth prospects. BX Q2 Earnings Call Highlights AI Strategy & Fundraising Strength
• Positive Sentiment: Royal Bank of Canada raised its price target on Blackstone to $169 from $161 and kept an outperform rating, underscoring improved analyst confidence in the stock. Analyst price target update
• Neutral Sentiment: Blackstone is also in the final bidding for yacht retailer MarineMax, a potential acquisition that could expand its deal flow, though the impact on earnings is still uncertain. Blackstone, Donerail among final bidders for yacht retailer MarineMax, sources say
• Neutral Sentiment: The company also announced a higher quarterly dividend, which is supportive for income-focused investors, but this is a smaller near-term driver than the earnings beat and AI-related growth narrative. Dividend announcement

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.