Blackstone (NYSE:BX) Price Target Lowered to $132.00 at JPMorgan Chase & Co.

Blackstone (NYSE:BX) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $136.00 to $132.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 2.81% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group lifted their price target on shares of Blackstone from $143.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. TD Cowen decreased their price objective on shares of Blackstone from $140.00 to $133.00 and set a “buy” rating for the company in a research report on Monday, May 18th. The Goldman Sachs Group dropped their target price on Blackstone from $116.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Weiss Ratings cut Blackstone from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, Barclays cut their target price on Blackstone from $124.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.33.

Blackstone Stock Up 1.1%

NYSE BX traded up $1.34 during trading hours on Thursday, hitting $128.39. 2,026,652 shares of the company were exchanged, compared to its average volume of 6,784,775. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.66. The firm has a market cap of $95.38 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 1.34 and a beta of 1.58. The company has a 50 day moving average of $119.73 and a two-hundred day moving average of $126.08. Blackstone has a 52-week low of $101.73 and a 52-week high of $190.09.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.02. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter last year, the business posted $1.11 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities research analysts anticipate that Blackstone will post 5.89 earnings per share for the current year.

Insider Activity at Blackstone

In related news, insider Vikrant Sawhney sold 30,014 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $125.79, for a total transaction of $3,775,461.06. Following the transaction, the insider owned 899,669 shares of the company’s stock, valued at $113,169,363.51. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Treasury Holdings I. Blackstone purchased 9,486,795 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $20.00 per share, for a total transaction of $189,735,900.00. Following the transaction, the insider directly owned 9,111,800 shares in the company, valued at $182,236,000. This trade represents a -2,529.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 10,252,345 shares of company stock worth $209,789,893 in the last three months. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Blackstone

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

Key Stories Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Several articles say Blackstone is positioned to beat next week’s earnings expectations, citing its strong history of earnings surprises and the potential for earnings growth, which supports the stock’s recent strength.
• Positive Sentiment: Blackstone announced a new APAC infrastructure platform and hired a senior executive from KKR, reinforcing its push into a high-growth area that could expand future fees and investment opportunities.
• Positive Sentiment: Recent commentary highlighted Blackstone’s scale in data centers and AI infrastructure, with investors viewing the firm as a major beneficiary of demand for digital infrastructure and related real assets.
• Positive Sentiment: Analysts remain constructive, with RBC Capital reiterating a buy rating and recent price targets implying more upside, helping sentiment ahead of the earnings report.
• Neutral Sentiment: Additional articles framed Blackstone as a dividend and real estate/infrastructure “crossroads” story, but these were more opinion-driven than immediate market-moving catalysts.
• Neutral Sentiment: The TechCrunch piece about Blackstone’s partnership with Anthropic on AI implementation underscores a strategic growth theme, but it is still early-stage and not yet a near-term financial driver.

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.