Blackstone (NYSE:BX) Given New $146.00 Price Target at Deutsche Bank Aktiengesellschaft

Blackstone (NYSE:BX) had its target price dropped by investment analysts at Deutsche Bank Aktiengesellschaft from $156.00 to $146.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 19.05% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Argus cut their price target on shares of Blackstone from $195.00 to $163.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. The Goldman Sachs Group cut their target price on Blackstone from $158.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. Barclays decreased their target price on Blackstone from $126.00 to $124.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. BNP Paribas Exane cut their price target on Blackstone from $167.00 to $156.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Finally, HSBC lowered their target price on shares of Blackstone from $164.00 to $131.00 and set a “hold” rating on the stock in a research report on Friday, April 10th. Eleven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Blackstone currently has a consensus rating of “Moderate Buy” and an average price target of $151.86.

Blackstone Stock Performance

Shares of BX stock opened at $122.64 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.61. The business has a 50-day simple moving average of $116.77 and a 200-day simple moving average of $138.66. The stock has a market cap of $91.02 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 1.35 and a beta of 1.74. Blackstone has a 52-week low of $101.73 and a 52-week high of $190.09.

Blackstone (NYSE:BX) last posted its quarterly earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.Blackstone’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $1.11 earnings per share. On average, equities analysts expect that Blackstone will post 6.12 EPS for the current year.

Insider Activity

In related news, major shareholder Holdings Iv Gp Mana Blackstone purchased 2,868,069 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was acquired at an average price of $26.15 per share, for a total transaction of $75,000,004.35. Following the completion of the purchase, the insider directly owned 18,628,295 shares of the company’s stock, valued at $487,129,914.25. This trade represents a 18.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the stock in a transaction on 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. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Blackstone

A number of institutional investors have recently added to or reduced their stakes in BX. Redwood Financial Network Corp lifted its holdings in shares of Blackstone by 1.8% in the 2nd quarter. Redwood Financial Network Corp now owns 3,588 shares of the asset manager’s stock valued at $537,000 after buying an additional 65 shares during the period. Obermeyer Wealth Partners raised its position in Blackstone by 2.3% in the third quarter. Obermeyer Wealth Partners now owns 2,993 shares of the asset manager’s stock worth $511,000 after acquiring an additional 66 shares in the last quarter. Klingman & Associates LLC lifted its holdings in Blackstone by 0.4% in the third quarter. Klingman & Associates LLC now owns 15,116 shares of the asset manager’s stock valued at $2,583,000 after acquiring an additional 67 shares during the period. Lazari Capital Management Inc. grew its stake in shares of Blackstone by 4.5% during the 3rd quarter. Lazari Capital Management Inc. now owns 1,578 shares of the asset manager’s stock worth $270,000 after purchasing an additional 68 shares during the period. Finally, Benchmark Financial Wealth Advisors LLC increased its holdings in shares of Blackstone by 0.9% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 7,748 shares of the asset manager’s stock valued at $1,194,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Key Headlines Impacting 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.