Shares of Blackstone Inc. (NYSE:BX – Get Free Report) have been given a consensus rating of “Hold” by the seventeen ratings firms that are presently covering the stock, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $127.56.
BX has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Blackstone from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Piper Sandler boosted their price target on Blackstone from $134.00 to $149.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Bank of America lifted their price objective on Blackstone from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 19th. TD Cowen raised their target price on shares of Blackstone from $114.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, July 19th. Finally, UBS Group upped their price target on shares of Blackstone from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th.
Check Out Our Latest Research Report on Blackstone
Insider Buying and Selling
Institutional Trading of Blackstone
Several institutional investors have recently added to or reduced their stakes in the company. Northwest Financial Advisors purchased a new position in Blackstone during the 4th quarter valued at $25,000. Chilton Capital Management LLC bought a new position in shares of Blackstone in the first quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Blackstone during the 2nd quarter valued at about $26,000. EdgeRock Capital LLC bought a new position in Blackstone in the 2nd quarter worth about $27,000. Finally, Bourgeon Capital Management LLC increased its position in shares of Blackstone by 86.2% during the fourth quarter. Bourgeon Capital Management LLC now owns 216 shares of the asset manager’s stock worth $28,000 after acquiring an additional 100 shares during the period. Institutional investors own 70.00% of the company’s stock.
Blackstone Trading Up 0.2 %
Shares of NYSE:BX opened at $141.33 on Wednesday. The stock’s fifty day moving average price is $126.38 and its 200-day moving average price is $125.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.77 and a quick ratio of 0.79. The company has a market cap of $101.00 billion, a P/E ratio of 49.94, a PEG ratio of 1.21 and a beta of 1.50. Blackstone has a 1 year low of $88.59 and a 1 year high of $145.16.
Blackstone (NYSE:BX – Get Free Report) last released its quarterly earnings results on Thursday, July 18th. The asset manager reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.03). Blackstone had a return on equity of 17.43% and a net margin of 19.35%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter last year, the business earned $0.93 earnings per share. The business’s quarterly revenue was up 166.9% on a year-over-year basis. Sell-side analysts expect that Blackstone will post 4.58 earnings per share for the current year.
Blackstone Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Monday, July 29th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Monday, July 29th. Blackstone’s payout ratio is 117.31%.
About Blackstone
Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.
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