Blackstone Inc.

🇺🇸New York Stock Exchange
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Blackstone Inc. stock analysis BX overview
Bullish +55

Evolve Private Wealth LLC Has $2.16 Million Holdings in Blackstone Inc. $BX - MarketBeat

📈 Blackstone reported Q4 EPS of $1.36, beating the consensus estimate of $1.34.

💰 Revenue grew 10% year-over-year to reach $3.43 billion for the quarter.

🏦 Evolve Private Wealth LLC increased its stake by 138% to hold 18,802 shares worth $2.16 million.

📉 HSBC lowered its price target from $164.00 to $131.00 with a 'hold' rating.

📉 Barclays reduced its target price from $126.00 to $124.00 with an 'equal weight' rating.

💵 The company paid a quarterly dividend of $1.16, yielding 3.8% annually.

⚠️ The dividend payout ratio is high at 118.67%, indicating potential sustainability concerns.

📊 Institutional ownership stands at 70%, with several wealth managers increasing stakes.

👤 Director Ruth Porat purchased 355 shares, increasing her total holdings by 0.86%.

🏛️ Treasury Holdings I acquired nearly 9.5 million shares worth approximately $189.7 million.

📈 The stock trades at a PE ratio of 31.50 with a market cap of $91.51 billion.

📉 The current share price is below the 200-day moving average of $130.08.

Bullish Signals
  • Blackstone beat earnings per share expectations, reporting $1.36 versus the expected $1.34.
  • Revenue increased by 10% year-over-year to $3.43 billion, demonstrating solid top-line growth.
  • The company maintains a healthy return on equity of 22.86% and a net margin of 20.67%.
  • Multiple institutional investors, including Evolve Private Wealth LLC, significantly increased their holdings in the first quarter.
  • Deutsche Bank initiated coverage with a 'buy' rating, signaling confidence from new analysts.
  • Evercore reissued an 'outperform' rating with a $150.00 price target, supporting bullish sentiment.
  • The stock offers a 3.8% annualized dividend yield to shareholders.
Risk Factors
  • The dividend payout ratio is elevated at 118.67%, suggesting the company may be paying out more in dividends than it generates in earnings.
  • HSBC reduced its price target from $164.00 to $131.00, indicating a bearish shift in analyst expectations.
  • Barkeley lowered its price target from $126.00 to $124.00 and assigned an 'equal weight' rating.
  • The stock is currently trading below its 200-day moving average of $130.08, indicating potential short-term weakness.
Full Analysis
Blackstone Inc. (NYSE:BX) reported strong quarterly results, beating earnings per share expectations of $1.34 with actual EPS of $1.36. Revenue increased by 10% year-over-year to reach $3.43 billion, while the company maintained a return on equity of 22.86% and a net margin of 20.67%. The firm paid a quarterly dividend of $1.16 per share, resulting in an annualized yield of 3.8%, though the payout ratio remains elevated at 118.67%. Institutional ownership activity highlights significant interest from various wealth management firms. Evolve Private Wealth LLC increased its stake by 138% to hold 18,802 shares valued at approximately $2.16 million. Other notable investors including Forbes J M & Co., Sheets Smith Wealth Management, and IVC Wealth Advisors also expanded their positions during the first quarter, reflecting broad institutional confidence in the asset manager. Analyst sentiment remains mixed but generally positive, with a consensus rating of 'Moderate Buy' and an average price target of $150.86. While Deutsche Bank initiated coverage with a 'buy' rating and Evercore reiterated an 'outperform' stance, HSBC and Barclays recently lowered their price targets to $131.00 and $124.00 respectively. Insider trading activity included purchases by Director Ruth Porat and significant acquisitions by Treasury Holdings I. The stock currently trades at a PE ratio of 31.50 with a market capitalization of $91.51 billion. Technical indicators show the share price hovering near its 50-day moving average of $121.23 but trading below its 200-day moving average of $130.08, suggesting potential consolidation or short-term weakness despite solid fundamental performance and revenue growth.