Blackstone Inc.

🇺🇸New York Stock Exchange
Back to all articles
Blackstone Inc. stock analysis BX overview
Somewhat Bullish +35

Blackstone Inc. (NYSE:BX) Given Average Rating of "Moderate Buy" by ...

📊 Blackstone Inc. (NYSE:BX) holds an average analyst rating of 'Moderate Buy' with a consensus twelve-month price target of $150.86.

📈 The stock received upgrades from Zacks Research to 'hold' and Royal Bank of Canada issued an 'outperform' rating recently.

📉 Barclays lowered its price target to $124.00 with an 'equal weight' rating, while Morgan Stanley reduced its objective to $184.00.

💰 Blackstone reported Q1 EPS of $1.36, beating the consensus estimate of $1.34 by $0.02.

📉 Revenue for the quarter was $3.43 billion, slightly missing analyst expectations of $3.45 billion but up 10% year-over-year.

🏦 The company achieved a net margin of 20.67% and a return on equity of 22.86% during the reported period.

💸 Blackstone paid a quarterly dividend of $1.16 per share, yielding 3.9% annually to investors of record on May 4th.

📉 Major shareholder Bx Buzz Ml-1 Gp Llc sold 7.48 million shares for approximately $28.3 million in a single transaction.

📈 Treasury Holdings I purchased 9.49 million shares at an average price of $20.00, investing roughly $189.7 million.

🏛️ Institutional investors and hedge funds collectively own 70% of Blackstone's outstanding stock.

Bullish Signals
  • Blackstone beat quarterly EPS expectations with a result of $1.36 versus the consensus of $1.34, demonstrating operational strength.
  • The company achieved a robust net margin of 20.67% and a return on equity of 22.86%, indicating efficient capital deployment.
  • Revenue grew by 10.0% year-over-year to reach $3.43 billion, showing continued business expansion despite missing top-line estimates.
  • The stock offers an attractive dividend yield of 3.9% with a recent quarterly payout of $1.16 per share.
  • Major shareholder Treasury Holdings I significantly increased its stake by purchasing nearly 9.5 million shares at $20.00 each, signaling strong insider confidence.
  • Zacks Research upgraded the stock from 'strong sell' to 'hold', reflecting a positive shift in analyst sentiment regarding the company's trajectory.
Risk Factors
  • Blackstone's quarterly revenue of $3.43 billion missed analyst expectations of $3.45 billion, indicating potential headwinds in top-line growth.
  • Major shareholder Bx Buzz Ml-1 Gp Llc drastically reduced its position by selling 7.48 million shares, representing a 99.74% decrease in ownership.
  • Morgan Stanley lowered its price objective from $215.00 to $184.00, suggesting some analysts see limited upside potential at current levels.
  • Barclays reduced its price target to $124.00 and assigned an 'equal weight' rating, reflecting a neutral-to-negative outlook on the stock's immediate prospects.
Full Analysis
Blackstone Inc. (NYSE:BX) has received an average analyst rating of 'Moderate Buy' from twenty-five research firms, with twelve analysts recommending a hold and thirteen recommending a buy. The consensus twelve-month price target stands at $150.86. Recent analyst actions include Deutsche Bank initiating coverage with a 'buy' rating, Zacks Research upgrading the stock to a 'hold', and Royal Bank of Canada issuing an 'outperform' rating. Conversely, Barclays lowered its price target to $124.00 with an 'equal weight' rating, while Morgan Stanley reduced its objective to $184.00 despite maintaining an 'overweight' stance. The company reported quarterly earnings on April 23rd, posting EPS of $1.36 which beat the consensus estimate of $1.34. Revenue reached $3.43 billion, slightly missing analyst expectations of $3.45 billion but representing a 10.0% year-over-year increase. The firm achieved a net margin of 20.67% and a return on equity of 22.86%. Analysts forecast EPS of $5.9 for the current fiscal year. Blackstone also paid a quarterly dividend of $1.16 per share, resulting in an annualized yield of 3.9%. Significant insider trading activity occurred recently involving major shareholders. Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares for approximately $28.3 million, reducing its position by 99.74%. In contrast, Treasury Holdings I purchased 9,486,795 shares at an average price of $20.00 per share for a total value of roughly $189.7 million, increasing its ownership significantly. Institutional investors and hedge funds hold 70% of the company's stock, with several firms acquiring new positions in the third and fourth quarters.