Blackstone Inc.

New York Stock Exchange
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Bullish +65

Blackstone Inc. (NYSE:BX) Given Consensus Rating of "Moderate Buy" by Brokerages - MarketBeat

AI-generated analysis

📈 Blackstone reported adjusted EPS of $1.52, beating the $1.34 consensus estimate, with revenue reaching $5.04 billion, a 35.9% year-over-year increase.

📊 Analysts maintain a 'Moderate Buy' consensus rating with an average 12-month price target of approximately $149.43 among 24 covering brokerages.

💰 The quarterly dividend increased to $1.29 per share, offering a 3.8% annualized yield, though the payout ratio is elevated at 115.44%.

🏦 Royal Bank of Canada raised its price objective to $169.00 and Argus increased theirs to $150.00, both maintaining buy or outperform ratings.

📉 Major shareholder Bx Buzz Ml-1 Gp Llc sold 7.48 million shares, reducing ownership by 99.74%, while Holdings IV L.P. bought 272k shares for a 3.23% stake increase.

📉 Blackstone's stock has a 50-day moving average of $132.74 and a 200-day moving average of $123.10, trading between a 1-year low of $101.73 and high of $190.09.

🏢 The company operates as a global alternative asset manager with platforms in real estate, credit, private equity, and hedge fund solutions.

📈 Institutional ownership stands at 70%, with several funds like Redwood Financial Network Corp and Zacks Investment Management increasing their positions recently.

Bullish Signals
  • Blackstone reported adjusted EPS of $1.52, significantly beating the $1.34 consensus estimate, demonstrating strong operational performance.
  • Revenue surged to $5.04 billion, a 35.9% year-over-year increase, indicating robust business growth and market demand.
  • The company increased its quarterly dividend to $1.29 per share, boosting the annualized yield to 3.8% for shareholders.
  • Analyst consensus remains 'Moderate Buy' with an average 12-month price target of $149.43, reflecting positive market sentiment.
  • Royal Bank of Canada raised its price objective to $169.00 and maintained an 'outperform' rating, signaling strong institutional confidence.
  • Argus Capital Management increased its price target to $150.00 with a 'buy' rating, further validating the stock's upside potential.
  • Holdings IV L.P., a major shareholder, increased its stake by 3.23% through a purchase of 272,642 shares, showing insider confidence.
Risk Factors
  • The dividend payout ratio is 115.44%, meaning the company is paying out more in dividends than it earns per share, which may be unsustainable long-term.
  • Major shareholder Bx Buzz Ml-1 Gp Llc sold 7.48 million shares, reducing its ownership by 99.74%, indicating a significant exit by an institutional investor.
Full Analysis
Blackstone Inc. (NYSE:BX) reported strong quarterly financial results that significantly exceeded analyst expectations, driving positive sentiment among brokerage firms. The company posted adjusted earnings per share of $1.52 against a consensus estimate of $1.34, while revenue surged to $5.04 billion, representing a 35.9% year-over-year increase compared to the estimated $3.42 billion. Wall Street analysts maintain a 'Moderate Buy' consensus rating for Blackstone based on recent performance and future outlook. Of the 24 brokerages currently covering the stock, 13 have issued buy ratings while 11 hold it, with an average 12-month price target of approximately $149.43. Notably, Royal Bank of Canada recently raised its price objective to $169.00 and Argus increased its target to $150.00, both maintaining buy or outperform ratings. The company also enhanced shareholder returns by increasing its quarterly dividend to $1.29 per share, resulting in an annualized yield of 3.8%. However, the payout ratio stands at 115.44%, indicating the dividend exceeds current earnings per share. Insider activity remains mixed, with Holdings IV L.P. increasing its stake by over 3% while another major shareholder sold nearly all their holdings. Blackstone continues to operate as a global alternative asset management firm founded in 1985, managing investments across real estate, credit, and private equity for institutional and individual clients. The firm holds a market capitalization of $102.14 billion with a P/E ratio of 30.44 and a beta of 1.56, reflecting its volatility relative to the broader market.