Royal Bank Of Canada Cuts Blackstone (NYSE:BX) Price Target to $176.00

Blackstone (NYSE:BX) had its target price lowered by Royal Bank Of Canada from $179.00 to $176.00 in a research report released on Monday morning,MarketScreener reports. The firm currently has an outperform rating on the asset manager’s stock.

Several other equities analysts have also commented on BX. BMO Capital Markets increased their price objective on Blackstone from $126.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Rothschild & Co Redburn dropped their target price on Blackstone from $158.00 to $138.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Citizens Jmp restated a “market outperform” rating and set a $195.00 target price on shares of Blackstone in a report on Friday, January 30th. HSBC dropped their target price on Blackstone from $164.00 to $131.00 and set a “hold” rating for the company in a report on Friday, April 10th. Finally, TD Cowen dropped their target price on Blackstone from $164.00 to $141.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.77.

Blackstone Price Performance

Shares of Blackstone stock opened at $129.85 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $96.37 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 1.33 and a beta of 1.74. The business’s 50-day moving average price is $116.92 and its 200-day moving average price is $138.77. Blackstone has a 12 month low of $101.73 and a 12 month high of $190.09.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 EPS for the quarter, beating the consensus estimate of $1.54 by $0.21. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $3.69 billion. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The company’s revenue was up 41.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.69 EPS. Sell-side analysts forecast that Blackstone will post 6.16 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a $1.49 dividend. This is an increase from Blackstone’s previous quarterly dividend of $1.29. The ex-dividend date was Monday, February 9th. This represents a $5.96 annualized dividend and a yield of 4.6%. Blackstone’s dividend payout ratio (DPR) is 153.61%.

Insiders Place Their Bets

In other Blackstone news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total value of $26,246,039.04. Following the completion of the sale, the insider owned 25,832 shares in the company, valued at approximately $90,670.32. This trade represents a 99.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Holdings Iv Gp Mana Blackstone acquired 2,868,069 shares of the company’s stock in a transaction on Friday, March 20th. The stock was acquired at an average price of $26.15 per share, with a total value of $75,000,004.35. Following the acquisition, the insider owned 18,628,295 shares in the company, valued at approximately $487,129,914.25. This trade represents a 18.20% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BX. REAP Financial Group LLC purchased a new position in shares of Blackstone in the 3rd quarter valued at approximately $26,000. Family CFO Inc purchased a new position in shares of Blackstone in the 4th quarter valued at approximately $28,000. Ares Financial Consulting LLC purchased a new position in shares of Blackstone in the 4th quarter valued at approximately $28,000. Richardson Financial Services Inc. purchased a new position in shares of Blackstone in the 4th quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Blackstone in the 3rd quarter valued at approximately $30,000. 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: Blackstone‑backed data‑center operator AirTrunk is exploring an A$500 million bond to finance expansion amid surging AI infrastructure demand — a sign Blackstone portfolio companies are accessing capital to scale in a hot growth segment. Article Title
• Positive Sentiment: Kindle Energy (backed by Blackstone Energy Transition Partners) has broken ground on a fully contracted $1.2B, 600‑MW combined‑cycle gas plant in West Virginia — demonstrates active deployment and fee/return potential from Blackstone’s energy transition strategy. Article Title
• Positive Sentiment: Pre‑earnings coverage highlights real estate strength and private credit as focal points for Q1 — underlying AUM growth and realized gains could support management fees and performance fees. Article Title
• Positive Sentiment: Jersey Mike’s confidential IPO filing (after Blackstone’s majority take‑private) signals a potential near‑term exit route and value realization from the consumer portfolio. Article Title
• Positive Sentiment: Industry coverage ranks Blackstone among Q4 asset‑management standouts — reinforces the firm’s relative operating momentum heading into reporting. Article Title
• Neutral Sentiment: Major firms trimmed Blackstone price targets (Morgan Stanley to $184; Citizens Jmp to $190) but kept constructive ratings, reflecting slightly lower upside assumptions rather than a change in thesis. Article Title
• Neutral Sentiment: Pre‑earnings think pieces weigh BX’s premium valuation versus AUM growth — useful for positioning but not new company‑specific catalysts. Article Title
• Negative Sentiment: Blackstone’s private‑credit fund marked down holdings in ACI Group, reflecting valuation pressure in parts of the credit book and highlighting mark‑to‑market/event‑driven downside for net asset values. Article Title
• Negative Sentiment: Royal Bank of Canada issued a pessimistic forecast for BX’s stock — adds a cautious voice that could weigh sentiment ahead of results. Article Title
• Negative Sentiment: J.P. Morgan moved to a hold on BX, a reminder some large brokerages are neutral on near‑term upside despite long‑term strengths. Article Title

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.