Blackstone (NYSE:BX) Price Target Raised to $169.00 at Royal Bank Of Canada

Blackstone (NYSE:BX) had its price target boosted by research analysts at Royal Bank Of Canada from $161.00 to $169.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the asset manager’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 34.30% from the stock’s current price.

A number of other research analysts have also weighed in on BX. Evercore reissued an “outperform” rating and set a $150.00 price target on shares of Blackstone in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Blackstone in a research note on Monday, June 8th. They issued a “buy” rating for the company. JPMorgan Chase & Co. cut their target price on Blackstone from $136.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, July 16th. Piper Sandler lifted their price target on Blackstone from $122.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Weiss Ratings downgraded Blackstone from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.14.

Blackstone Stock Up 1.1%

Shares of BX stock traded up $1.33 during trading hours on Friday, reaching $125.83. The company had a trading volume of 370,890 shares, compared to its average volume of 6,701,198. The business has a fifty day simple moving average of $120.10 and a 200-day simple moving average of $124.81. Blackstone has a 12 month low of $101.73 and a 12 month high of $190.09. The company has a market cap of $93.48 billion, a price-to-earnings ratio of 32.23, a price-to-earnings-growth ratio of 1.33 and a beta of 1.58. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.76.

Blackstone (NYSE:BX) last released its quarterly earnings results on Thursday, July 23rd. The asset manager reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.18. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $3.42 billion. Blackstone had a return on equity of 22.86% and a net margin of 20.67%.Blackstone’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. On average, research analysts expect that Blackstone will post 5.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Blackstone

In related news, major shareholder Treasury Holdings I. Blackstone purchased 9,486,795 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of $20.00 per share, with a total value of $189,735,900.00. Following the acquisition, the insider directly owned 9,111,800 shares of the company’s stock, valued at approximately $182,236,000. This represents a -2,529.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vikrant Sawhney sold 30,014 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $125.79, for a total value of $3,775,461.06. Following the sale, the insider owned 899,669 shares in the company, valued at $113,169,363.51. The trade was a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have purchased a total of 10,252,345 shares of company stock worth $209,789,893 in the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Trading of Blackstone

A number of hedge funds have recently bought and sold shares of BX. Brighton Jones LLC grew its stake in shares of Blackstone by 34.6% during the fourth quarter. Brighton Jones LLC now owns 7,917 shares of the asset manager’s stock valued at $1,365,000 after buying an additional 2,035 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Blackstone by 9.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,076 shares of the asset manager’s stock valued at $310,000 after acquiring an additional 177 shares during the period. United Bank grew its position in Blackstone by 14.7% during the 2nd quarter. United Bank now owns 13,528 shares of the asset manager’s stock worth $2,024,000 after acquiring an additional 1,729 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in shares of Blackstone during the second quarter valued at approximately $1,124,000. Finally, Sei Investments Co. increased its stake in shares of Blackstone by 1.9% in the second quarter. Sei Investments Co. now owns 452,619 shares of the asset manager’s stock worth $67,703,000 after buying an additional 8,655 shares during the period. Institutional investors own 70.00% of the company’s stock.

Blackstone News Summary

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone posted Q2 earnings of $1.52 per share on $5.04 billion of revenue, well above Wall Street estimates, while revenue jumped 35.9% year over year and AUM hit a record $1.35 trillion. Reuters article
• Positive Sentiment: Management said AI-related investments are starting to pay off across private equity, private credit, and real estate, with infrastructure holdings and new inflows helping offset softer private credit fundraising. Yahoo Finance article
• Positive Sentiment: Blackstone raised its quarterly dividend to $1.29 per share from $1.16, an 11.2% increase that signals confidence in cash generation and supports the stock’s income appeal. Dividend announcement
• Positive Sentiment: The company also highlighted strategic expansion in AI and infrastructure, including a major AI data center loan and new public-private investment solutions with Wellington and Vanguard, which may support future fundraising and earnings growth. AI data center loan article
• Neutral Sentiment: Blackstone’s earnings call and transcript reinforced the same message: strong inflows, record assets, and AI investments are driving results, but investors are still watching whether the momentum can continue amid a tougher macro backdrop. TipRanks earnings call article
• Neutral Sentiment: Some pre-earnings commentary noted that private capital shares had lagged this year and that Blackstone was trying to broaden growth by targeting wealthy individuals, but those concerns were largely outweighed by the quarter’s stronger-than-expected results. Pre-earnings article

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.