Blackstone (NYSE:BX) Given New $140.00 Price Target at TD Cowen

Blackstone (NYSE:BX) had its price objective lowered by equities research analysts at TD Cowen from $141.00 to $140.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm currently has a “buy” rating on the asset manager’s stock. TD Cowen’s target price would indicate a potential upside of 14.15% from the company’s previous close.

BX has been the subject of a number of other reports. Jefferies Financial Group lowered their price target on shares of Blackstone from $161.00 to $143.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Citizens Jmp dropped their price target on Blackstone from $195.00 to $190.00 and set a “market outperform” rating on the stock in a research report on Wednesday. Morgan Stanley lowered their price target on shares of Blackstone from $215.00 to $184.00 and set an “overweight” rating for the company in a research report on Tuesday. Evercore reissued an “outperform” rating and set a $150.00 target price on shares of Blackstone in a research note on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Blackstone in a research note on Monday. Eleven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Blackstone presently has an average rating of “Moderate Buy” and a consensus target price of $151.86.

Blackstone Trading Down 5.5%

Shares of Blackstone stock opened at $122.64 on Friday. The firm has a market cap of $91.02 billion, a price-to-earnings ratio of 31.53, a price-to-earnings-growth ratio of 1.35 and a beta of 1.74. Blackstone has a 52-week low of $101.73 and a 52-week high of $190.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.61. The company’s 50-day simple moving average is $116.77 and its 200-day simple moving average is $138.66.

Blackstone (NYSE:BX) last posted its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the prior year, the company earned $1.11 EPS. The company’s revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts anticipate that Blackstone will post 6.12 earnings per share for the current year.

Insider Buying and Selling at Blackstone

In other Blackstone news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the stock in a transaction on Tuesday, March 17th. The shares were 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 directly owned 25,832 shares of the company’s stock, valued at $90,670.32. This represents a 99.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Holdings Iv Gp Mana Blackstone bought 2,868,069 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of $26.15 per share, for a total transaction of $75,000,004.35. Following the completion of the transaction, the insider owned 18,628,295 shares of the company’s stock, valued at $487,129,914.25. This represents a 18.20% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Blackstone

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Blackstone by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 71,667,695 shares of the asset manager’s stock worth $11,046,859,000 after acquiring an additional 840,258 shares in the last quarter. Morgan Stanley increased its holdings in Blackstone by 2.0% during the 4th quarter. Morgan Stanley now owns 32,862,165 shares of the asset manager’s stock valued at $5,065,374,000 after purchasing an additional 636,613 shares in the last quarter. State Street Corp boosted its stake in Blackstone by 0.6% in the fourth quarter. State Street Corp now owns 31,542,009 shares of the asset manager’s stock worth $4,861,885,000 after purchasing an additional 179,213 shares in the last quarter. Norges Bank acquired a new stake in shares of Blackstone in the fourth quarter valued at $1,275,747,000. Finally, Northern Trust Corp raised its holdings in shares of Blackstone by 4.7% in the third quarter. Northern Trust Corp now owns 7,324,989 shares of the asset manager’s stock valued at $1,251,474,000 after buying an additional 329,379 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Q1 results beat expectations — EPS of $1.36 vs. $1.34 est. and revenue of $3.62B vs. $3.45B; fee‑earning AUM rose and total AUM hit roughly $1.3T, giving investors concrete evidence of growth. Press Release / Slide Deck
• Positive Sentiment: Dividend announced: BX declared a quarterly dividend of $1.16/share (ex‑dividend May 4, pay May 11), implying a ~3.8% yield — supports income investors and provides a near‑term cash return floor.
• Positive Sentiment: Investment gains helped lift distributable earnings and first‑quarter profit, reinforcing the beat and showing portfolio realization/mark gains can drive results. Reuters: Profit Boost
• Positive Sentiment: Oppenheimer raised its price target to $156 and kept an “outperform” rating — an incremental analyst vote of confidence that points to meaningful upside from current levels. Benzinga: PT Raise
• Positive Sentiment: Portfolio and energy‑transition activity: Blackstone‑backed Kindle Energy broke ground on a $1.2B CCGT facility and AirTrunk is exploring a bond — shows continued deal flow and realizations from private investments. BusinessWire: Kindle Energy
• Neutral Sentiment: Extensive coverage and call transcripts are circulating (earnings call Q1 transcript, analyst writeups, ETF rankings) — useful for digging into segment detail but already largely reflected in today’s move. Earnings Call Transcript
• Neutral Sentiment: Jersey Mike’s confidential IPO filing (a Blackstone portfolio company) signals potential near‑term exit/liquidity events, which can be positive for future realizations but timing/value are uncertain.
• Negative Sentiment: Mixed analyst moves: Morgan Stanley “lowered” its price target (to $184) — the downward revision language can temper enthusiasm despite the target remaining above current price. Analyst PT Change
• Negative Sentiment: Some GAAP metrics and reported expenses drew attention (reports noted GAAP profit distortions/expense increases), which could cap multiple expansion if investors focus on one‑time or volatile mark‑to‑market swings. Coverage: GAAP Notes

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.