TD Cowen Issues Pessimistic Forecast for Blackstone (NYSE:BX) Stock Price

Blackstone (NYSE:BX) had its target price reduced by TD Cowen from $154.00 to $144.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the asset manager’s stock. TD Cowen’s price objective would suggest a potential upside of 30.81% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Argus raised their price target on shares of Blackstone from $146.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Citigroup upgraded shares of Blackstone from a “market outperform” rating to a “buy” rating in a report on Monday. The Goldman Sachs Group increased their price objective on shares of Blackstone from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Citizens Jmp reduced their target price on Blackstone from $190.00 to $165.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Finally, Keefe, Bruyette & Woods raised Blackstone to a “hold” rating in a research report on Monday, July 20th. Thirteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $144.65.

Blackstone Price Performance

Blackstone stock opened at $110.09 on Monday. The stock has a market capitalization of $82.63 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 1.37 and a beta of 1.59. Blackstone has a 52-week low of $101.73 and a 52-week high of $166.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s 50 day moving average price is $129.90 and its two-hundred day moving average price is $124.27.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, July 23rd. The asset manager reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.18. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. The company had revenue of $5.04 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the business posted $0.98 EPS. Blackstone’s revenue for the quarter was up 35.9% compared to the same quarter last year. On average, equities analysts predict that Blackstone will post 5.94 earnings per share for the current year.

Insiders Place Their Bets

In other Blackstone news, major shareholder Holdings Iv L.P. Blackstone purchased 191,695 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was acquired at an average price of $26.17 per share, for a total transaction of $5,016,658.15. Following the purchase, the insider owned 8,895,478 shares of the company’s stock, valued at $232,794,659.26. This trade represents a 2.20% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 3,767,776 shares of the company’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $2.94, for a total transaction of $11,077,261.44. Following the transaction, the insider owned 16,120 shares in the company, valued at approximately $47,392.80. The trade was a 99.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have acquired 1,038,406 shares of company stock worth $27,205,951 and have sold 4,077,276 shares worth $37,573,644. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Blackstone

Institutional investors and hedge funds have recently made changes to their positions in the business. Hudock Inc. grew its position in shares of Blackstone by 0.3% in the 2nd quarter. Hudock Inc. now owns 22,369 shares of the asset manager’s stock valued at $2,632,000 after purchasing an additional 77 shares during the period. GHP Investment Advisors Inc. raised its holdings in Blackstone by 4.4% during the 1st quarter. GHP Investment Advisors Inc. now owns 1,888 shares of the asset manager’s stock worth $217,000 after buying an additional 79 shares during the period. Prentice Wealth Management LLC raised its holdings in Blackstone by 1.3% during the 1st quarter. Prentice Wealth Management LLC now owns 6,256 shares of the asset manager’s stock worth $719,000 after buying an additional 80 shares during the period. Heartland Bank & Trust Co lifted its stake in Blackstone by 2.2% in the first quarter. Heartland Bank & Trust Co now owns 3,691 shares of the asset manager’s stock valued at $424,000 after buying an additional 81 shares in the last quarter. Finally, First Horizon Corp boosted its holdings in shares of Blackstone by 3.4% in the first quarter. First Horizon Corp now owns 2,625 shares of the asset manager’s stock valued at $302,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.

Trending Headlines about Blackstone

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: New $1 billion financing: Blackstone Credit & Insurance is leading $1 billion in financing to support the combination of Analogic with several Leidos security businesses. The transaction expands BXCI’s lending activity and could generate interest income and fees for Blackstone. Blackstone Credit & Insurance financing announcement
• Positive Sentiment: TD Cowen maintains a Buy rating: TD Cowen reduced its price target from $154 to $144 but still sees substantial upside from the current trading level. The target cut reflects more cautious valuation assumptions, while the continued Buy rating provides a supportive analyst signal.
• Neutral Sentiment: UBS remains Neutral: UBS lowered its Blackstone price target from $122 to $116 and reiterated a Hold rating. Although the revised target implies upside, the reduction suggests more limited near-term expectations for the alternative-asset manager. UBS Blackstone rating
• Negative Sentiment: AirTrunk IPO delayed: Blackstone-backed data-center operator AirTrunk has reportedly postponed a planned $1.5 billion Singapore REIT IPO amid an AI-related stock selloff. The delay could postpone proceeds or valuation benefits for Blackstone and highlights weaker capital-markets conditions for technology-linked real estate assets. AirTrunk IPO delay

Blackstone Company Profile

Blackstone Inc is a global alternative asset management firm that provides investment solutions to institutional investors, companies, financial advisers and individual investors. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson, the company has developed a broad platform spanning private markets and other alternative investments.

Blackstone’s businesses include private equity, real estate, credit and insurance, infrastructure, secondaries and hedge fund solutions. Its investment activities may involve acquiring and managing companies, commercial and residential properties, infrastructure assets, private credit and other investments on behalf of its clients.

The firm serves clients and invests across North America, Europe, Asia-Pacific and other international markets.