JPMorgan Chase & Co. Has Lowered Expectations for Blackstone (NYSE:BX) Stock Price

Blackstone (NYSE:BX) had its price objective lowered by research analysts at JPMorgan Chase & Co. from $136.00 to $135.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 15.60% from the company’s current price.

A number of other research analysts have also weighed in on the company. Barclays reduced their target price on Blackstone from $128.00 to $124.00 and set an “equal weight” rating for the company in a report on Thursday, October 8th. Citizens Jmp cut their price objective on shares of Blackstone from $190.00 to $165.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. Credit Suisse Group set a $165.00 target price on shares of Blackstone in a report on Friday. BMO Capital Markets reiterated an “outperform” rating and issued a $130.00 target price on shares of Blackstone in a research note on Wednesday. Finally, Royal Bank Of Canada boosted their price target on shares of Blackstone from $161.00 to $169.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Thirteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Blackstone has an average rating of “Moderate Buy” and an average price target of $144.57.

Blackstone Stock Performance

Shares of NYSE:BX traded down $1.96 during trading on Friday, hitting $116.79. 2,449,966 shares of the company were exchanged, compared to its average volume of 6,080,128. Blackstone has a 52-week low of $101.73 and a 52-week high of $165.14. The stock has a 50 day moving average of $125.43 and a 200 day moving average of $124.15. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $87.66 billion, a PE ratio of 26.15, a P/E/G ratio of 1.35 and a beta of 1.59.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, October 22nd. The asset manager reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.27 billion. Blackstone had a return on equity of 23.77% and a net margin of 21.84%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. As a group, equities research analysts predict that Blackstone will post 5.85 EPS for the current year.

Insider Buying and Selling at Blackstone

In other news, Director Joseph Baratta sold 100,000 shares of the firm’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $123.80, for a total transaction of $12,380,000.00. Following the sale, the director owned 771,599 shares in the company, valued at approximately $95,523,956.20. This trade represents a 11.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 3,767,776 shares of Blackstone 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 sale, the insider directly owned 16,120 shares of the company’s stock, valued at $47,392.80. This represents a 99.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders purchased 464,792 shares of company stock valued at $12,205,945 and sold 4,077,276 shares valued at $37,573,644. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Blackstone

A number of large investors have recently added to or reduced their stakes in BX. BlackRock Inc. purchased a new position in shares of Blackstone in the 2nd quarter worth about $6,112,162,000. Bank of America Corp DE purchased a new position in shares of Blackstone during the 2nd quarter valued at about $1,364,373,000. Legal & General Group Plc bought a new stake in Blackstone in the 2nd quarter worth approximately $605,267,000. Bank of New York Mellon Corp boosted its stake in Blackstone by 8.0% in the first quarter. Bank of New York Mellon Corp now owns 4,520,908 shares of the asset manager’s stock worth $519,859,000 after buying an additional 333,798 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Blackstone by 1.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,353,274 shares of the asset manager’s stock worth $512,250,000 after buying an additional 52,755 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

More Blackstone News

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Blackstone reported third-quarter distributable earnings of $1.32 per share, exceeding the $1.26 consensus estimate. Assets under management increased 10% to approximately $1.37 trillion, while net inflows topped $63 billion. Fee-related earnings rose 6%, supporting the investment case for more predictable, recurring revenue. Blackstone Q3 Net Income Rises; Total AUM Up 10%
• Positive Sentiment: Management highlighted accelerating fee growth, strong fundraising and significant opportunities in AI-related infrastructure. Infrastructure assets reportedly grew 40% year over year, giving investors a potential long-term growth catalyst as demand for data centers and related power capacity expands. BX Q3 Earnings Call Highlights AI Opportunities and Fee Growth
• Neutral Sentiment: The quarter was mixed: revenue of $3.06 billion was below the roughly $3.27 billion consensus, and GAAP earnings were pressured by weaker exit activity. However, investors appeared to view resilient inflows and fee income as more important than temporarily depressed realization revenue.
• Negative Sentiment: Blackstone’s distributable earnings declined 13% year over year, while private-equity asset-sale proceeds fell 49% amid choppy markets. Rising interest rates continue to weigh on real estate and private credit, creating uncertainty around future exits and performance fees. Blackstone’s Core Businesses Hit by Rising Rates
• Negative Sentiment: The company declared a quarterly dividend of $1.12 per share, down from $1.29 previously. Although the new annualized yield is approximately 3.8%, the 13.2% reduction may concern income-focused investors.

Blackstone Company Profile

Blackstone Inc (NYSE:BX) is a global alternative asset management firm that provides investment and advisory services to institutional investors, companies, and qualified individual investors. The company manages capital across private equity, real estate, credit and insurance, infrastructure, hedge fund solutions, secondaries, and growth-oriented investments.

Blackstone invests in and manages portfolios of businesses, properties, infrastructure assets, and credit instruments across a range of industries.