TD Cowen Lowers Blackstone (NYSE:BX) Price Target to $140.00

Blackstone (NYSE:BX) had its target price lowered by stock analysts at TD Cowen from $141.00 to $140.00 in a note issued to investors on Friday,MarketScreener reports. The firm presently has a “buy” rating on the asset manager’s stock. TD Cowen’s target price points to a potential upside of 14.15% from the company’s current price.

A number of other equities analysts have also recently issued reports on BX. Morgan Stanley lowered their target price on Blackstone from $215.00 to $184.00 and set an “overweight” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their target price on Blackstone from $156.00 to $146.00 and set a “buy” rating for the company in a research note on Friday. Piper Sandler cut their price objective on shares of Blackstone from $158.00 to $122.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Oppenheimer lifted their price target on shares of Blackstone from $154.00 to $156.00 and gave the company an “outperform” rating in a research report on Friday. Finally, HSBC cut their price target on Blackstone from $164.00 to $131.00 and set a “hold” rating for the company in a research note on Friday, April 10th. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.86.

Blackstone Stock Down 5.5%

Shares of NYSE:BX opened at $122.64 on Friday. Blackstone has a 52 week low of $101.73 and a 52 week high of $190.09. The company has a market capitalization of $91.02 billion, a PE ratio of 31.53, a PEG ratio of 1.35 and a beta of 1.74. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.76 and a current ratio of 0.76. The company has a 50 day moving average price of $116.77 and a two-hundred day moving average price of $138.66.

Blackstone (NYSE:BX) last issued its earnings results on Thursday, April 23rd. The asset manager reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter last year, the business posted $1.11 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. Analysts forecast that Blackstone will post 6.12 earnings per share for the current year.

Insider Activity

In other Blackstone news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $10.00, for a total value of $15,961,420.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the transaction, the insider owned 25,832 shares of the company’s stock, valued at $90,670.32. This represents a 99.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Blackstone

Several institutional investors have recently made changes to their positions in BX. First Pacific Financial raised its stake in shares of Blackstone by 2.2% during the 1st quarter. First Pacific Financial now owns 6,527 shares of the asset manager’s stock valued at $751,000 after purchasing an additional 143 shares during the period. Mayflower Financial Advisors LLC increased its position in shares of Blackstone by 11.4% during the first quarter. Mayflower Financial Advisors LLC now owns 8,985 shares of the asset manager’s stock valued at $1,033,000 after buying an additional 916 shares during the period. Powell Investment Advisors LLC grew its stake in Blackstone by 2.7% during the first quarter. Powell Investment Advisors LLC now owns 6,800 shares of the asset manager’s stock valued at $782,000 after acquiring an additional 178 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in Blackstone by 15.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 711 shares of the asset manager’s stock worth $82,000 after acquiring an additional 93 shares during the period. Finally, Drucker Wealth 3.0 LLC grew its position in shares of Blackstone by 8.7% during the 1st quarter. Drucker Wealth 3.0 LLC now owns 1,866 shares of the asset manager’s stock valued at $215,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other 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: 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

Blackstone Company Profile

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.