Shares of Blackstone Inc. (NYSE:BX - Get Free Report) have received a consensus recommendation of "Hold" from the seventeen analysts that are currently covering the company, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $132.24.
BX has been the subject of a number of analyst reports. Wells Fargo & Company began coverage on shares of Blackstone in a research note on Thursday, September 12th. They set an "overweight" rating and a $163.00 target price for the company. Morgan Stanley upped their price target on shares of Blackstone from $144.00 to $164.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 23rd. Bank of America upped their price target on shares of Blackstone from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, July 19th. The Goldman Sachs Group upped their price target on shares of Blackstone from $130.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, TD Cowen boosted their target price on shares of Blackstone from $114.00 to $120.00 and gave the stock a "hold" rating in a report on Friday, July 19th.
Read Our Latest Analysis on Blackstone
In related news, Director Joseph Baratta sold 116,448 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $150.81, for a total transaction of $17,561,522.88. Following the completion of the sale, the director now directly owns 799,749 shares of the company's stock, valued at approximately $120,610,146.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Joseph Baratta sold 116,448 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $150.81, for a total transaction of $17,561,522.88. Following the completion of the sale, the director now directly owns 799,749 shares of the company's stock, valued at approximately $120,610,146.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John G. Finley sold 35,000 shares of the company's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $131.74, for a total transaction of $4,610,900.00. Following the sale, the insider now directly owns 429,386 shares of the company's stock, valued at approximately $56,567,311.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.
A number of hedge funds have recently made changes to their positions in BX. Chilton Capital Management LLC acquired a new position in shares of Blackstone in the 1st quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Blackstone during the 2nd quarter worth about $26,000. EdgeRock Capital LLC bought a new stake in Blackstone during the 2nd quarter worth about $27,000. Bank & Trust Co bought a new position in Blackstone during the 2nd quarter worth approximately $29,000. Finally, Ridgewood Investments LLC bought a new position in Blackstone during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 70.00% of the company's stock.
BX opened at $151.92 on Monday. The company has a 50-day moving average of $142.63 and a 200-day moving average of $131.42. The company has a market capitalization of $108.57 billion, a P/E ratio of 53.68, a PEG ratio of 1.34 and a beta of 1.51. Blackstone has a 1-year low of $88.59 and a 1-year high of $161.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.77 and a current ratio of 0.77.
Blackstone (NYSE:BX - Get Free Report) last announced its quarterly earnings data on Thursday, July 18th. The asset manager reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.03). Blackstone had a net margin of 19.35% and a return on equity of 17.43%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the company earned $0.93 EPS. Blackstone's quarterly revenue was up 166.9% on a year-over-year basis. Equities analysts expect that Blackstone will post 4.57 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Monday, July 29th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.16%. The ex-dividend date was Monday, July 29th. Blackstone's dividend payout ratio is 115.90%.
Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.
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