Blackstone (NYSE:BX) Stock Price Target Lowered at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Blackstone’s price target from $136 to $135 while maintaining a neutral rating, implying 15.6% upside from the previous close. Analysts overall assign the stock a “Moderate Buy” consensus rating with an average target of $144.57.
• Blackstone’s shares fell 1.7% to $116.79. The company beat quarterly EPS estimates, reporting $1.32 versus $1.26 expected, but revenue of $3.06 billion missed consensus and declined slightly year over year.
• The company reported strong assets under management and inflows, alongside growth opportunities in AI infrastructure, but faced weaker asset-sale proceeds and a 13.2% dividend reduction to $1.12 per share, potentially concerning income-focused investors.

Blackstone (NYSE:BX - Get Free Report) had its price target cut by stock analysts at JPMorgan Chase & Co. from $136.00 to $135.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a "neutral" rating on the asset manager's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 15.60% from the company's previous close.

Other research analysts have also recently issued reports about the stock. BNP Paribas Exane reduced their price objective on shares of Blackstone from $126.00 to $125.00 and set a "neutral" rating for the company in a report on Tuesday, June 30th. Oppenheimer reaffirmed an "outperform" rating and issued a $168.00 price target on shares of Blackstone in a research report on Friday. Barclays cut their price target on Blackstone from $128.00 to $124.00 and set an "equal weight" rating for the company in a research note on Thursday, October 8th. Wells Fargo & Company assumed coverage on Blackstone in a research note on Friday, October 2nd. They issued an "equal weight" rating and a $122.00 price objective for the company. Finally, Argus lifted their target price on Blackstone from $146.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $144.57.

Blackstone Stock Down 1.7%

Shares of NYSE:BX traded down $1.96 during trading on Friday, reaching $116.79. 2,449,966 shares of the stock were exchanged, compared to its average volume of 6,080,128. Blackstone has a 1-year low of $101.73 and a 1-year high of $165.14. The stock has a fifty day moving average of $125.43 and a two-hundred 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 firm has a market cap of $87.66 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 1.35 and a beta of 1.59.

Blackstone (NYSE:BX - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The asset manager reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.06. Blackstone had a net margin of 21.84% and a return on equity of 23.77%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the firm posted $0.80 EPS. Blackstone's revenue was down .8% compared to the same quarter last year. Research analysts anticipate that Blackstone will post 5.85 earnings per share for the current fiscal year.

Insider Activity at Blackstone

In other news, CAO David Payne sold 9,500 shares of Blackstone stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $145.23, for a total transaction of $1,379,685.00. Following the sale, the chief accounting officer directly owned 64,448 shares in the company, valued at $9,359,783.04. The trade was a 12.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 3,767,776 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider directly owned 16,120 shares in the company, valued at $47,392.80. This trade represents a 99.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders purchased 464,792 shares of company stock worth $12,205,945 and sold 4,077,276 shares worth $37,573,644. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Blackstone

A number of hedge funds have recently modified their holdings of the stock. Wellington Altus USA Inc. bought a new stake in shares of Blackstone in the second quarter valued at $26,000. Addison Advisors LLC bought a new position in shares of Blackstone during the 2nd quarter worth $30,000. NBH Bank purchased a new stake in Blackstone in the 2nd quarter worth about $30,000. Bell Investment Advisors Inc bought a new stake in Blackstone in the 2nd quarter valued at about $30,000. Finally, West Branch Capital LLC lifted its holdings in Blackstone by 26,600.0% during the second quarter. West Branch Capital LLC now owns 267 shares of the asset manager's stock valued at $31,000 after purchasing an additional 266 shares during the last quarter. 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.

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