Blackstone (NYSE:BX) Price Target Lowered to $186.00 at Barclays

Blackstone (NYSE:BX) had its target price cut by research analysts at Barclays from $192.00 to $186.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the asset manager’s stock. Barclays‘s target price indicates a potential upside of 4.63% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Morgan Stanley lifted their price target on shares of Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Wells Fargo & Company decreased their target price on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. TD Cowen raised shares of Blackstone from a “hold” rating to a “buy” rating and raised their target price for the company from $149.00 to $230.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $169.19.

Blackstone Stock Down 4.1 %

Shares of Blackstone stock opened at $177.78 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Blackstone has a 52-week low of $115.82 and a 52-week high of $200.96. The stock has a market capitalization of $128.35 billion, a price-to-earnings ratio of 61.09, a P/E/G ratio of 1.24 and a beta of 1.53. The company’s 50 day moving average price is $180.59 and its 200-day moving average price is $161.95.

Blackstone (NYSE:BX) last released its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.19. Blackstone had a net margin of 19.46% and a return on equity of 17.53%. Equities research analysts forecast that Blackstone will post 4.41 EPS for the current year.

Insider Buying and Selling

In other news, insider John G. Finley sold 42,249 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the completion of the sale, the insider now owns 387,137 shares of the company’s stock, valued at $68,112,883.78. The trade was a 9.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BX. Glen Eagle Advisors LLC lifted its holdings in Blackstone by 1.8% during the third quarter. Glen Eagle Advisors LLC now owns 3,251 shares of the asset manager’s stock valued at $498,000 after purchasing an additional 59 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in Blackstone by 0.4% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 16,184 shares of the asset manager’s stock worth $2,790,000 after buying an additional 59 shares during the period. Investmark Advisory Group LLC lifted its position in shares of Blackstone by 2.4% in the third quarter. Investmark Advisory Group LLC now owns 2,608 shares of the asset manager’s stock valued at $399,000 after acquiring an additional 60 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in Blackstone by 32.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 62 shares during the period. Finally, Capital Advisors Ltd. LLC grew its holdings in Blackstone by 2.3% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 2,787 shares of the asset manager’s stock valued at $427,000 after buying an additional 62 shares in the last quarter. Institutional investors own 70.00% of the company’s stock.

Blackstone Company Profile

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.