Blackstone (NYSE:BX) Stock Rating Upgraded by Royal Bank Of Canada

Blackstone (NYSE:BX) was upgraded by analysts at Royal Bank Of Canada to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Bank of America cut their price objective on Blackstone from $199.00 to $189.00 in a research note on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Blackstone from $164.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Argus cut their target price on shares of Blackstone from $195.00 to $163.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Piper Sandler dropped their price objective on Blackstone from $168.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Blackstone from $176.00 to $158.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $169.38.

Blackstone Price Performance

NYSE BX opened at $116.27 on Monday. The stock has a market capitalization of $85.86 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 0.88 and a beta of 1.76. The company has a 50 day moving average price of $146.12 and a two-hundred day moving average price of $155.66. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.61. Blackstone has a 12-month low of $111.04 and a 12-month high of $190.09.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, January 29th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.21. Blackstone had a net margin of 20.89% and a return on equity of 22.17%. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the business earned $1.69 EPS. Blackstone’s quarterly revenue was up 41.4% compared to the same quarter last year. As a group, equities analysts predict that Blackstone will post 5.87 earnings per share for the current fiscal year.

Insider Transactions at Blackstone

In related news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of Blackstone stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. Following the completion of the transaction, the insider directly owned 2,161 shares of the company’s stock, valued at $21,610. This trade represents a 99.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Holdings Iv Gp Mana Blackstone acquired 1,146,789 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were purchased at an average cost of $26.16 per share, with a total value of $30,000,000.24. Following the acquisition, the insider owned 16,716,249 shares of the company’s stock, valued at approximately $437,297,073.84. This represents a 7.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GHP Investment Advisors Inc. lifted its stake in Blackstone by 3.5% in the second quarter. GHP Investment Advisors Inc. now owns 1,784 shares of the asset manager’s stock valued at $267,000 after buying an additional 61 shares during the period. WNY Asset Management LLC boosted its stake in Blackstone by 1.7% during the 2nd quarter. WNY Asset Management LLC now owns 3,852 shares of the asset manager’s stock worth $576,000 after acquiring an additional 64 shares during the last quarter. Redwood Financial Network Corp grew its holdings in Blackstone by 1.8% during the second quarter. Redwood Financial Network Corp now owns 3,588 shares of the asset manager’s stock valued at $537,000 after purchasing an additional 65 shares during the period. Obermeyer Wealth Partners raised its holdings in Blackstone by 2.3% in the third quarter. Obermeyer Wealth Partners now owns 2,993 shares of the asset manager’s stock worth $511,000 after purchasing an additional 66 shares during the period. Finally, Klingman & Associates LLC grew its holdings in shares of Blackstone by 0.4% in the 3rd quarter. Klingman & Associates LLC now owns 15,116 shares of the asset manager’s stock valued at $2,583,000 after buying an additional 67 shares during the period. 70.00% of the stock is currently owned by institutional investors.

Blackstone News Summary

Here are the key news stories impacting Blackstone this week:

• Positive Sentiment: Major shareholder Holdings IV GP Mana Blackstone bought 1,146,789 BX shares (~$30.0M) and raised its position ~7.4% to 16.7M shares, signaling insider conviction that can support sentiment. Insider filing
• Positive Sentiment: RBC Capital initiated coverage with an “Outperform” rating — fresh institutional coverage and a positive call can attract buyer interest and help re-rate the stock. RBC coverage
• Positive Sentiment: Blackstone Life Sciences agreed to co‑fund clinical development of an AML therapy (bleximenib). This expands BX’s venture/biotech exposure and could generate upside if portfolio assets advance or are realized. BXLS AML co-funding
• Neutral Sentiment: Coverage and commentaries are reframing the BX narrative as analysts reset valuation assumptions — helpful context for investors but mixed in directional impact depending on fee/fundraising outlook. Analyst valuation reset
• Neutral Sentiment: Several bullish theses and opinion pieces lay out long‑term upside (fee mix, realizations, growth areas). They provide constructive scenarios but are speculative and hinge on execution. Bull case (MSN) Bull case (Yahoo)
• Negative Sentiment: Broader negative pressure: recent analysis highlights sharp share-price declines, rising Treasury yields, sector anxiety about fundraising and fee realization — factors that have driven much of BX’s pullback and could continue to weigh on the stock. Valuation/sector anxiety

About Blackstone

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.