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

Blackstone (NYSE:BX) had its price objective decreased by research analysts at Barclays from $192.00 to $186.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Barclays‘s price objective suggests a potential upside of 4.63% from the stock’s current price.

BX has been the subject of several other reports. BMO Capital Markets raised their price objective on Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. TD Cowen raised Blackstone from a “hold” rating to a “buy” rating and raised their price target for the stock from $149.00 to $230.00 in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised their price target on Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price target on Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, Bank of America raised their price target on Blackstone from $171.00 to $192.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $169.19.

Blackstone Trading Down 4.1 %

Shares of BX stock opened at $177.78 on Friday. The company has a market cap of $128.35 billion, a PE ratio of 61.09, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. Blackstone has a 1 year low of $115.82 and a 1 year high of $200.96. The stock’s 50 day simple moving average is $180.59 and its two-hundred day simple moving average is $161.95. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71.

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

Insider Activity

In related news, insider John G. Finley sold 42,249 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the transaction, the insider now directly owns 387,137 shares in the company, valued at $68,112,883.78. The trade was a 9.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. West Financial Advisors LLC acquired a new stake in Blackstone during the 3rd quarter worth about $27,000. Bangor Savings Bank lifted its holdings in shares of Blackstone by 187.5% in the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after buying an additional 105 shares during the period. Hager Investment Management Services LLC purchased a new position in Blackstone during the fourth quarter valued at approximately $28,000. Berbice Capital Management LLC acquired a new stake in shares of Blackstone during the 4th quarter worth approximately $34,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Blackstone during the 4th quarter worth approximately $34,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

About Blackstone

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.