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Blackstone Inc. (NYSE:BX – Get Rating) – Oppenheimer has raised its 2022 EPS estimate for Blackstone in a report issued Wednesday, Jan. 25. Oppenheimer analyst C. Kotowski now expects the asset manager to post earnings of $5.07 per share for the year, up from his previous forecast of $5.02. Blackstone’s current consensus estimate for annual earnings is $5.07 per share. Oppenheimer also estimates Blackstone’s fourth-quarter 2022 earnings at EPS of $0.97, and earnings for fiscal 2024 at EPS of $6.17.
Other research analysts have also recently published reports on equities. Piper Sandler lowered his price target on Blackstone stock to $111.00 from her $114.00, setting an “overweight” rating in a research note on Wednesday, Dec. 21. Barclays, in her report on Thursday, January 12, raised its price target on Blackstone shares from $80.00 to $86.00, giving the company an “equal-weighted” rating. Deutsche Bank Aktiengesellschaft raised its price target on Blackstone shares from $127.00 to $128.00, giving the company a Buy rating in its report on Tuesday, November 15th. BMO Capital Markets lowered its price target on Blackstone shares from $90.00 to $85.00 in its Thursday, January 5 report, giving it a “market performing” rating. Finally, Argus lowered his price target on Blackstone stock from $137.00 to $115.00 in his Tuesday, October 25 report. Two analysts rated the stock with a sell rating, six gave a hold rating, and nine analysts gave the company’s stock a buy rating. According to MarketBeat, Blackstone’s current consensus rating is “hold” with an average target price of $109.03.
Blackstone Stock Up 5.6 %
NYSE BX shares opened Friday at $93.81. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt to equity ratio of 0.52. Blackstone has a 52-week low of $71.72 and a 52-week high of $138.95. The company has a 50-day moving average of $81.77 and a 200-day moving average of $90.27. The company has a market capitalization of $65.83 billion, a price/earnings ratio of 26.50, a PEG ratio of 2.74 and a beta of 1.47.
Hedge Fund Considers Blackstone
A number of hedge funds have recently bought and sold shares in this business. Mach 1 Financial Group LLC purchased approximately $25,000 worth of new Blackstone stock in the third quarter. SJS Investment Consulting Inc. purchased approximately $26,000 worth of new Blackstone stock in the third quarter. HWG Holdings LP purchased approximately $28,000 worth of new Blackstone shares in the third quarter. Ameliora Wealth Management Ltd. purchased approximately $29,000 worth of new Blackstone shares in the third quarter. Finally, Vermont’s Trust Co. increased his Blackstone stock position by 133.3% in the third quarter. The Vermont Trust now owns 350 of his shares in the asset management company, worth $30,000, after purchasing an additional 200 shares of him during the last quarter. Hedge funds and other institutional investors own 62.39% of the company’s shares.
insider trading
In related news, major shareholder Holdings LP Blackstone III sold 65,000 shares in the company in a transaction on Monday, October 31st. The shares were sold at an average price of $33.42 for a total of $2,172,300.00. After the transaction, insiders now own 11,205,000 shares of the company’s stock valued at approximately $374,471,100. The sale is disclosed in documents filed with the SEC, which can be accessed on his website. In other Blackstone news, major shareholder Holdings I/Ii Gp L. Blackstone sold 6,341,568 shares in the company in a transaction on Wednesday, December 14th. The shares were sold at an average price of $8.00 for a total of $50,732,544.00. Following the closing of the transaction, insiders now own 83,109 shares of the Company’s stock valued at approximately $664,872. The sale was disclosed in legal filings with the SEC available at this link. Also, major shareholder Holdings LP Blackstone III sold 65,000 shares in the company in a transaction on Monday, October 31st. The shares were sold at an average price of $33.42 for a total of $2,172,300.00. Following the closing of the transaction, insiders now directly own 11.205 million shares of the Company’s stock valued at approximately $374,471,100. Please see here for the disclosure of this sale. An insider said last quarter he sold 19,249,439 shares of company stock worth $170,922,646. A corporate insider owns his 1.00% of the company’s shares.
About Blackstone
(get rating)
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 company typically invests in early stage companies. We also provide capital markets services.
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