Blackstone Inc. has recently seen significant insider transactions, drawing attention from investors and analysts. These transactions provide insight into market sentiment regarding the company's future performance.
An insider now holds 429,386 shares of the company, valued at approximately $56.57 million. This transaction reflects a 0.00% change in ownership, indicating stability in the insider's stake.
Director Joseph Baratta sold 116,448 shares of Blackstone stock at an average price of $150.81, resulting in a total transaction value of $17.56 million. Baratta retains ownership of 799,749 shares, valued at approximately $120.61 million, with no change in ownership.
Institutional investors currently hold 70.00% of Blackstone's stock, indicating confidence in its long-term prospects.
UBS Group raised its price objective to $160.00, maintaining a "neutral" rating. Bank of America increased its target to $145.00, and Morgan Stanley lifted its price objective to $177.00, both assigning favorable ratings.
The consensus among analysts leans towards a "Hold" rating, with twelve analysts recommending this stance while six suggest a "Buy." The average price target is $137.47.
Blackstone's recent earnings report showed earnings of $0.96 per share, slightly missing estimates, but with a substantial revenue of $3.69 billion, exceeding expectations. The firm's net margin stands at 19.35%, with a return on equity of 17.43%. Analysts forecast earnings of $4.46 per share for the current fiscal year.
Blackstone's stock has shown activity, trading up to $158.93. The company has a market capitalization of $113.58 billion, a PE ratio of 56.06, and a PEG ratio of 1.24. The stock has experienced a twelve-month low of $88.59 and a high of $161.25. The firm has a debt-to-equity ratio of 0.60, along with current and quick ratios of 0.77, indicating a stable financial position.
As Blackstone continues to navigate the financial landscape, its performance will be closely monitored by analysts and investors.