KBW has increased the price target for Blackstone (BX) following a strong earnings beat. Blackstone has experienced a significant increase in stock positions by PGIM Custom Harvest LLC, along with many other firm such as Corient IA LLC and Steward Partners Investment Advisory LLC. However, insiders at Blackstone have sold US$38m in stock, indicating potential weakness. The firm is currently facing challenges with a €6 billion Cognita deal on the brink of collapse which has contributed to a six-day loss streak for Blackstone's stock. Blackstone acquired electrical equipment service firm, Shermco for $1.6 billion and has submitted a bid for Statkraft's India Wind and Solar assets amounting to US$1.5 billion. There are talks of a prospective takeover of Iress Limited by Blackstone, notwithstanding, Blackstone's stock yield is dropping. In spite of mixed market signals and insider selling, analysts remain bullish on Blackstone. Finally, Blackstone has increased its dividend payout which benefits shareholders and shows strong financial performance.
Blackstone BX News Analytics from Mon, 03 Feb 2025 08:00:00 GMT to Sat, 23 Aug 2025 19:09:35 GMT -
Rating 2
- Innovation 6
- Information 7
- Rumor 3
