Latest news with #BX
Yahoo
06-08-2025
- Business
- Yahoo
Is Wall Street Bullish or Bearish on Blackstone Stock?
New York-based Blackstone Inc. (BX) operates as an alternative fund manager, specializing in private equity, real estate, public debt & equity investments, etc. Valued at $124.4 billion by market cap, Blackstone invests at various stages of a company or startup's life cycle, including early-stage, seed, middle market, mature, and late venture. The financial sector giant has notably outperformed the broader market over the past year but slightly underperformed in 2025. BX stock has surged 29.5% over the past 52 weeks and dipped 2.8% on a YTD basis, compared to the S&P 500 Index's ($SPX) 21.5% gains over the past year and 7.1% returns in 2025. More News from Barchart Options Traders Expected Palantir Stock's Tamest Earnings Reaction in a Year. Did They Get It Right? This High-Yield Dividend Stock Is Staging a Comeback. Should You Buy Shares Now? Palantir's Free Cash Flow Margins and Forecasts Rise - Where This Leaves PLTR Stock Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Narrowing the focus, Blackstone has also outperformed the industry-focused WHITEWOLF Publicly Listed Private Equity ETF's (LBO) 15.3% surge over the past year and 4% decline on a YTD basis. Blackstone's stock prices gained 3.6% in the trading session following the release of its impressive Q2 results on Jul. 24. Its AUM at the end of the quarter stood at $1.2 trillion, up 12.5% year-over-year. This gave a notable boost to the company's management and advisory fees, alongside the company reported significant growth in performance allocations and incentive fees. Overall, the asset manager's topline soared 32.7% year-over-year to $3.7 billion, exceeding Street expectations. Meanwhile, its distributable earnings increased 25% year-over-year to $1.6 billion, and distributable EPS of $1.21 surpassed the consensus estimates by 9%. For the full fiscal 2025, analysts expect BX to deliver a distributable EPS of $5, up 7.8% year-over-year. Moreover, the company has a solid earnings surprise history. It has surpassed the Street's bottom-line estimates in each of the past four quarters. BX stock has a consensus 'Moderate Buy' rating overall. Of the 21 analysts covering the stock, opinions include seven 'Strong Buys,' one 'Moderate Buy,' 12 'Holds,' and one 'Strong Sell.' This configuration is slightly less bullish than three months ago, when eight analysts gave 'Strong Buy' recommendations. On Jul. 28, Piper Sandler analyst Crispin Love maintained a 'Neutral' rating on the stock, while raising the price target from $157 to $181. Blackstone's mean price target of $179.65 suggests a 7.1% upside potential. Meanwhile, the Street-high target of $215 represents a 28.2% premium to current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
25-07-2025
- Business
- Yahoo
Lazard Q2 Earnings Top Estimates, Advisory Revenue & AUM Rise Y/Y
Lazard Inc.'s LAZ second-quarter 2025 adjusted earnings per share of 52 cents beat the Zacks Consensus Estimate of 38 cents. This compared favorably with earnings of 49 cents per share in the year-ago quarter. Lazard's results were positively impacted by increases in revenues in the financial advisory and asset management sectors. A rise in assets under management ('AUM') balances was another positive. However, a decrease in revenues in the corporate segment and elevated operating expenses acted as a spoilsport. Lazard's net income (GAAP) was $55.3 million, which rose 10.9% from the prior-year quarter's level. Lazard's Revenues Increase Y/Y Quarterly operating revenues were $769.8 million, which rose 12.4% year over year. Further, the top line surpassed the Zacks Consensus Estimate of $688.5 million. Lazard's Expenses Increase Operating expenses were $702.9 million, up 13.1% year over year. The ratio of adjusted compensation expenses to operating revenues was 65.5, down from the year-earlier quarter's 66. The ratio of adjusted non-compensation expenses to operating revenues was 20.4, down from the year-ago quarter's 21.7. Lazard's Segmental Performance The segment's adjusted operating revenues were $491.4 million, up 20.4% from the year-earlier quarter. Segmental adjusted operating revenues of $268.5 million increased 1.2% from the prior-year quarter. Adjusted operating revenues from this segment were $10 million, down 12.8% from the year-earlier quarter. LAZ's AUM Rises As of June 30, 2025, the total AUM was $248.4 billion, which increased 1.5% from the prior-year quarter. LAZ's second quarter witnessed a market appreciation of $11.9 billion, foreign exchange appreciation of $8.4 billion and net inflows of $0.7 billion. The average AUM in the reported quarter was $238.5 billion, down 2.8% year over year. Lazard's Balance Sheet Position Strong The company's cash and cash equivalents totaled $978.3 million as of June 30, 2025, up 7.7% from the prior quarter. Stockholders' equity was $786.5 million, up 21.3% sequentially. LAZ's Share Repurchase Update In the reported quarter, Lazard repurchased 0.9 million shares at an average price of $46.44 per share. As of June 30, 2025, roughly $160 million of authorization remained available for repurchase. Our View on LAZ Lazard is focused on growing organically, as evidenced by an increase in revenues in the financial advisory and asset management segments. A strong liquidity position, along with higher AUM, will also aid its financials in the upcoming period. However, an unfavorable debt/equity ratio will likely make capital distributions unsustainable. Lazard, Inc. Price, Consensus and EPS Surprise Lazard, Inc. price-consensus-eps-surprise-chart | Lazard, Inc. Quote Currently, Lazard carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Performance of Other Asset Managers Blackstone's BX second-quarter 2025 distributable earnings of $1.21 per share surpassed the Zacks Consensus Estimate of $1.10. The figure reflects a rise of 26% from the prior-year quarter. BX's results benefited from higher segment revenues and a rise in AUM balance. However, an increase in GAAP expenses was a headwind. BlackRock's BLK second-quarter 2025 adjusted earnings of $12.05 per share handily surpassed the Zacks Consensus Estimate of $10.66. The figure reflects a rise of 16% from the year-ago quarter. BLK's results benefited from a rise in revenues. AUM witnessed robust growth, reaching a record high of $12.52 trillion, driven by net inflows, market appreciation, and a favorable foreign exchange impact. However, higher expenses acted as a headwind. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Blackstone Inc. (BX) : Free Stock Analysis Report BlackRock (BLK) : Free Stock Analysis Report Lazard, Inc. (LAZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
24-07-2025
- Business
- Yahoo
Blackstone Sets Industry Record With $1.2 Trillion In Assets
Blackstone (NYSE:BX) shares surged Thursday after the alternative asset manager announced a powerful second quarter, handily surpassing analyst expectations with a 22% year-over-year (Y/Y) jump in segment revenues. The strong performance was fueled by a 25% increase in distributable earnings and robust growth across its key business segments, pushing the firm's total assets under management to a new industry record of over $1.2 trillion. Blackstone reported second-quarter fiscal year segment revenues of $3.075 billion, up 22% Y/Y, beating the analyst consensus estimate of $2.778 earnings (DE) rose 25% Y/Y to $1.57 billion. Fee-related earnings increased 31% Y/Y to $1.46 billion. Fee-related earnings rose 13% Y/Y in Real Estate, 12% Y/Y in the Credit & Insurance business, 87% Y/Y in the Private Equity, and 16% Y/Y in the Multi-Asset Investing segments. Net accrued performance revenue rose to $6.61 billion in the quarter from $6.21 billion in the prior year quarter. Distributable earnings per share of $1.21 (+26% Y/Y), beating the analyst consensus estimate of $1.08. View more earnings on BX Assets under management rose 13% Y/Y to $1.21 trillion, with inflows of $52.1 billion in the quarter. Blackstone declared a quarterly dividend per share of $1.03, payable on August 11, to shareholders of record as of August 4, 2025. The company repurchased 0.2 million shares in the quarter, with $1.8 billion in available authorization remaining as of June 30, 2025. As of June 30, 2025, Blackstone had $10.6 billion in total cash, cash equivalents, corporate treasury, and other investments. Chairman and CEO Stephen A. Schwarzman said Blackstone achieved strong second-quarter results, driven by broad growth across private wealth, credit and insurance, and infrastructure. He noted that the firm significantly increased earnings and pushed total assets under management to over $1.2 trillion, marking a new industry record. He emphasized that, above all, Blackstone continued to deliver strong investment performance for its limited partners, with the highest level of fund appreciation in nearly four years. Price Action: BX shares are trading higher by 4.50% to $179.69 at last check Thursday. Image via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Blackstone Sets Industry Record With $1.2 Trillion In Assets originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Reuters
24-07-2025
- Business
- Reuters
Blackstone CEO says preparing portfolio companies for IPOs
July 24 (Reuters) - Blackstone (BX.N), opens new tab CEO Stephen Schwarzman said on Thursday the asset manager is preparing some of its portfolio companies for initial public offerings over the next few quarters.
Yahoo
02-07-2025
- Business
- Yahoo
Jim Cramer on Blackstone: 'I Like Blackstone'
Blackstone Inc. (NYSE:BX) is one of the 14 stocks Jim Cramer recently looked at. Cramer expressed bullishness on the company during the episode when he said, 'I like Blackstone.' A successful real estate development, representing the company's extensive investments in the sector. Blackstone (NYSE:BX) is an alternative asset manager that invests across private equity, real estate, credit, hedge funds, and multi-asset strategies. The firm targets companies at all growth stages and offers capital markets services. In October 2024, Cramer stated that investing in the stock means backing the expertise of its executives, who are some of the smartest people in the business world. He commented: 'What about Blackstone, the enormous private equity firm that invests in everything from real estate to data centers? The knee-jerk Fed worshippers hear the name Blackstone, they think investments, and to them, any company that's all about investments is a company that lives and dies by the Fed. If retail sales are too strong, rates shoot up, as they did this morning. These eccentric stooges run from Blackstone. Never mind that Blackstone reported one terrific quarter, one that eventually sent the stock up more than 6%, new all-time high. While we acknowledge the potential of BX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None
