TD Cowen Remains a Buy on Blackstone Group (BX)

TD Cowen analyst William Katz maintained a Buy rating on Blackstone Group today and set a price target of $164.00.

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Katz covers the Financial sector, focusing on stocks such as CME Group, Franklin Resources, and LPL Financial. According to TipRanks, Katz has an average return of 8.1% and a 55.49% success rate on recommended stocks.

In addition to TD Cowen, Blackstone Group also received a Buy from TipRanks – Google’s Google Asset Management in a report issued on March 25. However, on the same day, TipRanks – xAI reiterated a Hold rating on Blackstone Group (NYSE: BX).

Based on Blackstone Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.36 billion and a net profit of $1.02 billion. In comparison, last year the company earned a revenue of $2.82 billion and had a net profit of $703.87 million

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BX in relation to earlier this year. Last month, Ruth Porat, a Director at BX bought 523.00 shares for a total of $68,342.55.