Understanding Asset Managers’ Recent Valuations
Blackstone Group (BX) has a one-year price estimate of $40.00 per share, reflecting an ~24.4% increase from the stock’s current price. Blackstone has a one-year forward price-to-cash-flow ratio of ~9.9x, which is higher than the ratios reported by other alternative asset managers (XLF). Its peers have the following one-year forward price-to-cash-flow ratios:
Interested in STT? Don't miss the next report.
Receive e-mail alerts for new research on STT
With respect to traditional asset managers, BlackRock Group has a one-year forward price-to-cash-flow ratio of ~14.7x, which is higher than the ratios reported by its peers. Other traditional asset managers have the following one-year forward price-to-cash-flow ratios:
- Invesco Limited (IVZ): ~10.8x
- State Street Corporation (STT): ~11.5x
- Franklin Resources (BEN): ~14.2x
Wall Street analysts gave a one-year price target of $452.50 per share for BlackRock Group (BLK) stock, which reflects an increase of ~6.7% from its current price.
One-year price targets
Wall Street analysts gave a one-year price target of $38.50 per share on Invesco Limited (IVZ), representing an increase of ~19.9% from the current price. Other asset managers gave the following one-year price targets: