The Blackstone Group Inc. (NYSE:BX)’s traded shares stood at 1.82 million during the latest session, with the company’s beta value hitting 1.33. At the last check today, the stock’s price was $135.45, to imply an increase of 0.30% or $0.41 in intraday trading. The BX share’s 52-week high remains $135.75, putting it -0.22% down since that peak but still an impressive 63.63% since price per share fell to its 52-week low of $49.26. The company has a valuation of $163.25B, with an average of 3.02 million shares in intraday trading volume over the past 10 days and average of 3.83 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for The Blackstone Group Inc. (BX), translating to a mean rating of 2.10. Of 15 analyst(s) looking at the stock, 0 analyst(s) give BX a Sell rating. 1 of those analysts rate the stock as Overweight while 4 advise Hold as 10 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.88.
The Blackstone Group Inc. (NYSE:BX) trade information
After registering a 0.30% upside in the latest session, The Blackstone Group Inc. (BX) has traded red over the past five days. The stock hit a weekly high of 136.36 this Thursday, 09/16/21, jumping 0.30% in its intraday price action. The 5-day price performance for the stock is 4.35%, and 19.71% over 30 days. With these gigs, the year-to-date price performance is 108.36%. Short interest in The Blackstone Group Inc. (NYSE:BX) saw shorts transact 11.17 million shares and set a 3.3 days time to cover.
Analysts on Wall Street suggest a consensus price target of $116.68, implying a decrease of -16.09% to the stock’s recent value. The extremes give us $89.00 and $135.00 for target low and target high price respectively. As such, BX has been trading 0.33% off suggested target high and 34.29% from its likely low.
The Blackstone Group Inc. (BX) estimates and forecasts
Looking at statistics comparing The Blackstone Group Inc. share performance against respective industry, we note that the company has outperformed competitors. The Blackstone Group Inc. (BX) shares are 84.91% up over the last 6 months, with its year-to-date growth rate higher than industry average at 39.62% against 20.50%. Revenue is forecast to grow 39.70% this quarter before falling -0.90% for the next one. The rating firms project that company’s revenue will grow 37.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is $2.01 billion. Meanwhile, for the quarter ending Dec 2021, a total of 2 analyst(s) estimate revenue growth to $2.43 billion.Earnings reports from the last fiscal year show that sales brought in $1.46 billion and $2.8 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 37.70% before dropping -13.10% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 7.60% for the past 5-year period. While 2021 is set for a -50.50% return in earnings, projections for the next 5 years are at 21.09% annually.
The Blackstone Group Inc. has its next earnings report out between October 26 and November 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The Blackstone Group Inc. has a forward dividend ratio of 3.02, with the share yield ticking at 2.24% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 5.28%.
The Blackstone Group Inc. (NYSE:BX)’s Major holders
The Blackstone Group Inc. insiders hold 0.76% of total outstanding shares, with institutional holders owning 64.73% of the shares at 65.22% float percentage. In total, 64.73% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Jun 29, 2021, the company held over 39.34 million shares (or 5.74% of shares), all amounting to roughly $3.82 billion.
The next major institution holding the largest number of shares is Blackrock Inc. with 30.58 million shares, or about 4.46% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $2.97 billion.
We also have Vanguard Total Stock Market Index Fund and Fundamental Investors Inc as the top two Mutual Funds with the largest holdings of the The Blackstone Group Inc. (BX) shares. Going by data provided on Mar 30, 2021, Vanguard Total Stock Market Index Fund holds roughly 19.28 million shares. This is just over 2.81% of the total shares, with a market valuation of $1.44 billion. Data from the same date shows that the other fund manager holds a little less at 12.33 million, or 1.80% of the shares, all valued at about 1.2 billion.