Blackstone Inc (NYSE:BX) has a beta value of 1.49 and has seen 3.26 million shares traded in the last trading session. The company, currently valued at $159.97B, closed the last trade at $132.00 per share which meant it gained $2.68 on the day or 2.07% during that session. The BX stock price is -1.18% off its 52-week high price of $133.56 and 40.23% above the 52-week low of $78.89. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.4 million shares traded. The 3-month trading volume is 3.67 million shares.
Blackstone Inc (NYSE:BX) trade information
Sporting 2.07% in the green in last session, the stock has traded in the green over the last five days, when the BX stock price touched $132.00 or saw a rise of 0.07%. Year-to-date, Blackstone Inc shares have moved 1.32%, while the 5-day performance has seen it change 4.50%. Over the past 30 days, the shares of Blackstone Inc (NYSE:BX) have changed 4.77%. Short interest in the company has seen 23.64 million shares shorted with days to cover at 5.43.
Blackstone Inc (BX) estimates and forecasts
Figures show that Blackstone Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 26.70% over the past 6 months, with this year growth rate of 24.30%, compared to 11.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 1.00% and 16.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 27.30%.
4 analysts offering their estimates for the company have set an average revenue estimate of $2.53 billion for the current quarter. 4 have an estimated revenue figure of $2.75 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $2.49 billion and $2.35 billion respectively for this quarter and the next, and analysts expect sales will grow by 1.60% for the current quarter and 17.20% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -4.02% over the past 5 years. Earnings growth for 2024 is a modest 24.49% while over the next 5 years, the company’s earnings are expected to increase by 22.59%.
BX Dividends
Blackstone Inc is expected to release its next earnings report on April 18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.35 at a share yield of 2.54%. The company’s dividend yield has gone up over the past 12 months.
Blackstone Inc (NYSE:BX)’s Major holders
Insiders own 0.96% of the company shares, while shares held by institutions stand at 71.12% with a share float percentage of 71.81%. Investors are also buoyed by the number of investors in a company, with Blackstone Inc having a total of 2,201 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 47.7 million shares worth more than $4.43 billion. As of Jun 29, 2023, Vanguard Group Inc held 6.72% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 35.4 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $3.29 billion and represent 4.99% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Schwab Strategic Tr-Schwab U.S. Dividend Equity ETF. As of Jun 29, 2023, the former fund manager holds about 3.10% shares in the company for having 22.03 million shares of worth $2.05 billion while later fund manager owns 10.38 million shares of worth $889.11 million as of May 30, 2023, which makes it owner of about 1.46% of company’s outstanding stock.
