Blackstone Inc (NYSE:BX) has a beta value of 1.66 and has seen 0.59 million shares traded in the recent trading session. The company, currently valued at $150.10B, closed the recent trade at $123.74 per share which meant it gained $3.52 on the day or 2.93% during that session. The BX stock price is -61.86% off its 52-week high price of $200.28 and 7.26% above the 52-week low of $114.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.37 million shares traded. The 3-month trading volume is 5.10 million shares.
The consensus among analysts is that Blackstone Inc (BX) is Buy stock at the moment, with a recommendation rating of 2.29. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 12 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.09.
Blackstone Inc (NYSE:BX) trade information
Sporting 2.93% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BX stock price touched $123.74 or saw a rise of 8.41%. Year-to-date, Blackstone Inc shares have moved -27.99%, while the 5-day performance has seen it change -5.16%. Over the past 30 days, the shares of Blackstone Inc (NYSE:BX) have changed -16.56%. Short interest in the company has seen 9.99 million shares shorted with days to cover at 2.03.
Wall Street analysts have a consensus price target for the stock at $192, which means that the shares’ value could jump 35.55% from the levels at last check today.. The projected low price target is $192.0 while the price target rests at a high of $192.0. In that case, then, we find that the latest price level in today’s session is -55.16% off the targeted high while a plunge would see the stock gain -55.16% from the levels at last check today..
Blackstone Inc (BX) estimates and forecasts
The company’s shares have lost -26.66% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 8.30%.
7 analysts offering their estimates for the company have set an average revenue estimate of 2.8B for the current quarter. 7 have an estimated revenue figure of 3.22B for the next ending quarter. Year-ago sales stood 2.52B and 2.43B respectively for this quarter and the next, and analysts expect sales will grow by 11.15% for the current quarter and 8.30% 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 3.62% over the past 5 years. Earnings growth for 2025 is a modest 5.59% while over the next 5 years, the company’s earnings are expected to increase by 19.25%.
BX Dividends
Blackstone Inc is expected to release its next earnings report on 2025-Apr-16 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.04 at a share yield of 1.65%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.4%.
Blackstone Inc (NYSE:BX)’s Major holders
Insiders own 0.98% of the company shares, while shares held by institutions stand at 70.43% with a share float percentage of 71.12%. Investors are also buoyed by the number of investors in a company, with Blackstone Inc having a total of 2575.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 65.14 million shares worth more than $8.06 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.4688% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 47.26 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.85 billion and represent 6.1445% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . As of Dec 31, 2024 , the former fund manager holds about 3.10% shares in the company for having 22.62 shares of worth $2.79 billion while later fund manager owns 19.54 shares of worth $2.41 billion as of Dec 31, 2024 , which makes it owner of about 2.68% of company’s outstanding stock.
