In the latest trading session,, 1.12 million Blackstone Inc (NYSE:BX) shares changed hands as the company’s beta touched 1.66. With the company’s most recent per share price at $128.67 changed hands at -$4.87 or -3.65% at last look, the market valuation stands at $156.08B. BX’s current price is a discount, trading about -55.65% off its 52-week high of $200.28. The share price had its 52-week low at $114.76, which suggests the last value was 10.81% up since then. When we look at Blackstone Inc’s average trading volume, we note the 10-day average is 5.11 million shares, with the 3-month average coming to 5.27 million.
Analysts gave the Blackstone Inc (BX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.24. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended BX as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight.
Blackstone Inc (NYSE:BX) trade information
Instantly BX was in red as seen in intraday trades today. With action 1.31%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -25.12%, with the 5-day performance at 1.31% in the green. However, in the 30-day time frame, Blackstone Inc (NYSE:BX) is -7.95% down. Looking at the short shares, we see there were 11.21 million shares sold at short interest cover period of 1.67 days.
The consensus price target for the stock as assigned by Wall Street analysts is 192, meaning bulls need an upside of 32.98% from its recent market value. According to analyst projections, BX’s forecast low is 192 with 192 as the target high. To hit the forecast high, the stock’s price needs a -49.22% plunge from its current level, while the stock would need to soar -49.22% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.62%. The 2025 estimates are for Blackstone Inc earnings to increase by 4.30%, but the outlook for the next 5-year period is at 19.28% per year.
BX Dividends
Blackstone Inc is expected to release its next quarterly earnings report on 2025-Apr-16. The 2.01% annual yield figure for the share gives it an annual dividend of 2.58. It is important to note, however, that the 2.01% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.4 per year.
Blackstone Inc (NYSE:BX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.98% of Blackstone Inc shares while 70.34% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 71.04%. There are 70.34% institutions holding the Blackstone Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.4688% of the shares, roughly 65.14 million BX shares worth $8.06 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.1445% or 47.26 million shares worth $5.85 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 22.62 shares estimated at $2.91 billion under it, the former controlled 3.10% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.68% of the shares, roughly 19.54 shares worth around $2.52 billion.
