The Blackstone Group Inc. (BX) Analysis & Forecast for January 2021

The Blackstone Group Inc. (NYSE: BX) is 15.86% higher on its value in year-to-date trading and has touched a low of $33.00 and a high of $65.75 in the current 52-week trading range. The BX stock was last observed hovering at around $64.70 in the last trading session, with the day’s gains setting it 0.11% off its average median price target of $64.00 for the next 12 months. It is also 12.42% off the consensus price target high of $74.00 offered by 18 analysts, but current levels are -27.08% lower than the price target low of $51.00 for the same period.

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Currently trading at $64.81, the stock is 1.67% and 9.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing 0.17% at the moment leaves the stock 19.70% off its SMA200. BX registered 16.15% gain for a year compared to 6-month gain of 17.01%. The firm has a 50-day simple moving average (SMA 50) of $62.17 and a 200-day simple moving average (SMA200) of $55.93.

The stock witnessed a 7.27% loss in the last 1 month and extending the period to 3 months gives it a 21.12%, and is -0.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.25% over the week and 1.88% over the month.

The Blackstone Group Inc. (BX) has around 2905 employees, a market worth around $77.25B and $4.56B in sales. Current P/E ratio is 87.58 and Fwd P/E is 21.85. Profit margin for the company is 17.10%. Distance from 52-week low is 96.39% and -1.43% from its 52-week high. The company has generated returns on investments over the last 12 months (18.80%).

The Blackstone Group Inc. (BX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for The Blackstone Group Inc. (BX) is a “Buy”. 18 analysts offering their recommendations for the stock have an average rating of 2.00, where 4 rate it as a Hold and 0 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

The Blackstone Group Inc. is expected to release its quarterly report on 04/22/2021 and quarterly earnings per share for the current quarter are estimated at $0.84 with sales reaching $2.22B over the same period.The EPS is expected to grow by 34.10% this year, but quarterly earnings will post 1.20% year-over-year. Quarterly sales are estimated to grow 23.60% in year-over-year returns.

The Blackstone Group Inc. (BX) Top Institutional Holders

1,254 institutions hold shares in The Blackstone Group Inc. (BX), with 4.84M shares held by insiders accounting for 0.70% while institutional investors hold 64.08% of the company’s shares. The shares outstanding are 700.19M, and float is at 692.54M with Short Float at 1.26%. Institutions hold 63.63% of the Float.

The top institutional shareholder in the company is Wellington Management Company, LLP with over 42.9 million shares valued at $2.24 billion. The investor’s holdings represent 6.37% of the BX Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 37.1 million shares valued at $1.94 billion to account for 5.50% of the shares outstanding. The other top investors are Blackrock Inc. which holds 20.25 million shares representing 3.00% and valued at over $1.06 billion, while Janus Henderson Group PLC holds 2.85% of the shares totaling 19.19 million with a market value of $1.0 billion.

The Blackstone Group Inc. (BX) Insider Activity

The most recent transaction is an insider purchase by Blackstone Holdings II L.P., the company’s 10% Owner. SEC filings show that Blackstone Holdings II L.P. bought 73,359 shares of the company’s common stock on Dec 30 at a price of $33.98 per share for a total of $2.49 million. Following the purchase, the insider now owns 2.32 million shares.

The Blackstone Group Inc. disclosed in a document filed with the SEC on Oct 21 that Blackstone BDC Holdings LLC (10% Owner) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Oct 21 and was made at $25.00 per share for $50000.0. Following the transaction, the insider now directly holds 2060.0 shares of the BX stock.

Still, SEC filings show that on Sep 29, Clarus Lifesciences III, L.P. (10% Owner) acquired 250,000 shares at an average price of $16.00 for $4.0 million. The insider now directly holds 1,930,395 shares of The Blackstone Group Inc. (BX).

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