Blackstone Inc (NYSE: BX) is 5.28% higher on its value in year-to-date trading and has touched a low of $113.99 and a high of $200.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BX stock was last observed hovering at around $179.95 in the last trading session, with the day’s gains setting it 1.57%.
Currently trading at $181.52, the stock is 4.76% and 0.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.21 million and changing 0.87% at the moment leaves the stock 23.51% off its SMA200. BX registered 57.26% gain for a year compared to 6-month gain of 31.74%. The firm has a 50-day simple moving average (SMA 50) of $180.4996 and a 200-day simple moving average (SMA200) of $147.1312.
The stock witnessed a -0.87% loss in the last 1 month and extending the period to 3 months gives it a 7.22%, and is 9.50% up 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 1.74% over the week and 2.68% over the month.
Blackstone Inc (BX) has around 4735 employees, a market worth around $220.16B and $10.52B in sales. Current P/E ratio is 62.40 and Fwd P/E is 31.50. Profit margin for the company is 21.15%. Distance from 52-week low is 59.25% and -9.67% from its 52-week high. The company has generated returns on investments over the last 12 months (11.80%).
with sales reaching $3.88B over the same period.The EPS is expected to grow by 12.12% this year, but quarterly earnings will post 17.82% year-over-year. Quarterly sales are estimated to grow 53.23% in year-over-year returns.
Blackstone Inc (BX) Top Institutional Holders
2397.0 institutions hold shares in Blackstone Inc (BX), with institutional investors hold 75.41% of the company’s shares. The shares outstanding are 730.70M, and float is at 714.67M with Short Float at 1.86%. Institutions hold 74.67% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 65.14 million shares valued at $8.06 billion. The investor’s holdings represent 8.5735% of the BX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 47.26 million shares valued at $5.85 billion to account for 6.2204 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 37.15 million shares representing 4.8901% and valued at over $4.6 billion, while STATE STREET CORP holds 3.9052 of the shares totaling 29.67 million with a market value of $3.67 billion.
Blackstone Inc (BX) Insider Activity
The most recent transaction is an insider sale by Blackstone Holdings IV L.P., the company’s 10% Owner. SEC filings show that Blackstone Holdings IV L.P. sold 335,487 shares of the company’s common stock on Dec 12 ’24 at a price of $81.17 per share for a total of $27.23 million. Following the sale, the insider now owns 0.2 million shares.
Blackstone Inc disclosed in a document filed with the SEC on Nov 07 ’24 that Finley John G (Chief Legal Officer) sold a total of 42,249 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $175.94 per share for $7.43 million. Following the transaction, the insider now directly holds 0.39 million shares of the BX stock.
Still, SEC filings show that on Nov 07 ’24, Finley John G (Officer) Proposed Sale 42,249 shares at an average price of $175.94 for $7.43 million. The insider now directly holds shares of Blackstone Inc (BX).
