Blackstone Inc (NYSE: BX) is -0.92% lower on its value in year-to-date trading and has touched a low of $115.15 and a high of $200.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BX stock was last observed hovering at around $173.54 in the last trading session, with the day’s loss setting it -2.71%.
Currently trading at $170.83, the stock is -3.52% and -5.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.28 million and changing -1.56% at the moment leaves the stock 14.06% off its SMA200. BX registered 39.42% gain for a year compared to 6-month gain of 28.72%. The firm has a 50-day simple moving average (SMA 50) of $181.0536 and a 200-day simple moving average (SMA200) of $149.9188.
The stock witnessed a -1.68% loss in the last 1 month and extending the period to 3 months gives it a 1.84%, and is -7.95% 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 3.71% over the week and 2.69% over the month.
Blackstone Inc (BX) has around 4735 employees, a market worth around $206.92B and $11.12B in sales. Current P/E ratio is 47.13 and Fwd P/E is 24.59. Profit margin for the company is 24.98%. Distance from 52-week low is 48.36% and -14.99% from its 52-week high. The company has generated returns on investments over the last 12 months (13.54%).
with sales reaching $2.94B over the same period.The EPS is expected to grow by 22.29% this year, but quarterly earnings will post 22.04% year-over-year. Quarterly sales are estimated to grow 15.48% in year-over-year returns.
Blackstone Inc (BX) Top Institutional Holders
2436.0 institutions hold shares in Blackstone Inc (BX), with institutional investors hold 72.35% of the company’s shares. The shares outstanding are 731.93M, and float is at 714.64M with Short Float at 1.74%. Institutions hold 71.65% 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).
