Currently, there are 719.36M common shares owned by the public and among those 707.56M shares have been available to trade.
The company’s stock has a 5-day price change of -0.81% and 4.87% over the past three months. BX shares are trading -4.07% year to date (YTD), with the 12-month market performance up to 46.69% higher. It has a 12-month low price of $77.94 and touched a high of $132.88 over the same period. BX has an average intraday trading volume of 3.70 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.90%, 0.80%, and 15.59% respectively.
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Institutional ownership of Blackstone Inc (NYSE: BX) shares accounts for 41.75% of the company’s 719.36M shares outstanding.
It has a market capitalization of $151.45B and a beta (3y monthly) value of 1.50. The stock’s trailing 12-month PE ratio is 68.07, while the earnings-per-share (ttm) stands at $1.84. The company has a PEG of 3.10 and the debt-to-equity ratio at 1.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.23% over the week and 2.01% over the month.
Analysts forecast that Blackstone Inc (BX) will achieve an EPS of $0.98 for the current quarter, $1.09 for the next quarter and $6.15 for 2025. The lowest estimate earnings-per-share for the quarter is $0.86 while analysts give the company a high EPS estimate of $1.07. Comparatively, EPS for the current quarter was $0.97 a year ago. Earnings per share for the fiscal year are expected to increase by 25.31%, and 23.55% over the next financial year. EPS should grow at an annualized rate of 21.98% over the next five years, compared to -4.02% over the past 5-year period.
Looking at the support for the BX, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on January 19, 2024, with the firm’s price target at $116-$124. TD Cowen was of a view on January 04, 2024 that the stock is Market Perform, while Goldman gave the stock Neutral rating on January 03, 2024, issuing a price target of $115- $128. Piper Sandler on their part issued Overweight rating on December 20, 2023.
