Blackstone Inc. (BX) Performance and Fundamentals Dashboard tells a completely different story

Blackstone Inc. (NYSE: BX) stock jumped 0.52% on Friday to $101.09 against a previous-day closing price of $100.57. With 3.35 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.98 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $102.42 whereas the lowest price it dropped to was $100.31. The 52-week range on BX shows that it touched its highest point at $149.78 and its lowest point at $86.97 during that stretch. It currently has a 1-year price target of $121.00. With its current market cap of 117.86 billion, BX has annualized dividend of $5.83 while the current yield stands at 5.77%. Beta for the stock currently stands at 1.46.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BX was up-trending over the past week, with a rise of 3.45%, but this was up by 7.51% over a month. Three-month performance dropped to -6.07% while six-month performance fell -25.09%. The stock lost -12.22% in the past year, while it has lost -21.87% so far this year. A look at the trailing 12-month EPS for BX yields 5.48 with Next year EPS estimates of 5.82. For the next quarter, that number is 1.01. This implies an EPS growth rate of 442.50% for this year and 11.67% for next year. EPS is expected to grow by 15.31% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 39.10%.

Float and Shares Shorts:

At present, 734.33 million BX shares are outstanding with a float of 705.28 million shares on hand for trading. On Jul 14, 2022, short shares totaled 13.61 million, which was 1.83% higher than short shares on Jun 14, 2022. In addition to Mr. Stephen Allen Schwarzman B.A., M.B.A. as the firm’s Chairman, CEO & Co-Founder, Mr. Jonathan D. Gray CIMA serves as its Gen. Partner, Pres, COO & Director.

Institutional Ownership:

Through their ownership of 64.63% of BX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 36.41% of BX, in contrast to 27.93% held by mutual funds. Shares owned by individuals account for 0.82%. As the largest shareholder in BX with 6.20% of the stake, The Vanguard Group, Inc. holds 43,461,770 shares worth 43,461,770. A second-largest stockholder of BX, BlackRock Fund Advisors, holds 28,093,018 shares, controlling over 4.01% of the firm’s shares. Morgan Stanley Smith Barney LLC is the third largest shareholder in BX, holding 19,029,750 shares or 2.72% stake. With a 2.95% stake in BX, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 20,662,468 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.35% of BX stock, is the second-largest Mutual Fund holder. It holds 9,422,337 shares valued at 859.6 million. Vanguard Wellington Fund holds 1.03% of the stake in BX, owning 7,214,938 shares worth 658.22 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BX since 17 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BX analysts setting a high price target of $147.00 and a low target of $102.00, the average target price over the next 12 months is $121.00. Based on these targets, BX could surge 45.41% to reach the target high and rise by 0.9% to reach the target low. Reaching the average price target will result in a growth of 19.7% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BX will report FY 2022 earnings on 01/26/2023. Analysts have provided yearly estimates in a range of $5.50 being high and $4.64 being low. For BX, this leads to a yearly average estimate of $5.14. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Blackstone Inc. surprised analysts by $0.07 when it reported $1.49 EPS against a consensus estimate of $1.42. The surprise factor in the prior quarter was $0.49. Based on analyst estimates, the high estimate for the next quarter is $1.17 and the low estimate is $0.90. The average estimate for the next quarter is thus $1.00.

Summary of Insider Activity:

Insiders traded BX stock several times over the past three months with 9 Buys and 3 Sells. In these transactions, 22,360 shares were bought while 29,812 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 9,693,119 while 9,352,663 shares were sold.

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