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

Blackstone Inc. (NYSE: BX) stock fell -0.68% on Wednesday to $83.16 against a previous-day closing price of $83.73. With 2.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.95 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $83.58 whereas the lowest price it dropped to was $81.06. The 52-week range on BX shows that it touched its highest point at $122.68 and its lowest point at $71.72 during that stretch. It currently has a 1-year price target of $99.15. With its current market cap of 101.40 billion, BX has annualized dividend of $3.90 while the current yield stands at 4.69%. Beta for the stock currently stands at 1.49.

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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 down-trending over the past week, with a drop of -0.67%, but this was down by -3.78% over a month. Three-month performance dropped to -8.64% while six-month performance fell -7.45%. The stock lost -23.01% in the past year, while it has gained 12.09% so far this year. A look at the trailing 12-month EPS for BX yields 0.83 with Next year EPS estimates of 5.97. For the next quarter, that number is 0.94. This implies an EPS growth rate of -71.00% for this year and 36.07% for next year. EPS is expected to grow by 9.82% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.80%.

Float and Shares Shorts:

At present, 746.07 million BX shares are outstanding with a float of 700.29 million shares on hand for trading. On Apr 27, 2023, short shares totaled 24.41 million, which was 3.30% higher than short shares on Mar 30, 2023. 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 63.99% of BX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 34.20% of BX, in contrast to 31.78% held by mutual funds. Shares owned by individuals account for 0.92%. As the largest shareholder in BX with 6.59% of the stake, The Vanguard Group, Inc. holds 46,562,914 shares worth 46,562,914. A second-largest stockholder of BX, Capital Research & Management Co, holds 32,193,693 shares, controlling over 4.56% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in BX, holding 28,217,667 shares or 4.00% stake. With a 3.12% stake in BX, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 22,069,356 shares are owned by the mutual fund manager. The Schwab US Dividend Equity ETF, which owns about 1.46% of BX stock, is the second-largest Mutual Fund holder. It holds 10,327,352 shares valued at 922.54 million. Vanguard Extended Market Index Fu holds 1.40% of the stake in BX, owning 9,877,398 shares worth 882.35 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BX since 0 analysts follow the stock currently. 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 $115.00 and a low target of $70.50, the average target price over the next 12 months is $99.08. Based on these targets, BX could surge 38.29% to reach the target high and fall by -15.22% to reach the target low. Reaching the average price target will result in a growth of 19.14% 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.

Summary of Insider Activity:

Insiders traded BX stock several times over the past three months with 5 Buys and 2 Sells. In these transactions, 608,176 shares were bought while 85,000 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 1,052,997 while 360,745 shares were sold.

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