Blackstone Inc (BX) is looking forward to a strong quarter

With 2.38 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.6 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $119.97 whereas the lowest price it dropped to was $117.08. The 52-week range on BX shows that it touched its highest point at $133.08 and its lowest point at $84.76 during that stretch. It currently has a 1-year price target of $124.12. With its current market cap of 144.72 billion, BX has annualized dividend of $1.52 while the current yield stands at 1.27%. BX paid its most recent dividend on 1714089600, while the ex-dividend date for that was 1714089600. Beta for the stock currently stands at 1.50.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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 0.41%, but this was down by -2.71% over a month. Three-month performance dropped to -3.56% while six-month performance rose 6.03%. The stock gained 37.26% in the past year, while it has lost -7.79% so far this year. A look at the trailing 12-month EPS for BX yields 2.84 with Next year EPS estimates of 5.98. For the next quarter, that number is 1.05. This implies an EPS growth rate of 20.91% for this year and 25.28% for next year. EPS is expected to grow by 22.59% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.02%.

Float and Shares Shorts:

At present, 719.36 million BX shares are outstanding with a float of 707.17 million shares on hand for trading. On 2024-05-15, short shares totaled 18.14 million, which was 241.0 higher than short shares on 1713139200. 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 General Partner, President, COO & Director.

Institutional Ownership:

Through their ownership of 0.70492 of BX’s outstanding shares, institutional investors have minority control over the company.

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.