There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Blackstone Inc. (BX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$2.69, or -2.96%, to $88.25. Volume reached 121,994 shares, with price reaching a high of $91 and a low of $87.9. The stock was recently discussed on Yahoo Finance as it revealed that Blackstone Announces Commitment to 2,000 Refugee Hires Across Global Portfolio Companies and Real Estate Properties.
This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $88.77 and fluctuated between $94.00 as its day high and $88.73 as its day low. The current market capitalization of Blackstone Inc. is $110.62B. A total of 3.64 million shares were traded on the day, compared to an average of 3.80M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, BX has seen 5 BUY and 4 SELL insider trades, representing the acquisition of 10,005 and the disposition of 71,224 shares. Over the last 12 months, there were 30 BUYs and 23 SELLs from insiders. Insiders purchased 9,693,345 shares during that period but sold 9,320,194.
In the most recent transaction, Blackstone Holdings III L.P. sold 7,200 shares of BX for 32.68 per share on Aug 25. After the transaction, the 10% Owner now owns 862,800 company shares. In a previous transaction on Aug 24, Blackstone Holdings III L.P. sold 28,993 shares at 32.63 per share. BX shares that 10% Owner owns now total 870,000.
Among the insiders who sold shares, Blackstone Holdings III L.P. disposed of 41,500 shares on Aug 23 at a per-share price of $32.94. This resulted in the 10% Owner holding 898,993 shares of BX after the transaction. In another insider transaction, Porat Ruth bought 194 shares at $103.58 per share on Aug 08. Company shares held by the Director now total 18,418.
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Blackstone Inc. pays an annual dividend of $5.83, resulting in a dividend yield of 6.57%, and it has a price to earnings (P/E) ratio of 16.20. BX’s most recent ex-dividend date was 07/29/2022 when it declared a $1.27 quarterly dividend that was paid in cash on 08/08/2022. Previously, the company paid the dividend on 05/09/2022 with an ex-dividend date of 04/29/2022. The dividend was $1.32 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BX in the last 3 months, the mean price target is $121.92 with high estimates of $153.00 and low estimates of $102.00. In terms of 52-week highs and lows, BX has a high of $149.78 and a low of $86.97.
As of this writing, BX has an earnings estimate of $1.02 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.17 per share and a lower estimate of $0.9. The company reported an EPS of $1.49 in the last quarter, which was 1.36% higher than expectations of $1.47.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 18 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BX is Underweight with a score of 4.18. A total of 9 analysts rated the stock as Buy while 3 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.