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Friday, September 29, 2023

Today, Blackstone Inc. (NYSE: BX) Takes Center Stage

After Hours

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. After-hours trades for Blackstone Inc. (BX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.11, or -0.10%, to $107.79. The Blackstone Inc. has recorded 43,765 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Blackstone and Airbnb Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600.

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Stocks Info

The company is listed on the NYSE and operates within the Asset Management industry segment. At the end of the last regular session, the stock closed at $107.90 and fluctuated between $108.88 as its day high and $107.07 as its day low. The current market capitalization of Blackstone Inc. is $134.12B. A total of 7.99 million shares were traded on the day, compared to an average of 3.67M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, BX has seen 8 BUY and 3 SELL insider trades, representing the acquisition of 9,317 and the disposition of 95,000 shares. Over the last 12 months, there were 34 BUYs and 11 SELLs from insiders. Insiders purchased 1,055,448 shares during that period but sold 355,180.

In the most recent transaction, Blackstone Holdings I/II GP L. sold 14,704,603 shares of BX for 7.98 per share on Aug 22. After the transaction, the 10% Owner now owns 43,602 company shares. In a previous transaction on Aug 14, Blackstone Inc. sold 17,250,000 shares at 11.57 per share. BX shares that 10% Owner owns now total 169,223.

Among the insiders who sold shares, Juno Lower Holdings L.P. disposed of 2,598,609 shares on Aug 14 at a per-share price of $27.80. This resulted in the holding 0 shares of BX after the transaction. In another insider transaction, Porat Ruth bought 73 shares at $102.42 per share on Aug 08. Company shares held by the Director now total 33,746.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Blackstone Inc. pays an annual dividend of $3.42, resulting in a dividend yield of 3.17%, and it has a price to earnings (P/E) ratio of 64.92. BX’s most recent ex-dividend date was 7/28/2023 when it declared a $0.79 quarterly dividend that was paid in cash on 8/7/2023. Previously, the company paid the dividend on 5/8/2023 with an ex-dividend date of 4/28/2023. The BX stock dividend was $0.82 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for BX in the last 3 months, the mean price target is $111.89 with high estimates of $125.00 and low estimates of $94.00. In terms of 52-week highs and lows, BX has a high of $109.56 and a low of $71.44.

As of this writing, BX has an earnings estimate of $1.03 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.13 per share and a lower estimate of $0.87. The company reported an EPS of $0.97 in the last quarter, which was 1.00% higher than expectations of $0.96.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $9.52, while its Total Shareholder’s Equity was $21.71B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 4.31.

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