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Wednesday, December 6, 2023

Investors’ Patience Is Being Tested Right Now By Blackstone Inc (NYSE: BX)

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 -$1.45, or -1.36%, to $105.00. The Blackstone Inc has recorded 159,325 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Blackstone to Present at the Goldman Sachs 2023 US Financial Services Conference.

Stocks Info

Blackstone Inc is listed on the NYSE as a member of the Financial sector and is a part of the Asset Management industry. At the end of the last regular session, the stock closed at $106.45 and fluctuated between $106.83 as its day high and $104.39 as its day low. The current market capitalization of Blackstone Inc is $128.75B. A total of 2.77 million shares were traded on the day, compared to an average of 6.17M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BX has seen 2 BUY and 5 SELL insider trades, representing the acquisition of 3,684 and the disposition of 108,567 shares. Over the last 12 months, there were 31 BUYs and 14 SELLs from insiders. Insiders purchased 996,562 shares during that period but sold 413,747.

In the most recent transaction, BSOF Master Fund L.P. sold 971,971 shares of BX for 14.06 per share on Nov 14. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Nov 06, Porat Ruth bought 247 shares at 100.54 per share. BX shares that Director owns now total 33,994.

Among the insiders who bought shares, Porat Ruth acquired of 65 shares on Nov 06 at a per-share price of $100.78. This resulted in the Director holding 8,286 shares of BX after the transaction. In another insider transaction, Finley John G sold 29,900 shares at $92.39 per share on Oct 30. Company shares held by the Chief Legal Officer now total 424,863.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Blackstone Inc pays an annual dividend of $3.35, resulting in a dividend yield of 3.14%, and it has a price to earnings (P/E) ratio of 44.60. BX’s most recent ex-dividend date was 10/27/2023 when it declared a $0.80 quarterly dividend that was paid in cash on 11/6/2023. Previously, the company paid the dividend on 8/7/2023 with an ex-dividend date of 7/28/2023. The BX stock dividend was $0.79 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BX in the last 3 months, the mean price target is $106.82 with high estimates of $120.00 and low estimates of $89.00. In terms of 52-week highs and lows, BX has a high of $116.30 and a low of $70.63.

As of this writing, BX has an earnings estimate of $1.08 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.2 per share and a lower estimate of $0.87. The company reported an EPS of $0.93 in the last quarter, which was 1.10% higher than expectations of $0.92.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $5.86, while its Total Shareholder’s Equity was $21.71B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 4.19.

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