After Hours
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. Most recently, Yahoo Finance reported about the stock as it publicized that Blackstone Announces New Co-Chief Investment Officers and Co-Head of Real Estate.
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Stocks Info
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 $117.09 and fluctuated between $118.21 as its day high and $115.63 as its day low. The current market capitalization of Blackstone Inc is $141.62B. A total of 2.31 million shares were traded on the day, compared to an average of 3.79M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, BX has seen 4 BUY and 1 SELL insider trades, representing the acquisition of 2,556 and the disposition of 29,900 shares. Over the last 12 months, there were 28 BUYs and 14 SELLs from insiders. Insiders purchased 714,501 shares during that period but sold 413,747.
In the most recent transaction, Payne David sold 5,500 shares of BX for 128.21 per share on Dec 21. After the transaction, the Chief Accounting Officer now owns 47,781 company shares. In a previous transaction on Dec 13, Blackstone Inc. sold 17,250,000 shares at 11.15 per share. BX shares that 10% Owner owns now total 143,510.
Among the insiders who sold shares, BX Buzz ML-1 GP LLC disposed of 4,012,101 shares on Dec 03 at a per-share price of $13.88. This resulted in the 10% Owner holding 13,869 shares of BX after the transaction. In another insider transaction, BSOF Master Fund L.P. sold 971,971 shares at $14.06 per share on Nov 14. Company shares held by the 10% Owner now total 0.
Dividend
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 $3.29, resulting in a dividend yield of 2.81%, and it has a price to earnings (P/E) ratio of 49.06. 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.
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. In terms of 52-week highs and lows, BX has a high of $133.53 and a low of $75.26.
As of this writing, BX has an earnings estimate of $BP p.l.c. per share for the current quarter. EPS was calculated based on a consensus of Boeing Company (The) estimates, with a high estimate of $Bloom Energy Corporation per share and a lower estimate of $BlackBerry Limited.
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. Its Book Value Per Share was $5.86, while its Total Shareholder’s Equity was $21.64B.
Analysts Opinion
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, 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 3.94.
