The Street Is Finally Waking Up To 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. Recently, Yahoo Finance discussed the stock, revealing that Aligned Data Centers and Blackstone Credit & Insurance Announce Financing Relationship.

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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. The current market capitalization of Blackstone Inc is $151.24B. A total of 5.84 million shares were traded on the day, compared to an average of 3.73M shares.

In the most recent transaction, BX Buzz ML-1 GP LLC sold 2,509,316 shares of BX for 11.10 per share on Mar 03 ’24. After the transaction, the 10% Owner now owns 12,802 company shares. In a previous transaction on Feb 21 ’24, Brown Reginald J bought 2,400 shares at 125.62 per share. BX shares that Director owns now total 16,949.

Among the insiders who sold shares, Blackstone Inc. disposed of 24,276,100 shares on Feb 16 ’24 at a per-share price of $12.04. This resulted in the 10% Owner holding 107,324 shares of BX after the transaction. In another insider transaction, Porat Ruth bought 232 shares at $127.08 per share on Feb 12 ’24. Company shares held by the Director now total 34,225.

Dividend

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 $1.58, resulting in a dividend yield of 1.27%, and it has a price to earnings (P/E) ratio of 67.97. BX’s most recent ex-dividend date was 2/2/2024 when it declared a $0.94 quarterly dividend that was paid in cash on 2/12/2024. Previously, the company paid the dividend on 11/6/2023 with an ex-dividend date of 10/27/2023. The BX stock dividend was $0.80 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. In terms of 52-week highs and lows, BX has a high of $132.88 and a low of $77.94.

As of this writing, BX has an earnings estimate of $0.98 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.07 per share and a lower estimate of $0.86. The company reported an EPS of $0.94 in the last quarter, which was -6.90% lower than expectations of $1.01.

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 $5.60, 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 3.83.

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