Momentum Is Strong For Blackstone Inc (NYSE: BX)

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. Earlier, Yahoo Finance discussed this stock as it revealed Blackstone Real Estate to Take AIR Communities Private for Approximately $10 Billion.

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Stocks Info

This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. The current market capitalization of Blackstone Inc is $152.79B. A total of 3.34 million shares were traded on the day, compared to an average of 3.63M 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

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 $3.35, resulting in a dividend yield of 2.66%, and it has a price to earnings (P/E) ratio of 68.67. 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.

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 $133.56 and a low of $78.89.

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

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 $5.60, while its Total Shareholder’s Equity was $21.71B.

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 3.72.

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