Are You Considering Blackstone Inc. (BX) As Part Of Your Portfolio?

The stock of Blackstone Inc. (NYSE:BX) increased by increased by $5.11 on Friday to finish at $137.63, up 3.86 percent. The last five days have seen an average of 3,063,220 shares of common stock traded. 75 times new highs were reached in the current year, with a gain of $72.82. The average number of shares traded over the last 20 days was 3,305,995, while the average volume over the last 50 days totaled 3,588,864.

BX stock appreciated 8.29% since last month. On 10/04/21, the company’s shares reached a one-month low of $108.81. The stock touched a high of $136.88 on 10/22/21, after rallying from a low of $49.40 in 52 weeks. The price of BX stock has risen by 112.36% or $72.82 this year, reaching a new high 75 times. Still, the stock price is up 0.54% from the 52-week high.

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Insider Transactions

There have been 24 days since Blackstone Inc. (BX) last reported insider trading activity on Oct 01. On Oct 01, 10% Owner Blackstone Holdings III L.P. acquired 9,473 shares at $40.96 each. This transaction resulted in the insider spending $387,986. On Sep 30, Blackstone Holdings III L.P. added 35,044 shares at a price of US$40.93. After the transaction, the insider now owns 35,044 shares. 10% Owner Blackstone Holdings III L.P. had earlier bought 100 shares on Sep 27 for $40.90 a share. The transaction was completed for $4,090.

Valuation Metrics

Blackstone Inc. (BX) has a trailing price-to-earnings (P/E) ratio of 21.25. This level actually compares unfavorably with the industry at large, as the PE for the Asset Management industry stands at about 17.09. Further, its PE also compares unfavorably with the Financial sector’s trailing 12 months PE ratio, which comes in at 13.15 right now. The PE ratio of Blackstone Inc. has varied between 81.44 and 10.18 in the last five years. Beta for the stock is 1.37. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.24, the price-to-book (PB) ratio of 11.80, and the price-to-cash flow ratio of 629.18.

Blackstone Inc.’s dividend is $2.80 per share per year. With a dividend yield of 2.03%, BX has a payout ratio of 41.20%. Company paid $1.0275 per share in dividends, an increase of 21.24% from $0.8475 last year. A $0.18 dividend increase was reported on Friday October 22 2021, making it the 1 consecutive year the dividend has increased. Over the last three years, dividends have increased by -17.67%.

The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.67, and the total debt to equity ratio is 0.67. Blackstone Inc.’s operating margin stood at 48.00% for the same period. Based on annual data, it had gross profit of $2.62 billion and revenue of $6.1 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BX’s return on assets (ROA) during the last 12 months has been 13.50%. There was a 18.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 53.10%. ROE has averaged 10.74 in the past year for the broader industry.

Earnings Surprise

According to Blackstone Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.29 billion, while revenues rose by 52.45% to $5.3 billion. It was predicted that Blackstone Inc.’s quarterly earnings would be $0.82, but it ended up being $0.78, beating the consensus by 5.10%. EBITDA was $3.08 billion for the quarter. At the end of Blackstone Inc.’s most recent quarter ended June 29, its total debt was $6.64 billion. Equity owned by shareholders amounts to $685.95 million.

Technical Picture

Here’s a quick look at Blackstone Inc.’s (BX) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 82.09%, suggesting the stock is Overbought, with a 5.79% historical volatility rate.

The stochastic %K and %D were 96.41% and 94.92% respectively, while the average true range (ATR) was 3.93. Based on the 14-day stochastic reading of 99.21%, the RSI (14) reading is 73.20%. On the 9-day MACD Oscillator, the stock is at 7.49, and the 14-day reading is at 11.23.

Analyst Ratings

In its most recent analyst report, Deutsche Bank raised its rating on Blackstone Inc. (NYSE: BX) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Blackstone Inc. (BX) an Overweight rating. BX is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 10 others recommend it as a buy.

What is BX’s price target for the next 12 months?

The current consensus forecast for the stock is between $114.00 and $154.00, with a median target price of $138.00. In analyzing these forecasts, the average price target given by analysts for Blackstone Inc. (BX) is $137.14.


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