The Blackstone Group Inc. [NYSE: BX] traded at a high on 07/15/21, posting a 3.90 gain after which it closed the day’ session at $102.50. The company report on July 15, 2021 that AIG Announces Strategic Partnership with Blackstone for its Life & Retirement Business and Sale to Blackstone of Certain Affordable Housing Assets.
– AIG to Sell 9.9% Equity Stake in its Life & Retirement Business to Blackstone for $2.2 Billion.
– AIG and Blackstone to Enter into a Strategic Asset Management Relationship for a Portion of the Life & Retirement Investment Portfolio.
The results of the trading session contributed to over 4617751 shares changing hands. Over the past one week, the price volatility of The Blackstone Group Inc. stands at 2.24% while the volatility over the past one month is 2.02%.
The market cap for BX stock reached $120.73 billion, with 709.03 million shares outstanding and 665.64 million shares in the current float. Compared to the average trading volume of 4.14M shares, BX reached a trading volume of 4617751 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about The Blackstone Group Inc. [BX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BX shares is $95.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BX stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Oppenheimer have made an estimate for The Blackstone Group Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on March 19, 2021. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on January 14, 2021, representing the official price target for The Blackstone Group Inc. stock. Previously, the target price had yet another raise to $58, while Oppenheimer analysts kept a Outperform rating on BX stock.
The Average True Range (ATR) for The Blackstone Group Inc. is set at 2.04, with the Price to Sales ratio for BX stock in the period of the last 12 months amounting to 8.34. The Price to Book ratio for the last quarter was 9.27, with the Price to Cash per share for the same quarter was set at 2.52. Price to Free Cash Flow for BX in the course of the last twelve months was 476.61.
How has BX stock performed recently?
The Blackstone Group Inc. [BX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.32. With this latest performance, BX shares gained by 5.32% in over the last four-week period, additionally plugging by 60.23% over the last 6 months – not to mention a rise of 83.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BX stock in for the last two-week period is set at 65.72, with the RSI for the last a single of trading hit 66.14, and the three-weeks RSI is set at 66.03 for The Blackstone Group Inc. [BX]. The present Moving Average for the last 50 days of trading for this stock 94.24, while it was recorded at 100.53 for the last single week of trading, and 73.15 for the last 200 days.
The Blackstone Group Inc. [BX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and The Blackstone Group Inc. [BX] shares currently have an operating margin of +42.05 and a Gross Margin at +98.16. The Blackstone Group Inc.’s Net Margin is presently recorded at +16.15.
Return on Total Capital for BX is now 11.37, given the latest momentum, and Return on Invested Capital for the company is 6.65. Return on Equity for this stock inclined to 15.30, with Return on Assets sitting at 3.55. When it comes to the capital structure of this company, The Blackstone Group Inc. [BX] has a Total Debt to Total Equity ratio set at 95.34. Additionally, BX Total Debt to Total Capital is recorded at 48.81, with Total Debt to Total Assets ending up at 24.14. Long-Term Debt to Equity for the company is recorded at 92.81, with the Long-Term Debt to Total Capital now at 47.51.
Reflecting on the efficiency of the workforce at the company, The Blackstone Group Inc. [BX] managed to generate an average of $330,288 per employee. Receivables Turnover for the company is 1.69 with a Total Asset Turnover recorded at a value of 0.22.
Earnings analysis for The Blackstone Group Inc. [BX]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Blackstone Group Inc. go to 20.13%.
Insider trade positions for The Blackstone Group Inc. [BX]
There are presently around $42,654 million, or 62.50% of BX stock, in the hands of institutional investors. The top three institutional holders of BX stocks are: VANGUARD GROUP INC with ownership of 38,475,108, which is approximately 3.23% of the company’s market cap and around 0.60% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 37,510,067 shares of the stock with an approximate value of $3.84 billion in BX stocks shares; and BLACKROCK INC., currently with $2.38 billion in BX stock with ownership of nearly 15.638% of the company’s market capitalization.
Positions in The Blackstone Group Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 607 institutional holders increased their position in The Blackstone Group Inc. [NYSE:BX] by around 28,342,538 shares. Additionally, 470 investors decreased positions by around 27,769,195 shares, while 201 investors held positions by with 360,022,493 shares. The mentioned changes placed institutional holdings at 416,134,226 shares, according to the latest SEC report filing. BX stock had 141 new institutional investments in for a total of 6,654,388 shares, while 66 institutional investors sold positions of 2,187,143 shares during the same period.