The price of Blackstone Inc (NYSE:BX) shares last traded on Wall Street fell -1.03% to $124.80.
BX stock price is now 0.62% away from the 50-day moving average and 15.65% away from the 200-day moving average. The market capitalization of the company currently stands at $151.24B.
With the price target enhanced from $116 to $124, Citigroup Downgraded its rating from Buy to Neutral for Blackstone Inc (NYSE: BX). , while ‘TD Cowen’ rates the stock as ‘Market Perform’
In other news, BX Buzz ML-1 GP LLC, 10% Owner sold 2,509,316 shares of the company’s stock on Mar 03 ’24. The stock was sold for $27,845,378 at an average price of $11.10. Upon completion of the transaction, the 10% Owner now directly owns 12,802 shares in the company, valued at $1.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’24, Director Brown Reginald J bought 2,400 shares of the business’s stock. A total of $301,500 was incurred on buying the stock at an average price of $125.62. This leaves the insider owning 16,949 shares of the company worth $2.12 million. A total of 41.61% of the company’s stock is owned by insiders.
During the past 12 months, Blackstone Inc has had a low of $77.94 and a high of $132.88. The fifty day moving average price for BX is $124.22 and a two-hundred day moving average price translates $108.85 for the stock.
The latest earnings results from Blackstone Inc (NYSE: BX) was released for Dec, 2023. According to the Asset Management Company, earnings per share came in at $1.11, beating analysts’ expectations of $0.95 by 0.16. This compares to $0.74 EPS in the same period last year. The net profit margin was 13.54% and return on equity was 19.22% for BX. The company reported revenue of $1.29 billion for the quarter, compared to $1.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -24.59 percent. For the current quarter, analysts expect BX to generate $2.53B in revenue.
