The price of Blackstone Inc (NYSE:BX) shares last traded on Wall Street rose 0.63% to $126.87.
BX stock price is now 0.16% away from the 50-day moving average and 13.53% away from the 200-day moving average. The market capitalization of the company currently stands at $153.75B.
With the price target reduced from $140 to $135, UBS Downgraded its rating from Buy to Neutral for Blackstone Inc (NYSE: BX). On January 19, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $116 to quote $124, while ‘Oppenheimer’ rates the stock as ‘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 $1.62 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 $2.15 million. A total of 41.65% of the company’s stock is owned by insiders.
During the past 12 months, Blackstone Inc has had a low of $78.89 and a high of $133.56. The fifty day moving average price for BX is $126.70 and a two-hundred day moving average price translates $112.57 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 $2.52B in revenue.
