Blackstone - BX Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BX, but not buy additional shares or sell existing shares.
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15 Wall Street research analysts have issued 12-month target prices for Blackstone's stock. Their BX share price forecasts range from $67.50 to $155.00. On average, they predict the company's stock price to reach $112.17 in the next year. This suggests a possible upside of 31.7% from the stock's current price.
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Blackstone's stock was trading at $129.39 at the beginning of the year. Since then, BX stock has decreased by 34.2% and is now trading at $85.16.
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Blackstone saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 19,510,000 shares, a drop of 8.4% from the October 31st total of 21,290,000 shares. Based on an average daily trading volume, of 4,360,000 shares, the short-interest ratio is presently 4.5 days.
View Blackstone's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our BX earnings forecast.

Blackstone Inc. (NYSE:BX) posted its quarterly earnings results on Thursday, October, 20th. The asset manager reported $1.06 EPS for the quarter, beating the consensus estimate of $0.97 by $0.09. The asset manager had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.52 billion. Blackstone had a net margin of 20.58% and a trailing twelve-month return on equity of 20.75%. Blackstone's quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 earnings per share.

Blackstone declared a quarterly dividend on Thursday, October 20th. Stockholders of record on Monday, October 31st will be given a dividend of $0.90 per share on Monday, November 7th. This represents a $3.60 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Friday, October 28th.
Read our dividend analysis for BX.

Blackstone (NYSE:BX) pays an annual dividend of $3.60 per share and currently has a dividend yield of 4.23%. BX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 101.70%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, BX will have a dividend payout ratio of 69.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BX.

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackstone investors own include AT&T (T), Bank of America (BAC), AbbVie (ABBV), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), Verizon Communications (VZ), Johnson & Johnson (JNJ), Cisco Systems (CSCO) and Walt Disney (DIS).

Blackstone trades on the New York Stock Exchange (NYSE) under the ticker symbol "BX."

Blackstone's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.60%), BlackRock Inc. (5.51%), State Street Corp (2.29%), Edgewood Management LLC (1.56%), CIBC Private Wealth Group LLC (1.03%) and Brown Advisory Inc. (0.86%). Insiders that own company stock include Altus Holdings Lp Gso, Blackstone Bdc Holdings Llc, Blackstone Group Inc, David Payne, Hamilton E James, Holdings LP Blackstone II, Holdings LP Blackstone III, James Breyer, John G Finley, John G Finley, Joseph Baratta, Lifesciences Iii LP Clarus, Ruth Porat and Tactical Opportunit Blackstone.
View institutional ownership trends.

Shares of BX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BX stock can currently be purchased for approximately $85.16.

Blackstone (NYSE:BX) has a market capitalization of $59.76 billion and generates $22.58 billion in revenue each year. The asset manager earns $5.86 billion in net income (profit) each year or $3.54 on an earnings per share basis.

The company employs 3,795 workers across the globe.

Blackstone's mailing address is 345 Park Avenue, New York NY, 10154. The official website for the company is www.blackstone.com. The asset manager can be reached via phone at (212) 583-5000, via email at blackstoneinvestorrelations@blackstone.com, or via fax at 212-583-5749.