Blackstone - BX Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Blackstone in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BX shares.
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13 analysts have issued 1 year target prices for Blackstone's shares. Their BX share price forecasts range from $102.00 to $180.00. On average, they predict the company's stock price to reach $131.33 in the next year. This suggests a possible upside of 57.3% 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 35.5% and is now trading at $83.50.
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Blackstone saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 15,230,000 shares, an increase of 8.6% from the August 15th total of 14,030,000 shares. Based on an average daily trading volume, of 4,180,000 shares, the days-to-cover ratio is currently 3.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our BX earnings forecast.

Blackstone Inc. (NYSE:BX) released its quarterly earnings results on Thursday, July, 21st. The asset manager reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.02. The asset manager earned $4.15 billion during the quarter, compared to the consensus estimate of $3.46 billion. Blackstone had a net margin of 22.48% and a trailing twelve-month return on equity of 20.80%. The business's revenue for the quarter was up 96.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share.

Blackstone declared a quarterly dividend on Friday, July 22nd. Investors of record on Monday, August 1st will be paid a dividend of $1.27 per share on Monday, August 8th. This represents a $5.08 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend is Friday, July 29th.
Read our dividend analysis for BX.

Blackstone (NYSE:BX) pays an annual dividend of $5.08 per share and currently has a dividend yield of 5.95%. BX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 92.70%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BX will have a dividend payout ratio of 90.07% in the coming year. This indicates that the company may not be able to sustain their current 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 many different retail and institutional investors. Top institutional investors include State Street Corp (2.36%), CIBC Private Wealth Group LLC (1.02%), Legal & General Group Plc (0.84%), Brown Advisory Inc. (0.81%), Brown Advisory Inc. (0.78%) and Northern Trust Corp (0.72%). Insiders that own company stock include Blackstone Bdc Holdings Llc, Blackstone Group Inc, Clarus Gp LP Blackstone, 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.
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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 $83.50.

Blackstone (NYSE:BX) has a market capitalization of $58.59 billion and generates $22.58 billion in revenue each year. The asset manager earns $5.86 billion in net income (profit) each year or $5.48 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.