With 4.7 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.38 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $160.215 whereas the lowest price it dropped to was $155.92. The 52-week range on BX shows that it touched its highest point at $157.76 and its lowest point at $87.55 during that stretch. It currently has a 1-year price target of $136.79. With its current market cap of 195.01 billion, BX has annualized dividend of $1.49 while the current yield stands at 0.93%. Beta for the stock currently stands at 1.49.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BX was up-trending over the past week, with a rise of 8.98%, but this was up by 20.06% over a month. Three-month performance surged to 28.47% while six-month performance rose 25.83%. The stock gained 40.91% in the past year, while it has gained 23.40% so far this year. A look at the trailing 12-month EPS for BX yields 2.62 with Next year EPS estimates of 5.87. For the next quarter, that number is 1.07. This implies an EPS growth rate of 15.04% for this year and 29.21% for next year. EPS is expected to grow by 23.64% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.02%.
Float and Shares Shorts:
At present, 719.36 million BX shares are outstanding with a float of 712.76 million shares on hand for trading. On 2024-08-30, short shares totaled 16.96 million, which was 222.00000000000003 higher than short shares on 1722384000. In addition to Mr. Stephen Allen Schwarzman B.A., M.B.A. as the firm’s Chairman, CEO & Co-Founder, Mr. Jonathan D. Gray CIMA serves as its General Partner, President, COO & Director.
Institutional Ownership:
Through their ownership of 0.7004 of BX’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
