With 3.42 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.18 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $171.26 whereas the lowest price it dropped to was $167.59. The 52-week range on BX shows that it touched its highest point at $175.94 and its lowest point at $90.07 during that stretch. It currently has a 1-year price target of $164.50. With its current market cap of 203.14 billion, BX has annualized dividend of $3.45 while the current yield stands at 2.06%. Beta for the stock currently stands at 1.50.
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 down-trending over the past week, with a drop of -1.13%, but this was up by 10.21% over a month. Three-month performance surged to 26.08% while six-month performance rose 41.44%. The stock gained 83.80% in the past year, while it has gained 29.65% so far this year. A look at the trailing 12-month EPS for BX yields 2.91 with Next year EPS estimates of 5.78. For the next quarter, that number is 1.42. This implies an EPS growth rate of 10.14% for this year and 32.87% for next year. EPS is expected to grow by 24.97% 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 712.88 million shares on hand for trading. On 2024-10-15, short shares totaled 17.19 million, which was 221.0 higher than short shares on 1726185600. 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 0.72194 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.
