Searching For Real Value In Market Debris At Blackstone Inc (NYSE: BX)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, BX falls under the Financial sector while operating within the Asset Management industry segment. The current market capitalization of Blackstone Inc is $171.67B. A total of 3.97 million shares were traded on the day, compared to an average of 3.30M shares.

In the most recent transaction, Baratta Joseph sold 116,448 shares of BX for 123.00 per share on Jul 03 ’24. After the transaction, the Director now owns 921,184 company shares. In a previous transaction on May 21 ’24, Blackstone Inc. sold 20,125,000 shares at 16.33 per share. BX shares that 10% Owner owns now total 77,326.

Among the insiders who bought shares, Porat Ruth acquired of 219 shares on May 06 ’24 at a per-share price of $119.48. This resulted in the Director holding 34,445 shares of BX after the transaction. In another insider transaction, Porat Ruth bought 58 shares at $119.95 per share on May 06 ’24. Company shares held by the Director now total 8,406.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Blackstone Inc pays an annual dividend of $3.36, resulting in a dividend yield of 2.38%, and it has a price to earnings (P/E) ratio of 53.87. BX’s most recent ex-dividend date was 7/29/2024 when it declared a $0.82 quarterly dividend that was paid in cash on 8/5/2024. Previously, the company paid the dividend on 5/6/2024 with an ex-dividend date of 4/26/2024. The BX stock dividend was $0.83 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, BX has a high of $142.04 and a low of $87.84.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $5.58, while its Total Shareholder’s Equity was $21.71B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BX is Buy with a score of 3.75.

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