BX Stock Summary and Trading Ideas (Blackstone | NYSE:BX)

Blackstone is the world's largest alternative-asset manager with $1.108 trillion in total asset under management, including $820.5 billion in fee-earning assets under management, at the end of September 2024. The company has four core business segments: private equity (25% of fee-earning AUM and 30% of base management fees), real estate (35% and 39%), credit and insurance (31% and 24%), and multi-asset investing (9% and 7%). While the firm primarily serves institutional investors (87% of AUM), it also caters to clients in the high-net-worth channel (13%). Blackstone operates through 25 offices in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).

Blackstone trades on the NYSE stock market under the symbol BX.

As of December 26, 2024, BX stock price climbed to $176.46 with 1,142,397 million shares trading.

BX has a beta of 1.26, meaning it tends to be more sensitive to market movements. BX has a correlation of 0.26 to the broad based SPY ETF.

BX has a market cap of $137.00 billion. This is considered a Large Cap stock.

Last quarter Blackstone reported $2 billion in Revenue and $1.01 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.07.

In the last 3 years, BX traded as high as $200.96 and as low as $71.72.

The top ETF exchange traded funds that BX belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.

BX has outperformed the market in the last year with a return of +37.7%, while the SPY ETF gained +28.5%. In the last 3 month period, BX beat the market returning +12.5%, while SPY returned +5.6%. However, in the most recent 2 weeks BX has underperformed the stock market by returning -6.9%, while SPY returned +0.1%.

BX support price is $172.48 and resistance is $178.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BX shares will trade within this expected range on the day.