BX Earnings: Blackstone Reports Strong Q1 Results
TipRanks (Thu, 18-Apr 9:39 AM ET)
Blackstone in charts: Fee related earnings rises sequentially, capital inflows drops in Q1
Seeking Alpha News (Thu, 18-Apr 9:18 AM ET)
Blackstone in charts: Q1 capital inflows drop 35% Q/Q and ~16% Y/Y
Seeking Alpha News (Thu, 18-Apr 9:18 AM ET)
Blackstone in charts: Fee related earnings rise sequentially, capital inflows drops in Q1
Seeking Alpha News (Thu, 18-Apr 9:18 AM ET)
Blackstone in charts: Fee-related earnings rise sequentially, capital inflows drop in Q1
Seeking Alpha News (Thu, 18-Apr 9:18 AM ET)
Blackstone Q1 earnings top consensus as expenses surge on compensation
Seeking Alpha News (Thu, 18-Apr 7:28 AM ET)
Blackstone declares variable dividend of $0.83
Seeking Alpha News (Thu, 18-Apr 7:08 AM ET)
Options Volatility and Implied Earnings Moves Today, April 18, 2024
TipRanks (Thu, 18-Apr 7:05 AM ET)
Blackstone DE of $0.98 beats by $0.01
Seeking Alpha News (Thu, 18-Apr 7:02 AM ET)
Notable earnings before Thursday's open
Seeking Alpha News (Wed, 17-Apr 10:52 AM ET)
Blackstone is the world's largest alternative-asset manager with $1.040 trillion in total asset under management, including $762.6 billion in fee-earning assets under management, at the end of 2023. The company has four core business segments: private equity (22% of fee-earning AUM and 28% of base management fees), real estate (39% and 43%), credit and insurance (29% and 21%), and hedge fund solutions (10% and 8%). 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 April 18, 2024, BX stock price declined to $120.32 with 5,253,089 million shares trading.
BX has a beta of 1.93, meaning it tends to be more sensitive to market movements. BX has a correlation of 0.45 to the broad based SPY ETF.
BX has a market cap of $90.64 billion. This is considered a Large Cap stock.
Last quarter Blackstone reported $3 billion in Revenue and $1.11 earnings per share. This fell short of revenue expectation by $-35 million and exceeded earnings estimates by $.15.
In the last 3 years, BX stock traded as high as $149.78 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 +41.8%, while the SPY ETF gained +22.3%. However, in the most recent history, BX shares have underperformed the stock market with its stock returning +3.7% in the last 3 month period and -4.9% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.
BX support price is $120.68 and resistance is $125.70 (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 stock will trade within this expected range on the day.