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 January 27, 2025, BX stock price declined to $180.67 with 2,004,517 million shares trading.

BX has a beta of 1.40, meaning it tends to be more sensitive to market movements. BX has a correlation of 0.33 to the broad based SPY ETF.

BX has a market cap of $140.27 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 price return of +52.6% while the SPY ETF gained +24.6%. BX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +7.0% and +9.6%, respectively, while the SPY returned +3.5% and +2.9%, respectively.

BX support price is $183.19 and resistance is $190.29 (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.