28-Mar-2024
Tricon Residential shareholders approve go-private deal with Blackstone
Seeking Alpha News (Thu, 28-Mar 5:11 PM ET)
Rexford Industrial buys 3M square feet of property from Blackstone for $1B
Seeking Alpha News (Thu, 28-Mar 4:21 PM ET)
Rexford Industrial Acquires Blackstone Industrial Assets in Combined $1 Billion Investment
PRNewswire (Thu, 28-Mar 4:05 PM ET)
Benzinga (Wed, 27-Mar 5:07 PM ET)
Moderna wins $750M from Blackstone to fund flu program
Seeking Alpha News (Wed, 27-Mar 7:15 AM ET)
Blackstone Life Sciences Announces Collaboration to Support Moderna's Influenza Program
Business Wire (Wed, 27-Mar 6:34 AM ET)
SERVPRO Welcomes Accomplished Leader as New Chief Technology Officer
Globe Newswire (Tue, 26-Mar 9:58 AM ET)
$100 Invested In Blackstone 5 Years Ago Would Be Worth This Much Today
Benzinga (Mon, 25-Mar 3:00 PM ET)
Boeing CEO Dave Calhoun says he's quitting at year end
Seeking Alpha News (Mon, 25-Mar 10:53 AM ET)
Boeing CEO Dave Calhoun says he's quitting at year-end
Seeking Alpha News (Mon, 25-Mar 10:53 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 March 28, 2024, BX stock price climbed to $131.37 with 2,465,909 million shares trading.
BX has a beta of 1.88, meaning it tends to be more sensitive to market movements. BX has a correlation of 0.42 to the broad based SPY ETF.
BX has a market cap of $98.96 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 price return of +60.0% while the SPY ETF gained +33.6%. However, in the short term, BX had mixed performance relative to the market. It has underperformed in the last 3 months, returning -0.2% vs +10.1% return in SPY. But in the last 2 weeks, BX shares have fared better than the market returning +4.2% compared to SPY +1.7%.
BX support price is $128.55 and resistance is $133.24 (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.