Fintel reports that on May 26, 2023, JMP Securities maintained coverage of Blackstone (NYSE:BX) with a Market Perform recommendation.
Analyst Price Forecast Suggests 21.31% Upside
As of May 11, 2023, the average one-year price target for Blackstone is 101.33. The forecasts range from a low of 71.20 to a high of $120.75. The average price target represents an increase of 21.31% from its latest reported closing price of 83.53.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Blackstone is 13,032MM, an increase of 205.72%. The projected annual non-GAAP EPS is 5.40.
What is the Fund Sentiment?
There are 2099 funds or institutions reporting positions in Blackstone. This is a decrease of 29 owner(s) or 1.36% in the last quarter. Average portfolio weight of all funds dedicated to BX is 0.54%, an increase of 29.97%. Total shares owned by institutions increased in the last three months by 1.48% to 535,079K shares. The put/call ratio of BX is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 32,194K shares representing 4.56% ownership of the company. In it’s prior filing, the firm reported owning 30,412K shares, representing an increase of 5.54%. The firm increased its portfolio allocation in BX by 21.53% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 21,342K shares representing 3.02% ownership of the company. In it’s prior filing, the firm reported owning 20,934K shares, representing an increase of 1.91%. The firm decreased its portfolio allocation in BX by 16.55% over the last quarter.
Capital International Investors holds 21,206K shares representing 3.00% ownership of the company. In it’s prior filing, the firm reported owning 21,203K shares, representing an increase of 0.01%. The firm increased its portfolio allocation in BX by 13.48% over the last quarter.
Edgewood Management holds 15,283K shares representing 2.16% ownership of the company. In it’s prior filing, the firm reported owning 11,425K shares, representing an increase of 25.24%. The firm increased its portfolio allocation in BX by 42.68% over the last quarter.
Wellington Management Group Llp holds 12,609K shares representing 1.79% ownership of the company. In it’s prior filing, the firm reported owning 15,703K shares, representing a decrease of 24.54%. The firm decreased its portfolio allocation in BX by 86.74% over the last quarter.
Blackstone Background Information
(This description is provided by the company.)
Blackstone is one of the world’s leading investment firms. It seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. It does this by using extraordinary people and flexible capital to help companies solve problems. its $619 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
