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Citigroup Remains Buying Recommendation for Blackstone (BX)

Fintel reported that on July 18, 2023, Citigroup maintained Blackstone reports (New York Stock Exchange: BX) with buy recommendation.

Analyst forecasts suggest 3.79% downside

One-year average as of July 6, 2023 target price For Blackstone it is 102.83. Expectations range from a low of $85.85 to a high of $120.75. The average target price is down 3.79% from the latest reported closing price of 106.88.

see our corporate leaderboard The target price has the most upside potential.

Blackstone’s expected annual revenue is 13,032 million, up 205.72%.Non-GAAP Annual Forecast EPS is 5.40.

What is Fund Sentiment?

there is 2,073 funds or institutions reporting positions in Blackstone. That’s a decrease of 48 owners or 2.26% in the last quarter.Portfolio average weight out of all funds BX dedicated was 0.54%, down 0.60%. The total number of shares held by institutional investors has increased by 0.55% to 535,895,000 shares in the past three months. of put/call ratio BX’s is at 0.85, indicating a bullish outlook.

What are other shareholders doing?

BX / Blackstone Inc shares held by institutional investors

Capital World Investors owns 32,194,000 shares, representing 4.56% of the company. Earlier filings reported that the company owned 30,412,000 shares. will increase 5.54%.office increased Portfolio allocation to BX increased by 21.53% QoQ.

VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks owns 21,997,000 shares, representing 3.12% of the company. Earlier filings reported that the company owned 21,342,000 shares. will increase 2.98%.office increased Portfolio allocation to BX increased by 12.68% QoQ.

Investors at Capital International holds 21,206,000 shares representing a 3.00% ownership interest in the company. Previous filings reported that the company owned 21,203,000 shares. will increase 0.01%.office increased Portfolio allocation to BX increased by 13.48% QoQ.

edgewood management owns 15,283,000 shares, representing 2.16% of the company. Earlier filings reported that the company owned 11,425,000 shares. will increase 25.24%.office increased Portfolio allocation to BX increased by 42.68% QoQ.

Wellington Management Group Llp holds 12,609,000 shares representing 1.79% ownership of the company. Previous filings reported that the company owned 15,703,000 shares. Decrease 24.54%.office Diminished The portfolio allocation to BX increased by 6.04% quarter-on-quarter.

Blackstone background information
(This description was provided by us.)

Blackstone is one of the world’s leading investment firms. The company aims to create positive economic impact and long-term value for its investors, the companies in which it invests, and the communities in which it operates. It does this by leveraging talented people and flexible capital to help companies solve their problems. The firm’s $619 billion of assets under management include investment vehicles focused on private equity, real estate, sovereign debt and equity, life sciences, growth equities, opportunistic sub-investment grade credit, real assets and secondary funds. and all of this on a global scale.

Additional resources:

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reported that on July 18, 2023, Citigroup maintained Blackstone reports (New York Stock Exchange: BX) with buy recommendation. Analyst forecasts suggest 3.79% downside One-year average as of July 6, 2023 target price For Blackstone it is 102.83. Expectations range from a low of $85.85 to a high of $120.75. The average target price is down 3.79% from the latest reported closing price of 106.88.

see our corporate leaderboard The target price has the most upside potential. Blackstone’s expected annual revenue is 13,032 million, up 205.72%.Non-GAAP Annual Forecast EPS is 5.40. What is Fund Sentiment? there is 2,073 funds or institutions reporting positions in Blackstone. That’s a decrease of 48 owners or 2.26% in the last quarter.Portfolio average weight out of all funds BX dedicated was 0.54%, down 0.60%. The total number of shares held by institutional investors has increased by 0.55% to 535,895,000 shares in the past three months. of put/call ratio BX’s is at 0.85, indicating a bullish outlook. What are other shareholders doing? Capital World Investors owns 32,194,000 shares, representing 4.56% of the company. Earlier filings reported that the company owned 30,412,000 shares. will increase 5.54%.office increased Portfolio allocation to BX increased by 21.53% QoQ. VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks owns 21,997,000 shares, representing 3.12% of the company. Earlier filings reported that the company owned 21,342,000 shares. will increase 2.98%.office increased Portfolio allocation to BX increased by 12.68% QoQ.

Investors at Capital International holds 21,206,000 shares representing a 3.00% ownership interest in the company. Previous filings reported that the company owned 21,203,000 shares. will increase 0.01%.office increased Portfolio allocation to BX increased by 13.48% QoQ. edgewood management owns 15,283,000 shares, representing 2.16% of the company. Earlier filings reported that the company owned 11,425,000 shares. will increase 25.24%.office increased Portfolio allocation to BX increased by 42.68% QoQ. Wellington Management Group Llp holds 12,609,000 shares representing 1.79% ownership of the company. Previous filings reported that the company owned 15,703,000 shares. Decrease 24.54%.office Diminished The portfolio allocation to BX increased by 6.04% quarter-on-quarter. Blackstone background information(This description was provided by us.) Blackstone is one of the world’s leading investment firms. The company aims to create positive economic impact and long-term value for its investors, the companies in which it invests, and the communities in which it operates. It does this by leveraging talented people and flexible capital to help companies solve their problems. The firm’s $619 billion of assets under management include investment vehicles focused on private equity, real estate, sovereign debt and equity, life sciences, growth equities, opportunistic sub-investment grade credit, real assets and secondary funds. and all of this on a global scale.

Additional resources: This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/citigroup-maintains-blackstone-bx-buy-recommendation Citigroup Remains Buying Recommendation for Blackstone (BX)

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