According to Fintel, on May 26, 2023, JMP Securities maintained its coverage of Blackstone (NYSE:BX) and issued a Market Perform recommendation.
As of May 11, 2023, the average one-year price target for Blackstone is 101.33, with a low of 71.20 and a high of $120.75. This represents an increase of 21.31% from the latest reported closing price of 83.53.
There are currently 2,099 funds or institutions reporting positions in Blackstone, with an average portfolio weight of 0.54%, indicating an increase of 29.97%. The put/call ratio of BX is 0.96, indicating a bullish outlook.
Capital World Investors holds the most shares of Blackstone, representing 4.56% ownership of the company, and increased its portfolio allocation by 21.53% over the last quarter. Vanguard Total Stock Market Index Fund Investor Shares and Capital International Investors hold 3.02% and 3.00% of the shares respectively, and also made changes to their portfolio allocation over the last quarter.
Blackstone is a leading investment firm with $619 billion in assets under management. It uses its resources to help companies solve problems and create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.