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.
Source: Fintel
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
