Blackstone shares fell -2.7% this overnight to a price of $112.11. The stock is still trading within range of its average target price of $107.25, and over the last 52 weeks, it has recorded a 46.0% performance. Analysts have given the large-cap Asset Management stock target prices ranging from $89.0 to $120.0 dollars per share, with an average rating of buy.
The stock has an average amount of shares sold short at 4.4%, and a short ratio of 8.1. The company's insiders own 0.45% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 65.2% of Blackstone's shares being owned by this investor type.
Institutions Invested in Blackstone
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 62,091,903 | $6,961,123,283 |
| 2023-09-30 | Blackrock Inc. | 6% | 45,916,439 | $5,147,692,004 |
| 2023-09-30 | Capital World Investors | 5% | 32,371,405 | $3,629,158,234 |
| 2023-09-30 | State Street Corporation | 4% | 27,361,588 | $3,067,507,647 |
| 2023-09-30 | Morgan Stanley | 3% | 23,823,121 | $2,670,810,109 |
| 2023-09-30 | Capital International Investors | 3% | 19,933,508 | $2,234,745,594 |
| 2023-09-30 | Charles Schwab Investment Management, Inc. | 2% | 14,825,769 | $1,662,116,971 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 13,572,839 | $1,521,650,988 |
| 2023-09-30 | Edgewood Management Llc | 2% | 12,861,282 | $1,441,878,332 |
| 2023-09-30 | JP Morgan Chase & Company | 2% | 11,314,184 | $1,268,433,175 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Blackstone.
