This afternoon we watched Blackstone rise 3.8% to a price of $124.76 per share. The Large-Cap Asset Management company is now trading -15.47% below its average target price of $147.6. Analysts have set target prices ranging from $109.0 to $180.0 per share for Blackstone, and have given the stock an average rating of buy.
Blackstone's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.4%. The stock's short ratio is 2.03. The company's insiders own 0.98% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 70.4%. In conclusion, we believe there is mixed market sentiment regarding Blackstone.
Institutions Invested in Blackstone
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 9% | 66,894,632 | $8,345,988,274 |
| 2024-12-31 | Blackrock Inc. | 7% | 49,088,349 | $6,124,419,447 |
| 2024-12-31 | Capital World Investors | 5% | 32,869,404 | $4,100,891,987 |
| 2024-12-31 | State Street Corporation | 4% | 30,736,511 | $3,834,785,433 |
| 2024-12-31 | Morgan Stanley | 4% | 28,897,566 | $3,605,352,773 |
| 2024-12-31 | JPMORGAN CHASE & CO | 3% | 23,939,716 | $2,986,795,547 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 15,341,300 | $1,914,029,662 |
| 2024-12-31 | Capital International Investors | 2% | 12,858,922 | $1,604,320,242 |
| 2024-12-31 | Bank of America Corporation | 2% | 11,297,034 | $1,409,454,099 |
| 2024-12-31 | Edgewood Management Llc | 1% | 9,922,675 | $1,237,984,674 |
