Shares of The Blackstone Group Inc. (NYSE:BX) traded today at $102.89, eclipsing its 52-week high. So far today approximately 2 million shares have been exchanged, as compared to an average 30-day volume of 4.7 million shares.
Blackstone Group Inc is an alternative asset manager with more than $350 billion in assets under management. Its alternative asset management businesses include investment vehicles focused on real estate, private equity, hedge fund solutions, credit, secondary funds of funds and multi-asset class strategies. The company is organized into four segments: Real Estate, Private Equity, Hedge Fund Solutions, and Credit & Insurance. It generates maximum revenue from the Real Estate segment.
The Blackstone Group Inc. (NYSE:BX) defies analysts with a current price ($101.22) 74.4% above its average consensus price target of $25.88.
In the past 52 weeks, shares of The Blackstone Group Inc. have traded between a low of $49.26 and a high of $102.89 and is now at $101.22, which is 105% above that low price.
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