Shares of The Blackstone Group Inc. (NYSE:BX) traded today at $101.46, eclipsing its 52-week high. Approximately 760,000 shares have changed hands today, 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 ($101.33) 74.5% above its average consensus price target of $25.88.
Over the past year, The Blackstone Group Inc. has traded in a range of $49.26 to $101.46 and is now at $101.33, 106% above that low.
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