Blackstone Inc. (NYSE:BX) traded at a new 52-week high today of $145.82. Approximately 1.1 million shares have changed hands today, as compared to an average 30-day volume of 3.3 million shares.
In the past 52 weeks, shares of Blackstone Inc. have traded between a low of $51.02 and a high of $145.82 and is now at $142.58, which is 179% above that low price.
Blackstone Inc. (NYSE:BX) is currently priced 78.7% above its average consensus analyst price target of $30.32.
Blackstone is one of the world’s largest alternative asset managers with $731 billion in total asset under management, including $528 billion in fee-earning asset under management, at the end of September 2021. The company has four core business segments: private equity (27% of fee-earning AUM, and 32% of base management fees, so far during 2021); real estate (33% and 39%); credit & insurance (25% and 15%); and hedge fund solutions (15% and 14%). While the firm primarily serves institutional investors (87% of AUM), it does serve clients in the high-net-worth channel (13%). Blackstone operates through 25 offices located in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).
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