How to Buy Blackstone Stock
Blackstone Inc
Blackstone is a asset management company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker BX on the NYSE exchange.
Blackstone stock last closed at $83.16, down 0.41% from the previous day, and has decreased 32.58% in one year. It has underperformed other stocks in the Asset Management industry by 0.04 percentage points. Blackstone stock is currently +1.14% from its 52-week low of $82.22, and -44.48% from its 52-week high of $149.78.
As of Sep 26, 2022, there are 701.67M shares of BX outstanding. The market capitalization of BX is $58.35B. In the last 24 hours, 4.25M BX shares were traded.
How to Buy Blackstone Stock
Wondering how to invest in Blackstone stock? Here's how.
- Choose where to buy Blackstone stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Blackstone stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified. It's the best place to buy BX stock.
- Put funds into your brokerage account: Pick your method of payment and add your details.
- Research Blackstone stock: The Blackstone ticker symbol is BX. Is Blackstone stock a good investment? Should you buy shares of BX? How do BX's underlying business fundamentals look? Do top analysts think Blackstone is a good buy? Why has BX's stock price moved recently? (Hint: Our stock market analysis website can help you understand if BX is a good stock to buy).
- Place your BX buy order: Decide if you will purchase BX shares at the current market price or use a limit order to buy BX stock at a given price.
- Monitor your investment in BX: Create a watchlist to monitor your new investment in Blackstone shares.
Step 1: Choose where to buy Blackstone stock
You need a brokerage account in order to access the NYSE market and buy BX shares.
Our favorite brokerage: eToro
Based on our experience, eToro is the best brokerage. eToro gives you:
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Get $10 towards your your purchase of BX shares by signing up for an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the next step is brokerage, selected to fill out some personal details so you can buy BX stock today.
How to Start a New Account on eToro
- Click here to get started.
- Enter your personal info to open a new brokerage account.
- Submit your application by clicking the "Create Account" button.
Step 3: Put funds into your brokerage account
Check out the walkthrough below for more details depositing funds into your new brokerage account.
Step 4: Research Blackstone stock
It's very important to research stocks before you invest, so you actually comprehend the risk and opportunity.
Blackstone Numbers
Fundamentals of BX
WallStreetZen was created to help everyday investors do better fundamental analysis quickly.
You can see all of the due diligence checks on BX's stock page.
What is the fair value of BX stock?
Analysts use many financial metrics, analyses, models, and charts to gauge BX's true value.
Using relative valuations ratios:
- BX could be overvalued based on its P/E ratio of 15.15x, relative to Asset Management industry P/E ratio of 6.8x
- BX could be overvalued based on its P/B ratio of 6.76x, relative to Asset Management industry P/B ratio of 1.87x
- BX may be overvalued based on its PEG ratio of 1.8x
You can do more valuation research on BX's stock here.
A look at BX Cashflows and Balance Sheet
Passed Health Checks:
- BX's operating cash flow of $5.43B allows it to safely service it's debt of $10.54B.
- BX earnings of $5.65B is not enough to cover its interest payments.
- Total BX debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- BX has a relatively high debt to equity ratio of 2.35.
- BX profit margin has gone down from 26.7% to 22.5% in the past year.
Is Blackstone stock a Buy, Hold, or Sell?
Out of 10 Equities analysts who give recommendations on BX, the consensus analyst rating on Blackstone is a Strong Buy
Should I buy or sell BX stock?
Based on 10 analysts offering ratings for Blackstone Inc.
Latest BX Analyst Ratings
Benjamin Budish, a bottom 28% analyst from Barclays maintains BX with a strong buy rating and announces their BX price target of $120.00, on Aug 31, 2022.
Brian Bedell, a bottom 9% analyst from Deutsche Bank maintains BX with a strong buy rating and raises their BX price target from $147.00 to $153.00, on Aug 12, 2022.
Michael Cyprys, a top 27% analyst from Morgan Stanley maintains BX with a strong buy rating and lowers their BX price target from $125.00 to $121.00, on Jul 27, 2022.
Robert Lee, a top 6% analyst from Keefe, Bruyette & Woods downgrades BX to a hold rating and lowers their BX price target from $127.00 to $115.00, on Jul 25, 2022.
Sumeet Mody, a top 11% analyst from Piper Sandler maintains BX with a strong buy rating and lowers their BX price target from $154.00 to $120.00, on Jul 25, 2022.
You can dig deeper into what analysts are projecting on the Blackstone stock forecast page.
BX Momentum
BX Revenue
Last year, BX earnings were $3.99B. Over the last 5 year, BX's earnings have grown by 19.74% per year. This was faster than the Asset Management industry average of 11.08%.
Last year, BX revenue was $17.74B. In the last 5 year, BX's revenue has gone up by 22.35% per year. This was slower than the Asset Management industry average of 25.06%.
You can research BX's earnings and revenue performance here.
Latest Insiders Trades at BX
In the past 12 months, insiders at BX have sold more shares than they have bought.
Ruth Porat, Director of BX, was the latest BX insider to sell. They sold $101.20 worth of BX stock on Aug 8, 2022.
Learn more about who owns BX shares here.
Does BX provide a stable income stream?
Blackstone pays a dividend of 6.25%, compared to the Asset Management industry's average dividend yield of 8.37%. If you owned $1,000 worth of BX stock, you would have received $62.53 in the past year.
Blackstone dividend payments have not consistently grown over the past decade and have not remained stable.
Find more analysis about Blackstone dividend yield and history here.
Get opinions from other traders
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your BX buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount limit, place a limit order.
Hit the Open button and eToro will execute the order.
If you require additional info about investing in stocks on eToro, click the helpful video below:
Step 6: Monitor your investment in BX
Now that you own some BX shares, you'll want to stay up-to-date on your new shares.
Create a watchlist to monitor your BX stock.
BX Feed
How to Buy Stock in Blackstone
To reiterate, here are the 6 steps to buy Blackstone stock:
- Choose where to buy Blackstone stock
- Open your brokerage account
- Put funds into your brokerage account
- Research Blackstone stock
- Place your BX buy order
- Monitor your investment in BX
If you are looking for a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Blackstone, create a watchlist on WallStreetZen today.
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