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 $120.32, down 2.33% from the previous day, and has increased 31.5% in one year. It has overperformed other stocks in the Asset Management industry by 0.39 percentage points. Blackstone stock is currently +50.55% from its 52-week low of $79.92, and -9.91% from its 52-week high of $133.56.
As of Apr 18, 2024, there are 714.64M shares of BX outstanding. The market capitalization of BX is $85.99B. In the last 24 hours, 5.66M 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.
- 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:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
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- Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal details so you can buy BX today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create a new trading account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have filled out your info on stock apps to use, you can securely and quickly fund your account:
Check out the video below if you need help transferring funds into your new brokerage account.
Step 4: Research Blackstone stock
After you have selected the best place to buy Blackstone stock, it's very important to evaluate their stock prior to investing, so you can comprehend the risk as well as the opportunity.
Overview of key BX info
BX Zen Score
WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.
You can see all of the due diligence checks on BX's stock page.
Is BX stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge BX's fair value.
Using relative valuations methods:
- BX may be overvalued based on its P/E ratio of 65.39x, relative to Asset Management industry P/E ratio of 30.17x
- BX may be overvalued based on its P/B ratio of 12.61x, relative to Asset Management industry P/B ratio of 2.29x
- BX may be undervalued based on its PEG ratio of 0.44x
You can access additional valuation research on BX's stock here.
BX Financial Overview
Passed Health Checks:
- BX's operating cash flow of $4.06B allows it to safely service it's debt of $12.29B.
- BX earnings of $2.34B is not enough to cover its interest payments.
Failed Health Checks:
- BX profit margin has gone down from 20.5% to 17.3% in the past year.
- BX has a relatively high debt to equity ratio of 3.26.
- Total BX debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Blackstone stock, according to Wall Street analysts?
Out of 15 Wall Street analysts who monitor BX, the consensus analyst rating on Blackstone is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest BX Analyst Recommendations
Adam Beatty, a top 39% analyst from UBS maintains BX with a strong buy rating and raises their BX price target from $134.00 to $140.00, on Jan 29, 2024.
Kenneth Worthington, a top 20% analyst from JP Morgan maintains BX with a hold rating and raises their BX price target from $91.00 to $96.00, on Jan 26, 2024.
Etienne Ricard, a top 40% analyst from BMO Capital maintains BX with a hold rating and raises their BX price target from $95.00 to $101.00, on Jan 26, 2024.
Timothy O'Shea, a top 12% analyst from Wells Fargo maintains BX with a strong buy rating and raises their BX price target from $130.00 to $134.00, on Jan 26, 2024.
Michael Brown, a top 13% analyst from Keefe, Bruyette & Woods maintains BX with a hold rating and raises their BX price target from $123.00 to $127.00, on Jan 26, 2024.
You can dig deeper into what analysts are forecasting on the Blackstone stock forecast page.
BX Trading Indicators
BX Earnings
Last year, BX earnings were $1.39B. During the last 5 year, BX's earnings have grown by -4.11% per year. This was slower than the Asset Management industry average of 7.09%.
Last year, BX revenue was $8.02B. In the past 5 year, BX's revenue has grown by 3.26% per year. This was slower than the Asset Management industry average of 20.51%.
Dive into BX's earnings and revenue performance here.
Are BX executives and large shareholders buying or selling the stock?
In the last year, executives and large shareholders at BX have sold more shares than they have bought.
Reginald J. Brown, Director of BX, was the latest BX insider to buy. They bought $301,500.00 worth of BX shares on Feb 21, 2024.
Dig into more about who owns BX stock here.
Can I rely on BX as an income stream?
No, Blackstone doesn't provide an income stream by paying out dividends.
What others are saying about BX
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your BX buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the best for newer investors. - Limit order: A limit order allows 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 particular price, place a limit order.
Hit the Open button and eToro will place your order.
If you require additional assistance buying stocks on eToro, watch the how to video below:
Step 6: Monitor your investment in BX
Now that you own some shares in BX, you'll want to stay up-to-date on your company.
Put BX on a watchlist to track the most important metrics related to your BX stock.
BX Feed
How to Buy Stock in Blackstone
To reiterate, here are the 6 steps you need to take to buy Blackstone stock right now:
- 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 need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your investment in Blackstone, create a watchlist today.
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