Blackstone Inc. (BX) Stock Split History (2024)

FAQs

Has Blackstone stock ever split? ›

Blackstone Mortgage Trust stock (symbol: BXMT) underwent a total of 2 stock splits. The most recent stock split occured on May 7th, 2013. One BXMT share bought prior to April 3rd, 2003 would equal to 0.033333333333333 BXMT shares today.

Calculating total shares after stock split

Shareholders who wish to estimate the total number of shares that they will own after a stock split can use the following formula: Total number of shares post stock split = number of shares held * number of new shares issued for each existing share.

Key Takeaways. In a stock split, a company divides its existing stock into multiple shares to boost liquidity. Companies may also do stock splits to make share prices more attractive. For shareholders, the total dollar value of their investment remains the same because the split doesn't add real value.

Blackstone Group's analyst rating consensus is a Moderate Buy. This is based on the ratings of 16 Wall Streets Analysts.

Are Stock Splits Good or Bad? Stock splits are generally done when the stock price of a company has risen so high that it might become an impediment to new investors. Therefore, a split is often the result of growth or the prospects of future growth, and it's a positive signal.

A stock split doesn't change the value of your investment. If you own the stock of a company that executes a stock split, the details of your position change, but the total value of your position does not. Here are the key things to know about stock splits.

Does it matter to buy before or after a stock split? If you buy a stock before it splits, you'll pay more per share than what it'll cost after it splits. If you're looking to buy into a stock at a cheaper price, you may want to wait until after the stock split.

Disadvantages of a Stock Split

A company cannot rely on a stock split to increase its value or market cap. A stock split divides the existing shares, thus keeping the market cap the same as before. Not to forget, a company must invest some amount to conduct a stock split.

Why is a share of Berkshire Hathaway over $300,000? ›

How did the Berkshire Hathaway Class A shares become so expensive? It was a deliberate strategy by Warren Buffett to keep the number of shareholders low. When most companies increase in value, the corporation will “split” shares - give you two shares for each one you have, cutting the price in half.

There is no set definition for what makes a concentrated position. When an investment in a single stock represents more than 5% of a portfolio, T. Rowe Price advisors consider it to be worth addressing. Once a holding exceeds 10%, however, it represents a greater risk that requires more immediate planning.

With that being said, Blackstone Mortgage Trust's dividend should be well-covered, and I do not foresee or predict a dividend adjustment in 2024. The stock sells for an excessively big discount to book value, which incorporates a high margin of dividend safety.

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Blackstone stock have an average target of 121.84, with a low estimate of 94 and a high estimate of 146. The average target predicts an increase of 2.91% from the current stock price of 118.40.

The intrinsic value of one BX stock under the Base Case scenario is 107.7 USD. Compared to the current market price of 118.4 USD, Blackstone Inc is Overvalued by 9%.

BLACKROCK INC: SHARES OF ISHARES CORE S&P MID-CAP ETF WILL BEGIN TRADING ON A SPLIT-ADJUSTED BASIS ON FEBRUARY 22, 2024. BLACKROCK INC- SHARES OF EACH FUND OTHER THAN ISHARES CORE S&P MID-CAP ETF WILL BEGIN TRADING ON A SPLIT-ADJUSTED BASIS ON MARCH 7, 2024.

Blackstone stock was down about 3% in recent trading after President Jonathan Gray told analysts on a conference call that it could take time for distributable earnings to come out of "hibernation." Here are some key metrics from the first-quarter report: Net income was $847.4 million, or $1.11 a share.

Blackstone Stock Forecast

The 19 analysts with 12-month price forecasts for Blackstone stock have an average target of 121.84, with a low estimate of 94 and a high estimate of 146. The average target predicts an increase of 2.91% from the current stock price of 118.40.

Blackstone's net income under generally accepted accounting principles fell nearly 73% to $151.8 million driven primarily by principal investment losses of nearly $300 million.