On December 21, 2023, Chief Accounting Officer David Payne sold 5,500 shares of Blackstone Inc (BX, Financial), as reported in a SEC Filing. Over the past year, the insider has sold a total of 15,500 shares of Blackstone Inc and has not made any purchases of the stock.
Blackstone Inc is a global leader in alternative asset management and financial services, providing solutions that include private equity, real estate, public debt and equity, non-investment grade credit, real assets, and secondary funds. The company also provides a range of financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory, and fund placement services.
The insider transaction history for Blackstone Inc indicates a trend of more insider selling than buying over the past year, with 9 insider sells and 5 insider buys recorded.
On the date of the insider's recent transaction, shares of Blackstone Inc were trading at $128.21, giving the company a market capitalization of $98.002 billion. The price-earnings ratio of the stock stood at 54.91, which is above both the industry median of 13.51 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 1.34, with a GF Value of $95.64, indicating that Blackstone Inc was significantly overvalued according to the GF Value metric. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
