Blackstone Shares Rise After Strong Inflows, Acquisitions

Blackstone manages investments and funds on behalf of its clients. It operates through real estate, private equity, credit and insurance, and hedge fund segments. BX recently completed acquisition of a sandwich shop chain, along with investments in consumer-facing coffee and smoothie businesses. The company also acquired a $1 billion infrastructure loan portfolio this month.

In the quarter that ended in September, BX reported a 5.5% year-over-year increase in distributable earnings, to nearly $1.3 billion, or $1.01 per share. That figure surpassed expectations. On the inflow side, BX’s credit and insurance segment brought in $21.4 billion, which was more than half the funds raised across all segments. Also, the company’s credit assets totaled $354.7 billion, with total assets settling at $1.1 trillion.

It’s no wonder BX shares are up 44% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Big Money Buying Blackstone

Institutional volumes reveal plenty. In the last year, BX has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in BX shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of financials names are under accumulation right now. But there’s a powerful fundamental story happening with Blackstone.

Blackstone Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, BX has had strong sales growth and profits:

• 3-year sales growth rate (+26%)
• 3-year EPS growth rate (+116.5%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +33.1%.

Now it makes sense why the stock has been powering to new heights. BX has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Blackstone has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last two years. The blue bars below show when BX was a top pick…making share values increase:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Blackstone Price Prediction

The BX rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in BX at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.