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 the acquisition of a sandwich shop chain, along with investments in consumer-facing coffee and smoothie companies. The company also acquired a $1 billion portfolio of infrastructure loans this month.
In the quarter ended 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 exceeded expectations. On the inflow side, BX’s credit and insurance segment brought in $21.4 billion, which was more than half of the funds raised across all segments. Moreover, the company’s credit assets totaled $354.7 billion, while total assets stood at $1.1 trillion.
It’s no wonder BX stock is up 44% this year – and it could rise even more. MAPsignals data shows how Big Money investors are betting heavily on the stock’s future outlook.
Institutional figures reveal a lot. Over the past year, BX has enjoyed strong investor demand, which we believe is institutional support.
Any green bar signals unusually high volumes in BX stock. They reflect our own inflow signal, driving stocks higher:
Many names from the financial sector are currently accumulating. But there is a powerful fundamental story happening with Blackstone.
Institutional backing and a sound fundamental background make this company worth investigating. As you can see, BX has had strong revenue and profit growth:
Source: FactSet
Furthermore, earnings per share are expected to rise by +33.1% this year.
Now it makes sense why the stock has soared to new highs. BX has a track record of strong financial performance.
Combining great fundamentals with our proprietary software has created some big winning stocks over the long term.
Blackstone is a top-rated stock at MAPsignals. That means the stock is experiencing unusual buying pressure and growing fundamentals. We have a ranking process that shows these types of stocks on a weekly basis.
It has made the rare Top 20 report several times over the past two years. The blue bars below show when BX was a top pick… causing stock values to rise:
Tracking unusual volumes reveals the power of money flows.
This is a trait that most outliers exhibit… the best of the best. The demand for big money drives stocks higher.
The BX rally is not new at all. Big Money buying the stock is a signal to pay attention. Given its historical gains 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’re a Registered Investment Advisor (RIA) or serious investor, you can take your investing to the next level. Read more about the MAPsignals process here.
This article was originally posted on FX Empire
