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NYSE:BX

Blackstone (BX) Stock Price, News & Analysis

$142.00
+1.98 (+1.41%)
(As of 07/26/2024 ET)
Today's Range
$140.21
$142.90
50-Day Range
$116.13
$143.62
52-Week Range
$88.59
$145.16
Volume
3.21 million shs
Average Volume
3.56 million shs
Market Capitalization
$101.48 billion
P/E Ratio
50.18
Dividend Yield
2.34%
Price Target
$127.56

Blackstone MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
10.2% Downside
$127.56 Price Target
Short Interest
Healthy
2.45% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.72
Upright™ Environmental Score
News Sentiment
0.49mentions of Blackstone in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$14.32 M Sold Last Quarter
Proj. Earnings Growth
29.69%
From $4.58 to $5.94 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.70 out of 5 stars

Finance Sector

82nd out of 898 stocks

Investment Advice Industry

6th out of 49 stocks

BX stock logo

About Blackstone Stock (NYSE:BX)

Blackstone Inc. is a leading American alternative investment management company headquartered in New York City. Founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers, Blackstone has emerged as a global powerhouse in the investment industry. The company operates through various business segments, including private equity, real estate, credit, hedge funds, infrastructure, secondaries, and growth equity.

The company's mission is to create long-term value for its investors, partners, and clients by leveraging its deep industry expertise and global network. Blackstone focuses on delivering exceptional risk-adjusted returns by investing across a range of asset classes and geographies.

Blackstone's key products and services span multiple sectors. In private equity, the company specializes in leveraged buyouts, minority investments, corporate partnerships, and industry consolidations. The real estate division actively acquires and manages commercial properties, while the credit segment focuses on debt investments, mezzanine funds, and closed-end mutual funds. Blackstone's hedge funds offer investment opportunities across different strategies, and the infrastructure division targets infrastructure-related assets. 

The company primarily caters to institutional investors such as pension funds, insurance companies, endowments, high-net-worth individuals, and sovereign wealth funds. Blackstone's key customers are sophisticated investors seeking attractive risk-adjusted returns and diversification across asset classes. With a track record of successful investments, the company has earned the trust of its clients and established itself as a leader in the alternative investment space.

Blackstone boasts a highly experienced and talented management team that drives the company's success. At the helm is Chairman, Chief Executive Officer, and Co-founder Stephen A. Schwarzman, a visionary leader who has played a pivotal role in shaping the company's growth strategy. Schwarzman brings extensive industry knowledge and a deep understanding of global markets to his role. Assisting Schwarzman is President and Chief Operating Officer Jonathan D. Gray, who has been instrumental in expanding Blackstone's real estate business and driving its investment performance. With a strong background in finance, Gray has been a key driver of the company's growth and strategic initiatives.

Blackstone has consistently demonstrated mixed financial results, as indicated by its revenue growth over the past few years. This may indicate the company's inability to consistently identify attractive investment opportunities and generate value for its investors. Additionally, Blackstone's earnings metrics indicate it has successfully generated profits and may have identified long-term value-creation opportunities.

The company's profit margin metrics indicate efficient cost management and the ability to generate an average return on its investments. Blackstone's prudent approach to managing debt ensures a healthy financial position, maintaining a balanced capital structure and mitigating the risks associated with excessive leverage.

Valuation is an essential consideration for investors, and comparing Blackstone's valuation metrics to industry peers helps assess its relative attractiveness. The company's strong track record, diversified investment portfolio, and consistent returns drive its valuation. It is important to note that changes in investor sentiment, market conditions, and the regulatory environment can impact Blackstone's valuation.

Blackstone is a leading alternative investment management company in a dynamic and competitive industry. A comprehensive analysis of the broader industry in which Blackstone operates is vital to understand the company's competitive positioning. The company has established a strong reputation and competitive advantage through its deep industry expertise, global network, and track record of successful investments. This positions Blackstone favorably in the industry, enabling it to source attractive investment opportunities and deliver value to its clients.

Blackstone is well-positioned to capitalize on various growth opportunities within the alternative investment landscape. The company's strong financial position, global network, and experienced team enable it to identify and pursue compelling investment opportunities. Blackstone's competitive advantages, including its deep industry knowledge, extensive resources, and established relationships, support its ability to drive growth and generate attractive risk-adjusted returns for its investors.

While Blackstone has a successful track record, it is not immune to risks and challenges. Potential risks include market volatility, economic downturns, regulatory changes, and unexpected events impacting the industries in which the company invests. Blackstone's risk management strategies and expertise in risk assessment help mitigate these potential challenges. Additionally, the company's broad investment portfolio and diversified approach provide some level of protection against specific risks.

BX Stock Price History

BX Stock News Headlines

Blackstone (NYSE:BX) Hits New 12-Month High Following Analyst Upgrade
Prepare for a Recession Unlike Any Other
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Morgan Stanley Increases Blackstone (NYSE:BX) Price Target to $164.00
This TSLA short trade is on a nine win hot streak
Most Tesla Shareholders are disappointed in the stock's performance in 2024. Year to date, it's down 30%... And things don’t seem to be getting better. That said, one professional trader has found a way to turn Tesla’s demise into a flurry of opportunity… In fact, he has not lost a single trade on Tesla this year. As of this mailing he’s 9 for 9 with incredible wins under his belt. Just see for yourself.
Key Takeaways From Blackstone Analyst Ratings
Playing Real-Life Monopoly With Blackstone
Blackstone (NYSE:BX) PT Raised to $141.00
See More Headlines
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Company Calendar

Ex-Dividend for 5/6 Dividend
4/26/2024
Dividend Payable
5/06/2024
Last Earnings
7/18/2024
Today
7/26/2024
Ex-Dividend for 8/5 Dividend
7/29/2024
Dividend Payable
8/05/2024
Next Earnings (Estimated)
10/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
Trading
Employees
4,735
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$127.56
High Stock Price Target
$164.00
Low Stock Price Target
$100.00
Potential Upside/Downside
-10.4%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
17 Analysts

Profitability

Net Income
$1.39 billion
Pretax Margin
42.29%

Debt

Sales & Book Value

Annual Sales
$8.02 billion
Cash Flow
$4.40 per share
Book Value
$24.89 per share

Miscellaneous

Free Float
707,500,000
Market Cap
$101.71 billion
Optionable
Optionable
Beta
1.50

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Key Executives

  • Mr. Stephen Allen Schwarzman B.A.Mr. Stephen Allen Schwarzman B.A. (Age 77)
    M.B.A., Chairman, CEO & Co-Founder
    Comp: $119.78M
  • Mr. Jonathan D. Gray CIMA (Age 55)
    General Partner, President, COO & Director
    Comp: $87.83M
  • Mr. Michael S. Chae J.D. (Age 56)
    Chief Financial Officer
    Comp: $14.25M
  • Mr. Vikrant Sawhney J.D.
    Chief Administrative Officer & Global Head of Institutional Client Solutions
  • Mr. John Gary FinleyMr. John Gary Finley (Age 67)
    Chief Legal Officer
    Comp: $6.59M
  • Mr. Joseph Patrick Baratta (Age 53)
    Global Head of Private Equity & Director
  • Mr. William J. Stein (Age 62)
    Senior Managing Director of Real Estate- New York
  • Mr. Robert Christopher Heady
    Senior MD - Hong Kong, Head of Asia Real Estate & Chairman of Asia Pacific
  • Mr. Michael B. Nash (Age 63)
    Senior MD of Real Estate & Co-Founder and Chairman of Blackstone Real Estate Debt Strategies
  • Mr. Mustafa M. Siddiqui
    Former Senior MD of BXMA - New York & Co-Head of Strategic Capital Group

Should I Buy Blackstone Stock? BX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Blackstone Inc.:

  • Blackstone Inc. is an alternative asset management firm specializing in various investment strategies such as real estate, private equity, hedge fund solutions, and more.
  • The firm typically invests in early-stage companies, providing potential for high growth opportunities.
  • Blackstone Inc. has a diverse portfolio including public debt and equity, multi-asset class strategies, and secondary funds of funds.
  • Recent developments show that Blackstone Inc. has been performing well in the market, with a current stock price that reflects positive investor sentiment.
  • Investing in Blackstone Inc. can provide exposure to different sectors and asset classes, reducing overall investment risk.

Cons

Investors should be bearish about investing in Blackstone Inc. for these reasons:

  • While Blackstone Inc. offers diverse investment opportunities, the firm's focus on alternative assets may not align with all investors' risk tolerance and investment goals.
  • Investing in early-stage companies can be risky and may not always result in positive returns.
  • Blackstone Inc.'s performance is subject to market fluctuations and economic conditions, which can impact investment outcomes.
  • There may be concerns about the firm's ability to sustain growth and deliver consistent returns over the long term.
  • Investors should carefully consider their investment objectives and risk tolerance before investing in Blackstone Inc.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, July 22, 2024. Please send any questions or comments about these Blackstone pros and cons to contact@marketbeat.com.

BX Stock Analysis - Frequently Asked Questions

How have BX shares performed this year?

Blackstone's stock was trading at $130.92 at the beginning of the year. Since then, BX stock has increased by 8.5% and is now trading at $142.00.
View the best growth stocks for 2024 here
.

How were Blackstone's earnings last quarter?

Blackstone Inc. (NYSE:BX) posted its earnings results on Thursday, July, 18th. The asset manager reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by $0.03. The company's revenue for the quarter was up 166.9% compared to the same quarter last year.

Does Blackstone have any subsidiaries?

Blackstone subsidiaries include these companies: American Campus Communities, ASK Investment Managers, International Data Group, Sphera, QTS Realty Trust, Ellucian, Bourne Leisure, and more.

Who are Blackstone's major shareholders?

Top institutional shareholders of Blackstone include Bank of New York Mellon Corp (0.63%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Cryder Capital Partners LLP (0.20%) and Raymond James & Associates (0.19%). Insiders that own company stock include Tactical Opportunit Blackstone, Altus Holdings Lp Gso, Holdings LP Blackstone III, Joseph Baratta, John G Finley, David Payne, Holdings I/Ii Gp L Blackstone, James Breyer, Ruth Porat, William G Parrett, Reginald J Brown, Bx Buzz Ml-1 Gp Llc, Lower Holdings LP Juno, Holdings LP Blackstone II, Multi-Asset Direct Blackstone and Hamilton E James.
View institutional ownership trends
.

How do I buy shares of Blackstone?

Shares of BX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Blackstone own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Blackstone investors own include AT&T (T), Bank of America (BAC), AbbVie (ABBV), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA) and Verizon Communications (VZ).

This page (NYSE:BX) was last updated on 7/26/2024 by MarketBeat.com Staff

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