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Dems push Biden climate, health priorities toward Senate OK
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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
pixel
Transit woes mount for Boston's beleaguered subway riders
What to Expect from the Markets in a Recession
Dems push Biden climate, health priorities toward Senate OK
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
pixel
Transit woes mount for Boston's beleaguered subway riders
What to Expect from the Markets in a Recession
Dems push Biden climate, health priorities toward Senate OK
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
pixel
Transit woes mount for Boston's beleaguered subway riders
What to Expect from the Markets in a Recession
Dems push Biden climate, health priorities toward Senate OK
pixel

Blackstone - BX Stock Forecast, Price & News

$101.20
-1.64 (-1.59%)
(As of 08/5/2022 08:48 PM ET)
Add
Compare
Today's Range
$99.29
$102.43
50-Day Range
$89.63
$121.71
52-Week Range
$86.97
$149.78
Volume
2.62 million shs
Average Volume
4.88 million shs
Market Capitalization
$70.91 billion
P/E Ratio
18.47
Dividend Yield
5.02%
Price Target
$131.82

Blackstone MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
30.3% Upside
$131.82 Price Target
Short Interest
Healthy
1.94% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.72
Upright™ Environmental Score
News Sentiment
0.35mentions of Blackstone in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$11.58 M Sold Last Quarter
Proj. Earnings Growth
8.72%
From $5.16 to $5.61 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.27 out of 5 stars

Finance Sector

31st out of 1,175 stocks

Investment Advice Industry

4th out of 54 stocks

BX stock logo

About Blackstone (NYSE:BX) Stock

Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts,special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, enterprise tech and consumer, as well as consumer technologies. The fund considers investment in Asia and Latin America. It has a three year investment period. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe and North America.

Blackstone Stock Performance

Shares of Blackstone stock traded down $1.64 during midday trading on Friday, hitting $101.20. The company had a trading volume of 2,621,601 shares, compared to its average volume of 4,373,546. The stock has a market cap of $70.91 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.92 and a beta of 1.44. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $100.08 and a 200 day simple moving average of $111.36. Blackstone has a 12-month low of $86.97 and a 12-month high of $149.78.

Blackstone (NYSE:BX - Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The asset manager reported $1.49 EPS for the quarter, beating the consensus estimate of $1.47 by $0.02. Blackstone had a net margin of 22.48% and a return on equity of 20.44%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period last year, the firm posted $0.82 EPS. Blackstone's revenue was up 96.1% on a year-over-year basis. As a group, analysts predict that Blackstone will post 5.16 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 8th. Investors of record on Monday, August 1st will be issued a $1.27 dividend. The ex-dividend date of this dividend is Friday, July 29th. This represents a $5.08 annualized dividend and a yield of 5.02%. Blackstone's dividend payout ratio (DPR) is presently 92.70%.

Analyst Ratings Changes

Several analysts have commented on the stock. Jefferies Financial Group reissued a "buy" rating and set a $155.00 price target on shares of Blackstone in a research report on Wednesday, April 13th. StockNews.com lowered shares of Blackstone from a "hold" rating to a "sell" rating in a research report on Monday, July 25th. Keefe, Bruyette & Woods lowered shares of Blackstone from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $127.00 to $115.00 in a research report on Wednesday. Piper Sandler decreased their price target on shares of Blackstone from $154.00 to $120.00 and set an "overweight" rating for the company in a research report on Monday, July 25th. Finally, The Goldman Sachs Group decreased their price target on shares of Blackstone from $136.00 to $112.00 and set a "buy" rating for the company in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $131.82.

Insider Buying and Selling

In related news, major shareholder Holdings L.P. Blackstone III sold 4,236 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $100.11, for a total value of $424,065.96. Following the transaction, the insider now owns 1,311,663 shares in the company, valued at approximately $131,310,582.93. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Holdings L.P. Blackstone III sold 4,236 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $100.11, for a total transaction of $424,065.96. Following the sale, the insider now owns 1,311,663 shares of the company's stock, valued at approximately $131,310,582.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Baratta sold 71,223 shares of the firm's stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $93.95, for a total transaction of $6,691,400.85. Following the sale, the director now directly owns 1,141,965 shares in the company, valued at approximately $107,287,611.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 205,954 shares of company stock worth $11,578,255. 1.00% of the stock is owned by company insiders.

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BX Stock News Headlines

3 Large Caps With Bullish Chart Patterns (BX)
Technical analysis examines chart patterns to predict where a stock price is headed. Some patterns are bullish; others are bearish. Let’s look at a few examples of U.S large cap stocks that have recently flashed bullish price patterns.
Blackstone (NYSE:BX) Rating Lowered to Sell at StockNews.com
Blackstone (NYSE:BX) Downgraded by Keefe, Bruyette & Woods
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BX Company Calendar

Last Earnings
7/21/2022
Ex-Dividend for 8/8 Dividend
7/29/2022
Today
8/08/2022
Dividend Payable
8/08/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
N/A
Sector
Finance
Employees
3,795
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$131.82
High Stock Price Forecast
$180.00
Low Stock Price Forecast
$102.00
Forecasted Upside/Downside
+30.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$5.86 billion
Pretax Margin
58.78%

Debt

Sales & Book Value

Annual Sales
$22.58 billion
Cash Flow
$5.11 per share
Book Value
$31.50 per share

Miscellaneous

Free Float
693,717,000
Market Cap
$70.91 billion
Optionable
Optionable
Beta
1.44

Key Executives

  • Mr. Stephen Allen Schwarzman B.A. (Age 75)
    M.B.A., Chairman, CEO & Co-Founder
    Comp: $160.28M
  • Mr. Jonathan D. Gray (Age 53)
    Gen. Partner, Pres, COO & Director
    Comp: $104.19M
  • Mr. Michael S. Chae J.D. (Age 54)
    Chief Financial Officer
    Comp: $19.53M
  • Mr. John Gary Finley (Age 65)
    Chief Legal Officer
    Comp: $8.17M
  • Mr. Joseph Patrick Baratta (Age 51)
    Global Head of Private Equity & Director
  • Mr. Jay O. Light Ph.D. (Age 80)
    Gen. Partner & Independent Director
    Comp: $200k
  • Mr. William J. Stein (Age 60)
    Sr. Managing Director of Real Estate- New York
  • Mr. Robert Christopher Heady
    Sr. MD - Hong Kong, Head of Asia Real Estate & Chairman of Asia Pacific
  • Mr. Prakash Arjandas Melwani (Age 64)
    Sr. MD & Chief Investment Officer of Private Equity - New York
  • Mr. Michael B. Nash (Age 61)
    Sr. MD of Real Estate & Co-Founder and Chairman of Blackstone Real Estate Debt Strategies













BX Stock - Frequently Asked Questions

Should I buy or sell Blackstone stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Blackstone in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Blackstone stock.
View analyst ratings for Blackstone
or view top-rated stocks.

What is Blackstone's stock price forecast for 2022?

12 brokers have issued twelve-month price targets for Blackstone's shares. Their BX stock forecasts range from $102.00 to $180.00. On average, they anticipate Blackstone's share price to reach $131.82 in the next year. This suggests a possible upside of 30.3% from the stock's current price.
View analysts' price targets for Blackstone
or view top-rated stocks among Wall Street analysts.

How has Blackstone's stock price performed in 2022?

Blackstone's stock was trading at $129.39 at the beginning of 2022. Since then, BX stock has decreased by 21.8% and is now trading at $101.20.
View the best growth stocks for 2022 here
.

When is Blackstone's next earnings date?

Blackstone is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our earnings forecast for Blackstone
.

How were Blackstone's earnings last quarter?

Blackstone Inc. (NYSE:BX) posted its quarterly earnings data on Thursday, July, 21st. The asset manager reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.02. The asset manager had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $3.46 billion. Blackstone had a net margin of 22.48% and a trailing twelve-month return on equity of 20.44%. The business's revenue for the quarter was up 96.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 earnings per share.

How often does Blackstone pay dividends? What is the dividend yield for Blackstone?

Blackstone announced a quarterly dividend on Friday, July 22nd. Shareholders of record on Monday, August 1st will be given a dividend of $1.27 per share on Monday, August 8th. This represents a $5.08 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Friday, July 29th.
View Blackstone's dividend history
.

Is Blackstone a good dividend stock?

Blackstone(NYSE:BX) pays an annual dividend of $5.08 per share and currently has a dividend yield of 5.02%. BX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Blackstone is 92.70%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Blackstone will have a dividend payout ratio of 90.55% in the coming year. This indicates that Blackstone may not be able to sustain their current dividend.
View Blackstone's dividend history.

What other stocks do shareholders of Blackstone own?

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

What is Blackstone's stock symbol?

Blackstone trades on the New York Stock Exchange (NYSE) under the ticker symbol "BX."

Who are Blackstone's major shareholders?

Blackstone's stock is owned by a number of institutional and retail investors. Top institutional shareholders include CIBC Private Wealth Group LLC (1.02%), Brown Advisory Inc. (0.81%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), TD Asset Management Inc. (0.19%), Douglas Lane & Associates LLC (0.16%) and Alphinity Investment Management Pty Ltd (0.15%). Company insiders that own Blackstone stock include Blackstone Bdc Holdings Llc, Blackstone Group Inc, Christopher Striano, Clarus Gp LP Blackstone, David Payne, Hamilton E James, Holdings LP Blackstone II, Holdings LP Blackstone III, James Breyer, Joan Solotar, John G Finley, John G Finley, Joseph Baratta, Lifesciences Iii LP Clarus, Ruth Porat and Tactical Opportunit Blackstone.
View institutional ownership trends for Blackstone
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Blackstone's stock price today?

One share of BX stock can currently be purchased for approximately $101.20.

How much money does Blackstone make?

Blackstone (NYSE:BX) has a market capitalization of $70.91 billion and generates $22.58 billion in revenue each year. The asset manager earns $5.86 billion in net income (profit) each year or $5.48 on an earnings per share basis.

How many employees does Blackstone have?

Blackstone employs 3,795 workers across the globe.

When was Blackstone founded?

Blackstone was founded in 1985.

How can I contact Blackstone?

Blackstone's mailing address is 345 Park Avenue, New York NY, 10154. The official website for Blackstone is www.blackstone.com. The asset manager can be reached via phone at (212) 583-5000, via email at blackstoneinvestorrelations@blackstone.com, or via fax at 212-583-5749.

This page (NYSE:BX) was last updated on 8/8/2022 by MarketBeat.com Staff

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