The Blackstone Group L.P. is a global alternative asset manager. The Company's alternative asset management businesses include investment vehicles focused on private equity, non-investment grade credit, secondary private equity funds of funds and multi-asset class strategies. It operates through four segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Private Equity segment includes its corporate private equity business, which consists of its corporate private equity funds, Blackstone Capital Partners (BCP) funds, its sector-focused corporate private equity funds, including its energy-focused funds, Blackstone Energy Partners (BEP) funds and its core private equity fund. The Blackstone Real Estate Partners funds target a range of opportunistic real estate and real estate related investments. The Hedge Fund Solutions segment consists of Blackstone Alternative Asset Management (BAAM). The Credit segment consists principally of GSO Capital Partners LP (GSO).
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Asset Management
- Sub-Industry: N/A
- Symbol: NYSE:BX
- CUSIP: N/A
- Web: www.blackstone.com
- Market Cap: $21.04 billion
- Outstanding Shares: 646,742,000
- 50 Day Moving Avg: $30.22
- 200 Day Moving Avg: $29.23
- 52 Week Range: $22.45 - $33.01
Sales & Book Value:
- Trailing P/E Ratio: 16.06
- Foreward P/E Ratio: 10.26
- P/E Growth: 0.41
- Annual Revenue: $5.98 billion
- Price / Sales: 3.52
- Book Value: $10.25 per share
- Price / Book: 3.17
- Annual Dividend: $1.88
- Dividend Yield: 11.7%
- Net Margins: 20.08%
- Return on Equity: 15.59%
- Return on Assets: 8.04%
- Debt-to-Equity Ratio: 0.60%
- Current Ratio: 1.01%
- Quick Ratio: 1.01%
- Average Volume: 5.04 million shs.
- Beta: 1.42
- Short Ratio: 5.17
Frequently Asked Questions for Blackstone Group LP (NYSE:BX)
What is Blackstone Group LP's stock symbol?
Blackstone Group LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "BX."
How often does Blackstone Group LP pay dividends? What is the dividend yield for Blackstone Group LP?
Blackstone Group LP declared a quarterly dividend on Thursday, April 20th. Stockholders of record on Monday, May 1st will be paid a dividend of $0.87 per share on Monday, May 8th. This represents a $3.48 annualized dividend and a dividend yield of 10.70%. The ex-dividend date is Thursday, April 27th. This is an increase from Blackstone Group LP's previous quarterly dividend of $0.47. View Blackstone Group LP's Dividend History.
How were Blackstone Group LP's earnings last quarter?
Blackstone Group LP (NYSE:BX) posted its quarterly earnings data on Thursday, April, 20th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.69 by $0.13. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.60 billion. Blackstone Group LP had a return on equity of 15.59% and a net margin of 20.08%. The firm's revenue was up 108.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. View Blackstone Group LP's Earnings History.
When will Blackstone Group LP make its next earnings announcement?
Where is Blackstone Group LP's stock going? Where will Blackstone Group LP's stock price be in 2017?
8 brokerages have issued 1-year price targets for Blackstone Group LP's shares. Their forecasts range from $26.00 to $45.00. On average, they expect Blackstone Group LP's share price to reach $35.71 in the next year. View Analyst Ratings for Blackstone Group LP.
What are analysts saying about Blackstone Group LP stock?
Here are some recent quotes from research analysts about Blackstone Group LP stock:
- 1. Jefferies Group LLC analysts commented, "AGNC reported 1Q17 comprehensive income of $0.35 per share, versus its dividend of $0.54, so book value was down 0.9%, to $20.98." (4/27/2017)
- 2. According to Zacks Investment Research, "Blackstone’s shares outperformed the Zacks categorized Investment Management industry, over the past six months. While the company remains well positioned to capitalize on the changing investment landscape by making long-term investments and augmenting its fund-raising ability, increased dependence on management and advisory fees remain a near-term headwind. Further, regulatory changes in the finance sector will likely dent its ability to raise funds to some extent. Also, the company continues to face the adverse effects of ongoing volatility in the capital market." (4/7/2017)
Are investors shorting Blackstone Group LP?
Blackstone Group LP saw a decrease in short interest during the month of May. As of May 15th, there was short interest totalling 18,149,242 shares, a decrease of 22.4% from the April 28th total of 23,397,272 shares. Based on an average daily trading volume, of 4,756,069 shares, the short-interest ratio is currently 3.8 days. Currently, 2.8% of the company's shares are sold short.
Who are some of Blackstone Group LP's key competitors?
Some companies that are related to Blackstone Group LP include State Street Corp (STT), Franklin Resources (BEN), Northern Trust (NTRS), Ameriprise Financial (AMP), T. Rowe Price Group (TROW), Invesco (IVZ), KKR & Co. L.P. (KKR), Affiliated Managers Group (AMG), SEI Investments Company (SEIC), Voya Financial (VOYA), Lazard Ltd (LAZ), Eaton Vance Corp (EV), Ares Management LP (ARES), Legg Mason (LM), Oaktree Capital Group LLC (OAK), Evercore Partners (EVR), Janus Capital Group (JNS) and Federated Investors (FII).
Who owns Blackstone Group LP stock?
Blackstone Group LP's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (6.13%), Morgan Stanley (5.11%), Janus Capital Management LLC (2.92%), Massachusetts Financial Services Co. MA (2.02%), ING Groep NV (1.54%) and Bank of Montreal Can (0.86%). Company insiders that own Blackstone Group LP stock include Bennett J Goodman, Group LP Blackstone, Holdings LP Blackstone III, John G Finley and Kathleen Skero. View Institutional Ownership Trends for Blackstone Group LP.
Who sold Blackstone Group LP stock? Who is selling Blackstone Group LP stock?
Blackstone Group LP's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, FMR LLC, Ameriprise Financial Inc., Credit Suisse AG, Thrivent Financial For Lutherans, Clinton Group Inc., ING Groep NV and Factory Mutual Insurance Co.. Company insiders that have sold Blackstone Group LP stock in the last year include Bennett J Goodman, Holdings LP Blackstone III, John G Finley and Kathleen Skero. View Insider Buying and Selling for Blackstone Group LP.
Who bought Blackstone Group LP stock? Who is buying Blackstone Group LP stock?
Blackstone Group LP's stock was purchased by a variety of institutional investors in the last quarter, including Janus Capital Management LLC, Morgan Stanley, State of New Jersey Common Pension Fund D, Wellington Management Group LLP, Russell Investments Group Ltd., Gluskin Sheff & Assoc Inc., Massachusetts Financial Services Co. MA and Renaissance Technologies LLC. View Insider Buying and Selling for Blackstone Group LP.
How do I buy Blackstone Group LP stock?
Shares of Blackstone Group LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Blackstone Group LP stock cost?
One share of Blackstone Group LP stock can currently be purchased for approximately $32.53.
Earnings History for Blackstone Group LP (NYSE:BX)Earnings History by Quarter for Blackstone Group LP (NYSE:BX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/19/2017|| || || || || || || || |
|4/20/2017||Q1 2017||$0.69||$0.82||$1.60 billion||$1.94 billion||View||N/A|
|1/26/2017||Q416||$0.64||$0.68||$1.52 billion||$1.57 billion||View||N/A|
|10/27/2016||Q316||$0.51||$0.57||$1.55 billion||$1.43 billion||View||Listen|
|7/21/2016||Q216||$0.39||$0.44||$1.11 billion||$1.17 billion||View||Listen|
|4/21/2016||Q116||$0.37||$0.31||$955.75 million||$929.45 million||View||Listen|
|1/28/2016||Q415||$0.46||$0.37||$1.52 billion||$877.20 billion||View||Listen|
|10/15/2015||Q315||($0.23)||($0.35)||$1.79 billion||($32,200,000.00) million||View||Listen|
|7/16/2015||Q215||$0.52||$0.43||$1.31 billion||$1.20 billion||View||Listen|
|4/16/2015||Q115||$1.05||$1.37||$2.04 billion||$2.51 billion||View||N/A|
|1/29/2015||Q414||$0.95||$1.25||$1.47 billion||$2.14 billion||View||N/A|
|10/16/2014||Q314||$0.78||$0.66||$1.60 billion||$1.65 billion||View||Listen|
|7/17/2014||Q214||$0.70||$1.15||$1.53 billion||$938.88 million||View||N/A|
|4/17/2014||Q114||$0.56||$0.70||$1.32 billion||$484.00 million||View||N/A|
|1/31/2014||Q413||$0.64||$0.68||$1.39 billion||$2.69 billion||View||N/A|
|10/17/2013||Q313||$0.59||$0.56||$1.33 billion||$1.23 billion||View||N/A|
|7/18/2013||Q2 2013||$0.54||$0.62||$1.22 billion||$1.43 billion||View||N/A|
|4/18/2013||Q1 2013||$0.51||$0.55||$1.13 billion||$1.26 billion||View||N/A|
|1/31/2013||Q4 2012||$0.47||$0.59||$1.15 billion||$1.23 billion||View||N/A|
Earnings Estimates for Blackstone Group LP (NYSE:BX)
2017 EPS Consensus Estimate: $2.68
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Blackstone Group LP (NYSE:BX)
|Most Recent Dividend:||5/8/2017|
|Dividend Growth:||22.10% (3 Year Average)|
|Payout Ratio:||121.29% (Trailing 12 Months of Earnings) |
64.60% (Based on This Year's Estimates)
59.31% (Based on Next Year's Estimates)
|Track Record:||4 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Blackstone Group LP (NYSE:BX)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Blackstone Group LP (NYSE:BX)
Insider Ownership Percentage: 1.00%Insider Trades by Quarter for Blackstone Group LP (NYSE:BX)
Institutional Ownership Percentage: 43.26%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/15/2017||John G Finley||Insider||Sell||20,000||$30.72||$614,400.00|| |
|2/10/2017||Bennett J Goodman||Director||Sell||635,075||$30.26||$19,217,369.50|| |
|1/13/2017||Holdings L.P. Blackstone III||Major Shareholder||Sell||9,728,297||$22.67||$220,540,492.99|| |
|12/19/2016||John G Finley||Insider||Sell||10,000||$29.00||$290,000.00|| |
|11/21/2016||Holdings L.P. Blackstone III||Major Shareholder||Sell||9,728,297||$22.66||$220,443,210.02|| |
|9/7/2016||Kathleen Skero||Insider||Sell||11,500||$26.51||$304,865.00|| |
|8/15/2016||Kathleen Skero||Insider||Sell||11,000||$27.87||$306,570.00|| |
|11/4/2015||Group L.P. Blackstone||Major Shareholder||Buy||60,000||$13.79||$827,400.00|| |
|11/3/2015||Group L.P. Blackstone||Major Shareholder||Buy||100,000||$12.72||$1,272,000.00|| |
|11/2/2015||Group L.P. Blackstone||Major Shareholder||Buy||50,000||$12.37||$618,500.00|| |
|9/3/2015||Kathleen Skero||insider||Sell||2,800||$34.07||$95,396.00|| |
|4/29/2015||John G Finley||Insider||Sell||12,000||$42.18||$506,160.00|| |
|3/4/2015||Hamilton E James||COO||Sell||655,000||$38.27||$25,066,850.00|| |
|3/3/2015||Hamilton E James||COO||Sell||475,000||$37.93||$18,016,750.00|| |
|3/2/2015||Hamilton E James||COO||Sell||870,000||$38.12||$33,164,400.00|| |
|2/19/2015||J Tomilson Hill||Vice Chairman||Sell||443,240||$36.34||$16,107,341.60|| |
|8/12/2014||Real Estate Associa Blackstone||Major Shareholder||Sell||8,050,000||$21.10||$169,855,000.00|| |
|2/12/2014||Laurence Tosi||CFO||Sell||200,000||$31.57||$6,314,000.00|| |
|10/25/2013||Hamilton E James||COO||Sell||3,250,000||$27.26||$88,595,000.00|| |
|7/31/2013||Hamilton E James||COO||Sell||1,500,000||$22.81||$34,215,000.00|| |
|2/15/2013||Hamilton E James||COO||Sell||3,500,000||$18.35||$64,225,000.00|| |
Headline Trends for Blackstone Group LP (NYSE:BX)
Latest Headlines for Blackstone Group LP (NYSE:BX)
Blackstone Group LP (BX) Chart for Wednesday, May, 24, 2017