Blackstone Group Stock Price, Forecast & Analysis (NYSE:BX)

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

Blackstone Group declared a quarterly dividend on Wednesday, October 23rd. Stockholders of record on Monday, November 4th will be paid a dividend of $0.49 per share on Tuesday, November 12th. This represents a $1.96 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Friday, November 1st. This is an increase from Blackstone Group's previous quarterly dividend of $0.48. View Blackstone Group's Dividend History.

Blackstone Group LP (NYSE:BX) posted its quarterly earnings data on Wednesday, October, 23rd. The asset manager reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The asset manager had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.31 billion. Blackstone Group had a return on equity of 7.61% and a net margin of 27.05%. The firm's revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. View Blackstone Group's Earnings History.

Blackstone Group is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Blackstone Group.

10 brokers have issued 1-year price targets for Blackstone Group's shares. Their forecasts range from $45.00 to $60.00. On average, they expect Blackstone Group's stock price to reach $52.63 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price. View Analyst Price Targets for Blackstone Group.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Group in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Blackstone Group.

Media coverage about BX stock has been trending very negative this week, according to InfoTrie. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Blackstone Group earned a news impact score of -3.9 on InfoTrie's scale. They also gave news headlines about the asset manager a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Blackstone Group.

Blackstone Group saw a drop in short interest in October. As of October 31st, there was short interest totalling 14,900,000 shares, a drop of 8.1% from the September 30th total of 16,210,000 shares. Based on an average trading volume of 6,400,000 shares, the short-interest ratio is presently 2.3 days. Currently, 2.3% of the company's stock are short sold. View Blackstone Group's Current Options Chain.

Some companies that are related to Blackstone Group include LEG & GEN GRP P/S (LGGNY), Ameriprise Financial (AMP), KKR & Co Inc (KKR), Franklin Resources (BEN), Apollo Global Management (APO), Oaktree Capital Group LLC Unit (OAK), Invesco (IVZ), Morningstar (MORN), Eaton Vance (EV), Janus Henderson Group (JHG), Lazard (LAZ), Affiliated Managers Group (AMG), Ares Management (ARES), Legg Mason (LM) and Federated Investors (FII).

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

Blackstone Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (1.25%), CIBC Private Wealth Group LLC (0.62%), Beck Mack & Oliver LLC (0.48%), GVO Asset Management Ltd (0.28%), Russell Investments Group Ltd. (0.26%) and USS Investment Management Ltd (0.23%). Company insiders that own Blackstone Group stock include Bennett J Goodman, Blackstone Bgsl Holdings Llc, Blackstone Group Inc, Christopher Striano, Clarus Gp LP Blackstone, Group LP Blackstone, Hamilton E James, Holdings LP Blackstone III, J Tomilson Hill, Joan Solotar and John G Finley. View Institutional Ownership Trends for Blackstone Group.

BX stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, PM CAPITAL Ltd, State of New Jersey Common Pension Fund D, LGT Capital Partners LTD., Beck Mack & Oliver LLC, Account Management LLC, Thomas Story & Son LLC and Focused Wealth Management Inc. Company insiders that have sold Blackstone Group company stock in the last year include Bennett J Goodman, Christopher Striano, Hamilton E James, Holdings LP Blackstone III and Joan Solotar. View Insider Buying and Selling for Blackstone Group.

BX stock was bought by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, GVO Asset Management Ltd, USS Investment Management Ltd, Coronation Fund Managers Ltd., Russell Investments Group Ltd., Prospera Financial Services Inc, California Public Employees Retirement System and Cookson Peirce & Co. Inc.. Company insiders that have bought Blackstone Group stock in the last two years include Blackstone Bgsl Holdings Llc, Blackstone Group Inc, Clarus Gp LP Blackstone, Group LP Blackstone and Holdings LP Blackstone III. View Insider Buying and Selling for Blackstone Group.

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

One share of BX stock can currently be purchased for approximately $52.36.

Blackstone Group has a market capitalization of $34.52 billion and generates $6.83 billion in revenue each year. The asset manager earns $1.54 billion in net income (profit) each year or $2.26 on an earnings per share basis. Blackstone Group employs 2,615 workers across the globe.View Additional Information About Blackstone Group.

The official website for Blackstone Group is http://www.blackstone.com/.

Blackstone Group's mailing address is 345 Park Avenue, New York NY, 10154. The asset manager can be reached via phone at 212-583-5000 or via email at [email protected]