NYSE:BX - Blackstone Group Stock Price, Forecast & News

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. Investors of record on Monday, November 4th will be given a dividend of $0.49 per share on Tuesday, November 12th. This represents a $1.96 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend 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 earnings results on Wednesday, October, 23rd. The asset manager reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The asset manager earned $1.74 billion during the quarter, compared to analyst estimates of $1.31 billion. Blackstone Group had a return on equity of 7.61% and a net margin of 27.05%. Blackstone Group's revenue was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $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 analysts have issued 12 month price objectives for Blackstone Group's stock. Their forecasts range from $44.00 to $60.00. On average, they expect Blackstone Group's share price to reach $52.25 in the next twelve months. This suggests that the stock has a possible downside of 3.1%. 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.

News headlines about BX stock have been trending somewhat negative on Friday, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Blackstone Group earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave news coverage about the asset manager a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Blackstone Group.

Blackstone Group saw a decline in short interest during the month of November. As of November 15th, there was short interest totalling 14,900,000 shares, a decline of 8.1% from the October 31st total of 16,210,000 shares. Based on an average trading volume of 6,400,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.3% of the company's shares 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), The Carlyle Group (CG) and Legg Mason (LM).

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), NVIDIA (NVDA), AbbVie (ABBV), Micron Technology (MU), JPMorgan Chase & Co. (JPM), Cisco Systems (CSCO) and Walt Disney (DIS).

Blackstone Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (1.25%), CIBC Private Wealth Group LLC (0.62%), Beck Mack & Oliver LLC (0.48%), HMI Capital LLC (0.33%), Chilton Investment Co. LLC (0.29%) and GVO Asset Management Ltd (0.28%). 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, Select Equity Group L.P., HMI Capital LLC, PM CAPITAL Ltd, State of New Jersey Common Pension Fund D, LGT Capital Partners LTD., Beck Mack & Oliver LLC and Account Management LLC. Company insiders that have sold Blackstone Group company stock in the last year include Bennett J Goodman, Blackstone Group Inc, Christopher Striano, Hamilton E James, Holdings LP Blackstone III and Joan Solotar. View Insider Buying and Selling for Blackstone Group.

BX stock was acquired by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, GVO Asset Management Ltd, USS Investment Management Ltd, State Street Corp, Coronation Fund Managers Ltd., Russell Investments Group Ltd., Prospera Financial Services Inc and Castleark Management LLC. 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 $53.92.

Blackstone Group has a market capitalization of $35.55 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]