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 announced a quarterly dividend on Wednesday, October 23rd. Investors 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 yield of 3.77%. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from Blackstone Group's previous quarterly dividend of $0.48. View Blackstone Group's Dividend History.

Blackstone Group LP (NYSE:BX) released its quarterly earnings results on Wednesday, October, 23rd. The asset manager reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The asset manager had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.31 billion. Blackstone Group had a net margin of 27.05% and a return on equity of 7.61%. Blackstone Group's quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the company 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 targets for Blackstone Group's stock. Their forecasts range from $45.00 to $60.00. On average, they anticipate Blackstone Group's stock price to reach $52.63 in the next year. This suggests a possible upside of 1.3% 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.

Press coverage about BX stock has been trending very negative on Wednesday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of 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 -5 to 5, with scores nearest to five being the most favorable. Blackstone Group earned a daily sentiment score of -3.9 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Blackstone Group.

Blackstone Group saw a decline in short interest in the month of October. As of October 31st, there was short interest totalling 14,900,000 shares, a decline of 8.1% from the September 30th total of 16,210,000 shares. Based on an average daily volume of 6,400,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.3% of the shares of the 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 institutional and retail 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%), 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 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, 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 $51.97.

Blackstone Group has a market capitalization of $34.27 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]