The Blackstone Group L.P. is a publicly owned alternative asset manager. The firm also provides capital markets services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations, retirees, sovereign wealth funds, and institutional and individual investors. The firm manages separate client focused portfolios for its clients.
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Industry, Sector and Symbol
Industry Investment advice
Sub-IndustryN/A
SectorFinance
Phone212-583-5000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$6.83 billion
Profitability
Miscellaneous
Employees2,615
Next Earnings Date1/30/2020 (Estimated)
OptionableOptionable
Blackstone Group (NYSE:BX) Frequently Asked Questions
What is Blackstone Group's stock symbol?
Blackstone Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "BX."
How often does Blackstone Group pay dividends? What is the dividend yield for Blackstone Group?
Blackstone Group declared a quarterly dividend on Wednesday, October 23rd. Shareholders 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 3.65%. The ex-dividend date is Friday, November 1st. This is a boost from Blackstone Group's previous quarterly dividend of $0.48. View Blackstone Group's Dividend History.
How were Blackstone Group's earnings last quarter?
Blackstone Group LP (NYSE:BX) released its quarterly earnings data on Wednesday, October, 23rd. The asset manager reported $0.58 earnings per share 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 analysts' expectations of $1.31 billion. Blackstone Group had a return on equity of 7.61% and a net margin of 27.05%. Blackstone Group's quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS. View Blackstone Group's Earnings History.
When is Blackstone Group's next earnings date?
What price target have analysts set for BX?
10 equities research analysts have issued 12-month price targets for Blackstone Group's shares. Their forecasts range from $44.00 to $60.00. On average, they anticipate Blackstone Group's stock price to reach $52.25 in the next year. This suggests that the stock has a possible downside of 2.8%. View Analyst Price Targets for Blackstone Group.
What is the consensus analysts' recommendation 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.
Has Blackstone Group been receiving favorable news coverage?
Media coverage about BX stock has been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. 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 coverage optimism score of 0.9 on InfoTrie's scale. They also assigned news stories about the asset manager a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Blackstone Group.
Are investors shorting Blackstone Group?
Blackstone Group saw a decline in short interest in 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 presently 2.3 days. Currently, 2.3% of the shares of the stock are short sold. View Blackstone Group's Current Options Chain.
Who are some of Blackstone Group's key competitors?
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).
What other stocks do shareholders of Blackstone Group own?
Who are Blackstone Group's key executives?
Blackstone Group's management team includes the folowing people:
- Mr. Stephen Allen Schwarzman, Chairman, CEO & Founder of Blackstone Group Management L.L.C. (Age 72)
- Mr. Hamilton Evans James, Exec. Vice Chairman of Blackstone Group Management L.L.C (Age 68)
- Mr. Jonathan D. Gray, Pres, COO & Director of Blackstone Group Management L.L.C. (Age 50)
- Mr. Michael S. Chae J.D., CFO & Sr. MD of Blackstone Group Management L.L.C. (Age 51)
- Mr. Michael B. Nash, Sr MD & Co-Founder & Chairman of Blackstone Real Estate Debt Strategies (Age 58)
Who are Blackstone Group's major shareholders?
Blackstone Group's stock is owned by a variety 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%), 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.
Which major investors are selling Blackstone Group stock?
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.
Which major investors are buying Blackstone Group stock?
BX stock was purchased 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.
How do I buy shares of 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.
What is Blackstone Group's stock price today?
One share of BX stock can currently be purchased for approximately $53.73.
How big of a company is Blackstone Group?
Blackstone Group has a market capitalization of $35.43 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.
What is Blackstone Group's official website?
How can I contact Blackstone Group?
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]
MarketBeat Community Rating for Blackstone Group (NYSE BX)
MarketBeat's community ratings are surveys of what our community members think about Blackstone Group and other stocks. Vote "Outperform" if you believe BX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BX will underperform the S&P 500 over the long term. You may vote once every thirty days.
