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

$52.52
-0.11 (-0.21 %)
(As of 11/17/2019 04:22 AM ET)
Today's Range
$52.41
Now: $52.52
$53.14
50-Day Range
$45.68
MA: $50.00
$53.73
52-Week Range
$26.88
Now: $52.52
$55.17
Volume2.21 million shs
Average Volume4.25 million shs
Market Capitalization$34.63 billion
P/E Ratio23.24
Dividend Yield3.74%
Beta1.47
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. Read More…

Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-583-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.83 billion
Cash Flow$2.42 per share
Book Value$22.05 per share

Profitability

Net Income$1.54 billion

Miscellaneous

Employees2,615
Market Cap$34.63 billion
Next Earnings Date1/30/2020 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Wednesday, October 23rd. Stockholders 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 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Friday, November 1st. This is a positive change 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) issued its quarterly earnings data on Wednesday, October, 23rd. The asset manager reported $0.58 earnings per share for the quarter, topping the Zacks' 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 company's quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share. View Blackstone Group's Earnings History.

When is Blackstone Group's next earnings date?

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

What price target have analysts set for BX?

10 equities research analysts have issued 12 month target prices for Blackstone Group's stock. Their forecasts range from $45.00 to $60.00. On average, they anticipate Blackstone Group's share price to reach $52.63 in the next twelve months. This suggests a possible upside of 0.2% from the stock's current price. 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 negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing 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 news impact score of -1.0 on InfoTrie's scale. They also gave news headlines about the asset manager a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the stock's share price in the near future. View News Stories for Blackstone Group.

Are investors shorting 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 daily 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 company are short sold. View Blackstone Group's Current Options Chain.

Who are some of Blackstone Group's key competitors?

What other stocks do shareholders of Blackstone Group own?

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).

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 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.

Which institutional 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, 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.

Which institutional 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, 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.

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 $52.52.

How big of a company is Blackstone Group?

Blackstone Group has a market capitalization of $34.63 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?

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

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)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  1,030 (Vote Outperform)
Underperform Votes:  662 (Vote Underperform)
Total Votes:  1,692
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.
This page was last updated on 11/17/2019 by MarketBeat.com Staff

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