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

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$33.35 +0.15 (+0.45 %)
(As of 02/19/2019 07:49 AM ET)
Previous Close$33.20
Today's Range$33.20 - $33.68
52-Week Range$26.88 - $40.60
Volume4.36 million shs
Average Volume4.05 million shs
Market Capitalization$22.09 billion
P/E Ratio14.76
Dividend Yield6.99%
Beta1.43
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. It also launches and manages private equity funds, real estate funds, funds of hedge funds, collateralized loan obligations, real estate investment trusts, and credit-focused funds for its clients. The firm invests in private equity, public equity, fixed income, and alternative investment markets across the globe. The Blackstone Group L.P. was founded in 1985 and is based in New York City, New York with additional offices in London, United Kingdom, Hong Kong, Baltimore, Maryland, Beijing, China, Copenhagen, Denmark, Dusseldorf, Germany, Los Angeles, California, Paris, France, San Francisco, California, Sao Paulo, Brazil, Singapore, Sydney, Australia, and Tokyo, Japan.

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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$5.3617 per share
Book Value$21.43 per share

Profitability

Net Income$1.54 billion

Miscellaneous

Employees2,360
Market Cap$22.09 billion
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 Friday, February 1st. Stockholders of record on Monday, February 11th will be given a dividend of $0.58 per share on Tuesday, February 19th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date is Friday, February 8th. View Blackstone Group's Dividend History.

How were Blackstone Group's earnings last quarter?

Blackstone Group LP (NYSE:BX) announced its quarterly earnings results on Thursday, January, 31st. The asset manager reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.03 by $0.05. The asset manager had revenue of $504.98 million for the quarter, compared to analysts' expectations of $381.19 million. Blackstone Group had a return on equity of 16.33% and a net margin of 22.56%. The firm's quarterly revenue was down 74.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. 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, April 18th 2019. View Earnings Estimates for Blackstone Group.

What price target have analysts set for BX?

12 Wall Street analysts have issued 1 year price objectives for Blackstone Group's stock. Their predictions range from $34.00 to $47.50. On average, they anticipate Blackstone Group's share price to reach $42.7727 in the next twelve months. This suggests a possible upside of 28.3% from the stock's current price. View Analyst Price Targets for Blackstone Group.

What is the consensus analysts' recommendation for Blackstone Group?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Group in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Blackstone Group.

Has Blackstone Group been receiving favorable news coverage?

News coverage about BX stock has been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Blackstone Group earned a media sentiment score of 1.4 on InfoTrie's scale. They also gave media headlines about the asset manager a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the immediate future.

Are investors shorting Blackstone Group?

Blackstone Group saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 29,865,005 shares, a drop of 33.5% from the December 31st total of 44,931,288 shares. Based on an average trading volume of 4,809,567 shares, the days-to-cover ratio is presently 6.2 days. Currently, 4.6% of the company's shares are short sold. View Blackstone Group's Current Options Chain.

Who are some of Blackstone Group's key competitors?

Who are Blackstone Group's key executives?

Blackstone Group's management team includes the folowing people:
  • Mr. Stephen Allen Schwarzman, Chairman, CEO & Co-Founder (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 (Age 50)
  • Mr. Michael S. Chae J.D., CFO & Sr. MD (Age 51)
  • Ms. Joan Solotar, Sr. MD and Head of Private Wealth Solutions & External Relations (Age 54)

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 Bank of Montreal Can (2.13%), Massachusetts Financial Services Co. MA (1.78%), Swedbank (0.86%), Fairview Capital Investment Management LLC (0.57%), Beck Mack & Oliver LLC (0.52%) and Amundi Pioneer Asset Management Inc. (0.52%). Company insiders that own Blackstone Group stock include Blackstone Bgsl Holdings Llc, Group LP Blackstone, J Tomilson Hill, Joan Solotar, John G Finley and Real Estate Associa Blackstone. 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, Global Thematic Partners LLC, Eaton Vance Management, Brandywine Global Investment Management LLC, PNC Financial Services Group Inc., CIBC Private Wealth Group LLC, Stratos Wealth Partners LTD. and Gabelli Funds LLC. Company insiders that have sold Blackstone Group company stock in the last year include J Tomilson Hill and John G Finley. View Insider Buying and Selling for Blackstone Group.

Which major investors are buying Blackstone Group stock?

BX stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Vantage Investment Partners LLC, Fairview Capital Investment Management LLC, RMB Capital Management LLC, Toronto Dominion Bank, HMI Capital LLC, SHANDA ASSET MANAGEMENT HOLDINGS Ltd and Swedbank. Company insiders that have bought Blackstone Group stock in the last two years include Blackstone Bgsl Holdings Llc and Group LP Blackstone. 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, Scottrade, Fidelity and Charles Schwab.

What is Blackstone Group's stock price today?

One share of BX stock can currently be purchased for approximately $33.35.

How big of a company is Blackstone Group?

Blackstone Group has a market capitalization of $22.09 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 2,360 workers across the globe.

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].com.


MarketBeat Community Rating for Blackstone Group (NYSE BX)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  958 (Vote Outperform)
Underperform Votes:  573 (Vote Underperform)
Total Votes:  1,531
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 2/19/2019 by MarketBeat.com Staff

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