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

Blackstone Group's stock was trading at $47.35 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BX shares have decreased by 0.1% and is now trading at $47.28. View which stocks have been mosted impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Group in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Blackstone Group.

Blackstone Group is scheduled to release its next quarterly earnings announcement on Thursday, April 16th 2020. View our earnings forecast for Blackstone Group.

Blackstone Group LP (NYSE:BX) released its earnings results on Thursday, January, 30th. The asset manager reported $0.72 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.66 by $0.06. The asset manager had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $1.55 billion. Blackstone Group had a net margin of 27.93% and a return on equity of 13.86%. The company's quarterly revenue was up 314.2% on a year-over-year basis. During the same period last year, the business earned ($0.02) earnings per share. View Blackstone Group's earnings history.

Blackstone Group announced a quarterly dividend on Friday, January 31st. Investors of record on Monday, February 10th will be given a dividend of $0.61 per share on Tuesday, February 18th. This represents a $2.44 annualized dividend and a yield of 5.16%. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from Blackstone Group's previous quarterly dividend of $0.49. View Blackstone Group's dividend history.

12 Wall Street analysts have issued 1 year price targets for Blackstone Group's stock. Their forecasts range from $40.00 to $72.00. On average, they anticipate Blackstone Group's stock price to reach $59.20 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price. View analysts' price targets for Blackstone Group.

Headlines about BX stock have trended somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Blackstone Group earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave media headlines about the asset manager a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news aboutBlackstone Group.

Blackstone Group saw a decrease in short interest during the month of February. As of February 14th, there was short interest totaling 15,720,000 shares, a decrease of 6.0% from the January 30th total of 16,730,000 shares. Based on an average trading volume of 4,200,000 shares, the short-interest ratio is currently 3.7 days. Approximately 2.4% of the company's shares are sold short. View Blackstone Group's Current Options Chain.

Some companies that are related to Blackstone Group include LEG & GEN GRP P/S (LGGNY), KKR & Co Inc (KKR), Ameriprise Financial (AMP), Franklin Resources (BEN), Oaktree Capital Group LLC Unit (OAK), Apollo Global Management (APO), The Carlyle Group (CG), Morningstar (MORN), Invesco (IVZ), Legg Mason (LM), Eaton Vance (EV), Ares Management (ARES), Houlihan Lokey (HLI), MAN GRP PLC/ADR (MNGPY) and Hamilton Lane (HLNE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackstone Group investors own include AT&T (T), Bank of America (BAC), NVIDIA (NVDA), Verizon Communications (VZ), Alibaba Group (BABA), AbbVie (ABBV), JPMorgan Chase & Co. (JPM), Cisco Systems (CSCO), Walt Disney (DIS) and Johnson & Johnson (JNJ).

Blackstone Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "BX."

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 $47.28.

Blackstone Group has a market capitalization of $31.85 billion and generates $7.34 billion in revenue each year. The asset manager earns $2.05 billion in net income (profit) each year or $2.31 on an earnings per share basis. Blackstone Group employs 2,905 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]