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

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

Blackstone Group announced a quarterly dividend on Friday, January 31st. Stockholders of record on Monday, February 10th will be paid a dividend of $0.61 per share on Tuesday, February 18th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from Blackstone Group's previous quarterly dividend of $0.49. View Blackstone Group's Dividend History.

Blackstone Group LP (NYSE:BX) issued its earnings results on Thursday, January, 30th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks' 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. The company's quarterly revenue was up 314.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.02) EPS. View Blackstone Group's Earnings History.

Blackstone Group is scheduled to release their next quarterly earnings announcement on Thursday, April 16th 2020. View Earnings Estimates for Blackstone Group.

12 equities research analysts have issued 12-month price objectives for Blackstone Group's shares. Their forecasts range from $52.00 to $73.00. On average, they expect Blackstone Group's stock price to reach $60.80 in the next twelve months. This suggests that the stock has a possible downside of 3.4%. View Analyst Price Targets for Blackstone Group.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Group in the last year. There are currently 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Blackstone Group.

Media headlines about BX stock have trended neutral on Sunday, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Blackstone Group earned a news sentiment score of 0.2 on InfoTrie's scale. They also assigned media coverage about the asset manager a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Blackstone Group.

Blackstone Group saw a decrease in short interest in the month of January. As of January 15th, there was short interest totalling 16,180,000 shares, a decrease of 10.8% from the December 31st total of 18,140,000 shares. Based on an average daily trading volume, of 4,020,000 shares, the short-interest ratio is currently 4.0 days. Currently, 2.5% of the company's shares are short sold. View Blackstone Group's Current Options Chain.

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

Blackstone Group's stock is owned by many different of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (1.26%), State Street Corp (1.02%), CIBC Private Wealth Group LLC (0.81%), FMR LLC (0.76%), Beck Mack & Oliver LLC (0.48%) and Fairview Capital Investment Management LLC (0.45%). Company insiders that own Blackstone Group stock include Bennett J Goodman, Blackstone Bgsl Holdings Llc, Blackstone Group Inc, Christopher Striano, Clarus Gp 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 GQG Partners LLC, Bank of Montreal Can, GVO Asset Management Ltd, FMR LLC, Russell Investments Group Ltd., Sanders Morris Harris LLC, Coronation Fund Managers Ltd. and Commerzbank Aktiengesellschaft FI. 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, Joan Solotar and John G Finley. View Insider Buying and Selling for Blackstone Group.

BX stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Bessemer Group Inc., Sumitomo Mitsui Trust Holdings Inc., Artemis Investment Management LLP, UBS Asset Management Americas Inc., CIBC Private Wealth Group LLC, Bank of New York Mellon Corp and USS Investment Management Ltd. 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 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 $62.95.