NYSE:BXBlackstone Group Stock Price, Forecast & News

Blackstone Group's stock was trading at $47.35 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BX shares have increased by 18.6% and is now trading at $56.14. View which stocks have been most impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Group in the last year. There are currently 7 hold ratings and 7 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, July 16th 2020. View our earnings forecast for Blackstone Group.

Blackstone Group LP (NYSE:BX) posted its quarterly earnings data on Thursday, April, 23rd. The asset manager reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.04. The asset manager had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.31 billion. Blackstone Group had a return on equity of 14.62% and a net margin of 27.93%. During the same period last year, the firm earned $0.71 EPS. View Blackstone Group's earnings history.

Blackstone Group announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Monday, May 4th will be given a dividend of $0.39 per share on Monday, May 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Friday, May 1st. View Blackstone Group's dividend history.

14 analysts have issued 1-year target prices for Blackstone Group's stock. Their forecasts range from $40.00 to $72.00. On average, they expect Blackstone Group's share price to reach $58.95 in the next year. This suggests a possible upside of 5.0% from the stock's current price. View analysts' price targets for Blackstone Group.

Media headlines about BX stock have been trending very negative on Thursday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Blackstone Group earned a news sentiment score of -3.3 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 press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about Blackstone Group.

Blackstone Group saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 12,930,000 shares, a decrease of 11.1% from the May 31st total of 14,540,000 shares. Based on an average daily volume of 6,890,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.9% of the shares of the stock are short sold. View Blackstone Group's Current Options Chain.

Some companies that are related to Blackstone Group include Ameriprise Financial (AMP), KKR & Co Inc (KKR), LEG & GEN GRP P/S (LGGNY), Apollo Global Management (APO), Franklin Resources (BEN), Ares Management (ARES), The Carlyle Group (CG), Oaktree Capital Group LLC Unit (OAK), Morningstar (MORN), Invesco (IVZ), Legg Mason (LM), Eaton Vance (EV), Janus Henderson Group (JHG), Houlihan Lokey (HLI) and Affiliated Managers Group (AMG). View all competitors.

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), NVIDIA (NVDA), Verizon Communications (VZ), AbbVie (ABBV), JPMorgan Chase & Co. (JPM), Cisco Systems (CSCO), Johnson & Johnson (JNJ) and Walt Disney (DIS).

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

Blackstone Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include M&R Capital Management Inc. (0.00%) and Modus Advisors LLC (0.00%). 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 M&R Capital Management Inc.. Company insiders that have sold Blackstone Group company stock in the last year include Blackstone Group Inc, Christopher Striano, Hamilton E James, Holdings LP Blackstone III, Joan Solotar, and John G Finley. View insider buying and selling activity for Blackstone Group.

BX stock was bought by a variety of institutional investors in the last quarter, including Modus Advisors 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, and Holdings LP Blackstone III. View insider buying and selling activity 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 $56.14.

Blackstone Group has a market capitalization of $37.61 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.

The official website for Blackstone Group is 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]