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NYSE:BXBlackstone Group Stock Price, Forecast & News

$56.46
+0.25 (+0.44 %)
(As of 05/27/2020 04:00 PM ET)
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Today's Range
$55.76
Now: $56.46
$58.24
50-Day Range
$45.50
MA: $50.54
$56.21
52-Week Range
$33.00
Now: $56.46
$64.97
Volume4.93 million shs
Average Volume4.35 million shs
Market Capitalization$37.82 billion
P/E Ratio77.34
Dividend Yield2.78%
Beta1.45
The Blackstone Group Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant minority investments in operating companies and greenfield development projects in energy and power, financial services, healthcare, enterprise tech and consumer, as well as consumer technologies. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. The Blackstone Group Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe and North America.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 3.0Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.94 out of 5 stars


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$7.34 billion
Cash Flow$2.49 per share
Book Value$17.18 per share

Profitability

Net Income$2.05 billion

Miscellaneous

Employees2,905
Market Cap$37.82 billion
Next Earnings Date7/16/2020 (Estimated)
OptionableOptionable

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Blackstone Group (NYSE:BX) Frequently Asked Questions

How has Blackstone Group's stock been impacted by COVID-19 (Coronavirus)?

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 (WHO). Since then, BX shares have increased by 19.2% and is now trading at $56.46. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Blackstone Group?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Group in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Blackstone Group.

When is Blackstone Group's next earnings date?

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

How were Blackstone Group's earnings last quarter?

Blackstone Group LP (NYSE:BX) posted its quarterly earnings results on Thursday, April, 23rd. The asset manager reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by $0.04. The asset manager earned $1.14 billion during the quarter, compared to analysts' expectations 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 in the prior year, the business posted $0.71 EPS. View Blackstone Group's earnings history.

How often does Blackstone Group pay dividends? What is the dividend yield for Blackstone Group?

Blackstone Group declared a quarterly dividend on Thursday, April 23rd. Investors 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 yield of 2.76%. The ex-dividend date is Friday, May 1st. View Blackstone Group's dividend history.

What price target have analysts set for BX?

13 Wall Street analysts have issued 1-year target prices for Blackstone Group's shares. Their forecasts range from $40.00 to $72.00. On average, they expect Blackstone Group's stock price to reach $58.35 in the next year. This suggests a possible upside of 3.3% from the stock's current price. View analysts' price targets for Blackstone Group.

Has Blackstone Group been receiving favorable news coverage?

Media headlines about BX stock have trended negative this week, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by reviewing 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 closest to five being the most favorable. Blackstone Group earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned press coverage about the asset manager a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutBlackstone Group.

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

Who are Blackstone Group's key executives?

Blackstone Group's management team includes the following people:
  • Mr. Stephen Allen Schwarzman, Chairman, CEO & Co-Founder (Age 72)
  • Mr. Hamilton Evans James, Exec. Vice Chairman & Gen. Partner (Age 68)
  • Mr. Jonathan D. Gray, Gen. Partner, Pres, COO & Director (Age 50)
  • Mr. Michael S. Chae J.D., CFO & Sr. MD (Age 51)
  • Rt Hon. M. Brian Mulroney, Member of Board of Directors (Age 79)

What is Blackstone Group's stock symbol?

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

Who are Blackstone Group's major shareholders?

Blackstone Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Capital World Investors (4.56%), Wellington Management Group LLP (4.01%), BlackRock Inc. (2.85%), Morgan Stanley (2.73%), Janus Henderson Group PLC (2.52%) and Capital International Investors (2.36%). 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.

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, 1832 Asset Management L.P., Capital World Investors, USS Investment Management Ltd, Janus Henderson Group PLC, Clearbridge Investments LLC, Healthcare of Ontario Pension Plan Trust Fund, and Russell Investments Group Ltd.. 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.

Which institutional investors are buying Blackstone Group stock?

BX stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Bessemer Group Inc., Capital International Investors, BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., Advisor Group Holdings Inc., Geode Capital Management LLC, and Maverick Capital 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 activity 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 $56.46.

How big of a company is Blackstone Group?

Blackstone Group has a market capitalization of $37.82 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.

What is Blackstone Group's official website?

The official website for Blackstone Group is 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]

This page was last updated on 5/28/2020 by MarketBeat.com Staff

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