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

$46.09
-1.91 (-3.98 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$44.32
Now: $46.09
$47.99
50-Day Range
$36.04
MA: $53.53
$64.41
52-Week Range
$33.00
Now: $46.09
$64.97
Volume7.46 million shs
Average Volume11.12 million shs
Market Capitalization$31.05 billion
P/E Ratio15.26
Dividend Yield5.08%
Beta1.54
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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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$2.38 per share
Book Value$22.77 per share

Profitability

Net Income$2.05 billion

Miscellaneous

Employees2,905
Market Cap$31.05 billion
Next Earnings Date4/16/2020 (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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BX shares have decreased by 2.7% and is now trading at $46.09. View which stocks have been mosted impacted by Coronavirus.

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

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.

When is Blackstone Group's next earnings date?

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

How were Blackstone Group's earnings last quarter?

Blackstone Group LP (NYSE:BX) released its quarterly earnings results on Thursday, January, 30th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.06. The asset manager earned $2.09 billion during the quarter, compared to the consensus estimate of $1.55 billion. Blackstone Group had a return on equity of 13.86% and a net margin of 27.93%. The business's quarterly revenue was up 314.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) earnings per share. 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 Friday, January 31st. Shareholders 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 yield of 5.29%. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from Blackstone Group's previous quarterly dividend of $0.49. View Blackstone Group's dividend history.

What price target have analysts set for BX?

12 analysts have issued 12 month price objectives 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 $59.20 in the next year. This suggests a possible upside of 28.4% from the stock's current price. View analysts' price targets for Blackstone Group.

Has Blackstone Group been receiving favorable news coverage?

Headlines about BX stock have trended extremely negative on Sunday, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Blackstone Group earned a news impact score of -4.0 on InfoTrie's scale. They also gave news coverage about the asset manager a news buzz of 10.0 out of 10, meaning 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.

Are investors shorting Blackstone Group?

Blackstone Group saw a decrease in short interest in 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 days-to-cover ratio is presently 3.7 days. Approximately 2.4% of the shares of the stock are sold short. View Blackstone Group's Current Options Chain.

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

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 a number of retail and institutional investors. Top institutional shareholders include Capital World Investors (5.01%), Janus Henderson Group PLC (2.72%), Capital International Investors (2.06%), Massachusetts Financial Services Co. MA (1.26%), State Street Corp (1.02%) and CIBC Private Wealth Group LLC (0.81%). 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 GQG Partners LLC, Bank of Montreal Can, GVO Asset Management Ltd, FMR LLC, Russell Investments Group Ltd., 1832 Asset Management L.P., Sanders Morris Harris LLC, and Coronation Fund Managers Ltd.. 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 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 State Street Corp, Bessemer Group Inc., Sumitomo Mitsui Trust Holdings Inc., Capital World Investors, Artemis Investment Management LLP, UBS Asset Management Americas Inc., CIBC Private Wealth Group LLC, and Capital International Investors. 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 $46.09.

How big of a company is Blackstone Group?

Blackstone Group has a market capitalization of $31.05 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.

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]


MarketBeat Community Rating for Blackstone Group (NYSE BX)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  1,075 (Vote Outperform)
Underperform Votes:  705 (Vote Underperform)
Total Votes:  1,780
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 3/29/2020 by MarketBeat.com Staff

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