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

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.

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 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.

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.

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.

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.

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.

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), Apollo Global Management (APO), The Carlyle Group (CG), Oaktree Capital Group LLC Unit (OAK), Morningstar (MORN), Invesco (IVZ), Legg Mason (LM), Eaton Vance (EV), Ares Management (ARES), Houlihan Lokey (HLI), Hamilton Lane (HLNE) and MAN GRP PLC/ADR (MNGPY).

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).

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

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.

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.

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.

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 $46.09.

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.

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]