Blackstone Group Stock Price, News & Analysis (NYSE:BX)

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

Blackstone Group announced a quarterly dividend on Friday, July 19th. Investors of record on Monday, July 29th will be paid a dividend of $0.48 per share on Monday, August 5th. This represents a $1.92 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, July 26th. View Blackstone Group's Dividend History.

Blackstone Group LP (NYSE:BX) released its quarterly earnings results on Thursday, July, 18th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.50 by $0.07. The asset manager earned $1.49 billion during the quarter, compared to analyst estimates of $1.15 billion. Blackstone Group had a return on equity of 11.30% and a net margin of 20.51%. The company's revenue was down 43.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 EPS. View Blackstone Group's Earnings History.

Blackstone Group is scheduled to release their next quarterly earnings announcement on Thursday, October 17th 2019. View Earnings Estimates for Blackstone Group.

8 analysts have issued twelve-month price targets for Blackstone Group's stock. Their forecasts range from $43.00 to $56.00. On average, they expect Blackstone Group's share price to reach $49.50 in the next twelve months. This suggests that the stock has a possible downside of 6.4%. View Analyst Price Targets for Blackstone Group.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Group in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Blackstone Group.

News headlines about BX stock have trended negative this week, according to InfoTrie. The research firm scores the sentiment of press 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 -2.9 on InfoTrie's scale. They also gave media stories about the asset manager a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Blackstone Group.

Blackstone Group saw a increase in short interest in August. As of August 31st, there was short interest totalling 11,459,300 shares, an increase of 7.3% from the July 31st total of 10,683,600 shares. Based on an average daily trading volume, of 6,920,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.8% of the company's shares are sold short. View Blackstone Group's Current Options Chain.

Some companies that are related to Blackstone Group include Ameriprise Financial (AMP), LEG & GEN GRP P/S (LGGNY), KKR & Co Inc (KKR), Franklin Resources (BEN), Oaktree Capital Group LLC Unit (OAK), Apollo Global Management (APO), Invesco (IVZ), Morningstar (MORN), Eaton Vance (EV), Lazard (LAZ), Affiliated Managers Group (AMG), Janus Henderson Group (JHG), Legg Mason (LM), Evercore (EVR) and Federated Investors (FII).

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), Verizon Communications (VZ), Gilead Sciences (GILD), Cisco Systems (CSCO), Micron Technology (MU), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM) and Johnson & Johnson (JNJ).

Blackstone Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include Morgan Stanley (4.56%), Janus Henderson Group PLC (2.46%), Bank of Montreal Can (1.81%), Natixis (1.23%), Nuveen Asset Management LLC (0.80%) and Waddell & Reed Financial Inc. (0.62%). Company insiders that own Blackstone Group stock include Bennett J Goodman, Blackstone Bgsl Holdings Llc, Blackstone Group Inc, Christopher Striano, Group LP Blackstone, 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 Bank of Montreal Can, Morgan Stanley, CIBC Private Wealth Group LLC, Kovitz Investment Group Partners LLC, HMI Capital LLC, Russell Investments Group Ltd., Northern Trust Corp and Robeco Institutional Asset Management B.V.. Company insiders that have sold Blackstone Group company stock in the last year include Bennett J Goodman, Christopher Striano and Joan Solotar. View Insider Buying and Selling for Blackstone Group.

BX stock was acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Nuveen Asset Management LLC, Artemis Investment Management LLP, Sandler Capital Management, Wells Fargo & Company MN, Invesco Ltd., Jupiter Asset Management Ltd. and Waddell & Reed Financial Inc.. Company insiders that have bought Blackstone Group stock in the last two years include Blackstone Bgsl Holdings Llc, Blackstone Group Inc, Group 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 $52.89.

Blackstone Group has a market capitalization of $34.98 billion and generates $6.83 billion in revenue each year. The asset manager earns $1.54 billion in net income (profit) each year or $2.26 on an earnings per share basis. Blackstone Group employs 2,615 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]