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

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

Blackstone Group announced a quarterly dividend on Wednesday, October 23rd. Investors of record on Monday, November 4th will be paid a dividend of $0.49 per share on Tuesday, November 12th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from Blackstone Group's previous quarterly dividend of $0.48. View Blackstone Group's Dividend History.

Blackstone Group LP (NYSE:BX) released its earnings results on Wednesday, October, 23rd. The asset manager reported $0.58 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.53 by $0.05. The asset manager earned $1.74 billion during the quarter, compared to the consensus estimate of $1.31 billion. Blackstone Group had a net margin of 27.05% and a return on equity of 7.61%. The business's revenue for the quarter was down 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS. View Blackstone Group's Earnings History.

Blackstone Group is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Blackstone Group.

Blackstone Group will be holding an earnings conference call on Thursday, January 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

10 brokerages have issued 12-month target prices for Blackstone Group's shares. Their forecasts range from $44.00 to $64.00. On average, they expect Blackstone Group's stock price to reach $55.13 in the next twelve months. This suggests that the stock has a possible downside of 12.3%. View Analyst Price Targets for Blackstone Group.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Group in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Blackstone Group.

News coverage about BX stock has trended negative this week, according to InfoTrie Sentiment. The research group ranks the sentiment of news 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 daily sentiment score of -2.3 on InfoTrie's scale. They also gave news stories about the asset manager a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Blackstone Group.

Blackstone Group saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 16,180,000 shares, a drop of 10.8% from the December 15th total of 18,140,000 shares. Based on an average daily volume of 4,130,000 shares, the short-interest ratio is presently 3.9 days. Approximately 2.5% of the shares of the company 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), Ameriprise Financial (AMP), KKR & Co Inc (KKR), Franklin Resources (BEN), Apollo Global Management (APO), Invesco (IVZ), Oaktree Capital Group LLC Unit (OAK), Morningstar (MORN), Eaton Vance (EV), Janus Henderson Group (JHG), Lazard (LAZ), Ares Management (ARES), Affiliated Managers Group (AMG), The Carlyle Group (CG) and Hamilton Lane (HLNE).

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), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM), Walt Disney (DIS) and Micron Technology (MU).

Blackstone Group's stock is owned by many different of institutional and retail investors. Top institutional investors include Artemis Investment Management LLP (0.30%), Cacti Asset Management LLC (0.19%), Janney Montgomery Scott LLC (0.10%), Walnut Private Equity Partners LLC (0.09%), LGT Capital Partners LTD. (0.08%) and Private Capital Advisors Inc. (0.05%). 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 Sanders Morris Harris LLC, Coronation Fund Managers Ltd., Commerzbank Aktiengesellschaft FI, LGT Capital Partners LTD., Cacti Asset Management LLC, Manning & Napier Group LLC, Jupiter Wealth Management LLC and B & T Capital Management DBA Alpha Capital Management. 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 and Joan Solotar. View Insider Buying and Selling for Blackstone Group.

BX stock was purchased by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Janney Capital Management LLC, Johanson Financial Advisors Inc., Zurcher Kantonalbank Zurich Cantonalbank , Clear Street Markets LLC, IFM Investors Pty Ltd, Janney Montgomery Scott LLC and Advisors Capital Management 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 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 $62.84.

Blackstone Group has a market capitalization of $41.43 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]