The Blackstone Group Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Blackstone Group in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" The Blackstone Group stock.
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Wall Street analysts have given The Blackstone Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but The Blackstone Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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The Blackstone Group saw a increase in short interest during the month of May. As of May 28th, there was short interest totaling 9,260,000 shares, an increase of 37.0% from the May 13th total of 6,760,000 shares. Based on an average trading volume of 3,080,000 shares, the short-interest ratio is currently 3.0 days. Currently, 1.4% of the shares of the stock are short sold.
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The Blackstone Group is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for The Blackstone Group.

The Blackstone Group Inc. (NYSE:BX) issued its earnings results on Wednesday, April, 21st. The asset manager reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.24. The asset manager had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.65 billion. The Blackstone Group had a trailing twelve-month return on equity of 15.52% and a net margin of 26.66%. During the same period in the previous year, the business earned $0.46 EPS.
View The Blackstone Group's earnings history.

The Blackstone Group's stock was trading at $47.35 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BX shares have increased by 107.0% and is now trading at $98.03.
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The Blackstone Group announced a quarterly dividend on Friday, April 23rd. Investors of record on Monday, May 3rd will be paid a dividend of $0.82 per share on Monday, May 10th. This represents a $3.28 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Friday, April 30th.
View The Blackstone Group's dividend history.

The Blackstone Group pays an annual dividend of $3.28 per share and currently has a dividend yield of 3.40%. The dividend payout ratio of The Blackstone Group is 123.77%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, The Blackstone Group will have a dividend payout ratio of 83.67% in the coming year. This indicates that The Blackstone Group may not be able to sustain their current dividend.
View The Blackstone Group's dividend history.

11 brokers have issued 12 month price targets for The Blackstone Group's shares. Their forecasts range from $58.00 to $100.00. On average, they expect The Blackstone Group's share price to reach $75.90 in the next twelve months. This suggests that the stock has a possible downside of 22.6%.
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Some companies that are related to The Blackstone Group include KKR & Co. Inc. (KKR), Ameriprise Financial (AMP), Legal & General Group (LGGNY), Franklin Resources (BEN), The Carlyle Group (CG), Ares Management (ARES), Apollo Global Management (APO), Invesco (IVZ), Morningstar (MORN), Janus Henderson Group (JHG), Affiliated Managers Group (AMG), Evercore (EVR), Houlihan Lokey (HLI), Hamilton Lane (HLNE) and Lazard (LAZ).
View all of BX's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other The Blackstone Group investors own include AT&T (T), Bank of America (BAC), AbbVie (ABBV), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), Verizon Communications (VZ), Johnson & Johnson (JNJ), Cisco Systems (CSCO) and The Walt Disney (DIS).

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

The Blackstone Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.40%), Morgan Stanley (2.75%), Capital International Investors (2.39%), Royal Bank of Canada (2.35%), Janus Henderson Group PLC (2.03%) and CIBC Private Wealth Group LLC (1.45%). Company insiders that own The Blackstone Group stock include Blackstone Bdc Holdings Llc, Blackstone Group Inc, Christopher Striano, Clarus Gp LP Blackstone, Hamilton E James, Holdings LP Blackstone II, Holdings LP Blackstone III, Joan Solotar, John G Finley, Joseph Baratta and Lifesciences Iii LP Clarus.
View institutional ownership trends for The Blackstone Group.

BX stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Clearbridge Investments LLC, Artisan Partners Limited Partnership, D. E. Shaw & Co. Inc., Morgan Stanley, Maverick Capital Ltd., UBS Asset Management Americas Inc., and Sanders Morris Harris LLC. Company insiders that have sold The Blackstone Group company stock in the last year include Blackstone Group Inc, Hamilton E James, Holdings LP Blackstone II, Holdings LP Blackstone III, John G Finley, and Joseph Baratta.
View insider buying and selling activity for The Blackstone Group or view top insider-selling stocks.

BX stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Royal Bank of Canada, Renaissance Technologies LLC, Alphinity Investment Management Pty Ltd, AGF Investments Inc., The Manufacturers Life Insurance Company, Virginia Retirement Systems ET AL, and CIBC Private Wealth Group LLC. Company insiders that have bought The Blackstone Group stock in the last two years include Blackstone Bdc Holdings Llc, Blackstone Group Inc, Clarus Gp LP Blackstone, Holdings LP Blackstone III, and Lifesciences Iii LP Clarus.
View insider buying and selling activity for The Blackstone Group or or view top insider-buying stocks.

Shares of BX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BX stock can currently be purchased for approximately $98.03.

The Blackstone Group has a market capitalization of $67.08 billion and generates $6.10 billion in revenue each year. The asset manager earns $1.05 billion in net income (profit) each year or $2.65 on an earnings per share basis.

The Blackstone Group employs 3,165 workers across the globe.

The Blackstone Group was founded in 1985.

The official website for The Blackstone Group is www.blackstone.com.

The Blackstone Group is headquartered at 345 Park Avenue, New York NY, 10154.

The 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]