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 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 4.14%. The ex-dividend date is Friday, February 7th. This is a boost from Blackstone Group's previous quarterly dividend of $0.49. View Blackstone Group's Dividend History.

Blackstone Group LP (NYSE:BX) released its earnings results on Thursday, January, 30th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.66 by $0.06. The asset manager had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $1.55 billion. Blackstone Group had a return on equity of 14.07% and a net margin of 27.93%. The company's quarterly revenue was up 314.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.02) earnings per share. View Blackstone Group's Earnings History.

Blackstone Group is scheduled to release their next quarterly earnings announcement on Thursday, April 16th 2020. View Earnings Estimates for Blackstone Group.

12 brokers have issued 1 year price objectives for Blackstone Group's shares. Their forecasts range from $52.00 to $76.00. On average, they anticipate Blackstone Group's stock price to reach $61.10 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price. View Analyst Price Targets for Blackstone Group.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Group in the last year. There are currently 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Blackstone Group.

News stories about BX stock have trended somewhat positive on Monday, according to InfoTrie. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Blackstone Group earned a news impact score of 2.0 on InfoTrie's scale. They also gave news headlines about the asset manager a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Blackstone Group.

Blackstone Group saw a decrease in short interest during the month of January. As of January 15th, there was short interest totalling 16,180,000 shares, a decrease of 10.8% from the December 31st total of 18,140,000 shares. Based on an average trading volume of 4,020,000 shares, the days-to-cover ratio is currently 4.0 days. Currently, 2.5% of the company's 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), Ameriprise Financial (AMP), KKR & Co Inc (KKR), Franklin Resources (BEN), The Carlyle Group (CG), Apollo Global Management (APO), Oaktree Capital Group LLC Unit (OAK), Invesco (IVZ), Morningstar (MORN), Eaton Vance (EV), Janus Henderson Group (JHG), Ares Management (ARES), Legg Mason (LM), Affiliated Managers Group (AMG) and Lazard (LAZ).

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

Blackstone Group's stock is owned by a number of of institutional and retail 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 for Blackstone Group.

BX stock was acquired 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 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 $58.89.

Blackstone Group has a market capitalization of $38.83 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 2,615 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]