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NYSE:BX

The Blackstone Group Stock Forecast, Price & News

$148.88
+5.07 (+3.53%)
(As of 11/29/2021 04:00 PM ET)
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Compare
Today's Range
$146.09
$149.51
50-Day Range
$110.95
$148.88
52-Week Range
$59.11
$149.78
Volume
3.35 million shs
Average Volume
3.42 million shs
Market Capitalization
$102.26 billion
P/E Ratio
20.42
Dividend Yield
3.03%
Beta
1.39
30 days | 90 days | 365 days | Advanced Chart
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The Blackstone Group logo

About The Blackstone Group

Blackstone, Inc. engages in the provision of investment and fund management services. It operates through the following segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Private Equity segment consists of flagship corporate private equity funds, Blackstone Capital Partners funds, sector-focused corporate private equity funds, including energy-focused funds, Blackstone Energy Partners funds, and core private equity fund, Blackstone Core Equity Partners. The Real Estate segment includes management of core real estate fund and non-exchange traded restate investment trusts. The Hedge Fund Solutions segment comprises of Blackstone Alternative Asset Management, which manages hedge funds and includes Indian-focused and Asian-focused closed-end mutual funds. The Credit segment includes GSO Capital Partners LP, which manages credit-oriented funds. The company was founded by Stephen Allen Schwarzman in 1985 and is headquartered in New York, NY.

Headlines

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Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
N/A
Sector
Finance
Employees
3,165
Year Founded
1985

Sales & Book Value

Annual Sales
$6.10 billion
Cash Flow
$2.86 per share
Book Value
$30.30 per share

Profitability

Net Income
$1.05 billion
Pretax Margin
59.98%

Debt

Price-To-Earnings

Miscellaneous

Free Float
680,003,000
Market Cap
$102.26 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/20/2021
Ex-Dividend
10/29/2021
Dividend Payable
11/08/2021
Today
11/29/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/26/2022

MarketRank

Overall MarketRank

2.85 out of 5 stars

Finance Sector

84th out of 1,340 stocks

Investment Advice Industry

11th out of 60 stocks

Analyst Opinion: 2.4Community Rank: 5.0Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -












The Blackstone Group (NYSE:BX) Frequently Asked Questions

Is The Blackstone Group a buy right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Blackstone Group in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" The Blackstone Group stock.
View analyst ratings for The Blackstone Group
or view top-rated stocks.

How has The Blackstone Group's stock price been impacted by COVID-19?

The Blackstone Group's stock was trading at $47.35 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BX stock has increased by 214.4% and is now trading at $148.88.
View which stocks have been most impacted by COVID-19
.

Are investors shorting The Blackstone Group?

The Blackstone Group saw a decline in short interest in October. As of October 15th, there was short interest totaling 8,080,000 shares, a decline of 19.2% from the September 30th total of 10,000,000 shares. Based on an average daily volume of 3,450,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.2% of the company's stock are short sold.
View The Blackstone Group's Short Interest
.

When is The Blackstone Group's next earnings date?

The Blackstone Group is scheduled to release its next quarterly earnings announcement on Wednesday, January 26th 2022.
View our earnings forecast for The Blackstone Group
.

How were The Blackstone Group's earnings last quarter?

The Blackstone Group Inc. (NYSE:BX) announced its earnings results on Wednesday, October, 20th. The asset manager reported $1.28 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.91 by $0.37. The asset manager earned $6.22 billion during the quarter, compared to analyst estimates of $2.17 billion. The Blackstone Group had a trailing twelve-month return on equity of 16.95% and a net margin of 25.47%. The company's quarterly revenue was up 105.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 earnings per share.
View The Blackstone Group's earnings history
.

How often does The Blackstone Group pay dividends? What is the dividend yield for The Blackstone Group?

The Blackstone Group announced a quarterly dividend on Friday, October 22nd. Stockholders of record on Monday, November 1st will be paid a dividend of $1.0275 per share on Monday, November 8th. This represents a $4.11 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, October 29th. This is a boost from The Blackstone Group's previous quarterly dividend of $0.70.
View The Blackstone Group's dividend history
.

Is The Blackstone Group a good dividend stock?

The Blackstone Group pays an annual dividend of $4.36 per share and currently has a dividend yield of 3.03%. The Blackstone Group does not yet have a strong track record of dividend growth. The dividend payout ratio of The Blackstone Group is 59.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, The Blackstone Group will have a dividend payout ratio of 84.82% 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.

What price target have analysts set for BX?

10 equities research analysts have issued twelve-month target prices for The Blackstone Group's stock. Their forecasts range from $71.00 to $182.00. On average, they anticipate The Blackstone Group's stock price to reach $125.22 in the next twelve months. This suggests that the stock has a possible downside of 15.9%.
View analysts' price targets for The Blackstone Group
or view top-rated stocks among Wall Street analysts.

Who are The Blackstone Group's key executives?

The Blackstone Group's management team includes the following people:
  • Stephen Allen Schwarzman, Chairman & Chief Executive Officer
  • Jonathan D. Gray, President, Chief Operating Officer & Director
  • Michael S. Chae, Chief Financial Officer
  • John Stecher, Chief Technology Officer
  • Jeffrey Iverson, Managing Director-Legal & Compliance

What other stocks do shareholders of The Blackstone Group own?

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 Walt Disney (DIS).

What is The Blackstone Group's stock symbol?

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

Who are The Blackstone Group's major shareholders?

The Blackstone Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.43%), Morgan Stanley (2.82%), Capital World Investors (2.78%), Royal Bank of Canada (2.61%), Wellington Management Group LLP (2.12%) and Janus Henderson Group PLC (1.87%). Company insiders that own The Blackstone Group stock include Blackstone Bdc Holdings Llc, Blackstone Group Inc, David Payne, Hamilton E James, Holdings LP Blackstone II, Holdings LP Blackstone III, John G Finley, John G Finley, Joseph Baratta and Lifesciences Iii LP Clarus.
View institutional ownership trends for The Blackstone Group
.

Which institutional investors are selling The Blackstone Group stock?

BX stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Deutsche Bank AG, Morgan Stanley, Massachusetts Financial Services Co. MA, Mackenzie Financial Corp, Neuberger Berman Group LLC, Bluestein R H & Co., and Jennison Associates LLC. Company insiders that have sold The Blackstone Group company stock in the last year include Blackstone Group Inc, David Payne, 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.

Which institutional investors are buying The Blackstone Group stock?

BX stock was bought by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, GQG Partners LLC, Royal Bank of Canada, TD Asset Management Inc., Arrowstreet Capital Limited Partnership, Jane Street Group LLC, Balyasny Asset Management LLC, and Eaton Vance Management. Company insiders that have bought The Blackstone Group stock in the last two years include Blackstone Bdc Holdings Llc, Blackstone Group Inc, 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.

How do I buy shares of The 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is The Blackstone Group's stock price today?

One share of BX stock can currently be purchased for approximately $148.88.

How much money does The Blackstone Group make?

The Blackstone Group has a market capitalization of $102.26 billion and generates $6.10 billion in revenue each year. The asset manager earns $1.05 billion in net income (profit) each year or $7.29 on an earnings per share basis.

How many employees does The Blackstone Group have?

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

When was The Blackstone Group founded?

The Blackstone Group was founded in 1985.

What is The Blackstone Group's official website?

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

Where are The Blackstone Group's headquarters?

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

How can I contact The Blackstone Group?

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, via email at [email protected], or via fax at 212-583-5749.


This page was last updated on 11/29/2021 by MarketBeat.com Staff

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