NYSE:BX

The Blackstone Group Stock Forecast, Price & News

$125.82
-1.75 (-1.37 %)
(As of 09/22/2021 04:00 PM ET)
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Today's Range
$124.85
$128.65
50-Day Range
$99.73
$135.04
52-Week Range
$49.26
$136.88
Volume4.47 million shs
Average Volume3.47 million shs
Market Capitalization$86.31 billion
P/E Ratio19.42
Dividend Yield2.19%
Beta1.35
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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.

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MarketRank

Overall MarketRank

2.52 out of 5 stars

Finance Sector

235th out of 1,332 stocks

Investment Advice Industry

18th out of 60 stocks

Analyst Opinion: 1.3Community Rank: 5.0Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -
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The Blackstone Group (NYSE:BX) Frequently Asked Questions

Is The Blackstone Group a buy right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Blackstone Group in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" The Blackstone Group stock.
View analyst ratings for The Blackstone Group
or view top-rated stocks.

What stocks does MarketBeat like better than The Blackstone Group?

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.
View MarketBeat's top stock picks here.

Are investors shorting The Blackstone Group?

The Blackstone Group saw a decrease in short interest during the month of August. As of August 13th, there was short interest totaling 9,380,000 shares, a decrease of 16.0% from the July 29th total of 11,170,000 shares. Based on an average daily trading volume, of 3,810,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.4% of the shares of the company 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, October 27th 2021.
View our earnings forecast for The Blackstone Group
.

How were The Blackstone Group's earnings last quarter?

The Blackstone Group Inc. (NYSE:BX) posted its quarterly earnings data on Wednesday, July, 21st. The asset manager reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. The asset manager had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.92 billion. The Blackstone Group had a trailing twelve-month return on equity of 15.88% and a net margin of 26.67%. The business's revenue was up 90.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share.
View The Blackstone Group's earnings history
.

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

The Blackstone Group's stock was trading at $47.35 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BX shares have increased by 165.7% and is now trading at $125.82.
View which stocks have been most impacted by COVID-19
.

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, July 23rd. Stockholders of record on Monday, August 2nd will be given a dividend of $0.8475 per share on Monday, August 9th. This represents a $3.39 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, July 30th.
View The Blackstone Group's dividend history
.

Is The Blackstone Group a good dividend stock?

The Blackstone Group pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.19%. The dividend payout ratio of The Blackstone Group is 105.66%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, The Blackstone Group will have a dividend payout ratio of 67.31% next year. This indicates that The Blackstone Group will be able to sustain or increase its dividend.
View The Blackstone Group's dividend history.

What price target have analysts set for BX?

9 equities research analysts have issued 1 year price objectives for The Blackstone Group's stock. Their forecasts range from $58.00 to $135.00. On average, they expect The Blackstone Group's share price to reach $93.89 in the next twelve months. This suggests that the stock has a possible downside of 25.4%.
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

Who are some of The Blackstone Group's key competitors?

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 The 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 a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.74%), BlackRock Inc. (4.47%), Morgan Stanley (2.99%), Royal Bank of Canada (2.42%), Capital International Investors (2.40%) and State Street Corp (2.14%). Company insiders that own The Blackstone Group stock include Blackstone Bdc Holdings Llc, Blackstone Group Inc, Clarus Gp LP Blackstone, 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 Clearbridge Investments LLC, Fairview Capital Investment Management LLC, Massachusetts Financial Services Co. MA, Artisan Partners Limited Partnership, Neuberger Berman Group LLC, CCLA Investment Management Ltd, 1832 Asset Management L.P., and Mackenzie Financial Corp. 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 acquired by a variety of institutional investors in the last quarter, including State Street Corp, BlackRock Inc., GQG Partners LLC, Deutsche Bank AG, Nuveen Asset Management LLC, Geode Capital Management LLC, APG Asset Management N.V., and Lord Abbett & CO. 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.

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 $125.82.

How much money does The Blackstone Group make?

The Blackstone Group has a market capitalization of $86.31 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.

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 or via email at [email protected].


This page was last updated on 9/23/2021 by MarketBeat.com Staff
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