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

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

Blackstone Group announced a quarterly dividend on Friday, July 19th. Stockholders of record on Monday, July 29th will be paid a dividend of $0.48 per share on Monday, August 5th. This represents a $1.92 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, July 26th. View Blackstone Group's Dividend History.

Blackstone Group LP (NYSE:BX) posted its quarterly earnings data on Thursday, July, 18th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.50 by $0.07. The asset manager had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.15 billion. Blackstone Group had a net margin of 20.51% and a return on equity of 11.30%. The firm's quarterly revenue was down 43.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. View Blackstone Group's Earnings History.

Blackstone Group is scheduled to release their next quarterly earnings announcement on Thursday, October 17th 2019. View Earnings Estimates for Blackstone Group.

9 analysts have issued twelve-month target prices for Blackstone Group's shares. Their predictions range from $43.00 to $56.00. On average, they expect Blackstone Group's stock price to reach $49.00 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price. View Analyst Price Targets for Blackstone Group.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Group in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Blackstone Group.

News coverage about BX stock has trended negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing 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 closest to five being the most favorable. Blackstone Group earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave news articles about the asset manager a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Blackstone Group.

Blackstone Group saw a decline in short interest in July. As of July 31st, there was short interest totalling 10,683,600 shares, a decline of 34.5% from the June 30th total of 16,315,200 shares. Based on an average daily volume of 6,810,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.7% of the shares of the company are short sold. 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), Franklin Resources (BEN), KKR & Co Inc (KKR), Oaktree Capital Group LLC Unit (OAK), Invesco (IVZ), Apollo Global Management (APO), Morningstar (MORN), Eaton Vance (EV), Lazard (LAZ), Affiliated Managers Group (AMG), Janus Henderson Group (JHG), Federated Investors (FII), Legg Mason (LM) and Evercore (EVR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackstone Group investors own include AT&T (T), Bank of America (BAC), Alibaba Group (BABA), Verizon Communications (VZ), Cisco Systems (CSCO), Gilead Sciences (GILD), Micron Technology (MU), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM) and Johnson & Johnson (JNJ).

Blackstone Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Morgan Stanley (4.56%), Janus Henderson Group PLC (2.46%), Bank of Montreal Can (1.81%), Nuveen Asset Management LLC (0.80%), Waddell & Reed Financial Inc. (0.62%) and Wells Fargo & Company MN (0.59%). Company insiders that own Blackstone Group stock include Bennett J Goodman, Blackstone Bgsl Holdings Llc, Blackstone Group Inc, Christopher Striano, Group LP Blackstone, Holdings LP Blackstone III, J Tomilson Hill 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 Bank of Montreal Can, Morgan Stanley, CIBC Private Wealth Group LLC, Kovitz Investment Group Partners LLC, HMI Capital LLC, Russell Investments Group Ltd., Northern Trust Corp and Robeco Institutional Asset Management B.V.. Company insiders that have sold Blackstone Group company stock in the last year include Bennett J Goodman, Christopher Striano and J Tomilson Hill. View Insider Buying and Selling for Blackstone Group.

BX stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Nuveen Asset Management LLC, Artemis Investment Management LLP, Sandler Capital Management, Wells Fargo & Company MN, Invesco Ltd., Jupiter Asset Management Ltd. and Waddell & Reed Financial Inc.. Company insiders that have bought Blackstone Group stock in the last two years include Blackstone Bgsl Holdings Llc, Blackstone Group Inc, Group 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, Scottrade, Fidelity and Charles Schwab.

One share of BX stock can currently be purchased for approximately $47.84.

Blackstone Group has a market capitalization of $31.64 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]