NYSE:BXBlackstone Group Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Blackstone Group LP Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $56.80 +0.14 (+0.25 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$55.75Now: $56.80▼$57.4450-Day Range$45.50MA: $50.96▼$56.6652-Week Range$33.00Now: $56.80▼$64.97Volume3.73 million shsAverage Volume4.23 million shsMarket Capitalization$38.05 billionP/E Ratio77.81Dividend Yield2.75%Beta1.45 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media The Blackstone Group Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant minority investments in operating companies and greenfield development projects in energy and power, financial services, healthcare, enterprise tech and consumer, as well as consumer technologies. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. The Blackstone Group Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe and North America.Read More Beat the Market (BTM) Rank™ 2.3 Analyst's Opinion Consensus RatingBlackstone Group has received a consensus rating of Buy. The company's average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $58.35, Blackstone Group has a potential upside of 2.7% from its current price of $56.80.Amount of Analyst CoverageBlackstone Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Community Rank Outperform VotesBlackstone Group has received 1,082 “outperform” votes. (Add your “outperform” vote.)Underperform VotesBlackstone Group has received 711 “underperform” votes. (Add your “underperform” vote.)Community SentimentBlackstone Group has received 60.35% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Blackstone Group and other stocks. Vote “Outperform” if you believe BX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BX will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 4.2 Dividend Strength Dividend LeadershipBlackstone Group is a leading dividend payer. It pays a dividend yield of 2.75%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthBlackstone Group has been increasing its dividend for 6 years.Dividend CoverageThe dividend payout ratio of Blackstone Group is 67.53 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Blackstone Group will have a dividend payout ratio of 56.12 % next year. This indicates that Blackstone Group will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Blackstone Group insiders have bought 1,458.41% more of their company's stock than they have sold. Specifically, they have bought $41,383,583.00 in company stock and sold $2,655,500.00 in company stock.Percentage Held by InsidersOnly 1.00% of the stock of Blackstone Group is held by insiders.Percentage Held by Institutions56.28% of the stock of Blackstone Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Blackstone Group are expected to grow by 35.61% in the coming year, from $2.05 to $2.78 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Blackstone Group is 77.81, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.07.Price to Earnings Ratio vs. SectorThe P/E ratio of Blackstone Group is 77.81, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 18.66.Price to Earnings Growth RatioBlackstone Group has a PEG Ratio of 14.17. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioBlackstone Group has a P/B Ratio of 3.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.3Community Rank: 3.0Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.94 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Investment advice Sub-IndustryN/A SectorFinance Current SymbolNYSE:BX Previous Symbol CUSIPN/A CIK1393818 Webwww.blackstone.com Phone212-583-5000Debt Debt-to-Equity Ratio0.97 Current Ratio1.36 Quick Ratio1.36Price-To-Earnings Trailing P/E Ratio77.81 Forward P/E Ratio27.71 P/E Growth14.17 Sales & Book Value Annual Sales$7.34 billion Price / Sales5.19 Cash Flow$2.48 per share Price / Cash Flow22.93 Book Value$17.18 per share Price / Book3.31Profitability EPS (Most Recent Fiscal Year)$2.31 Net Income$2.05 billion Net Margins27.93% Return on Equity14.62% Return on Assets6.55%Miscellaneous Employees2,905 Outstanding Shares669,880,000Market Cap$38.05 billion Next Earnings Date7/16/2020 (Estimated) OptionableOptionable BX Rates by TradingView Receive BX News and Ratings via Email Sign-up to receive the latest news and ratings for BX and its competitors with MarketBeat's FREE daily newsletter. Blackstone Group (NYSE:BX) Frequently Asked Questions How has Blackstone Group's stock been impacted by COVID-19 (Coronavirus)? 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 shares have increased by 20.0% and is now trading at $56.80. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Blackstone Group? 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Group in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Blackstone Group. When is Blackstone Group's next earnings date? Blackstone Group is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Blackstone Group. How were Blackstone Group's earnings last quarter? Blackstone Group LP (NYSE:BX) issued its quarterly earnings results on Thursday, April, 23rd. The asset manager reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by $0.04. The asset manager earned $1.14 billion during the quarter, compared to analysts' expectations of $1.31 billion. Blackstone Group had a net margin of 27.93% and a return on equity of 14.62%. During the same period in the previous year, the business posted $0.71 EPS. View Blackstone Group's earnings history. How often does Blackstone Group pay dividends? What is the dividend yield for Blackstone Group? Blackstone Group declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Monday, May 4th will be given a dividend of $0.39 per share on Monday, May 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, May 1st. View Blackstone Group's dividend history. What price target have analysts set for BX? 13 Wall Street analysts have issued 1-year target prices for Blackstone Group's stock. Their forecasts range from $40.00 to $72.00. On average, they anticipate Blackstone Group's stock price to reach $58.35 in the next twelve months. This suggests a possible upside of 2.7% from the stock's current price. View analysts' price targets for Blackstone Group. Has Blackstone Group been receiving favorable news coverage? News coverage about BX stock has been trending negative this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Blackstone Group earned a daily sentiment score of -2.0 on InfoTrie's scale. They also assigned 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 impact on the stock's share price in the near future. View the latest news aboutBlackstone Group. Who are some of Blackstone Group's key competitors? Some companies that are related to Blackstone Group include Ameriprise Financial (AMP), KKR & Co Inc (KKR), LEG & GEN GRP P/S (LGGNY), Apollo Global Management (APO), The Carlyle Group (CG), Franklin Resources (BEN), Oaktree Capital Group LLC Unit (OAK), Morningstar (MORN), Ares Management (ARES), Legg Mason (LM), Eaton Vance (EV), Janus Henderson Group (JHG), Houlihan Lokey (HLI), Hamilton Lane (HLNE) and Invesco (IVZ). View all competitors. What other stocks do shareholders of Blackstone Group own? 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), NVIDIA (NVDA), Verizon Communications (VZ), AbbVie (ABBV), JPMorgan Chase & Co. (JPM), Cisco Systems (CSCO), Johnson & Johnson (JNJ) and Walt Disney (DIS). Who are Blackstone Group's key executives? Blackstone Group's management team includes the following people: Mr. Stephen Allen Schwarzman, Chairman, CEO & Co-Founder (Age 72)Mr. Hamilton Evans James, Exec. Vice Chairman & Gen. Partner (Age 68)Mr. Jonathan D. Gray, Gen. Partner, Pres, COO & Director (Age 50)Mr. Michael S. Chae J.D., CFO & Sr. MD (Age 51)Rt Hon. M. Brian Mulroney, Member of Board of Directors (Age 79) What is Blackstone Group's stock symbol? Blackstone Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "BX." Who are Blackstone Group's major shareholders? Blackstone Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Capital World Investors (4.56%), Wellington Management Group LLP (4.01%), BlackRock Inc. (2.85%), Morgan Stanley (2.73%), Janus Henderson Group PLC (2.52%) and Capital International Investors (2.36%). 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. Which major investors are selling Blackstone Group stock? BX stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, 1832 Asset Management L.P., Capital World Investors, USS Investment Management Ltd, Janus Henderson Group PLC, Clearbridge Investments LLC, Healthcare of Ontario Pension Plan Trust Fund, and Russell Investments Group Ltd.. Company insiders that have sold Blackstone Group company stock in the last year include Blackstone Group Inc, Christopher Striano, Hamilton E James, Holdings LP Blackstone III, Joan Solotar, and John G Finley. View insider buying and selling activity for Blackstone Group. Which major investors are buying Blackstone Group stock? BX stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Bessemer Group Inc., Capital International Investors, BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., Advisor Group Holdings Inc., Geode Capital Management LLC, and Maverick Capital Ltd.. 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 activity for Blackstone Group. How do I buy shares of 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. What is Blackstone Group's stock price today? One share of BX stock can currently be purchased for approximately $56.80. How big of a company is Blackstone Group? Blackstone Group has a market capitalization of $38.05 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 2,905 workers across the globe. What is Blackstone Group's official website? The official website for Blackstone Group is www.blackstone.com. How can I contact Blackstone Group? 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 5/31/2020 by MarketBeat.com Staff
