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NYSE:BX

The Blackstone Group Stock Forecast, Price & News

$87.48
+2.07 (+2.42 %)
(As of 05/14/2021 12:00 AM ET)
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Today's Range
$85.65
$87.84
50-Day Range
$72.99
$90.04
52-Week Range
$49.26
$91.41
Volume2.83 million shs
Average Volume3.00 million shs
Market Capitalization$59.86 billion
P/E Ratio81.76
Dividend Yield3.84%
Beta1.33
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The Blackstone Group logo

About The Blackstone Group

The Blackstone Group Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity 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, life sciences, 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.

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Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-583-5000
Employees3,165
Year Founded1985

Sales & Book Value

Annual Sales$7.34 billion
Cash Flow$3.42 per share
Book Value$22.77 per share

Profitability

Net Income$2.05 billion

Debt

Price-To-Earnings

Miscellaneous

Market Cap$59.86 billion
Next Earnings Date7/22/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.77 out of 5 stars

Finance Sector

375th out of 1,949 stocks

Investment Advice Industry

21st out of 65 stocks

Analyst Opinion: 2.3Community Rank: 3.0Dividend Strength: 0.8Insider Behavior: 0.8Valuation: 1.9 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?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Blackstone Group in the last twelve months. There are currently 5 hold ratings and 7 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.

When is The Blackstone Group's next earnings date?

The Blackstone Group is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 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 earnings results on Wednesday, April, 21st. The asset manager reported $0.96 EPS for the quarter, beating the Zacks' consensus estimate of $0.72 by $0.24. The asset manager earned $2.05 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the business posted $0.46 earnings per share.
View The Blackstone Group's earnings history
.

How has The Blackstone Group's stock been impacted by Coronavirus?

The Blackstone Group's stock was trading at $47.35 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BX shares have increased by 84.8% and is now trading at $87.48.
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 declared a quarterly dividend on Friday, April 23rd. Shareholders of record on Monday, May 3rd will be paid a dividend of $0.82 per share on Monday, May 10th. This represents a $3.28 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Friday, April 30th.
View The Blackstone Group's dividend history
.

Is The Blackstone Group a good dividend stock?

The Blackstone Group pays an annual dividend of $3.28 per share and currently has a dividend yield of 3.84%. The dividend payout ratio of The Blackstone Group is 141.99%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, The Blackstone Group will have a dividend payout ratio of 109.33% 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?

12 Wall Street analysts have issued twelve-month target prices for The Blackstone Group's shares. Their forecasts range from $58.00 to $100.00. On average, they anticipate The Blackstone Group's stock price to reach $75.90 in the next year. This suggests that the stock has a possible downside of 13.2%.
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:
  • Mr. Stephen Allen Schwarzman B.A., M.B.A., Chairman, CEO & Co-Founder (Age 74, Pay $86.38M) (LinkedIn Profile)
  • Mr. Hamilton Evans James, Exec. Vice Chairman & Gen. Partner (Age 70, Pay $64.78M)
  • Mr. Jonathan D. Gray, Gen. Partner, Pres, COO & Director (Age 52, Pay $86.37M)
  • Mr. Michael S. Chae J.D., Chief Financial Officer (Age 53, Pay $15.83M)
  • Mr. John Gary Finley, Chief Legal Officer (Age 64, Pay $6.43M)
  • Mr. Joseph Patrick Baratta, Global Head of Private Equity & Director (Age 50)
  • Mr. Jay O. Light, Gen. Partner & Independent Director (Age 79, Pay $200k)
  • Mr. William J. Stein, Sr. Managing Director of Real Estate (Age 59)
  • Mr. Anthony Myers, Sr. MD of Real Estate & Chairman of Real Estate Europe (Age 62) (LinkedIn Profile)
  • Mr. Robert Christopher Heady, Sr. MD - Hong Kong, Head of Asia Real Estate & Chairman of Asia Pacific

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 shareholders include BlackRock Inc. (3.40%), Capital International Investors (2.39%), CIBC Private Wealth Group LLC (1.45%), Bessemer Group Inc. (1.23%), Clearbridge Investments LLC (1.19%) and Geode Capital Management LLC (0.84%). Company insiders that own The Blackstone Group stock include Blackstone Bdc Holdings Llc, Blackstone Group Inc, Christopher Striano, Clarus Gp LP Blackstone, Hamilton E James, Holdings LP Blackstone III, Joan Solotar, 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, Artisan Partners Limited Partnership, UBS Asset Management Americas Inc., Sanders Morris Harris LLC, Whittier Trust Co., Ensign Peak Advisors Inc, Bank of New York Mellon Corp, and Clear Street Markets LLC. Company insiders that have sold The Blackstone Group company stock in the last year include Blackstone Group Inc, Hamilton E James, 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 BlackRock Inc., Renaissance Technologies LLC, Alphinity Investment Management Pty Ltd, AGF Investments Inc., The Manufacturers Life Insurance Company, Virginia Retirement Systems ET AL, CIBC Private Wealth Group LLC, and Jennison Associates 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 $87.48.

How much money does The Blackstone Group make?

The Blackstone Group has a market capitalization of $59.86 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.

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 5/16/2021 by MarketBeat.com Staff
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