NYSE:BX - Blackstone Group Stock Price, Price Target & More

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$32.74 +0.01 (+0.03 %)
(As of 06/21/2018 04:50 AM ET)
Previous Close$32.73
Today's Range$32.72 - $33.02
52-Week Range$29.57 - $37.52
Volume2.14 million shs
Average Volume5.03 million shs
Market Capitalization$21.86 billion
P/E Ratio11.65
Dividend Yield4.24%
Beta1.35
Blackstone Group logoThe Blackstone Group L.P. is a publicly owned hedge fund sponsor. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations, retirees, sovereign wealth funds, and institutional and individual investors. The firm manages separate client focused portfolios for its clients. It launches fixed income mutual funds. The firm also launches and manages private equity funds, real estate funds, funds of hedge funds, and credit-focused funds for its clients. It invests in private equity, public equity, fixed income, and alternative investment markets. The Blackstone Group L.P. was founded in 1985 and is based in New York City with additional offices in San Francisco, California, London, United Kingdom, Hong Kong, Beijing, China, Dubai, UAE, Dusseldorf, Germany, Los Angeles, Santa Monica, Mexico City, Mexico, Paris, France, Sao Paulo, Brazil, Seoul, Korea, Shanghai, China, Singapore, Sydney, Australia, Copenhagen, Denmark, Toronto, Canada, Baltimore, Maryland, and Tokyo, Japan.

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Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryN/A
SectorFinance
SymbolNYSE:BX
CUSIPN/A
Phone212-583-5000

Debt

Debt-to-Equity Ratio0.71
Current Ratio1.02
Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio11.65
Forward P/E Ratio11.37
P/E Growth1.17

Sales & Book Value

Annual Sales$7.12 billion
Price / Sales3.04
Cash Flow$5.3760 per share
Price / Cash6.09
Book Value$21.43 per share
Price / Book1.53

Profitability

EPS (Most Recent Fiscal Year)$2.81
Net Income$1.47 billion
Net Margins19.82%
Return on Equity23.94%
Return on Assets10.24%

Miscellaneous

Employees2,360
Outstanding Shares661,530,000

Blackstone Group (NYSE:BX) Frequently Asked Questions

What is Blackstone Group's stock symbol?

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

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

Blackstone Group declared a quarterly dividend on Friday, April 20th. Investors of record on Monday, April 30th will be paid a dividend of $0.35 per share on Monday, May 7th. This represents a $1.40 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Friday, April 27th. View Blackstone Group's Dividend History.

How were Blackstone Group's earnings last quarter?

Blackstone Group LP (NYSE:BX) announced its earnings results on Thursday, April, 19th. The asset manager reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.19. The asset manager earned $1.77 billion during the quarter, compared to the consensus estimate of $1.25 billion. Blackstone Group had a net margin of 19.82% and a return on equity of 23.94%. The firm's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 EPS. View Blackstone Group's Earnings History.

When is Blackstone Group's next earnings date?

Blackstone Group is scheduled to release their next quarterly earnings announcement on Thursday, July, 19th 2018. View Earnings Estimates for Blackstone Group.

What price target have analysts set for BX?

9 equities research analysts have issued twelve-month price targets for Blackstone Group's shares. Their predictions range from $33.00 to $47.00. On average, they expect Blackstone Group's share price to reach $40.6250 in the next twelve months. View Analyst Ratings for Blackstone Group.

Are investors shorting Blackstone Group?

Blackstone Group saw a decrease in short interest in May. As of May 31st, there was short interest totalling 10,461,912 shares, a decrease of 28.6% from the May 15th total of 14,650,882 shares. Based on an average daily volume of 3,471,204 shares, the short-interest ratio is currently 3.0 days. Currently, 1.6% of the shares of the company are sold short. View Blackstone Group's Current Options Chain.

Who are some of Blackstone Group's key competitors?

Who are Blackstone Group's key executives?

Blackstone Group's management team includes the folowing people:
  • Mr. Stephen Allen Schwarzman, Chairman, CEO & Co-Founder (Age 71)
  • Mr. Hamilton Evans James, Exec. Vice Chairman of Blackstone Group Management L.L.C (Age 67)
  • Mr. Jonathan D. Gray, Pres, COO & Director (Age 49)
  • Mr. Michael S. Chae J.D., Chief Financial Officer & Sr. MD of Blackstone Group Management L.L.C (Age 50)
  • Ms. Joan Solotar, Sr. MD and Head of Private Wealth Solutions & External Relations (Age 53)

Has Blackstone Group been receiving favorable news coverage?

News stories about BX stock have trended positive on Thursday, Accern reports. The research firm rates the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Blackstone Group earned a media sentiment score of 0.25 on Accern's scale. They also gave media headlines about the asset manager an impact score of 47.24 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Who are Blackstone Group's major shareholders?

Blackstone Group's stock is owned by many different of institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (2.14%), Neuberger Berman Group LLC (0.87%), Swedbank (0.83%), Wells Fargo & Company MN (0.55%), Amundi Pioneer Asset Management Inc. (0.54%) and Natixis (0.51%). Company insiders that own Blackstone Group stock include Bennett J Goodman, Group LP Blackstone, Holdings LP Blackstone III, J Tomilson Hill, Joan Solotar, John G Finley, Kathleen Skero and Real Estate Associa Blackstone. View Institutional Ownership Trends for Blackstone Group.

Which institutional investors are selling Blackstone Group stock?

BX stock was sold by a variety of institutional investors in the last quarter, including Algebris UK Ltd, Honeywell International Inc., Alkeon Capital Management LLC, Atlantic Trust Group LLC, Uniplan Investment Counsel Inc., Thrivent Financial for Lutherans, Sei Investments Co. and Commerzbank Aktiengesellschaft FI. Company insiders that have sold Blackstone Group company stock in the last year include J Tomilson Hill and John G Finley. View Insider Buying and Selling for Blackstone Group.

Which institutional investors are buying Blackstone Group stock?

BX stock was acquired by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Natixis, Massachusetts Financial Services Co. MA, OppenheimerFunds Inc., Russell Investments Group Ltd., Menora Mivtachim Holdings LTD., Chilton Investment Co. LLC and Partners Group Holding AG. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Blackstone Group's stock price today?

One share of BX stock can currently be purchased for approximately $32.74.

How big of a company is Blackstone Group?

Blackstone Group has a market capitalization of $21.86 billion and generates $7.12 billion in revenue each year. The asset manager earns $1.47 billion in net income (profit) each year or $2.81 on an earnings per share basis. Blackstone Group employs 2,360 workers across the globe.

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]


MarketBeat Community Rating for Blackstone Group (BX)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  878 (Vote Outperform)
Underperform Votes:  462 (Vote Underperform)
Total Votes:  1,340
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.
This page was last updated on 6/21/2018 by MarketBeat.com Staff

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