Blackstone Group Stock Price, News & Analysis (NYSE:BX)

$52.89
-0.01 (-0.02 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$52.03
Now: $52.89
$53.25
50-Day Range
$44.50
MA: $49.13
$53.57
52-Week Range
$26.88
Now: $52.89
$55.17
Volume37.86 million shs
Average Volume5.33 million shs
Market Capitalization$34.98 billion
P/E Ratio23.40
Dividend Yield3.63%
Beta1.47
The Blackstone Group L.P. is a publicly owned alternative asset manager. The firm also provides capital markets 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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.83 billion
Cash Flow$2.3889 per share
Book Value$20.55 per share

Profitability

Net Income$1.54 billion

Miscellaneous

Employees2,615
Market Cap$34.98 billion
Next Earnings Date10/17/2019 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Friday, July 19th. Investors 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 3.63%. The ex-dividend date of this dividend is Friday, July 26th. View Blackstone Group's Dividend History.

How were Blackstone Group's earnings last quarter?

Blackstone Group LP (NYSE:BX) released its quarterly earnings results on Thursday, July, 18th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.50 by $0.07. The asset manager earned $1.49 billion during the quarter, compared to analyst estimates of $1.15 billion. Blackstone Group had a return on equity of 11.30% and a net margin of 20.51%. The company's revenue was down 43.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 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, October 17th 2019. View Earnings Estimates for Blackstone Group.

What price target have analysts set for BX?

8 analysts have issued twelve-month price targets for Blackstone Group's stock. Their forecasts range from $43.00 to $56.00. On average, they expect Blackstone Group's share price to reach $49.50 in the next twelve months. This suggests that the stock has a possible downside of 6.4%. View Analyst Price Targets for Blackstone Group.

What is the consensus analysts' recommendation for Blackstone Group?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Blackstone Group in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Blackstone Group.

Has Blackstone Group been receiving favorable news coverage?

News headlines about BX stock have trended negative this week, according to InfoTrie. The research firm scores the sentiment of press coverage by monitoring 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 nearest to five being the most favorable. Blackstone Group earned a news sentiment score of -2.9 on InfoTrie's scale. They also gave media stories about the asset manager a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Blackstone Group.

Are investors shorting Blackstone Group?

Blackstone Group saw a increase in short interest in August. As of August 31st, there was short interest totalling 11,459,300 shares, an increase of 7.3% from the July 31st total of 10,683,600 shares. Based on an average daily trading volume, of 6,920,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.8% of the company's shares are sold short. View Blackstone Group's Current Options Chain.

Who are some of Blackstone Group's key 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), Verizon Communications (VZ), Gilead Sciences (GILD), Cisco Systems (CSCO), Micron Technology (MU), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM) and Johnson & Johnson (JNJ).

Who are Blackstone Group's key executives?

Blackstone Group's management team includes the folowing people:
  • Mr. Stephen Allen Schwarzman, Chairman, CEO & Founder of Blackstone Group Management L.L.C. (Age 72)
  • Mr. Hamilton Evans James, Exec. Vice Chairman of Blackstone Group Management L.L.C (Age 68)
  • Mr. Jonathan D. Gray, Pres, COO & Director of Blackstone Group Management L.L.C. (Age 50)
  • Mr. Michael S. Chae J.D., CFO & Sr. MD of Blackstone Group Management L.L.C. (Age 51)
  • Mr. Michael B. Nash, Sr MD & Co-Founder & Chairman of Blackstone Real Estate Debt Strategies (Age 58)

Who are Blackstone Group's major shareholders?

Blackstone Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include Morgan Stanley (4.56%), Janus Henderson Group PLC (2.46%), Bank of Montreal Can (1.81%), Natixis (1.23%), Nuveen Asset Management LLC (0.80%) and Waddell & Reed Financial Inc. (0.62%). 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, Joan Solotar and John G Finley. 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 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 Joan Solotar. 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 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.

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 $52.89.

How big of a company is Blackstone Group?

Blackstone Group has a market capitalization of $34.98 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.

What is Blackstone Group's official website?

The official website for Blackstone Group is http://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]


MarketBeat Community Rating for Blackstone Group (NYSE BX)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  1,010 (Vote Outperform)
Underperform Votes:  641 (Vote Underperform)
Total Votes:  1,651
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 9/21/2019 by MarketBeat.com Staff

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