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NYSE:BX

Blackstone - BX Stock Forecast, Price & News

$85.16
+0.12 (+0.14%)
(As of 12/2/2022 04:29 PM ET)
Add
Compare
Today's Range
$80.44
$85.46
50-Day Range
$81.95
$108.77
52-Week Range
$79.54
$143.41
Volume
13.23 million shs
Average Volume
4.71 million shs
Market Capitalization
$59.76 billion
P/E Ratio
24.06
Dividend Yield
4.23%
Price Target
$113.10

Blackstone MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
31.7% Upside
$112.17 Price Target
Short Interest
Healthy
2.78% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.72
Upright™ Environmental Score
News Sentiment
0.33mentions of Blackstone in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$207.05 M Sold Last Quarter
Proj. Earnings Growth
1.17%
From $5.15 to $5.21 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.13 out of 5 stars

Finance Sector

24th out of 910 stocks

Investment Advice Industry

2nd out of 49 stocks

BX stock logo

About Blackstone (NYSE:BX) Stock

Blackstone 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,special situations, distressed mortgage loans, 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 majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, enterprise tech and consumer, as well as consumer technologies. The firm considers investment in Asia and Latin America. It has a three year investment period. 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. Blackstone 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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BX Stock News Headlines

Why Is Blackstone (BX) Stock Down 7% Today?
🚨 [Strong Buy Alert] Is this laser stock in your portfolio?
There are very few opportunities like this in today's bear market... But our analysts identified a tiny defense company landing billions of dollars in contracts every year.
CIOXY or BX: Which Is the Better Value Stock Right Now?
🚨 [Strong Buy Alert] Is this laser stock in your portfolio?
There are very few opportunities like this in today's bear market... But our analysts identified a tiny defense company landing billions of dollars in contracts every year.
What Makes Blackstone (BX) an Attractive Investment?
Blackstone Inc. (BX) Q3 2022 Earnings Call Transcript
See More Headlines
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BX Company Calendar

Last Earnings
10/20/2022
Ex-Dividend for 11/7 Dividend
10/28/2022
Dividend Payable
11/07/2022
Today
12/02/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/26/2023

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
N/A
Sector
Finance
Employees
3,795
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$112.17
High Stock Price Forecast
$155.00
Low Stock Price Forecast
$67.50
Forecasted Upside/Downside
+32.8%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
15 Analysts

Profitability

Net Income
$5.86 billion
Pretax Margin
49.60%

Debt

Sales & Book Value

Annual Sales
$22.58 billion
Cash Flow
$4.76 per share
Book Value
$26.21 per share

Miscellaneous

Free Float
694,763,000
Market Cap
$59.76 billion
Optionable
Optionable
Beta
1.43

Key Executives

  • Mr. Stephen Allen Schwarzman B.A.Mr. Stephen Allen Schwarzman B.A. (Age 75)
    M.B.A., Chairman, CEO & Co-Founder
    Comp: $160.28M
  • Mr. Jonathan D. Gray CIMA (Age 53)
    Gen. Partner, Pres, COO & Director
    Comp: $104.19M
  • Mr. Michael S. Chae J.D. (Age 54)
    Chief Financial Officer
    Comp: $19.53M
  • Mr. John Gary FinleyMr. John Gary Finley (Age 65)
    Chief Legal Officer
    Comp: $8.17M
  • Mr. Joseph Patrick Baratta (Age 51)
    Global Head of Private Equity & Director
  • Mr. William J. Stein (Age 60)
    Sr. Managing Director of Real Estate- New York
  • Mr. Robert Christopher Heady
    Sr. MD - Hong Kong, Head of Asia Real Estate & Chairman of Asia Pacific
  • Mr. Prakash Arjandas Melwani (Age 64)
    Sr. MD & Chief Investment Officer of Private Equity - New York
  • Mr. Michael B. Nash (Age 61)
    Sr. MD of Real Estate & Co-Founder and Chairman of Blackstone Real Estate Debt Strategies
  • Mr. James Carnegie
    Former Sr. Managing Director of Private Equity - Sydney













BX Stock - Frequently Asked Questions

Should I buy or sell Blackstone stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blackstone in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BX, but not buy additional shares or sell existing shares.
View BX analyst ratings
or view top-rated stocks.

What is Blackstone's stock price forecast for 2023?

15 equities research analysts have issued 1-year target prices for Blackstone's shares. Their BX share price forecasts range from $67.50 to $155.00. On average, they predict the company's share price to reach $112.17 in the next year. This suggests a possible upside of 31.8% from the stock's current price.
View analysts price targets for BX
or view top-rated stocks among Wall Street analysts.

How have BX shares performed in 2022?

Blackstone's stock was trading at $129.39 at the beginning of the year. Since then, BX stock has decreased by 34.2% and is now trading at $85.12.
View the best growth stocks for 2022 here
.

Are investors shorting Blackstone?

Blackstone saw a decline in short interest in November. As of November 15th, there was short interest totaling 19,510,000 shares, a decline of 8.4% from the October 31st total of 21,290,000 shares. Based on an average daily volume of 4,360,000 shares, the days-to-cover ratio is presently 4.5 days.
View Blackstone's Short Interest
.

When is Blackstone's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our BX earnings forecast
.

How were Blackstone's earnings last quarter?

Blackstone Inc. (NYSE:BX) issued its quarterly earnings results on Thursday, October, 20th. The asset manager reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.09. The asset manager earned $2.59 billion during the quarter, compared to analysts' expectations of $2.52 billion. Blackstone had a trailing twelve-month return on equity of 20.75% and a net margin of 20.58%. The business's revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS.

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

Blackstone declared a quarterly dividend on Thursday, October 20th. Shareholders of record on Monday, October 31st will be paid a dividend of $0.90 per share on Monday, November 7th. This represents a $3.60 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Friday, October 28th.
Read our dividend analysis for BX
.

Is Blackstone a good dividend stock?

Blackstone (NYSE:BX) pays an annual dividend of $3.60 per share and currently has a dividend yield of 3.93%. The dividend payout ratio is 101.70%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, BX will have a dividend payout ratio of 69.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BX.

What other stocks do shareholders of Blackstone own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Blackstone 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 Walt Disney (DIS).

What is Blackstone's stock symbol?

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

Who are Blackstone's major shareholders?

Blackstone's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.60%), BlackRock Inc. (5.51%), State Street Corp (2.29%), Edgewood Management LLC (1.56%), CIBC Private Wealth Group LLC (1.03%) and Brown Advisory Inc. (0.86%). Insiders that own company stock include Altus Holdings Lp Gso, Blackstone Bdc Holdings Llc, Blackstone Group Inc, David Payne, Hamilton E James, Holdings LP Blackstone II, Holdings LP Blackstone III, James Breyer, John G Finley, John G Finley, Joseph Baratta, Lifesciences Iii LP Clarus, Ruth Porat and Tactical Opportunit Blackstone.
View institutional ownership trends
.

How do I buy shares of Blackstone?

Shares of BX stock 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 Blackstone's stock price today?

One share of BX stock can currently be purchased for approximately $85.12.

How much money does Blackstone make?

Blackstone (NYSE:BX) has a market capitalization of $59.74 billion and generates $22.58 billion in revenue each year. The asset manager earns $5.86 billion in net income (profit) each year or $3.54 on an earnings per share basis.

How many employees does Blackstone have?

The company employs 3,795 workers across the globe.

How can I contact Blackstone?

Blackstone's mailing address is 345 Park Avenue, New York NY, 10154. The official website for the company is www.blackstone.com. The asset manager can be reached via phone at (212) 583-5000, via email at blackstoneinvestorrelations@blackstone.com, or via fax at 212-583-5749.

This page (NYSE:BX) was last updated on 12/2/2022 by MarketBeat.com Staff