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NYSE:BX

The Blackstone Group Stock Forecast, Price & News

$60.53
+0.05 (+0.08 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$60.15
Now: $60.53
$60.70
50-Day Range
$50.29
MA: $55.38
$60.48
52-Week Range
$33.00
Now: $60.53
$64.97
Volume1.20 million shs
Average Volume4.43 million shs
Market Capitalization$40.80 billion
P/E Ratio56.57
Dividend Yield3.57%
Beta1.29
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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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 3.0Dividend Strength: 0.8Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.91 out of 5 stars


Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-583-5000
Employees2,905

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.34 billion
Cash Flow$2.51 per share
Book Value$19.93 per share

Profitability

Net Income$2.05 billion

Miscellaneous

Market Cap$40.80 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$60.53
+0.05 (+0.08 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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The Blackstone Group (NYSE:BX) Frequently Asked Questions

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 27.8% and is now trading at $60.53.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of The Blackstone Group?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Blackstone Group in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for The Blackstone Group
.

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 short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Blackstone Group wasn't one of them. MarketBeat thinks these five stocks 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, February 4th 2021.
View our earnings forecast for The Blackstone Group
.

How were The Blackstone Group's earnings last quarter?

The Blackstone Group Inc. (NYSE:BX) released its quarterly earnings data on Wednesday, October, 28th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. The asset manager earned $3.03 billion during the quarter, compared to analysts' expectations of $1.42 billion. The business's quarterly revenue was up 74.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 EPS.
View The Blackstone Group's earnings history
.

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

The Blackstone Group announced a quarterly dividend on Wednesday, October 28th. Investors of record on Monday, November 9th will be given a dividend of $0.54 per share on Monday, November 16th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Friday, November 6th. This is an increase from The Blackstone Group's previous quarterly dividend of $0.37.
View The Blackstone Group's dividend history
.

What price target have analysts set for BX?

12 equities research analysts have issued 12-month target prices for The Blackstone Group's shares. Their forecasts range from $49.00 to $72.00. On average, they anticipate The Blackstone Group's stock price to reach $60.77 in the next year. This suggests a possible upside of 0.4% from the stock's current price.
View analysts' price targets for The Blackstone Group
.

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).

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 73, Pay $57.07M)
  • Mr. Hamilton Evans James, Exec. Vice Chairman & Gen. Partner (Age 69, Pay $55.96M)
  • Mr. Jonathan D. Gray, Gen. Partner, Pres, COO & Director (Age 51, Pay $65.99M)
  • Mr. Michael S. Chae J.D., Chief Financial Officer (Age 52, Pay $11.62M)
  • Mr. John Gary Finley, Chief Legal Officer & Sr. MD (Age 63, Pay $5.43M)
  • Mr. Jay O. Light, Gen. Partner & Independent Director (Age 78, Pay $200k)
  • Mr. William J. Stein, Sr. Managing Director of Real Estate (Age 58)
  • Mr. Peter Farrell Wallace, Sr. Managing Director of Private Equity (Age 45)
  • Mr. Anthony Myers, Sr. MD of Real Estate & Chairman of Real Estate Europe (Age 61)
  • Mr. Robert Christopher Heady, Sr. MD - Hong Kong, Head of Asia Real Estate & Chairman of Asia Pacific

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.02%), Morgan Stanley (2.80%), State Street Corp (1.14%), Neuberger Berman Group LLC (1.06%), CIBC Private Wealth Group LLC (1.04%) and Wells Fargo & Company MN (0.81%). Company insiders that own The Blackstone Group stock include Bennett J Goodman, 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 major investors are selling The Blackstone Group stock?

BX stock was sold by a variety of institutional investors in the last quarter, including Egerton Capital UK LLP, Chilton Investment Co. LLC, The Manufacturers Life Insurance Company, Integrated Advisors Network LLC, BlackRock Inc., Achmea Investment Management B.V., Private Capital Advisors Inc., and State Street Corp. Company insiders that have sold The Blackstone Group company stock in the last year include Blackstone Group Inc, John G Finley, and Joseph Baratta.
View insider buying and selling activity for The Blackstone Group
.

Which major investors are buying The Blackstone Group stock?

BX stock was bought by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Alps Advisors Inc., Locust Wood Capital Advisers LLC, Sound Shore Management Inc CT, Advisors Capital Management LLC, Wells Fargo & Company MN, Point72 Asset Management L.P., and Morgan Stanley. 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
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is The Blackstone Group's stock price today?

One share of BX stock can currently be purchased for approximately $60.53.

How big of a company is The Blackstone Group?

The Blackstone Group has a market capitalization of $40.80 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. The Blackstone Group employs 2,905 workers across the globe.

What is The Blackstone Group's official website?

The official website for The Blackstone Group is www.blackstone.com.

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 11/28/2020 by MarketBeat.com Staff

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