Blackstone Group (NYSE:BX) shares currently have a dividend yield of 4.20%.
The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. The company has a P/E ratio of 19.89.
The average volume for Blackstone Group has been 5,033,200 shares per day over the past 30 days. Blackstone Group has a market cap of $12.2 billion and is part of the financial services industry. Shares are up 41.4% year to date as of the close of trading on Friday.
TheStreet Ratings rates Blackstone Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
Highlights from the ratings report include:
◾ BX's very impressive revenue growth greatly exceeded the industry average of 12.4%. Since the same quarter one year prior, revenues leaped by 129.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
◾ Powered by its strong earnings growth of 357.14% and other important driving factors, this stock has surged by 59.41% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, BX should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
◾ BLACKSTONE GROUP LP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, BLACKSTONE GROUP LP turned its bottom line around by earning $0.40 versus -$0.33 in the prior year. This year, the market expects an improvement in earnings ($2.39 versus $0.40).
◾ The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Capital Markets industry. The net income increased by 381.7% when compared to the same quarter one year prior, rising from -$74.96 million to $211.15 million.
◾ Net operating cash flow has increased to $236.25 million or 11.38% when compared to the same quarter last year. In addition, BLACKSTONE GROUP LP has also modestly surpassed the industry average cash flow growth rate of 7.92%.
◾You can view the full Blackstone Group Ratings Report.