BX - The Blackstone Group L.P.

NYSE - NYSE Delayed Price. Currency in USD
33.04
-0.22 (-0.66%)
At close: 4:00PM EDT
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Previous Close33.26
Open33.01
Bid0.00 x 27000
Ask0.00 x 1100
Day's Range32.86 - 33.19
52 Week Range29.57 - 37.52
Volume2,408,449
Avg. Volume4,409,865
Market Cap39.334B
Beta1.58
PE Ratio (TTM)16.96
EPS (TTM)1.95
Earnings DateJul 18, 2018 - Jul 23, 2018
Forward Dividend & Yield2.18 (6.55%)
Ex-Dividend Date2018-04-27
1y Target Est39.83
Trade prices are not sourced from all markets
  • Reuters11 hours ago

    Exclusive - KKR close to signing deal for Altice's telecom towers: sources

    MADRID/LONDON (Reuters) - Private equity firm KKR (KKR.N) is close to buying a stake in the telecom towers business of Altice (ATCA.AS), three sources told Reuters, a deal that will help the telecoms and cable group to pay down debt and reshape its European operations. Under the deal, which is being finalised, KKR will use its infrastructure fund to take a minority interest in Altice's towers subsidiary in France, the sources said.

  • Reuters13 hours ago

    EU antitrust regulators to rule on Blackstone's F&R deal by July 20

    EU antitrust regulators will decide by July 20 whether to clear U.S. private equity firm Blackstone Group's US$20 billion acquisition of a majority stake in Thomson Reuters' Financial and Risk (F&R) unit, a filing on the EU competition watchdog's website showed on Monday. Blackstone sought approval from the European Commission on June 15, according to the filing on the website. The Commission can either clear the deal with or without concessions or it can open a full-scale investigation of about four months if it has serious concerns.

  • EU antitrust regulators to rule on Blackstone's F&R deal by July 20
    Reuters13 hours ago

    EU antitrust regulators to rule on Blackstone's F&R deal by July 20

    EU antitrust regulators will decide by July 20 whether to clear U.S. private equity firm Blackstone Group's US$20 billion acquisition of a majority stake in Thomson Reuters' Financial and Risk unit, a ...

  • The Wall Street Journal16 hours ago

    [$$] LaSalle Commits to Blackstone Deal Over Pebblebrook Proposal

    on Monday reiterated its commitment to a deal with Blackstone Group LP, saying the private-equity firm’s roughly $3.7 billion purchase offer it accepted last month is in the best interest of shareholders. on June 11 wasn’t a “superior proposal.” The board said that Pebblebrook’s proposal, which includes an 80% stock consideration, “doesn’t address significant price risks and uncertainties for LaSalle shareholders.” LaSalle owns 41 hotels offering a total of 10,400 guest rooms. Under the deal LaSalle and Blackstone reached last month, Blackstone would acquire LaSalle’s outstanding shares for $33.50 each.

  • Reuters17 hours ago

    LaSalle Hotel backs Blackstone bid, says Pebblebrook offer not superior

    U.S. hotel owner LaSalle Hotel Properties on Monday sided with Blackstone Group LP's $3.7 billion all-cash offer to buy the company, as it looks to thwart Pebblebrook Hotel Trust's takeover bid. LaSalle said Pebblebrook's raised cash-and-stock proposal of $37.80 per share last week was not superior as 80 percent of the offer comprised stock, which the company considers a risk for its shareholders. Pebblebrook stood pat, saying its offer remained outstanding and unveiled on Monday a 9 percent stake in LaSalle, almost double its previously disclosed holding.

  • What Were Tiger Management’s Top Holdings in Q1 2018?
    Market Realist20 hours ago

    What Were Tiger Management’s Top Holdings in Q1 2018?

    Julian Robertson is the founder and chair of Tiger Management. In the previous part of this series, we discussed that he has an optimistic outlook on the US technology sector (QQQ) and the US financial sector. In this part, we’ll look at Tiger Management’s top buys in the first quarter of 2018.

  • LaSalle Picks Blackstone's $4.8 Billion Bid Over Pebblebrook
    Bloomberg21 hours ago

    LaSalle Picks Blackstone's $4.8 Billion Bid Over Pebblebrook

    LaSalle Hotel Properties picked Blackstone Group LP as its preferred suitor, thwarting months of efforts by Pebblebrook Hotel Trust to buy the luxury-hotel owner, most recently for more than $4 billion. The Blackstone transaction values the company at $4.8 billion, LaSalle said Monday in a statement. LaSalle’s board deemed a June 11 offer from Pebblebrook “substantially similar” to one it rejected before accepting Blackstone’s bid of $33.50 a share.

  • PR Newswire3 days ago

    Blackstone Mortgage Trust Declares $0.62 Per Share Dividend

    NEW YORK, June 15, 2018 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) today declared a dividend of $0.62 per share of class A common stock with respect to the second quarter of 2018. Blackstone Mortgage Trust (BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America and Europe. Blackstone (BX) is one of the world's leading investment firms.

  • The Wall Street Journal4 days ago

    [$$] Blackstone to Exit Intelenet Investment

    French company Teleperformance SE agreed to buy the Mumbai-based provider of business process outsourcing and contact center services.

  • Reuters5 days ago

    France's Teleperformance agrees $1 bln deal to buy Intelenet from Blackstone

    Teleperformance has agreed to buy India-based Intelenet from U.S. private equity firm Blackstone in a $1 billion deal aimed at strengthening its specialised services business, the French company said. Intelenet's operations, including human resources and administration services primarily to the banking, financial services and insurance sectors, will help Teleperformance towards its 2018-22 targets, CEO Daniel Julien said in a statement.

  • Business Wire5 days ago

    Agreement by Teleperformance to Acquire Intelenet from Blackstone

    Teleperformance (TEP.PA), the worldwide leader in outsourced omnichannel customer experience management, today announced that it has entered into a definitive agreement to acquire Intelenet from Blackstone (BX), a leading global alternative asset manager. Intelenet is a major global provider of high-end omnichannel customer experience management, back-office, human resources and financial & administration services. The company has more than 110 blue chip clients worldwide, mostly in the English-speaking market, India and the Middle East.

  • Reuters5 days ago

    Deals of the day-Mergers and acquisitions

    ** Comcast Corp offered $65 billion for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration's attempt to block a merger with Time Warner Inc. ** AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion, rebuffing an attempt by U.S. President Donald Trump's administration to block the deal and likely setting off a wave of corporate mergers.

  • Moody's5 days ago

    Tribe Buyer LLC -- Moody's says incremental 1st lien term loan to fund 2nd lien repayment does not impact Tradesmen's B2 CFR and 1st lien ratings

    Moody's Investors Service ("Moody's") said Tribe Buyer LLC's (the parent company of Tradesmen International, LLC, "Tradesmen") B2 Corporate Family rating ("CFR") and B2 senior secured 1st lien rating remain unchanged following the company's announcement that it would raise an incremental $40 million senior secured 1st lien term loan and use the net proceeds to repay in full the remaining senior secured 2nd lien term loan as the new debt capital structure will lack the first loss support the 2nd lien term loan provided the 1st lien creditors, which is a negative credit development, but will feature a lower interest rate burden with the elimination of the higher cost 2nd lien term loan, which is a positive credit development. The stable ratings outlook also remains unchanged.

  • Reuters6 days ago

    Blackstone raises $9.4 billion for Asia real estate, private equity funds

    Blackstone Group LP (BX.N) said it has raised about $9.4 billion (7.03 billion pounds) for two new funds - the largest-ever fund dedicated to real estate investments in Asia as well as its first private equity fund for the region. The funds add to a massive industry-wide pool of money for Asian acquisitions and investments, with investors attracted by rapid economic growth compared to other major markets. It raised $7.1 billion for what it called its second regional "opportunistic" real estate fund.

  • Blackstone raises $9.4 billion for Asia real estate, private equity funds
    Reuters6 days ago

    Blackstone raises $9.4 billion for Asia real estate, private equity funds

    Blackstone Group LP (BX.N) said it has raised about $9.4 billion for two new funds - the largest-ever fund dedicated to real estate investments in Asia as well as its first private equity fund for the region. The funds add to a massive industry-wide pool of money for Asian acquisitions and investments, with investors attracted by rapid economic growth compared to other major markets. It raised $7.1 billion for what it called its second regional "opportunistic" real estate fund.

  • Business Wire6 days ago

    Blackstone Capital Partners Asia Closes First Fund at Approximately $2.3B

    Blackstone today announced that it has held its final close on its first Asian private equity fund, Blackstone Capital Partners Asia , reaching its hard cap. Together with commitments from Blackstone and its affiliates, BCP Asia has approximately $2.3B of capital commitments.

  • Business Wire6 days ago

    Blackstone Real Estate Partners Asia Closes Second Fund at Approximately $7.1B

    Blackstone today announced that it has held its final close on its second Asian opportunistic real estate fund, Blackstone Real Estate Partners Asia II , reaching its hard cap.

  • The Wall Street Journal6 days ago

    [$$] Blackstone Triples REIT’s Fundraising Goal

    Blackstone Group LP is tripling the fundraising goal for the nontraded real-estate investment trust it launched last year, breathing new life into an industry that hit the skids about four years ago following a flurry of bad publicity. In a new registration statement filed Tuesday with the Securities and Exchange Commission, Blackstone Real Estate Income Trust said it planned to raise another $10 billion on top of the $5 billion the trust said it would raise in its initial filing. The new registration is necessary because BREIT has been selling shares at such a high rate the first $5 billion would likely be all sold out before the end of 2018.

  • Blackstone in agreement to acquire Australia's Investa Office Fund for $2.3 billion
    Reuters6 days ago

    Blackstone in agreement to acquire Australia's Investa Office Fund for $2.3 billion

    Australia's Investa Office Fund and Blackstone Group on Wednesday entered into a scheme implementation agreement through which the U.S. private equity giant would acquire real estate investment trust for ...

  • The Wall Street Journal7 days ago

    [$$] Activist HG Vora Calls Pebblebrook's Revised Offer for LaSalle Hotel 'Superior'

    , which owns 6,973 guest rooms across 28 hotels, on Monday raised its offer to buy LaSalle to about $4.17 billion as it works to thwart an agreement the hotelier reached last month with private-equity firm Blackstone Group LP. On Tuesday, HG Vora Managing Member Parag Vora wrote in a letter to LaSalle’s board that Pebblebrook’s offer is a “superior proposal” compared with the agreement between LaSalle and Blackstone. LaSalle, which owns 41 hotels offering a total of 10,400 guest rooms, declined to comment on HG Vora’s letter Tuesday.

  • Pebblebrook Raises Bid for LaSalle Buyout, Keeps Battle Alive
    Zacks7 days ago

    Pebblebrook Raises Bid for LaSalle Buyout, Keeps Battle Alive

    Pebblebrook Hotel Trust's (PEB) latest bid for LaSalle Hotel Properties takes into account the $112-million termination fee that LaSalle needs to pay to Blackstone in case of calling off the deal.

  • InvestorPlace7 days ago

    Geopolitical Risks Are a Way Smaller Market Factor Than You Might Think

    Blackstone Group LP (NYSE:BX) vice chairman Byron Wien has a point: there’s a market-eating geopolitical monster waiting to rear its ugly head. Investors should keep their eyes peeled for geopolitical risk, especially in companies like Boeing Co (NYSE:BA) and Apple Inc. (NASDAQ:AAPL) that have the most to lose from worldwide turmoil prodding an all-out trade war. Indeed, if you can look pasts Wien’s warning and embrace everything else he said immediately before and after his warnings, it’s clear that Blackstone is still a huge fan of stocks despite all those geopolitical risks.

  • Reuters7 days ago

    LaSalle Hotel's 3rd-largest shareholder backs Pebblebrook's offer

    LaSalle Hotel Properties' third-biggest shareholder, HG Vora Capital Management, said on Tuesday that Pebblebrook Hotel Trust's revised offer for the U.S. hotel owner was superior to Blackstone's $3.7 billion bid. The hedge fund, which owns a 9.1 percent stake in the LaSalle, asked the company to consider Pebblebrook's offer and said it was available to discuss its views in more detail. Pebblebrook on Monday said its latest offer for LaSalle represented an implied price of $37.80 per share, and carried a 13 percent premium to Blackstone's $33.50 offer.

  • Forbes7 days ago

    Pebblebrook Not Backing Down On LaSalle Hotel Deal

    The Chrysler Building, an Art Deco-style skyscraper, is reflected on the side of the Grand Hyatt hotel on Lexington Avenue in New York, March 16, 2018. This morning, Pebblebrook Hotel Trust (PEB) enhanced its bid for LaSalle Hotel Properties (LHO). It was just 3 weeks ago LaSalle agreed to sell instead to Blackstone (BX) for $33.50 per share, all-cash, and all signed off by the LaSalle board.

  • Reuters7 days ago

    Deals of the day-Mergers and acquisitions

    ** Factory automation equipment maker Rockwell Automation said it would buy an 8.4 percent stake in PTC for $1 billion as it looks to build on its software capabilities to make smarter manufacturing processes for customers. ** Medical device maker Stryker Corp has made a takeover approach to rival Boston Scientific Corp, the Wall Street Journal reported, a combination that would give Stryker a strong position in stroke-preventing heart products.