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The Blackstone Group Inc. (BX)

NYSE - NYSE Delayed Price. Currency in USD
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64.90-0.08 (-0.12%)
At close: 4:00PM EST
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Neutralpattern detected
Previous Close64.98
Bid0.00 x 900
Ask0.00 x 1100
Day's Range64.90 - 66.14
52 Week Range33.00 - 66.14
Avg. Volume2,765,541
Market Cap45.039B
Beta (5Y Monthly)1.33
PE Ratio (TTM)57.54
EPS (TTM)1.13
Earnings DateJan 27, 2021
Forward Dividend & Yield1.91 (2.94%)
Ex-Dividend DateNov 06, 2020
1y Target Est69.44
  • Blackstone to Buy an Allstate Life Insurance Business for $2.8 Billion

    Blackstone to Buy an Allstate Life Insurance Business for $2.8 Billion

    (Bloomberg) -- Blackstone Group Inc. agreed to buy a life business from Allstate Corp. for $2.8 billion as the private equity firm expands its foothold in the insurance industry.Entities managed by Blackstone will purchase Allstate Life Insurance Co., the insurer said Tuesday in a statement. Allstate will retain a New York life business and is seeking a way to sell or transfer risk from that unit to a third party.Allstate has been looking to pivot away from life insurance and annuities as the Northbrook, Illinois-based firm focuses more on property-casualty products such as identity protection and personal coverage. The deal will help Blackstone expand further into life insurance and annuities after its work with FGL Holdings, which was bought by Fidelity National Financial Inc. last year.The move helps Allstate deploy capital out of lower-growth businesses amid its plan to boost market share in personal property-liability, Chief Executive Officer Tom Wilson said in the statement.Private equity firms such as Blackstone and Apollo Global Management Inc. have been drawn to annuity businesses for a steady stream of assets that can be invested.“We believe our team’s extensive experience in the insurance sector and world-class asset origination capabilities will deliver significant benefits to policyholders and investors over the long term,” Gilles Dellaert, global head of Blackstone’s insurance solutions business, said in the statement.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Benzinga

    Blackstone Group's Earnings: A Preview

    Blackstone Group (NYSE:BX) announces its next round of earnings this Wednesday, January 27. Here is Benzinga's everything-that-matters guide for this Wednesday's Q4 earnings announcement. Net Income, Earnings, And Earnings Per Share Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS. Earnings And Revenue Wall Street expects EPS of $0.88 and sales around $2.29 billion. In the same quarter last year, Blackstone Group reported EPS of $0.71 on revenue of $2.09 billion. Why Analyst Estimates And Earnings Surprises Are Important Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin. View more earnings on BX The analyst consensus estimate would represent a 23.94% increase in the company's earnings. Revenue would be up 9.52% from the same quarter last year. Blackstone Group's reported EPS has stacked up against analyst estimates in the past like this: Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate 0.55 0.43 0.50 0.66 EPS Actual 0.63 0.43 0.46 0.71 Revenue Estimate 1.26 B 1.09 B 1.25 B 1.56 B Revenue Actual 3.03 B 2.52 B 1.14 B 2.09 B Stock Performance Over the last 52-week period, shares are up 5.09%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement. Do not be surprised to see the stock move on comments made during its conference call. Blackstone Group is scheduled to hold the call at 09:00:00 ET and can be accessed here. See more from BenzingaClick here for options trades from BenzingaA Look Into Blackstone Group's DebtBenzinga's Top Ratings Upgrades, Downgrades For January 14, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Reuters

    Blackstone-backed Aadhar Housing Finance files for $1 bln IPO

    India's Aadhar Housing Finance Ltd, backed by private equity firm Blackstone Group Inc, has filed for an initial public offering of up to 73 billion rupees ($999.68 million), draft papers submitted to the market regulator showed on Tuesday. The offering will comprise a fresh issue of shares worth up to 15 billion rupees by the housing financier and shares worth up to 58 billion rupees by BCP Topco VII Pte Ltd, an entity managed by Blackstone that owns 98.72% in the company. The filing follows blockbuster IPOs by Burger King India and Mrs Bectors Food Specialities in December that cashed in on a stock market rally fuelled by improving outlook for an economy hit by the pandemic.