BX - The Blackstone Group L.P.

NYSE - NYSE Delayed Price. Currency in USD
31.66
-0.52 (-1.62%)
At close: 4:00PM EDT
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Previous Close32.18
Open32.06
Bid0.00 x 0
Ask0.00 x 0
Day's Range31.44 - 32.20
52 Week Range29.03 - 37.52
Volume4,094,515
Avg. Volume5,700,856
Market Cap37.614B
Beta1.59
PE Ratio (TTM)14.33
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield3.40 (11.07%)
Ex-Dividend Date2018-02-09
1y Target EstN/A
Trade prices are not sourced from all markets
  • CFTC Eyes Possible Market Manipulation
    Bloomberg Video19 hours ago

    CFTC Eyes Possible Market Manipulation

    Apr.25 -- Bloomberg’s Ed Hammond discusses the CFTC possibly acting on manufactured CDS payouts. He speaks with Alix Steel and David Westin on "Bloomberg Daybreak: Americas."

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    CNBC Videos2 days ago

    Cramer's lightning round: Ingersoll-Rand is the right sto...

    Jim Cramer shares his take on callers' favorite stocks at lightning speed, including an industrial play.

  • Volatility knocks Blackstone profit less than feared
    Reuters Videos7 days ago

    Volatility knocks Blackstone profit less than feared

    Blackstone Group's quarterly profit dropped 19 percent amid the stock market slump. But as Fred Katayama reports, the alternative assets manager still beat analysts' expectations.

  • Blackstone 1Q Economic EPS Beat Estimates
    Bloomberg Video7 days ago

    Blackstone 1Q Economic EPS Beat Estimates

    Apr.19 -- Bloomberg’s Ed Hammond discusses earnings from Blackstone. He speaks with Alix Steel and David Westin on "Bloomberg Daybreak: Americas."

  • Blackstone’s Valuation, Post-1Q18 Earnings Release
    Market Realist17 hours ago

    Blackstone’s Valuation, Post-1Q18 Earnings Release

    The Blackstone Group (BX) has an NTM (next-12-month) price-to-book ratio of 3.5x, higher than peers’ average ratio of 3.1x. Competitors Ares Management (ARES), Brookfield Asset Management (BAM), and Ameriprise Financial (AMP) have NTM price-to-book ratios of 4.4x, 1.5x, and 3.3x, respectively. Blackstone may have a higher valuation due to its 1Q18 numbers exceeding analysts’ expectations and its AUM (assets under management) rising in 1Q18.

  • Blackstone’s Hedge Fund Solutions Revenue Falls
    Market Realist18 hours ago

    Blackstone’s Hedge Fund Solutions Revenue Falls

    In 1Q18, The Blackstone Group’s (BX) Hedge Fund Solutions saw an inflow to its total AUM (assets under management) of $3.9 billion. During the same period, the BPS Composite witnessed a 1.3% gross return and a 1.1% net return amid market fluctuation. Hedge Fund Solutions’ total revenue fell 23% YoY (year-over-year) to $140.4 million from $182.2 million, and its principal investment income fell 94% YoY to $1 million from $17.6 million. The division’s performance revenue also fell YoY, to $15.2 million from $33.4 million.

  • What to Know about Blackstone’s Credit Division
    Market Realist20 hours ago

    What to Know about Blackstone’s Credit Division

    In 1Q18, The Blackstone Group’s (BX) credit division’s total revenue fell 11% YoY (year-over-year) to $202.1 million from $226.3 million. Its performing credit delivered 3.2% in composite gross returns, while its distressed strategies delivered -0.3%. 

  • The Wall Street Journalyesterday

    [$$] U.S. Regulator Knocks Blackstone on Hovnanian Swap Trade

    Commodity Futures Trading Commission says “intentional defaults” distort credit protection markets

  • A Look at Blackstone’s Real Estate Division in 1Q18
    Market Realistyesterday

    A Look at Blackstone’s Real Estate Division in 1Q18

    The Blackstone Group’s (BX) real estate revenue fell substantially YoY (year-over-year) in 1Q18, by 17% to $641 million from $774.9 million. Its principal investment income fell 51% YoY to $17.3 million from $35.7 million, and its performance revenue fell 26% YoY. The division’s opportunistic funds’ carrying value rose 3.5%, mainly due to private investments, and the carrying value of the division’s core plus funds appreciated 3.4%.

  • How Blackstone’s Private Equity Division Did in 1Q18
    Market Realistyesterday

    How Blackstone’s Private Equity Division Did in 1Q18

    In 1Q18, The Blackstone Group’s (BX) corporate private equity division grew 6.4% thanks to its private portfolio. It deployed $4 billion toward Paysafe, Strategic Partners, and Tactical Opportunities. The division’s total revenue rose 9% YoY (year-over-year) to $681.1 million, and its net management and advisory fees rose 6% YoY from $180.6 million to $190.8 million.

  • Blackstone’s 1Q18: Results Beat Expectations
    Market Realist2 days ago

    Blackstone’s 1Q18: Results Beat Expectations

    The Blackstone Group (BX) posted strong 1Q18 results on April 19. The company reported EPS (earnings per share) of $0.65, exceeding analysts’ expectation by $0.15, but lower than its 4Q17 EPS. It generated net economic income of $792 million, marking a YoY (year-over-year) decline. Alternative asset managers (XLF) such as Carlyle (CG), KKR (KKR) and Apollo Global Management (APO) are impacted by having a high valuation, which decreases their chances of making deployments.

  • Blackstone Lures Retail Clients With Help of Adviser School
    Bloomberg2 days ago

    Blackstone Lures Retail Clients With Help of Adviser School

    Blackstone Group LP, the private-equity behemoth that’s traditionally raised money from institutions, is making a bigger bet on individual investors.

  • Morgan Stanley’s Asset Management Expands on Rates, New Flow
    Market Realist5 days ago

    Morgan Stanley’s Asset Management Expands on Rates, New Flow

    Morgan Stanley’s (MS) total assets under management rose 8% YoY (year-over-year) to $2.4 trillion on March 31, 2018, helped by a higher valuation of holdings and flow. Quarter-over-quarter, its total assets under management were flat, reflecting lower valuation increases and offset by new, long-term flow.

  • Reuters6 days ago

    Apollo, Blackstone are the only remaining bidders for Cirsa - sources

    MADRID/LONDON (Reuters) - The private equity funds of Blackstone (BX.N) and Apollo (APO.N) are the only two bidders left in the sale of Spanish gaming hall operator Cirsa, raising doubts about whether the sale will go ahead, sources familiar with the matter said. The sale process is due to wrap up any day now, but Cirsa, which has also explored the possibility of a market listing, is disappointed with so few bids, two of the sources said. Spokesmen for Apollo and Blackstone and a spokeswoman for Cirsa declined to comment.

  • The Wall Street Journal6 days ago

    [$$] Blackstone Results Top Expectations, Helped by Fee Growth

    Blackstone Group LP reported first-quarter profit that beat expectations thanks to strong growth in fee-related earnings, though its results faded compared with a blockbuster quarter a year ago. The private-equity firm’s economic profit, which reflects changes in the value of unrealized investments, fell to $792 million, or 65 cents a share from $967.9 million, or 81 cents a share, a year earlier. Blackstone’s fee-related earnings climbed 14% to $332.9 million.

  • Blackstone first-quarter earnings better than feared as Gray lays out roadmap
    Reuters6 days ago

    Blackstone first-quarter earnings better than feared as Gray lays out roadmap

    Profits have soared at private equity firms such as Blackstone in recent years, as a U.S. stock market rally allowed them to sell assets for top dollar. Blackstone reported a 20 percent drop in economic net income per share on Thursday but still beat Wall Street's expectations. "We had a solid start to the year," President and Chief Operating Officer Jon Gray said in a call with reporters.

  • Blackstone Group LP Stock Up on Q1 Earnings Beat
    InvestorPlace7 days ago

    Blackstone Group LP Stock Up on Q1 Earnings Beat

    This is down from its earnings per share of 82 cents from the same time last year. Despite this, it was still good news for BX stock by coming in above Wall Street’s earnings per share estimate of 63 cents for the period. Net income reported by Blackstone Group LP in the first quarter of 2018 was $842.30 million.

  • Blackstone (BX) Q1 Earnings Beat, Capital Actions Announced
    Zacks7 days ago

    Blackstone (BX) Q1 Earnings Beat, Capital Actions Announced

    Rise in assets under management supports Blackstone's (BX) Q1 earnings while revenues witness a fall.

  • Reuters7 days ago

    Market swings knock Blackstone earnings less than feared

    Blackstone Group LP, the largest manager of alternative assets such as private equity and real estate, on Thursday reported a 20 percent drop in first-quarter earnings per share but still beat Wall Street's expectations, as a stock market slump weighed on the value of its holdings. Profits have soared at private equity firms such as Blackstone in recent years, as a U.S. stock market rally allowed them to sell assets for top dollar. Blackstone posted economic net income per share of 65 cents in the first quarter, down from 81 cents a year earlier.

  • Blackstone (BX) Beats on Q1 Earnings & Revenue Estimates
    Zacks7 days ago

    Blackstone (BX) Beats on Q1 Earnings & Revenue Estimates

    Improvement in assets under management supports Blackstone's (BX) Q1 earnings.

  • CNBC7 days ago

    Stocks making the biggest moves premarket: PG, BX, BBT, BK, FOXA, LUV, QCOM & more

    Procter & Gamble PG – Procter & Gamble earned an adjusted $1 per share for its third quarter , 2 cents a share above estimates. BB&T BBT – The regional bank reported adjusted quarterly profit of 97 cents per share, beating Street forecasts by 5 cents a share. Bank of New York Mellon BK – The bank came in well above forecasts, with quarterly profit of $1.10 per share.

  • Associated Press7 days ago

    Blackstone Group: 1Q Earnings Snapshot

    On a per-share basis, the New York-based company said it had net income of 53 cents. Earnings, adjusted for non-recurring costs, came to 65 cents per share. The results topped Wall Street expectations. ...

  • Financial Times7 days ago

    [$$] Blackstone tops estimates, AUM hits record $450bn

    Blackstone posted first-quarter profits that surpassed Wall Street expectations on Thursday, as investors’ hunger for yield helped drive assets under management at the US private equity group to a new ...

  • Reuters7 days ago

    Blackstone earnings drop 20 pct due to equity market slump

    Blackstone Group LP, the largest manager of alternative assets such as private equity and real estate, said on Thursday first-quarter earnings per share fell 20 percent year-on-year, as a stock market slump weighed on the value of its holdings. New York-based Blackstone said it plans to pay a 30 cent special dividend in 2018, returning to shareholders a portion of the proceeds from the conclusion of its partnership with FS Investment Corp. The firm increased its share buy-back authorization to $1 billion from $335.8 million. In January, Blackstone agreed to buy a majority stake in the Financial and Risk business of Thomson Reuters Corp , the parent company of Reuters News, in a $20 billion deal.

  • Blackstone Group’s Assets Jump 22% to Record $450 Billion
    Bloomberg7 days ago

    Blackstone Group’s Assets Jump 22% to Record $450 Billion

    Total assets under management in the first quarter jumped 22 percent from a year earlier to a record $449.6 billion through a combination of fundraising and financial gains, Blackstone said in a statement Thursday. Private equity firms are coming off a record year for fundraising. “Amid declining global markets and a sharp increase in volatility, Blackstone continued to protect and grow our investors’ capital in the first quarter,” said Stephen Schwarzman, Blackstone’s chief executive officer.