BX - The Blackstone Group L.P.
| Previous Close | 31.45 |
| Open | 31.40 |
| Bid | 0.00 x 2200 |
| Ask | 0.00 x 4000 |
| Day's Range | 31.21 - 31.54 |
| 52 Week Range | 29.57 - 37.52 |
| Volume | 1,741,704 |
| Avg. Volume | 4,938,279 |
| Market Cap | 37.251B |
| Beta | 1.59 |
| PE Ratio (TTM) | 14.16 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 3.40 (11.07%) |
| Ex-Dividend Date | 2018-02-09 |
| 1y Target Est | N/A |
- Financial Times•2 hours ago
[$$] US states move to close carried interest loophole
has warned investors that it faces a growing risk of significantly higher tax bills because of efforts by US states to end a lucrative tax break that Washington lobbyists have fought hard to preserve. A California proposal to levy state tax on carried interest — the share of investment profits that hedge fund and private equity managers are paid as an incentive to hit higher returns — faces its second key legislative hurdle this week. Under federal law, carried interest is taxed as a capital gain, rather than as personal income, enabling hedge fund and private equity executives to pay lower tax rates on some of their earnings than salaried workers.
- The Wall Street Journal•2 days ago
[$$] Blackstone to Check Out of Hilton Investment
Blackstone Group LP is shedding its investment in hotel group Hilton Worldwide Holdings Inc., closing out the most profitable private-equity investment in real estate ever. The hotel chain said Friday that Blackstone would sell 15.8 million of its shares in privately negotiated transactions. Hilton also said it agreed to buy back another 1.25 million shares from Blackstone.
- Investor's Business Daily•2 days ago
Not Staying In The Hilton: Blackstone Checks Out, Sells $1.3 Billion Stake
Private equity giant Blackstone, which took Hilton private in 2007 and took it public again in 2013, has sold its last shares in the hotel giant.
Reuters•3 days agoBlackstone to end its stay at Hilton after 11 years
The sale of 15.8 million shares would generate about $1.32 billion, based on Hilton's Thursday close at $83.30. Hilton said on Friday it will not receive any proceeds from the sale and would repurchase about 1.3 million shares from the shareholders affiliated to Blackstone. Blackstone, which took the Virginia-based company public in 2013, started shedding its stake a year later.
- Reuters•3 days ago
Blackstone to end its stay at Hilton after 11 years
The sale of 15.8 million shares would generate about $1.32 billion (980 million pounds), based on Hilton's Thursday close at $83.30. Hilton said on Friday it will not receive any proceeds from the sale and would repurchase about 1.3 million shares from the shareholders affiliated to Blackstone. Blackstone, which took the Virginia-based company public in 2013, started shedding its stake a year later.
- Financial Times•3 days ago
[$$] Blackstone exits Hilton after 11 years
The hotel chain’s largest shareholder will sell 15.8m shares, Hilton said in a statement on Friday. The total value of the stake is estimated at roughly $1.3bn based on Hilton’s closing price of $83.30 on Thursday. The hotel group also said it was buying back 1.25m shares owned by the private equity group.
- The Wall Street Journal•3 days ago
[$$] Blackstone Checks Out of Hilton Worldwide
The private-equity giant led the hotelier’s leveraged buyout a decade ago.
- Bloomberg•3 days ago
Blackstone Exits Hilton, Earning $14 Billion After 11 Years
Blackstone Group LP is finally checking out of Hilton. The hotel company’s largest investor agreed to sell 15.8 million shares, valued at about $1.3 billion, the last of its Hilton Worldwide Holdings Inc. holdings. With the exit, Blackstone will realize some $14 billion of profit, meaning the firm has more than tripled its initial investment.
- American City Business Journals•3 days ago
Why Portman decided to part with AmericasMart
Initial discussions with International Market Centers began while John Portman was still alive.
- Financial Times•3 days ago
[$$] Blackstone sells out of Hilton Worldwide
, bringing to an end 11 years of ownership that proved one of the most profitable private equity transactions. The hotel chain’s largest shareholder will sell 15.8m shares, according to a statement by Hilton on Friday. The total value of the shares is estimated at roughly $1.3bn, based on Hilton’s closing price of $83.30 on Thursday.
- Reuters•3 days ago
NZ's Goodman Property Trust sells VXV portfolio to Blackstone funds
New Zealand's Goodman Property Trust (GMT) will sell its majority-held VXV office portfolio to a number of Blackstone funds for NZ$635 million ($436.44 million), in the U.S. private equity giant's latest move further into Oceania. The deal was announced by the property trust's manager, Goodman (NZ) Ltd, on Friday and represents a move away from commercial property for GMT in the country as it reorients itself closer to Auckland's industrial market.
- CNBC•3 days ago
How a Russian oligarch linked to Michael Cohen turned a California state park into a mini Moscow
Viktor Vekselberg, the Russian oligarch at the center of a widening scandal over influence peddling by President Donald Trump 's lawyer Michael Cohen , has been banned from doing business in America under U.S. sanctions. Named for Renova Group, Vekselberg's sanctioned Russian holding company, the Renova Fort Ross Foundation was established in 2010 to preserve an unlikely historic landmark: a California state park situated along the state's wild northern coastline two hours north of San Francisco.
- American City Business Journals•4 days ago
Blackstone sells big business park in Redmond for $52 million
Blackstone, the world's largest private equity firm, is on a selling spree in Redmond, where it's also unloading a big office campus next to Microsoft's headquarters.
- Bloomberg•4 days ago
Goldman Slashes Its Position in a Controversial CDS Trade
Goldman Sachs Group Inc. has dumped a big chunk of credit-default swaps linked to Hovnanian Enterprises Inc., according to people with knowledge of the matter. The firm cut loose months after finding itself entangled in a battle featuring Blackstone Group LP that has also invited the wrath of regulators. Goldman had written about $100 million in credit swaps protection tied to the homebuilder toward the end of last year, people with knowledge of the trades said at the time.
- American City Business Journals•5 days ago
Portman's AmericasMart being sold, creating national showroom giant (Video)
AmericasMart, a massive downtown Atlanta complex on John Portman Boulevard built in stages from 1961 to 2009, helped create the city’s convention business.
- Bloomberg•7 days ago
Blackstone-Backed GEMS Chooses London IPO Over Stake Sale
GEMS Education is set to move ahead with an initial public offering, rebuffing interest from a private equity firm for a stake in the school operator backed by Blackstone Group LP, according to people with knowledge of the matter. The Dubai-based education provider may announce plans as early as this week to list in London, the people said, asking not to be identified because the matter is private. GEMS owners -- founder Sunny Varkey, Blackstone, Fajr Capital Ltd. and Bahrain’s Mumtalakat Holding Co. -- had been approached by a private equity company to buy a stake, they said.
- Market Realist•9 days ago
How Prudential’s Investment Management Division Performed in 1Q18
Prudential Financial’s (PRU) Investment Management division generated adjusted operating income of $232 million in 1Q18, while in 1Q17 it was $196 million. The performance of this segment depends primarily on the average assets under management (or AUM), which are primarily affected by fluctuations in the markets.
Reuters•9 days agoThomson Reuters expects higher 2018 costs, shares drop
The prediction sent shares of the news and information company down 4 percent as investors fretted about earnings growth after it completes a plan to sell a majority stake in its largest unit. The company expects $500 million (369.14 million pounds) to $600 million in corporate costs this year for tech investments and "right-sizing some areas of the organisation," Chief Financial Officer Stephane Bello told analysts on a conference call after reporting first-quarter earnings. Thomson Reuters agreed to sell a majority stake in that unit in January to private equity firm Blackstone Group LP (BX.N).
Market Realist•10 days agoWhy Berkshire’s Liquidity Is Expected to Stay High
As of March 31, Berkshire Hathaway’s (BRK.B) liquidity of $118 billion formed a staggering 24% of the company’s market capitalization. CEO Warren Buffett has hinted at a big-ticket acquisition in future months, which is inevitable given the company’s lack of shareholder payouts due to higher valuation levels. Higher liquidity could be a new normal for Berkshire unless the company engages in major buybacks or dividends.
- Financial Times•10 days ago
[$$] Blackstone under fire over push into UK social housing
Lawyers acting for the National Housing Federation have raised objections prompted by Blackstone’s acquisition of a 90 per cent stake in Sage Housing, which describes itself as a “for profit” social housing provider. The move late last year has given Blackstone a way to bid for, and then rent out, the large blocks of apartments that property developers are obliged to classify as “affordable” homes, in competition with traditional housing associations.
- The Wall Street Journal•11 days ago
Blackstone Promotes New Energy Fund as Oil Prices Rise
The world’s biggest listed private-equity firm is marketing its latest energy fund to capitalize on rebounding oil prices and tighter financial discipline among public oil producers. Blackstone Group LP is planning a first close this quarter on more than half of the roughly $4.5 billion it seeks for its third energy fund, according to a person familiar with the matter. The New York firm is raising the pool three years after it sealed $4.5 billion for its previous energy fund, people said.
Market Realist•11 days agoWhat’s Helping Berkshire’s Manufacturing Segment
In 1Q18, Berkshire Hathaway’s (BRK.B) manufacturing revenue rose YoY (year-over-year) to $12.9 billion from $12.1 billion due to growth across industrial, consumer, and building products, reflecting favorable domestic manufacturing policies.
- Market Realist•11 days ago
How 1Q18 Turned Out for Berkshire’s Utilities
Berkshire Hathaway (BRK.B) operates in the energy sector through its 90.4% ownership of BHE (Berkshire Hathaway Energy). BHE has stakes in utilities, transmission, and marketing companies. In 1Q18, BHE’s revenue rose YoY (year-over-year) to $4.5 billion from $4.2 billion, boosted by real estate brokerage, natural gas pipelines, MidAmerican, Nothern Powergrid, and NV Energy, and partially offset by a weaker performance by PacifiCorp.
- Reuters•11 days ago
Spain's Azora suspends IPO citing Blackstone's Hispania deal
Property manager Azora Altus is dropping its planned market debut and postponing a listing on the Spanish stock exchange amid uncertainty arising from Blackstone's bid for its Hispania real-estate business. Last month Blackstone agreed to buy 16.65 percent of Hispania and said it would make a full takeover bid for the company through its vehicle Alzette Investment. Azora planned to raise 500 million euros in an initial public offering set for May 11.
Bloomberg Video•3 days agoHilton's Largest Investor Checks Out After 11 Year Relationship
May.18 -- Bloomberg’s Jason Kelly discusses Blackstone selling its remaining stake in Hilton. He speaks with Alix Steel and David Westin on "Bloomberg Daybreak: Americas."
