BX - The Blackstone Group L.P.
| Previous Close | 34.9900 |
| Open | 35.1500 |
| Bid | 35.3100 x 800 |
| Ask | 35.3900 x 1300 |
| Day's Range | 35.1772 - 35.5100 |
| 52 Week Range | 29.5700 - 37.5200 |
| Volume | 202,136 |
| Avg. Volume | 3,568,579 |
| Market Cap | 42.247B |
| Beta | 1.63 |
| PE Ratio (TTM) | 13.25 |
| EPS (TTM) | 2.6650 |
| Earnings Date | Oct 17, 2018 - Oct 22, 2018 |
| Forward Dividend & Yield | 2.32 (6.45%) |
| Ex-Dividend Date | 2018-07-27 |
| 1y Target Est | 41.09 |
- Bloomberg Video•11 days ago
Blackstone's Studzinski to Depart for 'New Challenges'
Aug.03 -- John Studzinski, vice chairman of investor relations and business development at Blackstone Group LP, will leave at the end of the month after 12 years at the firm. Bloomberg Opinion's Brooke Sutherland reports on "Bloomberg Daybreak: Americas." Her opinions are her own.
- Zacks•3 hours ago
The Zacks Analyst Blog Highlights: Tesla and Blackstone
The Zacks Analyst Blog Highlights: Tesla and Blackstone
- American City Business Journals•yesterday
Sacramento fintech company adds Blackstone executive, UC Davis dean to board of directors
Magilla operates an online platform that matches borrowers to banks to secure loans without collecting users' personal information.
- Bloomberg•yesterday
Blackstone's Tony James Hires Real Estate Head for Family Office
Tony James is on the hunt for real estate. Jefferson River Capital, a family office that invests on behalf of the Blackstone Group LP vice chairman, recently hired Bill Helm for the newly created role of head of real estate investments. A representative for the New York-based firm confirmed the hire.
- Bloomberg•4 days ago
Owl Rock Is Finalizing Fund With $3 Billion for Loans
Owl Rock Capital Partners, the credit firm founded by former Blackstone Group LP and KKR & Co. dealmakers, is close to finalizing raising money for a $3 billion loan fund, an area that has turned red hot. The asset manager also registered a new business development company with the U.S. Securities and Exchange Commission that will focus on lending to technology firms, according to a filing on Friday.
- Reuters•4 days ago
EU mergers and takeovers (Aug 10)
BRUSSELS, Aug 10 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- French insurer Axa to acquire XL ...
- Reuters•5 days ago
US middle market direct lending strategies still raking in capital
Investors continue to inject capital into US middle market direct lending strategies at a pace that could result in 2018 fundraising surpassing the record tallies seen in 2016 and 2017. Top tier asset managers and veteran middle market lenders continue to amass significant amounts of capital in response to unprecedented investor demand for the asset class for the third year in a row. Global alternative asset manager Ares Management said on the firm’s August 2 second quarter earnings call that it raised US$1.4bn in a first close of a new US senior direct lending fund and that it anticipates a final close in excess of US$3.5bn by year-end, including additional equity commitments and expected leverage.
- American City Business Journals•5 days ago
L.A.'s TaskUs gets big investment from Blackstone
Blackstone invests a reported $250 million in TaskUs, a business outsourcing services provider based at the Santa Monica Airport.
- The Wall Street Journal•5 days ago
[$$] LaSalle Hotel's Profit Falls Ahead of Vote on Blackstone Takeover
reported its second-quarter profit and revenue fell despite the real-estate investment trust benefiting from strong lodging demand as it awaits a shareholder vote on selling itself to private-equity firm Blackstone Group LP. Adjusted funds from operations was $88.3 million, or 80 cents a share, compared with $91.5 million, or 81 cents a share, in the prior year’s quarter. didn’t constitute a “superior proposal” to LaSalle’s agreement with affiliates of Blackstone.
- Business Wire•5 days ago
Blackstone Signs Agreement to Invest in TaskUs
Private Equity funds managed by Blackstone (BX) have entered into a definitive agreement to invest in TaskUs, a leading customer service and business process outsourcing services provider for high-growth technology companies. Founded in 2008 by Bryce Maddock and Jaspar Weir, TaskUs is one of the fastest-growing companies in its industry globally. Their business process solutions, which leverage the latest technology, including AI, advanced Learning Management Systems and big data, help companies quickly scale. TaskUs will continue to be led by Mr. Maddock, Mr. Weir, and the existing management team, who have been instrumental in driving the company’s growth.
- Bloomberg•5 days ago
Blackstone Buys $250 Million Stake in Outsourcing Startup TaskUs
Blackstone is investing $250 million, according to a person familiar with the deal who asked not to be identified because some details remain private. The funding is a significant move for TaskUs, which had previously raised only $15 million from Navegar, a private equity firm based in the Philippines. Most of TaskUs’s employees work in the Philippines though its headquarters is near Los Angeles.
- Business Wire•6 days ago
Blackstone Completes Previously Announced Acquisition of PSAV
Blackstone (BX) today announced that private equity and real estate funds managed by the firm have completed the previously announced acquisition of PSAV, a global leader in event experiences. As part of the completed transaction, affiliates of Goldman Sachs (GS) will be reinvesting alongside Blackstone in the transaction to continue to participate in the ongoing growth of PSAV. PSAV delivers on its purpose of connecting and inspiring people by creating impactful event experiences.
American City Business Journals•6 days agoNew York investor pays $311M for apartments in metro Phoenix
The Blackstone Group LP (NYSE: BX) paid $311 million for six apartment properties across metro Phoenix, sending a signal the Valley is ripe for institutional investors. The New York-based private equity and asset management firm has invested nearly $1 billion in the Phoenix market so far this year, said Thomas Brophy, director of research for ABI Multifamily.
Reuters•6 days agoThomson Reuters on offense as Blackstone deal nears
Thomson Reuters Corp said it was thinking about acquisition opportunities after reporting quarterly earnings that were ahead of expectations on Wednesday and reaffirming its 2018 forecast. The news and information provider agreed in January to sell a 55-percent stake in the Financial & Risk unit, which provides data and news primarily to financial customers, to private equity firm Blackstone Group LP. Thomson Reuters said it expects to complete the $20 billion Blackstone deal in the fourth quarter and Smith told analysts on a conference call that will clear the path for expansion.
Motley Fool•6 days agoThomson Reuters Corp (TRI) Q2 2018 Earnings Conference Call Transcript
TRI earnings call for the period ending June 30, 2018.
- Reuters•6 days ago
Thomson Reuters on offense as Blackstone deal nears
Thomson Reuters Corp said it was thinking about acquisition opportunities after reporting quarterly earnings that were ahead of expectations on Wednesday and reaffirming its 2018 forecast. The news and information provider agreed in January to sell a 55-percent stake in the Financial & Risk unit, which provides data and news primarily to financial customers, to private equity firm Blackstone Group LP. Thomson Reuters said it expects to complete the $20 billion Blackstone deal in the fourth quarter and Smith told analysts on a conference call that will clear the path for expansion.
- American City Business Journals•7 days ago
Rising Valley home prices drive apartment rentals through the roof
Rising home prices in the Phoenix area are driving more would-be homeowners to apartment rentals — a trend that could lead to a shortage of apartment units even though there are nearly 17,000 units under construction. Year-over-year home prices in the Phoenix metro area were up 7.7 percent in June, according to a new report released today by CoreLogic.
- Financial Times•8 days ago
[$$] Merrill Lynch wealth managers ditch Thomson Reuters for Factset
Wealth managers at Merrill Lynch are switching to Factset and ditching rival financial information provider Thomson Reuters , an early blow to the business after it was acquired by Blackstone in a $17.3bn ...
- GlobeNewswire•11 days ago
Osprey Energy Acquisition Corp. Announces August 20, 2018 as Date for Special Meeting of Stockholders to Approve Initial Business Combination
Osprey Energy Acquisition Corp. (“Osprey”) (NASDAQ: OSPR, OSPRU, OSPRW), an energy-focused special purpose acquisition entity, today announced that it will hold a special meeting of stockholders on August 20, 2018 to approve Osprey’s initial business combination. The special meeting will take place at 3:00 p.m. eastern time. Osprey has set August 1, 2018 as the record date for the special meeting. The special meeting will be held at the Sofitel Hotel at 120 South 17th Street, Philadelphia, Pennsylvania 19103. Osprey stockholders will vote to approve the proposed acquisition of specific assets of Royal Resources L.P. (“Royal”), an entity owned by funds managed by Blackstone Energy Partners and Blackstone Capital Partners and certain related matters. Osprey stockholders as of the record date of the special meeting will be entitled to vote at the special meeting and will receive a definitive proxy statement regarding the proposed business combination.
- PR Newswire•11 days ago
Blackstone Mortgage Trust Announces Closing Of Public Offering Of Class A Common Stock And Full Exercise Of Option By Underwriters
NEW YORK, Aug. 3, 2018 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) (the "Company") today announced the closing of its underwritten public offering of its class A common stock. A total of 6,900,000 shares of class A common stock was sold, including 6,000,000 shares initially offered and an additional 900,000 shares sold pursuant to the underwriters' full exercise of their option to purchase additional shares. Aggregate net proceeds to the Company from the offering, after deducting estimated offering expenses, were approximately $222.2 million. The Company intends to use the net proceeds from the offering to originate additional commercial mortgage loans and other target assets and investments consistent with its investment strategies and investment guidelines, and for working capital and other general corporate purposes.
- Bloomberg•11 days ago
Hilton's New Luxury-Hotel Brand Is a Ghost of Blackstone's Past
Hilton Worldwide Holdings Inc. is getting ready to start a new luxury brand, and it appears to be recycling a name from the past. Hilton hasn’t formally announced the new brand yet, but provided a hint in a July 31 press release heralding the addition of three new high-end hotels in Dubai. One of the properties is a former St. Regis now known as the Habtoor Palace Hotel.
- Bloomberg•11 days ago
Blackstone's Studzinski to Depart for 'New Challenges'
John Studzinski, vice chairman of investor relations and business development at Blackstone Group LP, will leave at the end of the month after 12 years at the firm. Bloomberg Opinion's Brooke Sutherland ...
- Bloomberg•11 days ago
Studzinski's Exit Says Something About Blackstone
John Studzinski’s departure from Blackstone Group LP says something about the buyout firm and the value of rainmakers in the second half of their career. Studzinski made his name as an M&A banker at Morgan Stanley in the 1980s and 1990s. Three years later he joined Blackstone to establish an advisory pratice.
- Bloomberg•12 days ago
Blackstone's Studzinski to Depart as Gray Era Ushers in Change
John Studzinski, an international dealmaker who became a fixture at Davos, a human-rights advocate and an adviser to the Vatican, is leaving Blackstone Group LP. In an interview, Studzinski, 62, said he’s ready for “some new challenges” after 12 years at the New York-based firm, including the past three as vice chairman of investor relations and business development. Studzinski made his reputation in London and on Wall Street -- earning the nickname “Studs” -- as an investment banker, initially with Morgan Stanley and later at HSBC Holdings Plc. But Blackstone is not the same partner-owned firm that Studzinski joined in 2006 as head of its restructuring and merger-advisory unit.
- Reuters•12 days ago
EU mergers and takeovers (Aug 2)
BRUSSELS, Aug 2 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Italian car rental company Eurocar, ...
