BX - The Blackstone Group L.P.
| Previous Close | 30.50 |
| Open | 30.50 |
| Bid | 30.03 x 800 |
| Ask | 30.71 x 1400 |
| Day's Range | 30.11 - 30.71 |
| 52 Week Range | 29.29 - 40.60 |
| Volume | 11,948,138 |
| Avg. Volume | 5,668,309 |
| Market Cap | 36.215B |
| Beta (3Y Monthly) | 1.76 |
| PE Ratio (TTM) | 11.09 |
| EPS (TTM) | 2.74 |
| Earnings Date | Jan 30, 2019 - Feb 4, 2019 |
| Forward Dividend & Yield | 2.56 (8.42%) |
| Ex-Dividend Date | 2018-10-26 |
| 1y Target Est | 43.50 |
- Reuters•7 hours ago
Time is right to bet big on India, says Blackstone's Schwarzman - ET
The chairman of the world's largest private equity firm told the Indian daily that Blackstone could create more revenue for local companies by introducing clients. A debt crisis at a major infrastructure lender in September added to an already slowing economy, prompting the government to step up pressure on the Reserve Bank of India for boosting lending growth. Beyond technology or other export-oriented sectors which earn in foreign currencies, Blackstone's focus is on domestic consumption – financial services and consumer companies.
Bloomberg•13 hours agoU.S. Leveraged Loan Funds Lose Cash at Fastest Pace Ever
(Bloomberg) -- U.S. leveraged loan funds saw $2.53 billion of net outflows in the week ended Dec. 12, the biggest decline on record, as jittery markets rattle demand for riskier assets.
Zacks•14 hours agoBlackstone Group (BX) Dips More Than Broader Markets: What You Should Know
Blackstone Group (BX) closed the most recent trading day at $30.39, moving -0.36% from the previous trading session.
- PR Newswire•16 hours ago
Blackstone Mortgage Trust Declares $0.62 Per Share Dividend
NEW YORK, Dec. 13, 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 fourth 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, Europe, and Australia. Blackstone (BX) is one of the world's leading investment firms.
- Bloomberg•17 hours ago
Blackstone's Jon Gray Mocks His Nice-Guy Image in Holiday Party Video
The premise is real: Blackstone did cancel its holiday party this year. Christine Anderson, a spokeswoman, said the firm has grown too big to find a venue that can reasonably accommodate its New York employees, who number about 1,000. Gray going ballistic on camera though is fake news.
- CNBC•19 hours ago
CNBC'S ALEX SHERMAN: NIELSEN IS GETTING SERIOUS ABOUT GOING PRIVATE AND WILL TALK TO POTENTIAL BUYERS IN JANUARY
CNBC'S ALEX SHERMAN: NIELSEN IS GETTING SERIOUS ABOUT GOING PRIVATE AND WILL TALK TO POTENTIAL BUYERS IN JANUARY|| 105626099
- Bloomberg•23 hours ago
Blackstone, KKR Pursue $1 Billion Long Beach Terminal
EQT Partners and an arm of Macquarie Group Ltd. have also been studying a deal for the asset, the people said, asking not to be identified because the information is private. Cosco, the Chinese state-owned shipping giant, agreed to sell it to obtain U.S. regulators’ approval for its acquisition of rival container-shipping line Orient Overseas International Ltd. The Port of Long Beach describes itself as a U.S. gateway for trans-Pacific trade and the second-busiest container seaport in the U.S., according to its website.
Bloomberg•yesterdayBlackstone Scores Biggest Buyout as Firms Spend Most Since 2007
Stephen Schwarzman’s Blackstone Group LP led the way with the $17 billion purchase of a unit of Thomson Reuters Corp. “These deals have come in spite of what was until recently fully priced equity markets, which we feel have been dampening overall public-to-private deal activity,” said Max Justicz, head of financial sponsors in the Americas at UBS Group AG. “As many private equity funds have raised large amounts of money, they have migrated to evaluating larger deals and thus far, the financing markets have generally been there to support the resulting capital raises,” said Avery Whidden, head of financial sponsors for North America at JPMorgan Chase & Co.
- Bloomberg•2 days ago
Blackstone Taking Deutsche Bank NYC Space Is Sign of Times
Blackstone Group LP is expanding in its New York City headquarters, taking four additional floors at a Park Avenue tower as Deutsche Bank AG prepares to move out. The private equity firm signed a seven-year deal at 345 Park Ave. that will bring its occupancy there to about 575,000 square feet (53,000 square meters) across 16 floors, according to a statement Wednesday. Blackstone will take over space from Deutsche Bank after the German company leaves at the end of 2019, said Jackie Hlavenka, a spokeswoman for Rudin Management Co., the building’s owner.
- Bloomberg•2 days ago
Co-Founder of Blackstone’s GSO Making Plans to Launch a Competing Credit Firm
Smith, a co-founder of Blackstone’s GSO Capital, has begun reaching out to investors about starting a firm that would invest in corporate debt in the U.S. and Europe, according to people with knowledge of the situation. The 53-year-old is looking to raise a few billion dollars with a pitch that describes a maturing credit bubble and opportunities to profit through a market correction, the people said, asking not to be identified because the information is confidential. Reached by Bloomberg, he declined to comment on his plans.
Zacks•2 days agoAre Options Traders Betting on a Big Move in Blackstone (BX) Stock?
Investors need to pay close attention to Blackstone (BX) stock based on the movements in the options market lately.
- American City Business Journals•2 days ago
Startup out of University of Texas joins accelerator hosted by Techstars, Blackstone
They're making a showerhead that could help save the environment — now they're headed to New York alongside some other promising, young entrepreneurs.
- IPO Edge•2 months ago
IPO Companies Rush to Secondary Offerings at Fastest Pace on Record
Days between IPO and First Secondary Offering - Dealogic By John Jannarone Newly-listed companies are sprinting back to the market. IPO companies have waited an average of just 598 days before coming to market with a secondary share offering so far in 2018, according to Dealogic. That’s the lowest figure on record and well below […]
- IPO-Edge.com•2 months ago
IPO Companies Rush to Secondary Offerings at Fastest Pace on Record
Days between IPO and First Secondary Offering - Dealogic By John Jannarone Newly-listed companies are sprinting back to the market. IPO companies have waited an average of just 598 days before coming to market with a secondary share offering so far in 2018, according to Dealogic. That’s the lowest figure on record and well below […]
- American City Business Journals•4 days ago
Confirmed: $900M Orlando resort deal closes, renovations planned
A joint venture between two investment firms has closed on its purchase of two Orlando luxury resorts — the JW Marriott Orlando Grande Lakes and Ritz-Carlton Orlando Grande Lakes. New York-based Elliott Management Corp. and Hawaii-based Trinity Real Estate Investments LLC bought the 409-acre Grande Lakes Orlando Resort, the company announced Dec. 6. Terms of the deal were not disclosed, but the price was reportedly $880 million, or $557,000 per guest room, according to a Nov. 14 report by trade publication Real Estate alert.
- Bloomberg•7 days ago
Blackstone Nears Deal for GI Partners Minority Stake, Sources Say
The size of the stake that Blackstone Strategic Capital Holdings is in talks to acquire couldn’t immediately be learned. A Blackstone representative declined to comment, while a representative for GI, a San Francisco-based private equity and real estate firm, didn’t respond to requests for comment. Blackstone, Neuberger Berman Group-backed Dyal Capital Partners and Goldman Sachs Group Inc.’s Petershill unit have raised multibillion-dollar funds to acquire minority stakes in alternative-asset managers.
- Moody's•8 days ago
RGIS Services, LLC -- Moody's downgrades RGIS to Caa1 from B3; outlook stable
Moody's Investors Service ("Moody's") downgraded RGIS Services, LLC's ("RGIS") Corporate Family Rating (CFR) and senior secured credit facilities ratings to Caa1 from B3. The PDR affirmation reflects the view that RGIS should be able to negotiate an amendment to its covenants, if needed, as Moody's projects that RGIS will be unable to meet its net leverage maintenance covenant test in 2019.
Reuters•9 days agoExclusive: Blackstone plans IPO of U.S. benefits manager Alight - sources
The IPO could come in the first half of 2019, the four sources said, almost two years after Blackstone acquired Alight from insurance broker Aon Plc (AON.N), in a deal that valued it up to $4.8 billion. It would allow Blackstone to turn a profit by gradually selling its Alight stake in the stock market.
Reuters•9 days agoExclusive: Blackstone plans IPO of U.S. benefits manager Alight - sources
The IPO could come in the first half of 2019, the four sources said, almost two years after Blackstone acquired Alight from insurance broker Aon Plc (AON.N), in a deal that valued it up to $4.8 billion. It would allow Blackstone to turn a profit by gradually selling its Alight stake in the stock market.
- Bloomberg•10 days ago
Blackstone’s Schwarzman Expects a ‘Reasonably Good’ 2019 Despite Trade Wars
"Nobody ever knows what next year will be, but consumer confidence is really high and business confidence is high,” the firm’s chief executive said at a Goldman Sachs Group Inc.’s conference Tuesday. Schwarzman said at the bank’s U.S. Financial Services Conference that he doesn’t see rising interest rates as a big risk to the economy. The Blackstone CEO also dismissed concerns over the boom in private credit, saying his firm is currently just as conservative with loan covenants as it has been in the past few years.
- Reuters•10 days ago
Thomson Reuters to cut 3,200 jobs in next two years
Thomson Reuters Corp said on Tuesday that it will cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs. The news and information provider, which completed the sale of a 55-percent stake in its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP, announced the cuts during an investor day in Toronto, in which it outlined its future strategy and growth plans. Shares in Thomson Reuters rose as much as 3.7 percent on Tuesday, hitting an all-time high.
- American City Business Journals•11 days ago
Pebblebrook closes acquisition of LaSalle
Pebblebrook Hotel Trust officially closed its $5.2 billion acquisition of fellow Bethesda hospitality REIT LaSalle Hotel Properties on Friday, ending a long pursuit that was months in the making. LaSalle (NYSE: LHO) shareholders were given 0.92 shares of Pebblebrook (NYSE: PEB) stock per share of LaSalle stock or the cash equivalent of $37.80 per share — which LaSalle claims is a 48 percent premium over its stock price before merger rumors first caused it to sway. The cash component of the deal is fixed at approximately $1.3 billion, according to Securities and Exchange Commission filings.
- Zacks•11 days ago
Blackstone (BX) Closes Clarus Buyout, Expands in Healthcare
The Blackstone Group L.P. (BX) closes acquisition of Clarus, a global life sciences investment firm, announced in October 2018.
Bloomberg•11 days agoCrocs to Buy Back 50% of Blackstone Preferred Stake as Rebound Builds
The footwear maker will pay $183.7 million for half the preferred stock Blackstone acquired as part of a $200 million investment in early 2014, Niwot, Colorado-based Crocs said in a statement Monday. Crocs’s shares were trading at about $15 at the time of the initial deal and have since risen to $27.80. “Blackstone’s influence and impact on the company has been extremely positive in terms of bringing in new executives and guiding strategy,” Chief Executive Officer Andrew Rees said in an interview.
