BX - The Blackstone Group L.P.

NYSE - Nasdaq Real Time Price. Currency in USD
39.52
+0.50 (+1.28%)
As of 10:02AM EDT. Market open.
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Previous Close39.02
Open39.87
Bid39.48 x 800
Ask39.50 x 800
Day's Range39.34 - 39.94
52 Week Range26.88 - 40.60
Volume944,531
Avg. Volume3,296,601
Market Cap45.322B
Beta (3Y Monthly)1.61
PE Ratio (TTM)16.21
EPS (TTM)2.44
Earnings DateJul 17, 2019 - Jul 22, 2019
Forward Dividend & Yield2.32 (6.63%)
Ex-Dividend Date2019-02-08
1y Target Est41.41
Trade prices are not sourced from all markets
  • Reuters11 hours ago

    Morning News Call - India, April 23

    To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_04232019.pdf If you would like to receive this newsletter via email, ...

  • Boca Raton Resort & Club sold to NY investment group
    American City Business Journals21 hours ago

    Boca Raton Resort & Club sold to NY investment group

    The historic Boca Raton Resort & Club has been sold to New York-based MSD Partners, according to a news release. An affiliate of Blackstone (NYSE: BX) has agreed to sell the 337-acre club at 501 E. Camino Real. The Boca Raton Resort & Club will continue to be managed by Hilton under the Waldorf Astoria Hotels & Resorts brand.

  • PR Newswire21 hours ago

    MSD Partners, L.P. to Acquire Boca Raton Resort & Club

    NEW YORK and BOCA RATON, Fla., April 22, 2019 /PRNewswire/ -- MSD Partners, L.P. today announced that it has entered into a definitive agreement to acquire the Boca Raton Resort & Club from an affiliate of Blackstone (BX). Boca Raton Resort & Club is one of the premier resort destinations and private club facilities in the United States.  The property, which was built in 1926, today comprises 1,047 hotel rooms across 337 acres.  Its amenities include two 18-hole golf courses, a 50,000 sq. ft. spa, seven swimming pools, 30 tennis courts, a full-service 32-slip marina, 13 restaurants and bars, and 200,000 sq. ft. of meeting space.  The property fronts both the Intracoastal Waterway and the Atlantic Ocean, where its beach extends a half mile.  A perennial award-winner, the property was the beneficiary of more than $300 million in investment under Blackstone's stewardship, both preserving and enhancing this iconic resort.

  • Reuters23 hours ago

    Blackstone buys majority stake in Indian packaging firm Essel Propack

    (Reuters) - U.S.-based Blackstone Group agreed to buy a 51 percent stake in Essel Propack Ltd, India's largest rigid plastic packaging provider said https://www.nseindia.com/corporate/SURJE_SINGH_22042019172429_SE_Letter_378.pdf ...

  • Blackstone buys majority stake in packaging firm Essel Propack
    Reuters23 hours ago

    Blackstone buys majority stake in packaging firm Essel Propack

    (Reuters) - U.S.-based Blackstone Group agreed to buy a 51 percent stake in Essel Propack Ltd, India's largest rigid plastic packaging provider said on Monday. Blackstone will buy the stake from the Ashok ...

  • Blackstone (BX) Surges: Stock Moves 7.5% Higher
    Zacksyesterday

    Blackstone (BX) Surges: Stock Moves 7.5% Higher

    Blackstone (BX) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.

  • Blackstone to Buy Control of Indian Supplier to Colgate, Olay
    Bloombergyesterday

    Blackstone to Buy Control of Indian Supplier to Colgate, Olay

    The world’s largest alternative asset manager will acquire 51 percent of Essel Propack for $310 million from one of the founders, Ashok Goel Trust, Essel Propack said in a statement on Monday. Blackstone will offer to buy an additional 26 percent of Essel Propack’s shares at 139.19 a piece, according to the statement.

  • Thomson Reuters StreetEventsyesterday

    Edited Transcript of BX earnings conference call or presentation 18-Apr-19 1:00pm GMT

    Q1 2019 Blackstone Group LP Earnings Call

  • Teachers shouldn’t be taxed, says private-equity billionaire Steve Schwarzman
    MarketWatch2 days ago

    Teachers shouldn’t be taxed, says private-equity billionaire Steve Schwarzman

    Blackstone CEO and Chairman Steve Schwarzman describes his “Marshall Plan” for the middle class to combat the widening gap between the rich and the poor in the United States.

  • Financial Times4 days ago

    Lure of ‘melt-up’ trade leaves holdouts in tough spot

    Investors will also welcome an opportunity for assessing equity and credit markets that have already notched impressive gains for the year. Around the world, many benchmarks enjoy double-digit gains, led by China’s CSI 300 index, having risen more than a third already during 2019.

  • Reuters5 days ago

    PRESS DIGEST- Financial Times - April 19

    The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Blackstone to shift to a corporation from partnership https://on.ft.com/2Pl6LvM ...

  • Barrons.com5 days ago

    Blackstone Stock Surged Because the Asset Manager Is Making a Big Change to Its Structure

    The leading alternative asset manager said it would convert to a corporation from a partnership, broadening the base of potential investors.

  • BlackStone Group LP (BX) Q1 2019 Earnings Call Transcript
    Motley Fool5 days ago

    BlackStone Group LP (BX) Q1 2019 Earnings Call Transcript

    BX earnings call for the period ending March 31, 2019.

  • 5 Must-See Stock Charts for Monday: CGC, PINS, NVTA, UNP, BX
    InvestorPlace5 days ago

    5 Must-See Stock Charts for Monday: CGC, PINS, NVTA, UNP, BX

    It's the same action that we've had for much of this week. Stocks press lower near the open only to recover by lunch and push higher in the afternoon. The gains aren't remarkable, but the bulls' resilience is something to take note of. The sector rotation underway also remains astounding. On that note, let's look at a few must-see stock charts for Monday.Remember, the U.S. markets are closed tomorrow for Good Friday. Must-See Stock Charts for Monday 1: InvitaeInvestorPlace - Stock Market News, Stock Advice & Trading TipsAbove is the daily chart for Invitae (NASDAQ:NVTA) and below is the weekly. This morning on Twitter, I pointed out that NVTA could post a sweet bounce, but I didn't think it would be this vicious.Shares ripped off of the 10-week and 50-day moving averages, gaining almost 8% from today's lows. This is definitely one to watch next week to see if the momentum can continue.I would have loved to buy NVTA at $21, but over $22 and NVTA could be primed for more upside. Must-See Stock Charts for Monday 2: BlackstoneBlackstone (NYSE:BX) delivered a strong earnings report and announced it will switch from a partnership to a corporation. Anyone ever own BX before? I have and waiting for a K-1 form that doesn't usually come until April is a pain the you-know-what. Switching to a corporation will make sense for the business and potentially make its stock more attractive to investors. Plus it has a monster yield.Could that cause a further breakout? Perhaps. Over $38 is encouraging for more upside, with long-term uptrend resistance not playing a role until the $40s. Below $38 and bulls may need to let BX reset. Above and it's okay. Must-See Stock Charts for Monday 3: Canopy GrowthAn explosive couple of days have put Canopy Growth (NYSE:CGC) back on the radar. But if the strong rally on Wednesday and Thursday proved anything to me, it's how tough of resistance $38 is.I'm watching CGC next week to see if the stock can pierce this level. If it can, it would be very bullish to see CGC find $38 as support. As long as it holds $44, CGC should be good on the long side. Must-See Stock Charts for Monday 4: Union PacificBetter than expected earnings propelled Union Pacific (NYSE:UNP) to new 52-weeks high on Thursday. There sure are a lot of bearish calls out there despite so many names hitting new annual highs.Anyway, as long as UNP stock holds $160 next week, the bull case still looks strong. A pullback to the 10-week moving average that holds as support can be bought, while a run to channel resistance is possible over the intermediate term. Must-See Stock Charts for Monday 5: PinterestThe Pinterest (NYSE:PINS) and Zoom (NASDAQ:ZM) IPOs got off to a much better start than Lyft (NASDAQ:LYFT) did, currently up 30% and 75% on the day, respectively.For investors, there a lot less volatile plays out there than these fresh IPOs. But if you have to play them, investors at least have the IPO day range to work with. A red-to-green open on Monday could draw in more buyers for PINS, while a push through the highs could ad even more momentum to the name. * The Jobs Report Isn't an Effective Metric for the U.S. Economy If it's too short term for you, don't have any regrets about giving it more time to base. (Here are 13 things to know about the Pinterest IPO).Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVTA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post 5 Must-See Stock Charts for Monday: CGC, PINS, NVTA, UNP, BX appeared first on InvestorPlace.

  • CNBC5 days ago

    Stocks making the biggest moves midday: Pinterest, Zoom, Blackstone & more

    Shares of the videoconferencing software company Zoom surged 72.2% on Thursday, its first day of trading. The bump gave Zoom a market cap of $16.7 billion. Pinterest PINS — Pinterest surged more than 28% in its first day of trading.

  • Blackstone is raising so much money its CEO can barely believe it
    Quartz5 days ago

    Blackstone is raising so much money its CEO can barely believe it

    CEO Stephen Schwarzman says it is "like an out-of-body experience."

  • Here's Why Blackstone Shares Jumped on Thursday
    Motley Fool5 days ago

    Here's Why Blackstone Shares Jumped on Thursday

    The asset management giant is taking a step to make its shares more attractive to a wider range of investors.

  • Blackstone's GSO Posts Distressed-Debt Gains Amid Slim Pickings
    Bloomberg5 days ago

    Blackstone's GSO Posts Distressed-Debt Gains Amid Slim Pickings

    The credit arm of Blackstone Group LP posted a 3.1 percent net composite return on distressed assets for the quarter. Investors in distressed debt struggled to post meaningful gains last year because low interest rates and frothy credit markets have helped troubled issuers find new backers to bail them out. An 11 percent rally in distressed-debt indexes this year hasn’t made the job any easier for the GSO unit.

  • Blackstone Plans to Convert to a Corporation as Assets Top $500 Billion
    Bloomberg5 days ago

    Blackstone Plans to Convert to a Corporation as Assets Top $500 Billion

    Changing the company’s structure opens up the stock for inclusion in indexes and will increase the firm’s “ability to reach a dramatically larger audience,” Schwarzman, the chief executive officer, said Thursday in a Bloomberg Television interview. Private equity firms including Blackstone, the world’s largest alternative asset manager, have seen their stock prices lag since going public even as investors have poured money into their buyout, credit, real estate and other funds. Blackstone has epitomized the industry’s fundraising muscle.

  • Steve Schwarzman Says Money Raised by Blackstone Was Like an 'Out-of-Body Experience'
    Bloomberg5 days ago

    Steve Schwarzman Says Money Raised by Blackstone Was Like an 'Out-of-Body Experience'

    The chief executive officer of the world’s largest alternative asset manager is confident the U.S. isn’t headed toward a recession any time soon and is certain the nation will strike a trade deal with China, Schwarzman said in a Bloomberg Television interview Thursday. At his firm, Blackstone Group LP, assets have soared and shares surged in pre-market trading after the company announced it would change its corporate structure. Blackstone raised $43 billion in the first three months of the year and has gathered $126 billion in the past 12 months.

  • Dow Jones Leads, Nasdaq Dips; Pinterest, Zoom Set To Launch
    Investor's Business Daily5 days ago

    Dow Jones Leads, Nasdaq Dips; Pinterest, Zoom Set To Launch

    Blackstone Group and United Rentals surged Thursday, as stocks opened higher, then quickly turned mixed ahad of the holiday weekend.

  • Blackstone (BX) Stock Gains 9% Despite Q1 Earnings Miss
    Zacks5 days ago

    Blackstone (BX) Stock Gains 9% Despite Q1 Earnings Miss

    Blackstone's (BX) first-quarter results reflect higher revenues and expenses as well as AUM growth.

  • Blackstone CEO Steve Schwarzman wants US to raise minimum wage, eliminate taxes for teachers
    CNBC5 days ago

    Blackstone CEO Steve Schwarzman wants US to raise minimum wage, eliminate taxes for teachers

    Billionaire Steve Schwarzman also advocates for more technical training for people who didn't go to college.

  • CNBC5 days ago

    Blackstone CEO Steve Schwarzman says markets 'had a good run' this year but 'rate of increase' may slow

    The market has had a "good run" but its rate of increase may slow down, Blackstone's Steve Schwarzman says. ... But the rate of increase I think has to slow down," he says. The stock market has had a "good run" this year, but its rate of increase may slow down, the billionaire co-founder of Blackstone Group BX told CNBC on Thursday.

  • Why Blackstone is moving to become a corporation
    Yahoo Finance Video5 days ago

    Why Blackstone is moving to become a corporation

    Blackstone's stock pops after the company announces it its converting from a partnership to a corporation. Yahoo Finance's Seana Smith and Brian Cheung discuss.