|Bid||31.19 x 100|
|Ask||31.20 x 200|
|Day's Range||30.92 - 31.45|
|52 Week Range||29.03 - 37.52|
|PE Ratio (TTM)||14.13|
|Earnings Date||Jul 18, 2018 - Jul 23, 2018|
|Forward Dividend & Yield||3.40 (11.07%)|
|1y Target Est||39.92|
Of the 14 analysts covering The Blackstone Group (BX) in April 2018, seven have recommended “strong buy,” six have recommended “buy,” and one has recommended “hold.” There were no “sell” or “strong sell” recommendations.
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.
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.
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 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%.
NEW YORK , April 24, 2018 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its first quarter 2018 results. GAAP net income for the first quarter was $61 million , or $0.56 per ...
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.
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 Group LP, the private-equity behemoth that’s traditionally raised money from institutions, is making a bigger bet on individual investors.
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.
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.
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.
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.
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.
NEW YORK, NY / ACCESSWIRE / April 19, 2018 / Blackstone Group L.P. (NYSE: BX ) will be discussing their earnings results in their Q1 Earnings Call to be held on April 19, 2018 at 11:00:00 AM Eastern Time. ...
NEW YORK, April 19, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
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.
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."
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.
Apr.19 -- Bloomberg’s Ed Hammond discusses earnings from Blackstone. He speaks with Alix Steel and David Westin on "Bloomberg Daybreak: Americas."