BX - The Blackstone Group L.P.
| Previous Close | 32.64 |
| Open | 32.98 |
| Bid | 32.00 x 4000 |
| Ask | 33.69 x 1000 |
| Day's Range | 32.91 - 33.47 |
| 52 Week Range | 26.88 - 40.60 |
| Volume | 5,201,127 |
| Avg. Volume | 6,325,208 |
| Market Cap | 39.205B |
| Beta (3Y Monthly) | 1.60 |
| PE Ratio (TTM) | 12.00 |
| EPS (TTM) | 2.74 |
| Earnings Date | Jan 31, 2019 |
| Forward Dividend & Yield | 2.56 (7.84%) |
| Ex-Dividend Date | 2018-12-28 |
| 1y Target Est | 39.41 |
- Yahoo Finance Video•6 days ago
Blackstone billionaire backs unique solution for student loans
Blackstone billionaire Tony James is taking on the student debt crisis by backing income share agreements, which allow you to get a college education in exchange for a certain percentage of your income for a set number of years. Yahoo Finance’s Julia La Roche speaks to James and Jim Runcie, the executive director of the Education Finance Institute.
- CNBC•2 hours ago
'Information is power': Blackstone gets better as its business gets bigger, CEO says
"Interestingly for us, we keep getting better as we get bigger because we know more," Blackstone CEO Steve Schwarzman told CNBC at the World Economic Forum in Davos on Tuesday. "When you deploy too much money into one strategy, you'll crush your performance because there aren't enough interesting opportunities (and) you don't have a differentiated model … That happens all the time," Schwarzman told CNBC's Andrew Ross Sorkin at the World Economic Forum ( WEF ) in Davos on Tuesday.
- Financial Times•2 days ago
[$$] IoD’s new chair seeks to revive troubled institute
“Honesty, transparency and trust are my key words,” said Charlotte Valeur. It is an interesting priority for the Institute of Directors’ new chair to choose, given that it has been struggling with a governance crisis of its own. The turmoil, which included leaks to the Times newspaper of a conversation that was secretly taped by the IoD’s director-general, Stephen Martin, came against a backdrop of an institute trying to make sense of its purpose.
- Reuters•4 days ago
Scout24 rejects $5.3 bln takeover offer from private equity
German online classifieds company Scout24 AG has rejected a 4.7 billion euro ($5.34 billion) takeover offer from private equity firms Hellman & Friedman and Blackstone, potentially paving the way for a bidding war. The company said in a statement late on Friday that Hellman & Friedman and Blackstone had submitted a joint bid to Scout 24's shareholders of 43.50 euros per share - eight percent higher than Friday's closing share price of 40.14 euros. "The management board of Scout24 AG has rejected the proposed offer price as inadequate," the company said.
Bloomberg•4 days agoNew York’s Plan to Kill Coal Is Already Boosting Power Prices
The price of power in 2021 in New York City and other regions surged more than 30 percent beginning in May. The only major difference between then and now: a pending state rule to limit power-plant emissions that was designed to eliminate coal-burning power plants by the end of 2020. Governor Andrew Cuomo has set a target of getting half of New York’s electricity from renewable sources by 2030, and this is the first time a state has targeted coal by using its regulatory authority to limit carbon emissions.
- Bloomberg•5 days ago
‘Patron Saint’ of Investing Business: Remembering John Bogle
Bogle, who died Wednesday at age 89, also squeezed profit margins on Wall Street, which he loudly and persistently criticized for treating investors poorly. In the end, fund investors may save more than $1 trillion thanks to Bogle’s efforts, according to calculations by Bloomberg ETF analyst Eric Balchunas in 2016. Bogle was “a true believer in index funds,” Vanguard Chief Executive Officer Tim Buckley said Wednesday in an interview on Bloomberg TV.
- Zacks•5 days ago
Blackstone Group (BX) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Blackstone Group (BX) closed at $32.59, marking a +1.12% move from the previous day.
- Financial Times•6 days ago
[$$] Spain wrestles with a private equity boom
Like his father before him, Josep Bayod Cueto worked at one of Spain’s oldest companies for decades. It never occurred to the 59-year-old that he might lose his job at the sparkling winemaker Codorníu ...
- The Wall Street Journal•6 days ago
Blackstone Aims to Throw Weight Around With a Record Real Estate Fund
Blackstone Group LP is about to finish raising the largest-ever real-estate fund, which at $20 billion will amplify the investment firm’s influence over prices paid for major office towers, shopping centers and hotels around the world. The $20 billion that Blackstone has raised from U.S. and overseas pension funds, foreign governments and wealthy individuals is more than twice as large as any fund ever raised by a competitor, according to data firm Preqin. Blackstone’s actual buying power with the new fund is closer to $60 billion.
- Bloomberg•7 days ago
Blackstone Is Said to Near $20 Billion for Record Property Fund
Blackstone, already the private equity industry’s largest real estate investor, has quickly raised the money after it started officially marketing the fund toward the end of last year. The firm plans to close the fund in the first quarter of this year for institutional investors, according to a person familiar with the matter. Institutions such as public pension plans and insurance companies are making big bets on property assets to protect against inflation and expand their holdings beyond stocks and bonds.
- Business Wire•8 days ago
Blackstone Hires Jon Korngold to Lead New Growth Equity Investing Platform
Blackstone (BX) today announced that Jon Korngold, a former senior leader at General Atlantic, will join the firm as a Senior Managing Director and head of Blackstone’s Growth Equity investing platform. Jon will be responsible for building and running this new platform which will provide capital to companies during the critical phase between venture capital investments and traditional buyouts. Stephen A. Schwarzman, Blackstone Chairman, CEO and Co-Founder, said: “We are very pleased to welcome Jon Korngold to Blackstone and announce the launch of our growth equity platform.
- The Wall Street Journal•8 days ago
[$$] Blackstone to Start Growth-Investing Business
Blackstone Group LP hired away a General Atlantic executive to launch a business that will invest in fast-growing companies. Jon Korngold, an 18-year veteran of General Atlantic who served on the private-equity firm’s management committee and led its investments in financial services and health care, will lead Blackstone’s new platform. Blackstone is a relative latecomer to growth investing, as the category is known.
- Zacks•12 days ago
Blackstone Group (BX) Outpaces Stock Market Gains: What You Should Know
Blackstone Group (BX) closed at $31.75 in the latest trading session, marking a +1.11% move from the prior day.
- Bloomberg•13 days ago
Refinitiv's Tradeweb Is Said to File Confidentially for U.S. IPO
The bond-trading platform could be worth more than $4 billion in an IPO, said the people, who asked to not be identified because the matter isn’t public. Representatives for Refinitiv, Blackstone and Thomson Reuters declined to comment.
- The Wall Street Journal•13 days ago
[$$] Pantheon Opens Office in Dublin; Enhanced Healthcare Backs Eventus
Good day. As the deadline for the U.K.’s planned withdrawal from the European Union inches closer, private-equity firms are making sure they are prepared. Pantheon announced that it opened an office in Dublin to minimize disruption ahead of the March Brexit deadline.
- The Wall Street Journal•13 days ago
[$$] Blackstone-Backed Exeter Finance Files for IPO
LP-backed Exeter Finance Corp. has filed preliminary documents for an initial public offering. The subprime auto lender intends to trade on the New York Stock Exchange under the ticker XTF. Documents filed Tuesday with the Securities and Exchange Commission indicate that Blackstone would remain the controlling shareholder following the planned IPO with more than 50% of voting power.
- MarketWatch•13 days ago
Exeter Finance files IPO to transform into holding company
Exeter Finance LLC said it planned an initial public offering to reorganize itself as a public corporation, according to a Securities and Exchange Commission filing late Tuesday. Exeter said it planned to raise up to $100 million in the offering, although this figure is generally used as a placeholder and is subject to revision in later filings. The LLC said it planned to use proceeds to reorganize into a holding company and to "invest the balance of the proceeds primarily in short term, investment-grade interest-bearing securities such as money market accounts, certificates of deposit, commercial paper and guaranteed obligations of the United States government." Following the offering, Blackstone Group LP will continue to have majority voting power in the company, Exeter said. Citigroup and Wells Fargo were listed among the underwriters. Exeter plans to list on the New York Stock Exchange under the ticker XTF.
- The Wall Street Journal•17 days ago
Corrections & Amplifications
Enterprise value of selected U.S. oil companies in 2017 on average was 2.8 times the value of proven reserves, compared with 1.7 times in 2007. A graphic with a Page One article Thursday about shale-oil companies incorrectly said the values were 2.8 times larger than reserves and 1.7 times larger than reserves, respectively. A World Watch article Thursday about Somalia’s order for a United Nations envoy to leave the country didn’t explain that Ethiopian troops took part in the arrest.
- GlobeNewswire•18 days ago
New Research: Key Drivers of Growth for The Blackstone Group, Barnes & Noble, Verastem, Littelfuse, Essendant, and Anworth Mortgage Asset — Factors of Influence, Major Initiatives and Sustained Production
NEW YORK, Jan. 04, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
- Business Wire•19 days ago
Blackstone Announces Fourth Quarter and Full Year 2018 Investor Call
Blackstone (BX) announced today that it will host its fourth quarter and full year 2018 investor conference call on Thursday, January 31, 2019 at 9:00 a.m. ET. You can listen to the call by dialing +1 (877) 391-6747 (U.S. domestic) or +1 (617) 597-9291 (international) passcode number 149 943 55#. Additionally, the conference call will be broadcast live over the internet and you can listen to it through the Shareholders section of Blackstone’s website www.blackstone.com. Blackstone continues to distribute earnings releases via other existing channels, including its website, email lists and Twitter account.
- Business Wire•19 days ago
Byron Wien Announces Ten Surprises for 2019
Byron R. Wien, Vice Chairman in the Private Wealth Solutions group at Blackstone, today issued his list of Ten Surprises for 2019. This is the 34th year Byron has given his views on a number of economic, financial market and political surprises for the coming year. Byron defines a “surprise” as an event that the average investor would only assign a one out of three chance of taking place but which Byron believes is “probable,” having a better than 50% likelihood of happening.
- InvestorPlace•20 days ago
Why Crocs (CROX) Stock Is Surging Wednesday
- The Wall Street Journal•20 days ago
[$$] Private-Equity Firms Create Funds That Are Built to Last
Private-equity firms, known for buying and selling companies, would like to do more buying and holding. Blackstone Group LP, Carlyle Group LP, CVC Capital Partners and others over the past couple of years have launched funds that can own companies for 15 years or longer. Carlyle and CVC are back in the market raising new long-term buyout funds, and others are joining the fray.
- Barrons.com•25 days ago
‘We Can See Things Other People Can’t See.’ Stephen Schwarzman Talks Blackstone’s Edge, Succession Plans — but Not Trump
The firm’s CEO and co-founder discusses scale, succession planning, leveraged loans, and the Saudis—but won’t comment on Trump.
- Benzinga•last month
Jim Cramer Weighs In On Palo Alto, Blackstone And More
On CNBC's "Mad Money Lightning Round" , Jim Cramer said Owens Corning (NYSE: OC ) is related to housing and it has been wrecked by the Fed. Mortgages rates went up too fast, said Cramer. Hormel ...
