BX - The Blackstone Group L.P.

NYSE - NYSE Delayed Price. Currency in USD
36.20
+0.35 (+0.98%)
At close: 4:01PM EDT
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Previous Close35.85
Open35.82
Bid35.86 x 41800
Ask0.00 x 2200
Day's Range35.80 - 36.33
52 Week Range29.57 - 37.52
Volume4,551,620
Avg. Volume3,607,850
Market Cap43.3B
Beta1.63
PE Ratio (TTM)13.58
EPS (TTM)2.66
Earnings DateOct 17, 2018 - Oct 22, 2018
Forward Dividend & Yield2.32 (6.45%)
Ex-Dividend Date2018-07-27
1y Target Est41.27
Trade prices are not sourced from all markets
  • Barrons.com3 days ago

    Alternative Asset Managers Are Doing Just Fine Despite the Dry Powder, Fitch Says

    Fitch Ratings says fundamentals remain strong for alternative investment managers, even as the amount of uncalled investment capital, or dry powder, expands. Industry-wide dry powder reached $1.8 trillion in July 2018, according to Preqin, up 11.6% year to date, the ratings agency says. About 35 percent of capital was in private equity buyout funds.

  • Reuters5 days ago

    Blackstone invests $400 million in HEC Pharm via convertible bonds

    U.S. private equity firm Blackstone Group LP has signed a deal to invest $400 million in Hong Kong-listed YiChang HEC ChangJiang Pharmaceutical Co. via convertible bonds, HEC said Wednesday. The H share convertible bonds will bear an interest rate of 3 percent per annum if issued, at an initial conversion price of HK$38 per share, HEC Pharma said in a stock filing on Tuesday night. The drugmaker, based in Yichang in central China's Hubei province, is planning to use the funds to acquire drugs and other pharmaceutical products, it said.

  • Blackstone invests $400 million in HEC Pharm via convertible bonds
    Reuters5 days ago

    Blackstone invests $400 million in HEC Pharm via convertible bonds

    U.S. private equity firm Blackstone Group LP (BX.N) has signed a deal to invest $400 million in Hong Kong-listed YiChang HEC ChangJiang Pharmaceutical Co. (1558.HK) via convertible bonds, HEC said Wednesday. The H share convertible bonds will bear an interest rate of 3 percent per annum if issued, at an initial conversion price of HK$38 per share, HEC Pharma said in a stock filing on Tuesday night. The drugmaker, based in Yichang in central China's Hubei province, is planning to use the funds to acquire drugs and other pharmaceutical products, it said.

  • Reuters5 days ago

    Saudi fund may only play minor part in Musk's $72 billion Tesla plan - bankers

    Elon Musk told investors this week that "obviously, the Saudi sovereign fund has more than enough capital needed" to finance taking Tesla private. The fund is estimated to have over $250 billion (£196.7 billion) in assets. The Public Investment Fund (PIF) has many claims on its resources, both financial and political.

  • Reuters5 days ago

    Blackstone may buy stake in India's Jet Airways loyalty arm - Bloomberg

    A potential deal could value the loyalty programme, Jet Privilege Private Ltd, between 30 billion rupees and 40 billion rupees (£337.93 million-£450.54 million) and would be dependant on Jet Airways securing adequate funding for its airline operations, Bloomberg said. The Indian carrier and its partner Etihad Airways will remain investors in Jet Privilege even after a potential Blackstone transaction, Bloomberg said.

  • Bloomberg5 days ago

    Blackstone in Talks for Stake in Jet Airways Loyalty Arm

    Blackstone Group LP is in talks to buy a stake in the loyalty program of Jet Airways India Ltd., the troubled Indian carrier that’s exploring options to raise cash, people with knowledge of the matter said. The private equity firm has expressed interest in a deal that could value Jet Privilege Pvt at about 30 billion rupees ($429 million) to 40 billion rupees, according to the people, who asked not to be identified because the information is private. Jet Airways has been seeking a higher valuation for the business, which is part owned by the Indian airline’s partner Etihad Airways PJSC, one of the people said.

  • Reuters5 days ago

    Brazil's Patria Investimentos considers bid for Cesp -source

    Brazilian asset management firm Pátria Investimentos is considering a bid for power generation company Companhia Energética de São Paulo, known as Cesp, one source with knowledge of the matter said. Pátria, ...

  • The Zacks Analyst Blog Highlights: Tesla and Blackstone
    Zacks6 days ago

    The Zacks Analyst Blog Highlights: Tesla and Blackstone

    The Zacks Analyst Blog Highlights: Tesla and Blackstone

  • Financial Times6 days ago

    [$$] Boutique firm that advised Blackstone on Thomson Reuters deal raises $100m

    in its acquisition of a controlling stake in Thomson Reuters’ financial terminals and data has raised $100m to co-invest alongside the private equity group, people familiar with the move said. The fund formed by Canson Capital Partners, the lead adviser to the New York-based buyout giant on the Thomson Reuters transaction, was 30 per cent oversubscribed and raised in less than four months, these people said. The fund attracted a combination of high-net worth individuals, family offices and institutional investors.

  • Sacramento fintech company adds Blackstone executive, UC Davis dean to board of directors
    American City Business Journals7 days ago

    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.

  • Blackstone's Tony James Hires Real Estate Head for Family Office
    Bloomberg7 days ago

    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.

  • Owl Rock Is Finalizing Fund With $3 Billion for Loans
    Bloomberg9 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.

  • Reuters10 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 ...

  • Reuters10 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.

  • L.A.'s TaskUs gets big investment from Blackstone
    American City Business Journals10 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 Journal11 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 Wire11 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.

  • Bloomberg11 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 Wire11 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.

  • New York investor pays $311M for apartments in metro Phoenix
    American City Business Journals11 days ago

    New 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.

  • Thomson Reuters on offense as Blackstone deal nears
    Reuters11 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.

  • Thomson Reuters Corp (TRI) Q2 2018 Earnings Conference Call Transcript
    Motley Fool12 days ago

    Thomson Reuters Corp (TRI) Q2 2018 Earnings Conference Call Transcript

    TRI earnings call for the period ending June 30, 2018.

  • Reuters12 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.

  • Rising Valley home prices drive apartment rentals through the roof
    American City Business Journals13 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 Times14 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 ...