|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||31.91 - 32.48|
|52 Week Range||29.03 - 37.52|
|PE Ratio (TTM)||14.58|
|Earnings Date||Apr 18, 2018 - Apr 23, 2018|
|Forward Dividend & Yield||3.40 (11.07%)|
|1y Target Est||40.50|
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."
Apr.18 -- Lloyd Blankfein, head of Goldman Sachs Group Inc., and Jon Gray, heir apparent of Blackstone Group, sat down for lunch last month, just as tensions between their firms were ratcheting up. Bloomberg's Nabila Ahmed reports on "Bloomberg Markets."
Apr.18 -- Bloomberg’s Ed Hammond discusses a lunch meeting between Goldman Sachs CEO Lloyd Blankfein and Blackstone President Jonathan Gray. They are said to have talked about a controversial trade involving credit-default swaps. He speaks with Alix Steel and David Westin on "Bloomberg Daybreak: Americas."
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.
Procter & Gamble PG – Procter & Gamble earned an adjusted $1 per share for its third quarter , 2 cents a share above estimates. BB&T BBT – The regional bank reported adjusted quarterly profit of 97 cents per share, beating Street forecasts by 5 cents a share. Bank of New York Mellon BK – The bank came in well above forecasts, with quarterly profit of $1.10 per share.
On a per-share basis, the New York-based company said it had net income of 53 cents. Earnings, adjusted for non-recurring costs, came to 65 cents per share. The results topped Wall Street expectations. ...
Blackstone posted first-quarter profits that surpassed Wall Street expectations on Thursday, as investors’ hunger for yield helped drive assets under management at the US private equity group to a new ...
Blackstone Group LP, the largest manager of alternative assets such as private equity and real estate, said on Thursday first-quarter earnings per share fell 20 percent year-on-year, as a stock market slump weighed on the value of its holdings. New York-based Blackstone said it plans to pay a 30 cent special dividend in 2018, returning to shareholders a portion of the proceeds from the conclusion of its partnership with FS Investment Corp. The firm increased its share buy-back authorization to $1 billion from $335.8 million. In January, Blackstone agreed to buy a majority stake in the Financial and Risk business of Thomson Reuters Corp , the parent company of Reuters News, in a $20 billion deal.
Total assets under management in the first quarter jumped 22 percent from a year earlier to a record $449.6 billion through a combination of fundraising and financial gains, Blackstone said in a statement Thursday. Private equity firms are coming off a record year for fundraising. “Amid declining global markets and a sharp increase in volatility, Blackstone continued to protect and grow our investors’ capital in the first quarter,” said Stephen Schwarzman, Blackstone’s chief executive officer.
Blackstone is taking matters into its own hands. Long frustrated that its shares never caught the fancy of institutional investors — even as assets managed now exceed a whopping $450bn — the alternative ...
BHP Billiton Ltd (BHP.AX) cut its 2018 fiscal year iron ore output guidance on Thursday citing issues in its railroad car unloading system, while also slightly raising its copper output expectations given higher production at the Escondida mine. A car dumper is a machine that unloads bulk cargoes from rail road cars. Overall, the outcome of the global miner's third quarter production was balanced as lower iron ore output and eased guidance should be broadly offset by a slight pick up in third quarter copper production and upgraded guidance, said Sydney-based brokerage Shaw and Partners in a report.
The miner cut its fiscal 2018 production guidance to between 272-274 million tonnes of iron ore from 275-280 million tonnes. BHP, the world's biggest miner, said its copper production target was affected by a "slower than planned" ramp-up in production during the March quarter at its Olympic Dam facility in South Australia. BHP's iron ore output rose to 67 million tonnes in the three months ended March 31, compared with 62 million tonnes a year ago.
The economic and earnings calendars on Thursday should be fairly quiet, as investors continue to focus on the Treasury yield curve, which some fear is signaling recession.
is planning to splash $4.5bn on Japanese corporate acquisitions over the next few years was one of those announcements that screams out to be labelled a bellwether. have been chasing various strands of the story (heavily undervalued assets, hidden gems, succession crisis, distressed sell-offs) for years, and have notched up some successes that make Blackstone’s abstinence stand out. The explanation Blackstone offers for its relatively late arrival is that Japan has recently made a significant positive shift in corporate governance, hanging its hat on a theme that remains the obsession of foreign investors.
Lloyd Blankfein and Jon Gray, two of the most powerful figures on Wall Street, sat down for lunch last month, just as tensions between their firms were ratcheting up.