BX - The Blackstone Group L.P.

NYSE - NYSE Delayed Price. Currency in USD
29.76
-0.64 (-2.11%)
At close: 4:02PM EST
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Previous Close30.40
Open30.00
Bid29.51 x 1300
Ask30.00 x 900
Day's Range29.60 - 30.48
52 Week Range29.29 - 40.60
Volume9,135,982
Avg. Volume5,736,634
Market Cap35.452B
Beta (3Y Monthly)1.76
PE Ratio (TTM)10.85
EPS (TTM)2.74
Earnings DateJan 30, 2019 - Feb 4, 2019
Forward Dividend & Yield2.48 (8.33%)
Ex-Dividend Date2018-12-28
1y Target Est43.50
Trade prices are not sourced from all markets
  • After resort sale, here's the latest on Ritz-Carlton luxury home project
    American City Business Journals3 days ago

    After resort sale, here's the latest on Ritz-Carlton luxury home project

    Unicorp National Developments Inc., one of the biggest developers in Central Florida, is preparing to start vertical construction early next year on its luxury residential project in southwest Orlando.

  • Reuters3 days ago

    Time is right to bet big on India, says Blackstone's Schwarzman - ET

    The chairman of the world's largest private equity firm told the Indian daily that Blackstone could create more revenue for local companies by introducing clients. A debt crisis at a major infrastructure lender in September added to an already slowing economy, prompting the government to step up pressure on the Reserve Bank of India for boosting lending growth. Beyond technology or other export-oriented sectors which earn in foreign currencies, Blackstone's focus is on domestic consumption – financial services and consumer companies.

  • U.S. Leveraged Loan Funds Lose Cash at Fastest Pace Ever
    Bloomberg3 days ago

    U.S. Leveraged Loan Funds Lose Cash at Fastest Pace Ever

    (Bloomberg) -- U.S. leveraged loan funds saw $2.53 billion of net outflows in the week ended Dec. 12, the biggest decline on record, as jittery markets rattle demand for riskier assets.

  • Blackstone Group (BX) Dips More Than Broader Markets: What You Should Know
    Zacks3 days ago

    Blackstone Group (BX) Dips More Than Broader Markets: What You Should Know

    Blackstone Group (BX) closed the most recent trading day at $30.39, moving -0.36% from the previous trading session.

  • PR Newswire4 days ago

    Blackstone Mortgage Trust Declares $0.62 Per Share Dividend

    NEW YORK, Dec. 13, 2018 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (BXMT) today declared a dividend of $0.62 per share of class A common stock with respect to the fourth quarter of 2018. Blackstone Mortgage Trust (BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. Blackstone (BX) is one of the world's leading investment firms.

  • Bloomberg4 days ago

    Blackstone's Jon Gray Mocks His Nice-Guy Image in Holiday Party Video

    The premise is real: Blackstone did cancel its holiday party this year. Christine Anderson, a spokeswoman, said the firm has grown too big to find a venue that can reasonably accommodate its New York employees, who number about 1,000. Gray going ballistic on camera though is fake news.

  • CNBC4 days ago

    CNBC'S ALEX SHERMAN: NIELSEN IS GETTING SERIOUS ABOUT GOING PRIVATE AND WILL TALK TO POTENTIAL BUYERS IN JANUARY

    CNBC'S ALEX SHERMAN: NIELSEN IS GETTING SERIOUS ABOUT GOING PRIVATE AND WILL TALK TO POTENTIAL BUYERS IN JANUARY|| 105626099

  • Blackstone, KKR Pursue $1 Billion Long Beach Terminal
    Bloomberg4 days ago

    Blackstone, KKR Pursue $1 Billion Long Beach Terminal

    EQT Partners and an arm of Macquarie Group Ltd. have also been studying a deal for the asset, the people said, asking not to be identified because the information is private. Cosco, the Chinese state-owned shipping giant, agreed to sell it to obtain U.S. regulators’ approval for its acquisition of rival container-shipping line Orient Overseas International Ltd. The Port of Long Beach describes itself as a U.S. gateway for trans-Pacific trade and the second-busiest container seaport in the U.S., according to its website.

  • Blackstone Scores Biggest Buyout as Firms Spend Most Since 2007
    Bloomberg4 days ago

    Blackstone Scores Biggest Buyout as Firms Spend Most Since 2007

    Stephen Schwarzman’s Blackstone Group LP led the way with the $17 billion purchase of a unit of Thomson Reuters Corp. “These deals have come in spite of what was until recently fully priced equity markets, which we feel have been dampening overall public-to-private deal activity,” said Max Justicz, head of financial sponsors in the Americas at UBS Group AG. “As many private equity funds have raised large amounts of money, they have migrated to evaluating larger deals and thus far, the financing markets have generally been there to support the resulting capital raises,” said Avery Whidden, head of financial sponsors for North America at JPMorgan Chase & Co.

  • Blackstone Taking Deutsche Bank NYC Space Is Sign of Times
    Bloomberg5 days ago

    Blackstone Taking Deutsche Bank NYC Space Is Sign of Times

    Blackstone Group LP is expanding in its New York City headquarters, taking four additional floors at a Park Avenue tower as Deutsche Bank AG prepares to move out. The private equity firm signed a seven-year deal at 345 Park Ave. that will bring its occupancy there to about 575,000 square feet (53,000 square meters) across 16 floors, according to a statement Wednesday. Blackstone will take over space from Deutsche Bank after the German company leaves at the end of 2019, said Jackie Hlavenka, a spokeswoman for Rudin Management Co., the building’s owner.

  • Bloomberg5 days ago

    Co-Founder of Blackstone’s GSO Making Plans to Launch a Competing Credit Firm

    Smith, a co-founder of Blackstone’s GSO Capital, has begun reaching out to investors about starting a firm that would invest in corporate debt in the U.S. and Europe, according to people with knowledge of the situation. The 53-year-old is looking to raise a few billion dollars with a pitch that describes a maturing credit bubble and opportunities to profit through a market correction, the people said, asking not to be identified because the information is confidential. Reached by Bloomberg, he declined to comment on his plans.

  • Are Options Traders Betting on a Big Move in Blackstone (BX) Stock?
    Zacks5 days ago

    Are Options Traders Betting on a Big Move in Blackstone (BX) Stock?

    Investors need to pay close attention to Blackstone (BX) stock based on the movements in the options market lately.

  • Startup out of University of Texas joins accelerator hosted by Techstars, Blackstone
    American City Business Journals5 days ago

    Startup out of University of Texas joins accelerator hosted by Techstars, Blackstone

    They're making a showerhead that could help save the environment — now they're headed to New York alongside some other promising, young entrepreneurs.

  • IPO Companies Rush to Secondary Offerings at Fastest Pace on Record
    IPO Edge2 months ago

    IPO Companies Rush to Secondary Offerings at Fastest Pace on Record

    Days between IPO and First Secondary Offering - Dealogic By John Jannarone Newly-listed companies are sprinting back to the market. IPO companies have waited an average of just 598 days before coming to market with a secondary share offering so far in 2018, according to Dealogic. That’s the lowest figure on record and well below […]

  • IPO Companies Rush to Secondary Offerings at Fastest Pace on Record
    IPO-Edge.com2 months ago

    IPO Companies Rush to Secondary Offerings at Fastest Pace on Record

    Days between IPO and First Secondary Offering - Dealogic By John Jannarone Newly-listed companies are sprinting back to the market. IPO companies have waited an average of just 598 days before coming to market with a secondary share offering so far in 2018, according to Dealogic. That’s the lowest figure on record and well below […]

  • Confirmed: $900M Orlando resort deal closes, renovations planned
    American City Business Journals7 days ago

    Confirmed: $900M Orlando resort deal closes, renovations planned

    A joint venture between two investment firms has closed on its purchase of two Orlando luxury resorts — the JW Marriott Orlando Grande Lakes and Ritz-Carlton Orlando Grande Lakes. New York-based Elliott Management Corp. and Hawaii-based Trinity Real Estate Investments LLC bought the 409-acre Grande Lakes Orlando Resort, the company announced Dec. 6. Terms of the deal were not disclosed, but the price was reportedly $880 million, or $557,000 per guest room, according to a Nov. 14 report by trade publication Real Estate alert.

  • Blackstone Nears Deal for GI Partners Minority Stake, Sources Say
    Bloomberg10 days ago

    Blackstone Nears Deal for GI Partners Minority Stake, Sources Say

    The size of the stake that Blackstone Strategic Capital Holdings is in talks to acquire couldn’t immediately be learned. A Blackstone representative declined to comment, while a representative for GI, a San Francisco-based private equity and real estate firm, didn’t respond to requests for comment. Blackstone, Neuberger Berman Group-backed Dyal Capital Partners and Goldman Sachs Group Inc.’s Petershill unit have raised multibillion-dollar funds to acquire minority stakes in alternative-asset managers.

  • Moody's11 days ago

    RGIS Services, LLC -- Moody's downgrades RGIS to Caa1 from B3; outlook stable

    Moody's Investors Service ("Moody's") downgraded RGIS Services, LLC's ("RGIS") Corporate Family Rating (CFR) and senior secured credit facilities ratings to Caa1 from B3. The PDR affirmation reflects the view that RGIS should be able to negotiate an amendment to its covenants, if needed, as Moody's projects that RGIS will be unable to meet its net leverage maintenance covenant test in 2019.

  • Exclusive: Blackstone plans IPO of U.S. benefits manager Alight - sources
    Reuters11 days ago

    Exclusive: Blackstone plans IPO of U.S. benefits manager Alight - sources

    The IPO could come in the first half of 2019, the four sources said, almost two years after Blackstone acquired Alight from insurance broker Aon Plc (AON.N), in a deal that valued it up to $4.8 billion. It would allow Blackstone to turn a profit by gradually selling its Alight stake in the stock market.

  • Exclusive: Blackstone plans IPO of U.S. benefits manager Alight - sources
    Reuters11 days ago

    Exclusive: Blackstone plans IPO of U.S. benefits manager Alight - sources

    The IPO could come in the first half of 2019, the four sources said, almost two years after Blackstone acquired Alight from insurance broker Aon Plc (AON.N), in a deal that valued it up to $4.8 billion. It would allow Blackstone to turn a profit by gradually selling its Alight stake in the stock market.

  • Blackstone’s Schwarzman Expects a ‘Reasonably Good’ 2019 Despite Trade Wars
    Bloomberg13 days ago

    Blackstone’s Schwarzman Expects a ‘Reasonably Good’ 2019 Despite Trade Wars

    "Nobody ever knows what next year will be, but consumer confidence is really high and business confidence is high,” the firm’s chief executive said at a Goldman Sachs Group Inc.’s conference Tuesday. Schwarzman said at the bank’s U.S. Financial Services Conference that he doesn’t see rising interest rates as a big risk to the economy. The Blackstone CEO also dismissed concerns over the boom in private credit, saying his firm is currently just as conservative with loan covenants as it has been in the past few years.

  • Reuters13 days ago

    Thomson Reuters to cut 3,200 jobs in next two years

    Thomson Reuters Corp said on Tuesday that it will cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs. The news and information provider, which completed the sale of a 55-percent stake in its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP, announced the cuts during an investor day in Toronto, in which it outlined its future strategy and growth plans. Shares in Thomson Reuters rose as much as 3.7 percent on Tuesday, hitting an all-time high.

  • Pebblebrook closes acquisition of LaSalle
    American City Business Journals14 days ago

    Pebblebrook closes acquisition of LaSalle

    Pebblebrook Hotel Trust officially closed its $5.2 billion acquisition of fellow Bethesda hospitality REIT LaSalle Hotel Properties on Friday, ending a long pursuit that was months in the making. LaSalle (NYSE: LHO) shareholders were given 0.92 shares of Pebblebrook (NYSE: PEB) stock per share of LaSalle stock or the cash equivalent of $37.80 per share — which LaSalle claims is a 48 percent premium over its stock price before merger rumors first caused it to sway. The cash component of the deal is fixed at approximately $1.3 billion, according to Securities and Exchange Commission filings.

  • Blackstone (BX) Closes Clarus Buyout, Expands in Healthcare
    Zacks14 days ago

    Blackstone (BX) Closes Clarus Buyout, Expands in Healthcare

    The Blackstone Group L.P. (BX) closes acquisition of Clarus, a global life sciences investment firm, announced in October 2018.