BX - The Blackstone Group L.P.

NYSE - NYSE Delayed Price. Currency in USD
34.65
-0.65 (-1.84%)
At close: 4:01PM EDT
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Previous Close35.30
Open35.15
Bid0.00 x 1800
Ask35.11 x 3200
Day's Range34.60 - 35.49
52 Week Range29.57 - 40.60
Volume6,056,901
Avg. Volume3,713,210
Market Cap41.446B
Beta (3Y Monthly)1.55
PE Ratio (TTM)13.02
EPS (TTM)2.66
Earnings DateOct 17, 2018 - Oct 22, 2018
Forward Dividend & Yield2.32 (6.43%)
Ex-Dividend Date2018-07-27
1y Target Est44.88
Trade prices are not sourced from all markets
  • The Wall Street Journal16 hours ago

    [$$] Goldman's Latest Private-Equity Buy; Eatel Goes on the Block

    Goldman Sachs Group Inc.’s Petershill unit has struck again with yet another purchase of a GP management company stake. Midmarket firm Harvest Partners harvested a little piece of itself with the sale of a 15% stake in the firm.

  • The Wall Street Journal2 days ago

    [$$] Blackstone Profit Jumps, Helped by Rising Markets

    Blackstone Group LP reported a 17% increase in third-quarter profit as continuing market strength buoyed the value of its investments. The value of Blackstone’s private-equity portfolio rose 7.5%, a slowdown from the 9.5% growth it posted in the second quarter but significantly outpacing its 3.3% growth in the year-earlier period. The investment firm’s economic profit, which reflects changes in the value of unrealized investments, rose to $911.4 million, or 76 cents a share, from $822.1 million, or 68 cents a share, a year earlier.

  • Barrons.com2 days ago

    Why Wall Street’s Ties to Saudi Arabia Will Be Hard to Break

    Treasury Secretary Steven Mnuchin joins finance executives in dropping out of the conference. But BlackRock, Blackstone, and other financial firms still want to do business with the kingdom despite the risks.

  • Trump vs. The Fed and PayPal, Intuitive Surgical Earnings Previews
    Zacks2 days ago

    Trump vs. The Fed and PayPal, Intuitive Surgical Earnings Previews

    Ryan McQueeney discusses the Fed's decision to remain hawkish amid criticism from President Trump. He also recaps earnings results from Travelers, Blackstone, and Philip Morris. Later, he is joined by Dave Bartosiak to preview upcoming reports from PayPal and Intuitive Surgical.

  • Blackstone’s Profit Beats Expections as Firm Gathers More Assets
    Bloomberg2 days ago

    Blackstone’s Profit Beats Expections as Firm Gathers More Assets

    Blackstone Group LP brought in $24.1 billion in new capital in the third quarter, helping the largest alternative asset manager beat profit expectations, according to its earnings report Thursday. Key InsightsAs fundraising in the private equity industry slows this year, Blackstone bucked that trend. “If you had a sharp correction in the market, you could see a bit of a slowdown in fundraising,” Jon Gray, Blackstone’s president, said Thursday on a call with investors.

  • Blackstone (BX) Q3 Earnings Beat as Revenues Rise, Costs Up
    Zacks2 days ago

    Blackstone (BX) Q3 Earnings Beat as Revenues Rise, Costs Up

    Revenue growth and rise in assets under management support Blackstone's (BX) Q3 earnings.

  • Ares Faces Onslaught of Rivals After Pioneering Direct Lending
    Bloomberg2 days ago

    Ares Faces Onslaught of Rivals After Pioneering Direct Lending

    Sure, he’s a billionaire, owns a professional basketball team and gets invited to exclusive parties in the Hamptons. Instead, his Ares Management LP has taken a low-key approach, focusing on steady bets in private credit that’s left it overshadowed by firms more than twice its size. As direct lending has become the hottest business on Wall Street, Ares is finally having its moment.

  • Blackstone concedes defeat to Canada's Oxford in battle for Australia's Investa
    Reuters2 days ago

    Blackstone concedes defeat to Canada's Oxford in battle for Australia's Investa

    Private equity giant Blackstone Group (NYSE:BX - News) has quit a takeover battle for Australian office-block owner Investa Office Fund (ASX:IOF.AX - News) after it was gazumped by Canadian landlord Oxford Properties Group's A$3.35 billion ($2.4 billion) bid. Blackstone told Investa it would not match the offer, Investa said on Thursday, all but handing the sought-after target to Oxford as office rents boom, especially in Sydney where Investa's 20 towers are concentrated.

  • Billionaire art collector says Chinese museums are buying up the world's art
    CNBC3 days ago

    Billionaire art collector says Chinese museums are buying up the world's art

    J. Tomilson Hill, one of the world's top art collectors, said the art market is unlikely to cool or crash anytime soon, due in part to soaring demand from new museums in China.

  • U.S. Private Equity Muscles In on Australia’s Home-Loan Market
    Bloomberg3 days ago

    U.S. Private Equity Muscles In on Australia’s Home-Loan Market

    KKR & Co., Blackstone Group LP and Cerberus Capital Management LP have all snapped up small Australian mortgage lenders in the past 14 months, providing the heavyweight backing that has made non-bank lenders the fastest-growing source of new home loans this year. “The non-bank sector is changing,” said Andrew Papageorgiou, investment manager at the Melbourne-based fund manager Realm Investment House, adding that the backing of KKR and others would enhance access to the deeper European, U.K. and U.S. funding markets.

  • Business Wire3 days ago

    Ares Management, SMW Hospitality & Trinity Investments Sell Ritz-Carlton, Kapalua in Maui

    A joint venture among funds managed by the Real Estate Group of Ares Management, L.P. (ARES), SMW Hospitality LLC (a joint venture between affiliates of Square Mile Capital Management LLC (“Square Mile Capital”) and Wafra Inc.), and Trinity Real Estate Investments LLC, today announced the sale of The Ritz-Carlton, Kapalua in Maui, Hawaii, to Blackstone Real Estate Partners, an affiliate of Blackstone Group (BX).

  • Blackstone (BX) to Post Q3 Earnings: What's in the Offing?
    Zacks3 days ago

    Blackstone (BX) to Post Q3 Earnings: What's in the Offing?

    Rise in assets under management and improvement in revenues are expected to support Blackstone's (BX) Q3 earnings.

  • IMF's Christine Lagarde postpones her Mideast trip, including the Saudi conference
    CNBC3 days ago

    IMF's Christine Lagarde postpones her Mideast trip, including the Saudi conference

    The IMF's Christine Lagarde had been scheduled to attend an investing event in Saudi Arabia which has seen mounting cancellations since the disappearance of Washington Post columnist Jamal Khashoggi.

  • CNBC3 days ago

    IMF's Christine Lagarde postpones her Mideast trip, including the Saudi conference

    The International Monetary Fund's Christine Lagarde has postponed her trip to the Middle East, according to an IMF statement on Wednesday. Lagarde's visit to the region included attending the Future Investment Initiative, also known as "Davos in the Desert," in Saudi Arabia. The conference is scheduled for Oct. 23 to 25.

  • The Wall Street Journal4 days ago

    [$$] Saudi Arabia's Wall Street Fallout; Carlyle's Trifecta of Deals

    Good day. Wall Street fallout continues to mount over the alleged murder of Saudi journalist Jamal Khashoggi as executives decide whether or not to attend one of the kingdom’s marquee business conferences.

  • Blackstone Said to Be Among Investors to Weigh GEMS Stake Sale
    Bloomberg4 days ago

    Blackstone Said to Be Among Investors to Weigh GEMS Stake Sale

    Fajr Capital Ltd., Bahrain’s sovereign wealth fund Mumtalakat Holding Co. and the Varkey Group are also considering selling some or all of their holding in the education provider in a deal that could value GEMS at about $4 billion, said the people, asking not to be identified as the talks are private. The investors are close to hiring Credit Suisse Group AG and Morgan Stanley to advise on the sale, some of the people said. Representatives for Blackstone, GEMS, Mumtalakat, Fajr, Morgan Stanley and Credit Suisse declined to comment.

  • Keppel Nears Deal for Blackstone-Owned Chemical Firm Ixom
    Bloomberg4 days ago

    Keppel Nears Deal for Blackstone-Owned Chemical Firm Ixom

    Acquiring Ixom would help Keppel Infrastructure Trust, led by recently appointed Chief Executive Officer Matthew Pollard, to widen its exposure beyond Singapore. Its portfolio mostly comprises investments based in the city-state, although it also owns Australian electricity and telecom firm Basslink, which it acquired when it merged with CitySpring Infrastructure Trust in 2014. Negotiations with Blackstone are ongoing, the people said.

  • Schwarzman Gives $350 Million for MIT College of Computing
    Bloomberg5 days ago

    Schwarzman Gives $350 Million for MIT College of Computing

    The MIT Stephen A. Schwarzman College of Computing is part of a $1 billion commitment from the university and will address the opportunities and challenges produced by the prevalence of computing and the rise of artificial intelligence, the Cambridge, Massachusetts-based school said in a statement Monday. Schwarzman, who has a net worth of $12.8 billion according to the Bloomberg Billionaires Index, splashed onto the big-giving scene in 2008 with $100 million to the New York Public Library.

  • Mohamed El-Erian: American CEOs pulling out of the Saudi conference is not a 'big deal' to markets
    CNBC5 days ago

    Mohamed El-Erian: American CEOs pulling out of the Saudi conference is not a 'big deal' to markets

    Financial markets signal that the torrent of American CEOs pulling out next week's Saudi investment conference is not a great concern, the Allianz economist says.

  • The Wall Street Journal5 days ago

    [$$] Beauty Blender Up for Sale; Blackstone Executive to Depart

    Good day! Stock markets may have gotten ugly last week, but there’s still a little beauty to be found out there for private-equity investors interested in consumer brands. Cosmetic products brand Beauty Blender, known for its quirky rounded makeup sponges, is looking for a buyer.

  • Australia's Investa Office Fund gives Blackstone four days to match rival bid
    Reuters6 days ago

    Australia's Investa Office Fund gives Blackstone four days to match rival bid

    IOF said in a statement that its board has assessed Oxford's binding proposal and determined it to be superior to the Blackstone offer. IOF said Blackstone has until Oct. 18 to match or outbid Oxford's offer. IOF last month postponed a shareholder meeting to vote on Blackstone's offer, choosing instead to engage with Oxford after the Canadian company sweetened its bid.

  • CNBC6 days ago

    CEOs of JP Morgan, BlackRock, and Blackstone pull out of Saudi conference

    J.P. Morgan Chase CEO Jamie Dimon, BlackRock CEO Larry Fink, and Blackstone CEO Stephen Schwarzman will not be attending an investment conference in Saudi Arabia later this month, CNBC has learned. The moves are in reponse to concerns about the disappearance and suspected murder of journalist Jamal Khashoggi. Several executives and media outlets — including CNBC, Financial Times, CNN and The New York Times — have withdrawn from the event, citing concerns about the disappearance and suspected killing of Khashoggi.

  • CEOs of JP Morgan, BlackRock, Blackstone, and MasterCard pull out of Saudi conference
    CNBC6 days ago

    CEOs of JP Morgan, BlackRock, Blackstone, and MasterCard pull out of Saudi conference

    J.P. Morgan Chase CEO Jamie Dimon, BlackRock CEO Larry Fink, Blackstone CEO Stephen Schwarzman and now MasterCard CEO Ajay Banga will not be attending an investment conference in Saudi Arabia later this month, CNBC has learned.

  • CNBC8 days ago

    Cramer's lightning round: Don't buy shares of GE until the company cuts costs or raises cash

    Jim Cramer zooms through his take on callers' favorite stocks, including the ailing industrial everybody has their eyes on.

  • CNBC8 days ago

    Cramer's lightning round: Don't buy shares of GE until the company cuts costs or raises cash

    Jim Cramer zooms through his take on callers' favorite stocks, including the ailing industrial everybody has their eyes on.