BX - The Blackstone Group L.P.

NYSE - NYSE Delayed Price. Currency in USD
35.21
+0.15 (+0.43%)
At close: 4:02PM EDT
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Previous Close35.06
Open35.02
Bid35.15 x 1200
Ask35.49 x 1000
Day's Range34.91 - 35.59
52 Week Range29.57 - 37.52
Volume2,300,351
Avg. Volume3,972,330
Market Cap41.918B
Beta1.56
PE Ratio (TTM)18.07
EPS (TTM)1.95
Earnings DateJul 19, 2018
Forward Dividend & Yield2.18 (6.21%)
Ex-Dividend Date2018-06-28
1y Target Est40.13
Trade prices are not sourced from all markets
  • The Wall Street Journal3 days ago

    [$$] Blackstone, Goldman Units Buy Minority Stake in Francisco Partners

    The deal brings together two rivals that compete for stakes in private-equity shops in a joint bet on Francisco Partners’ growth. The buyers—Blackstone’s Strategic Capital Group and Goldman’s Petershill group—are investing on equal terms, said people briefed on the sale. Francisco said in a news release the transaction gives the San Francisco firm new balance-sheet money to expand and make bigger commitments to funds.

  • Business Wire3 days ago

    Francisco Partners Announces Strategic Minority Investment by Blackstone and Goldman Sachs Asset Management

    Francisco Partners, a leading technology-focused private equity firm, announced that Blackstone’s (BX) Strategic Capital Group and Goldman Sachs Asset Management’s Petershill program (“Petershill”) (GS) have acquired a minority stake in Francisco Partners. The investment provides Francisco Partners with balance-sheet capital to continue to develop its strong platform while increasing commitments to its own funds, strengthening its alignment with limited partners. Dipanjan “DJ” Deb, Co-founder and CEO of Francisco Partners, said, “Since our inception, we have always prided ourselves on the strength of our relationships.

  • ACCESSWIRE3 days ago

    Initiating Free Research Reports on Bank of New York Mellon and Three Other Asset Management Equities

    Pre-market today, WallStEquities.com reviews these four Asset Management stocks: State Street Corp. (NYSE: STT), T. Rowe Price Group Inc. (NASDAQ: TROW), The Bank of New York Mellon Corp. (NYSE: BK), and The Blackstone Group L.P. (NYSE: BX). All you have to do is sign up today for this free limited time offer by clicking the link below.

  • The Wall Street Journal7 days ago

    [$$] How Regulators Averted a Debacle in Credit-Default Swaps

    When Blackstone Group LP made a bet that shook confidence in the credit derivatives market, U.S. regulators waged an unusual campaign to pressure the investment firm to back down. The Commodity Futures Trading Commission took an interest last year when Blackstone’s GSO Capital Partners LP disclosed it had taken out insurance on bonds issued by Hovnanian Enterprises Inc., wagering the home builder would default on its debts. Blackstone offered Hovnanian a low-cost loan and persuaded the builder to miss a small interest payment in exchange, which would trigger payouts on $333 million in Blackstone’s credit-insurance contracts and yield the firm tens of millions of dollars, depending on market factors.

  • Analyst Ratings on Blackstone Have Stayed Steady
    Market Realist13 days ago

    Analyst Ratings on Blackstone Have Stayed Steady

    Of the total 14 analysts covering Blackstone Group (BX) in June, six have recommended a “buy.” Seven analysts suggested a “strong buy,” and one has given the stock a “hold” rating. The ratings on Blackstone haven’t changed in the past three months. Overall, the traditional and alternative asset managers have a weaker outlook primarily because of global uncertainties.

  • How Blackstone’s Valuations Compare to Peers
    Market Realist13 days ago

    How Blackstone’s Valuations Compare to Peers

    Blackstone Group (BX) has a price-to-earnings ratio of 10.40x on an NTM (next-12-month) basis, while the peer average is 10.17x. Blackstone’s peers have the following price-to-earnings ratios on an NTM basis: Carlyle Group (CG): 8.25x KKR & Company (KKR): 10.71x Apollo Global Management (APO): 11.56x

  • Here’s What Could Affect Blackstone’s Real Estate Segment
    Market Realist13 days ago

    Here’s What Could Affect Blackstone’s Real Estate Segment

    The real estate segment of Blackstone Group (BX) garnered total revenues amounting to $641 million in the first quarter, a decline of 17% on a YoY (year-over-year) basis. The real estate segment garnered total management fees (net) of $247.9 million in the first quarter, which implies a YoY rise of 15%. The company’s real estate portfolio is witnessing a decent performance.

  • What to Expect from Blackstone’s Credit Division
    Market Realist14 days ago

    What to Expect from Blackstone’s Credit Division

    Blackstone Group’s (BX) credit division witnessed a YoY decline of 11% in its total revenues in the first quarter. This fall was mainly the result of a fall in other revenues, performance revenues, as well as principal investment income. In the first quarter, the division garnered total management fees (net) of $167.6 million, a substantial rise of 35% on a YoY basis.

  • What Could Impact Blackstone’s Private Equity Business?
    Market Realist14 days ago

    What Could Impact Blackstone’s Private Equity Business?

    In the first quarter, Blackstone Group’s (BX) private equity division garnered total revenues of $681.1 million, a substantial rise on a YoY basis. This rise was mainly due to total management and advisory fees (net) as well as performance revenues. The higher volatility in the market was also evident in the first quarter, and it impacted the private equity segment’s realizations.

  • What Could Impact Blackstone Moving Forward?
    Market Realist14 days ago

    What Could Impact Blackstone Moving Forward?

    Blackstone Group’s (BX) CEO expressed optimism about the company’s first-quarter results even though global equity markets witnessed negative momentum and volatility rose in the first quarter. During the period, the company witnessed significant inflows amounting to $18.2 billion. In contrast, peer (XLF) Apollo Global Management’s (APO) inflows stood at $4.9 billion, while Carlyle Group (CG) raised $7.7 billion in the first quarter.

  • The Wall Street Journal15 days ago

    [$$] Creditors Probe Gibson’s Pre-Bankruptcy Dealings With Lenders

    Creditors are stepping up a probe of guitar-maker Gibson Brands Inc.’s pre-bankruptcy dealings, looking for signs the troubled company favored senior lenders, including  affiliates of private-equity giants Blackstone Group and KKR & Co. Blackstone’s GSO Capital Partners LP and KKR Credit Advisors (US) LLC are among the largest secured lenders to Gibson, which filed for chapter 11 bankruptcy protection May 1, with $475 million in secured debt.

  • Blackstone selling two jumbo loans for F&R buyout
    Reuters17 days ago

    Blackstone selling two jumbo loans for F&R buyout

    Selldown of the jumbo $13.5 billion financing backing Blackstone Group’s (NYSE:BX - News) $20 billion acquisition of a 55 percent stake in Thomson Reuters’(Toronto:TRI.TO - News) Financial and Risk unit is under way, banking sources said on Friday. A $8 billion-equivalent Term Loan B is being shown to large institutional investors before an expected September launch, and a $5.5 billion bridge loan to high-yield bond issues has also been launched. The $13.5 billion financing is being led by JP Morgan, Bank of America Merrill Lynch and Citigroup.

  • MarketWatch20 days ago

    Forget the tariff tantrum—S&P 500 is headed 10% higher in 2018, says Blackstone’s Wien

    Blackstone’s Byron Wien, who predicted that some “lurking” geopolitical factor would upset the U.S. equity markets a few weeks ago, says that the S&P 500 is on track to hit 3000 in next half of 2018. “The upside of the market is that we can get to 3,000,” said the vice chairman of Blackstone Group L.P.’s (BX) Private Wealth Solutions unit.

  • Wall Street’s Byron Wien: Stocks could still test February lows but really rally after November midterms
    CNBC20 days ago

    Wall Street’s Byron Wien: Stocks could still test February lows but really rally after November midterms

    “The upside of the market is that we can get to 3,000" on the S&P 500, says Blackstone's Bryon Wien.

  • Reuters21 days ago

    Exclusive: Dealmaker Chu, Pinnacle chairman partner to buy consumer firms: sources

    Chinh Chu, a former Blackstone Group (:BX.N) dealmaker, has partnered with Pinnacle Foods (:PF - News) Chairman Roger Deromedi for a special purpose acquisition company (SPAC) focused on buying consumer companies, people familiar with the matter said on Monday. Chu and Deromedi, along with ex-Blackstone dealmaker Jason Giordano, have hired investment banks for the initial public offering (IPO) of the SPAC, expected later this year, one of the people said, requesting anonymity to speak about the process.

  • Blackstone starts marketing huge F&R buyout loan
    Reuters21 days ago

    Blackstone starts marketing huge F&R buyout loan

    The $8 billion-equivalent term loan B portion of the debt financing backing Blackstone Group’s $20 billion acquisition of a 55 percent stake in Thomson Reuters’ Financial and Risk (F&R) unit is being shown to large institutional investors before an anticipated September launch, sources said on Monday. The $13.5 billion financing, which includes loans and bonds, is being led by JP Morgan, Bank of America Merrill Lynch and Citigroup and is the largest buyout financing since the financial crisis. The jumbo buyout loan is currently being premarketed and is expected to formally launch soon after Labor Day, which will be celebrated on September 3 in the United States, two sources said.

  • A Look At The Blackstone Group LP’s (NYSE:BX) Exceptional Fundamentals
    Simply Wall St.21 days ago

    A Look At The Blackstone Group LP’s (NYSE:BX) Exceptional Fundamentals

    As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health toRead More...

  • Business Wire21 days ago

    Blackstone’s BREIT to Acquire $1.2 Billion EdR Student Housing Portfolio in a Joint Venture with Greystar

    Blackstone Real Estate Income Trust, Inc. (“BREIT”) announced today an agreement to acquire the EdR Student Housing Portfolio (the “Portfolio”), with 10,500 beds across 20 assets, for $1.2 billion, in a 95%/5% BREIT-led joint venture with Greystar Real Estate Partners (“Greystar”). The transaction will be completed in conjunction with Greystar’s previously announced $4.6 billion acquisition of Education Realty Trust (EDR), one of the largest owners, developers and managers of collegiate housing in the United States with approximately 45,000 beds serving 47 universities in 26 states. The Portfolio includes student housing assets adjacent to top-tier universities that have demonstrated strong enrollment growth, such as University of California Berkeley, University of California Riverside, University of Virginia, University of Arizona, Arizona State University, University of Colorado Boulder and Penn State.

  • Business Wire24 days ago

    Blackstone Announces Second Quarter 2018 Investor Call

    Blackstone announced today that it will host its second quarter 2018 investor conference call on Thursday, July 19, 2018 at 11:00 a.m. ET. You can listen to the call by dialing +1  391-6747 (U.S.

  • Business Wire24 days ago

    Blackstone Announces Second Quarter 2018 Media Call

    Blackstone announced today that it will host a conference call for the media on Thursday, July 19, 2018 at 9:30 a.m. ET to review second quarter 2018 results.

  • Business Wire25 days ago

    Blackstone Announces Additional Senior Hires for New Blackstone Insurance Solutions Business

    Blackstone (BX) today announced two new, additional senior hires in the firm’s Blackstone Insurance Solutions (BIS) group. Erich Schram, former Chief Investment Officer at Guggenheim Life and Annuity Company, has joined as Senior Managing Director, Head of Credit Origination and Trading, and Kevin Relihan, who was a Managing Director in Goldman Sachs Asset Management’s Insurance business, will join BIS as Managing Director, Head of Relationship Management.

  • Barrons.com26 days ago

    Solus Made Money From That CDS Litigation

    The dust is settling from a nasty hedge fund battle over credit-default swaps, enough that observers can now figure out who eked out a profit. The background: GSO Capital Partners, the credit hedge fund within Blackstone Group (BX), bought CDS tied to the debt of home builder Hovnanian Enterprises (HOV). The price of the cheapest outstanding bond set the price for the CDS, which GSO controlled by building supercheap debt. Solus Alternative Asset Management held the opposite position in CDS, and so would have had to pay up, should the CDS be triggered.

  • Equity Office embraces flexible workspace, adopts EQ Office name
    Reuters26 days ago

    Equity Office embraces flexible workspace, adopts EQ Office name

    Blackstone's Equity Office, a large U.S. owner of office space, said on Wednesday it will offer flexible leasing and workspace in a deal with co-working operator Industrious that promises further ties if a joint effort in Los Angeles proves successful. Chicago-based Equity Office also said it was adopting the name EQ Office as it embraces the growing popularity of flex workspace at the six-building Howard Hughes Center in West Los Angeles, which is under renovation.

  • PSAV® Announces Agreement to be Acquired by Blackstone
    Business Wire27 days ago

    PSAV® Announces Agreement to be Acquired by Blackstone

    PSAV, a global leader in event experiences, announced today that it has entered into a definitive agreement to be acquired by private equity and real estate funds affiliated with Blackstone (BX) ("Blackstone") from affiliates of Goldman Sachs (GS) and Olympus Partners. PSAV delivers on its purpose of connecting and inspiring people by creating impactful event experiences. Through its deep expertise in creative, production, advanced technology and staging services, PSAV is an invaluable partner to meeting and event planners.

  • WF or BX: Which Is the Better Value Stock Right Now?
    Zacks27 days ago

    WF or BX: Which Is the Better Value Stock Right Now?

    WF vs. BX: Which Stock Is the Better Value Option?