Blackstone Inc. (BX)
| Market Cap | 151.77B |
| Revenue (ttm) | 10.33B |
| Net Income (ttm) | 2.15B |
| Shares Out | 1.21B |
| EPS (ttm) | 2.83 |
| PE Ratio | 44.41 |
| Forward PE | 23.27 |
| Dividend | $3.32 (2.64%) |
| Ex-Dividend Date | Apr 26, 2024 |
| Volume | 3,143,698 |
| Open | 128.60 |
| Previous Close | 127.88 |
| Day's Range | 124.53 - 128.62 |
| 52-Week Range | 81.06 - 133.56 |
| Beta | 1.50 |
| Analysts | Buy |
| Price Target | 123.53 (-1.7%) |
| Earnings Date | Apr 18, 2024 |
About BX
Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and... [Read more]
Financial Performance
In 2023, Blackstone's revenue was $8.02 billion, a decrease of -5.81% compared to the previous year's $8.52 billion. Earnings were $1.39 billion, a decrease of -20.41%.
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for BX stock is "Buy." The 12-month stock price forecast is $123.53, which is a decrease of -1.70% from the latest price.
News
CoreWeave raises $7.5 billion debt from Blackstone, others
Specialized cloud services provider CoreWeave is raising $7.5 billion in debt from financiers led by Blackstone and Magnetar to expand its infrastructure to meet rising artificial intelligence (AI) wo...
AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone
CoreWeave's $7.5 billion debt financing follows a $1.1 billion funding round the startup announced two weeks ago.
Blackstone to Acquire Majority Stake in Priority Software
TEL AVIV, Israel--(BUSINESS WIRE)--Blackstone today announced that Blackstone Growth and affiliated funds (collectively “Blackstone”) have entered into a definitive agreement to acquire a majority sta...
Blackstone to Present at Bernstein's 40th Annual Strategic Decisions Conference
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) announced today that Jon Gray, President and Chief Operating Officer, is scheduled to present at Bernstein's 40th Annual Strategic Decisions Conference ...
Blackstone Life Sciences Launches Uniquity Bio to Develop Novel Medicines in Immunology & Inflammation
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) today announced the launch of the Blackstone Life Sciences (“Blackstone”) portfolio company Uniquity Bio, a clinical-stage drug development company focu...
APARTMENT INCOME REIT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Apartment Income REIT Corp. - AIRC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Apartment Income...
CAIS Expands Marketplace Offerings with Blackstone's Alternative Investment Strategies
NEW YORK--(BUSINESS WIRE)--CAIS, the leading alternative investment platform for independent financial advisors, today announced that Blackstone, the world's largest alternative asset manager with ove...
Blackstone likely winner for Hipgnosis Songs as Concord maintains lower bid
Apollo-backed Concord said on Thursday it will stick with its offer of $1.25 apiece for Hipgnosis Songs Fund , days after Blackstone outbid it for the music rights owner of artists such as Shakira and...
Blackstone Stock Punished Amid Breit, Economic Concerns
Blackstone BX -1.40% stock is underperforming the private-equity firm's competitors this year as concerns over a high-profile real estate fund's performance, mixed with wider economic forces, eat into...
Blackstone Appoints Philip Sherrill as Global Head of Insurance
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) today announced the appointment of Philip Sherrill as Global Head of Insurance. In his new role, Mr. Sherrill will focus on growing the firm's insurance...
Blackstone Mortgage (BXMT) stock yields 13.6%: is it a good buy?
Blackstone Mortgage Trust (NYSE: BMXT) stock has one of the highest dividends yields in Wall Street. It has a dividend yield of 13.6%, higher than the S&P 500 return of 1.35%, and the iShares Core Hig...
Blackstone's Baratta on Economy, Deal Environment, IPOs
Joe Baratta, Blackstone's head of private equity, says the US economy is slowing but still "quite strong." Speaking with Carol Massar and Romaine Bostick at the Milken Institute Global Conference in B...
Diameter and Blackstone Set Brisk Pace in Private Credit
Diameter Capital Partners is showing nimbleness along with strength, returning money to clients even while raising $1.6 billion for its debut private credit vehicle, Bloomberg's Sridhar Natarajan tell...
Blackstone Real Estate Completes Privatization of Tricon
NEW YORK & TORONTO--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced the closing of the previously-announced statuto...
Hipgnosis strikes new $1.57 billion deal with Blackstone as bidding battle continues
Hipgnosis Songs Fund on Monday said it had struck a new deal with Blackstone through which the private equity giant would fully acquire the company that owns the rights to the music of Neil Young and ...
Hipgnosis Backs Improved Blackstone Offer
Hipgnosis, home to the catalog of artists such as Neil Young, Shakira and Red Hot Chili Peppers, has agreed to an improved $1.6 billion takeover by Blackstone, trumping a rival bid from Apollo-backed ...
Blackstone outbids Concord in $1.6 bln takeover battle for Hipgnosis
Blackstone has agreed to acquire Hipgnosis Songs Fund for about $1.57 billion, after the private equity giant outbid rival suitor Concord in the takeover battle for the music owner of artists such as ...
Blackstone-owned Crown Resorts to cut up to 1,000 jobs as challenges mount
Blackstone-owned Crown Resorts will cut up to 1,000 roles in Melbourne, Perth and Sydney, it said on Monday, as weak economic conditions continue to impact its business and as it struggles to keep up ...
Blackstone to make improved bid for Hipgnosis, Sky News reports
Private equity giant Blackstone is preparing to lodge an improved bid for Hipgnosis Songs Fund which owns the music rights of artists including Shakira and Blondie, Sky News reported on Sunday.
Dellaert: Blackstone Always Going to Coexist With Banks
Blackstone has set a goal to grow its total credit assets to $1 trillion in the next decade. To do so, the firm has made sweeping changes atop the unit.
KKR to buy $1.64 bln student housing portfolio from Blackstone's REIT
Private equity firm KKR has agreed to buy a portfolio of 19 student housing properties from Blackstone Real Estate Income Trust for about $1.64 billion, the companies said on Thursday.
KKR to Acquire $1.64 Billion Student Housing Portfolio from BREIT
NEW YORK--(BUSINESS WIRE)--KKR and Blackstone Real Estate Income Trust, Inc. (“BREIT”) today announced a definitive agreement for funds managed by KKR to acquire a portfolio of 19 purpose-built studen...
Concord outbids Blackstone sparking bidding war over Hipgnosis
Hipgnosis Songs Fund has found itself at the center of a private-equity fuelled bidding war between Blackstone and Apollo-backed Concord Music Group following the Nashville music producer's new offer ...
Blackstone Credit and Insurance appoints Dan Leiter as Head of International
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) today announced the appointment of Dan Leiter as Head of International for Blackstone Credit and Insurance (BXCI). In this role, reporting to Gilles Del...
Blackstone to acquire Tropical Smoothie Cafe restaurant chain
Blackstone BX, -0.43% said it is acquiring acquire Tropical Smoothie Cafe, an Atlanta-based franchiser with over 1,400 locations in 44 states, from Leichtman Capital Partners.