Blackstone Inc. (BX)
| Market Cap | 148.93B |
| Revenue (ttm) | 10.33B |
| Net Income (ttm) | 2.15B |
| Shares Out | 1.21B |
| EPS (ttm) | 2.83 |
| PE Ratio | 43.54 |
| Forward PE | 23.18 |
| Dividend | $3.32 (2.70%) |
| Ex-Dividend Date | Apr 26, 2024 |
| Volume | 2,217,807 |
| Open | 121.79 |
| Previous Close | 122.23 |
| Day's Range | 121.52 - 123.52 |
| 52-Week Range | 88.59 - 133.56 |
| Beta | 1.52 |
| Analysts | Buy |
| Price Target | 123.53 (+0.26%) |
| Earnings Date | Jul 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 an increase of 0.26% from the latest price.
News
Blackstone selling Japan drugmaker Alinamin to MBK Partners
Blackstone and MBK Partners said on Wednesday the U.S. private equity firm is selling Japanese drugmaker Alinamin Pharmaceutical to the North Asian buyout fund.
Blackstone to sell Japan supplement maker Alinamin to MBK for $2.2 bln, Nikkei reports
Private equity firm Blackstone is to sell Japanese drugmaker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for 350 billion yen ($2.17 billion) the Nikkei newspaper reported on Tuesda...
Blackstone Real Estate Completes Privatization of AIR Communities for Approximately $10 Billion
NEW YORK & DENVER--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Apartment Income REIT Corp. (“AIR Communities” or the “Company”) today announced that Blackstone Real Estate Partners X (“Blackstone”) has...
Calls of the Day: Home Depot, Accenture, Shopify, Blackstone & Caterpillar
The Investment Committee discuss the latest Calls of the Day.
Sanofi Looks To Sell $20B Icy Hot Division: Likely Bidders Include Advent, PAI Partners, Blackstone, CVC
Sanofi SA SNY is calling for initial bids for its $20 billion consumer health division.
Blackstone snaps up UK hotel operator Village Hotels
Private equity giant Blackstone has agreed to buy British hotel operator Village Hotels, the company said on Wednesday, part of a wider investor push into the hospitality sector as it outperforms the ...
Ryan Specialty Holdings Set to Join S&P MidCap 400
NEW YORK , June 20, 2024 /PRNewswire/ -- Ryan Specialty Holdings Inc. (NYSE:RYAN) will replace Apartment Income REIT Corp. (NYSE:AIRC) in the S&P MidCap 400 effective prior to the opening of trading o...
TravelPerk buys US rival AmTrav, raises $135 million from Blackstone, BlueOwl
Avi Meir, TravelPerk's CEO and co-founder, discusses the company's acquisition of American competitor AmTrav and the broader state of play in the corporate travel market.
Japan e-comics platform Infocom says yet to decide on Blackstone takeover offer
Japanese digital comic distributor Infocom will announce its board's decision on a takeover bid from Blackstone once all its disclosure documents are ready, the company said on Tuesday.
Bank stocks and corporate bonds hold gains on flat inflation report and Fed update
Bank stocks held on to gains on Wednesday after the Federal Reserve kept rates steady and a tame monthly inflation gauge sparked optimism in the sector.
Blackstone Completes Acquisition of Tropical Smoothie Cafe
ATLANTA & NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone (“Blackstone”) have completed the acquisition of Tropical Smoothie Cafe, a lea...
Archer Review Unveils Cutting-Edge Products Catering to Every Stage of the Nurse Life Cycle
DALLAS--(BUSINESS WIRE)--Archer Review launches 3 new products to support nurses at every career stage: TEAS 7, FNP/AGNP, and a comprehensive Nursing School companion product.
Blackstone Real Estate and MRP Group Announce Commencement of an All-Cash Tender Offer for Terrafina
NEW YORK & MEXICO CITY--(BUSINESS WIRE)--Blackstone Real Estate and MRP Group, a developer, owner and operator of real estate in Mexico, today announced that a Mexican trust formed by their affiliates...
Blackstone's Meghji Sees Liquidity Returning to Real Estate
Nadeem Meghji, Blackstone's global co-head of real estate, sees high-quality real estate assets drawing more bidders than a few months ago. Speaking with Sonali Basak on Bloomberg Television, Meghji a...
SERVPRO Welcomes Rajkowski as Chief Marketing Officer
CMO Brings Track Record of Success in Marketing, Brand Strategy, Operations CMO Brings Track Record of Success in Marketing, Brand Strategy, Operations
UK's Vistry to build 1,750 homes in $742 mln deal with Blackstone, Regis
British housebuilder Vistry said on Tuesday it has agreed to terms with Blackstone Real Estate and Regis Group for the delivery of a portfolio of 1,750 new homes worth a gross development value of 580...
Breakingviews: Blackstone music deal can spare just a cent
Steve Schwarzman's buyout shop has perfected the art of the cap rate. But has it perfected the tune?
Blackstone raises Hipgnosis offer by a cent
Blackstone on Monday raised its offer for Hipgnosis Songs Fund by a cent to $1.31 per share, valuing the music rights owner of artists such as Shakira and Red Hot Chili Peppers at $1.58 billion.
Blackstone set to sweeten Hipgnosis offer as part of revised bid, FT reports
Blackstone will sweeten its offer for Hipgnosis Songs Fund by a cent to $1.31 from $1.30 as part of a revised bid, the Financial Times reported on Monday.
Blackstone to Present at Morgan Stanley's US Financials, Payments and CRE Conference
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) announced today that Stephen Schwarzman, Chairman, CEO and Co-Founder is scheduled to present at Morgan Stanley's US Financials, Payments and CRE Confer...
Blackstone executive says commercial real estate is bottoming
Blackstone's chief operating officer told analysts that now is the time to invest in commercial real estate because there are early signs of recovery.
Blackstone's Nadeem Meghji: Data centers are the most exciting asset class across our entire firm
Nadeem Meghji, global co-head at Blackstone Real Estate, joins 'Squawk on the Street' to discuss if data centers are the most interesting section of real estate, the states in the mix for data centers...
Blackstone Real Estate Sells Turtle Bay Resort
NEW YORK--(BUSINESS WIRE)--Blackstone Real Estate today announced that it has reached an agreement to sell Turtle Bay Resort for $725 million. Blackstone purchased the hotel in 2018 for $332 million a...
Blackstone is set to give workers a stake in the companies it buys
Blackstone is set to grant shares to workers at the businesses it buys, The Wall Street Journal reported. It's set to award stock to employees at Copeland, which it bought last year for $14 billion.
Blackstone to Grant Equity to Most Employees in Future U.S. Buyouts
The private-equity firm's plan is part of a broader movement in the buyout industry to expand ownership beyond management ranks.