Blackstone Inc. (BX)
| Market Cap | 135.66B |
| Revenue (ttm) | 11.14B |
| Net Income (ttm) | 2.22B |
| Shares Out | 805.09M |
| EPS (ttm) | 2.94 |
| PE Ratio | 57.40 |
| Forward PE | 30.25 |
| Dividend | $3.44 (2.04%) |
| Ex-Dividend Date | Oct 28, 2024 |
| Volume | 2,893,434 |
| Open | 170.49 |
| Previous Close | 170.77 |
| Day's Range | 166.94 - 170.91 |
| 52-Week Range | 88.59 - 175.94 |
| Beta | 1.50 |
| Analysts | Buy |
| Price Target | 151.11 (-10.32%) |
| Earnings Date | Oct 17, 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 $7.68 billion, a decrease of -4.14% compared to the previous year's $8.02 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 $151.11, which is a decrease of -10.32% from the latest price.
News
Blackstone: Time To Take Profits
Blackstone reported strong 3Q24 results with profits up YoY, driven by asset management growth and asset inflows, reaching $1.1 trillion in AUM. Despite robust performance, Blackstone's valuation at 4...
If I Could Only Buy 3 REITs For The Next Year
Today's market environment is evolving very rapidly. It is time to review our Top Picks for 2025. Here are 3 REITs to buy for the next year.
Blackstone Analysts Increase Their Forecasts After Q3 Earnings
Blackstone Inc BX reported better-than-expected third-quarter financial results on Thursday.
Inside Blackstone's growing 'credit juggernaut'
Private lending is now Blackstone's largest business by assets, up 22% since last year. COO Jon Gray said it's "very early days" for the burgeoning business.
Blackstone Stock Hits Record High as Assets Under Management Jump
Blackstone (BX) shares soared to a record high Thursday after the world's largest alternative asset manager reported its profit skyrocketed as a result of bringing in more investments.
Blackstone Inc. (BX) Q3 2024 Earnings Call Transcript
Blackstone Inc. (NYSE:BX) Q3 2024 Earnings Conference Call October 17, 2024 9:00 AM ET Company Participants Weston Tucker - Head of Shareholder Relations Steve Schwarzman - Chairman and Chief Executi...
Blackstone Savors `Farm-to-Table' Private Credit Model
Blackstone Inc. President Jon Gray says it's inevitable that "some excess return'' comes out of private credit after boom times in that market. But with Blackstone's credit arm now its largest busines...
Blackstone shares up 7% as world's largest alternative asset manager beats Q3 earnings estimates
Blackstone shares surged by 7% on Thursday after the world's largest alternative investment firm reported impressive quarterly earnings that exceeded Wall Street expectations. The firm's assets under ...
Blackstone President Jon Gray on Q3 results: We're seeing a healing of capital markets
Blackstone President and COO Jon Gray joins "Squawk Box' to discuss the company's quarterly earnings results, what to expect in Q4, state of the economy, the Fed's rate path outlook, impact of the 202...
Blackstone Earnings Beat Estimates. CEO Cites a ‘Broad-Based Acceleration.
The money manager reports third-quarter distributable earnings of $1.01 per share, higher than Wall Street's call for 91 cents.
Blackstone tops profit estimate as its assets hit record, dealmaking picks up
Blackstone beat Wall Street's expectations on its key quarterly earnings metric on Thursday, as the world's largest alternative investment firm's assets under management (AUM) hit a record $1.1 trilli...
Top Income Stocks Offering Big Dividend Yields and Future Growth
Combining growth and income can be extremely valuable when investing in the stock market. While dividends can provide a stable and consistent stream of cash, the potential for growth can lead to capit...
Blackstone to invest $8.2 bln in data centres in northeastern Spain
Blackstone , the world's largest alternative asset manager, plans to invest 7.5 billion euros ($8.2 billion) to develop data centres in Spain's Aragon, boosting the region's growing status as a major ...
Bausch + Lomb Sale Process Gains Momentum As TPG And Blackstone Join Forces
Private equity firms TPG and Blackstone are joining forces in a bid to acquire eye care company Bausch + Lomb BLCO, the Financial Times reported.
2 REITs To Buy After The Rally
REITs have surged in the recent month. But opportunities remain abundant. I present 2 REITs that are still deeply undervalued.
Calls of the Day: Royal Caribbean, General Motors, Blackstone, Valero, Lowe's and the IAK
The Investment Committee debate the latest Calls Of The Day.
This FactSet Research Analyst Turns Bearish; Here Are Top 4 Downgrades For Wednesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
8 High Yields For A Big Dividend Snowball
Building a dividend snowball is a great way to compound wealth over the long term and achieve financial freedom. We discuss eight great candidates for building a big dividend snowball. These stocks co...
Blackstone seeks to raise at least $10 bln in new Asia PE fund, sources say
Blackstone Inc , the world's largest alternative asset manager, has started raising its third Asia-focused private equity (PE) fund, targeting at least $10 billion, two people with knowledge of the si...
Hurricane Helene: REIT Property Damage Report
Hurricane Helene caused significant flooding in Ashville, NC, and Atlanta, GA, impacting numerous REIT-owned properties, but the financial impact on REITs is likely less severe than it appears. REITs ...
Buy The Dip: 10% Yields Getting Way Too Cheap
The high-yield space has undergone a sharp bifurcation recently. We discuss what this bifurcation is and what is driving it. We discuss two quality and growing 10%-yields that are way too cheap right ...
Blackstone To Invest $13 Billion In AI Data Center In U.K.
Blackstone has committed to investing £10 billion ($13.4 billion) in the U.K. to build one of Europe's largest artificial intelligence data centers, Britain's government has announced.
3 BDCs Positioned To Successfully Navigate A Recession
The Fed's 50 basis points rate cut signals a potential recession, urging long-term investors to focus on quality companies with strong fundamentals. Blackstone Secured Lending, Ares Capital, and Golub...
Blackstone confirms $13 bln investment in Britain for AI data centre
Private equity giant Blackstone has confirmed a 10 billion pound ($13.32 billion) investment for an artificial intelligence data centre in the north east of England, the British prime minister's offic...