Blackstone Inc. (BX)

NYSE: BX · IEX Real-Time Price · USD
131.37
+0.48 (0.37%)
At close: Mar 28, 2024, 4:00 PM
131.75
+0.38 (0.29%)
After-hours: Mar 28, 2024, 7:59 PM EDT
0.37%
Market Cap 159.65B
Revenue (ttm) 8.02B
Net Income (ttm) 1.39B
Shares Out 1.21B
EPS (ttm) 1.84
PE Ratio 71.40
Forward PE 25.89
Dividend $3.76 (2.86%)
Ex-Dividend Date Feb 2, 2024
Volume 3,107,449
Open 131.01
Previous Close 130.89
Day's Range 130.42 - 131.75
52-Week Range 79.29 - 133.56
Beta 1.50
Analysts Buy
Price Target 118.81 (-9.56%)
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]

Sector Financials
IPO Date Jun 22, 2007
Employees 4,735
Stock Exchange NYSE
Ticker Symbol BX
Full Company Profile

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 Statements

Analyst Forecast

According to 20 analysts, the average rating for BX stock is "Buy." The 12-month stock price forecast is $118.81, which is a decrease of -9.56% from the latest price.

Price Target
$118.81
(-9.56% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Rexford Industrial Acquires Blackstone Industrial Assets in Combined $1 Billion Investment

LOS ANGELES and NEW YORK , March 28, 2024 /PRNewswire/ -- Rexford Industrial Realty, Inc. ("Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in ...

Other symbols: REXR
13 hours ago - PRNewsWire

Moderna gets $750 mln funding from Blackstone Life Sciences to develop flu shots

Moderna said on Wednesday it has entered into an agreement with private equity firm Blackstone's life science investment platform for a funding of $750 million to develop its mRNA flu vaccines.

Other symbols: MRNA
1 day ago - Reuters

Blackstone Life Sciences Announces Collaboration to Support Moderna's Influenza Program

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) announced today a new collaboration with Moderna, Inc. (NASDAQ: MRNA, “Moderna”) through a development and commercialization funding agreement where fun...

Other symbols: MRNA
1 day ago - Business Wire

Blackstone, Qualcomm CEOs Meet Xi Jinping In Beijing Amid US-China Trade Tensions

Chinese President Xi Jinping met with a group of American business executives in Beijing on Wednesday as his government attempts to boost overseas investment in the country amid ongoing geopolitical a...

Other symbols: QCOM
1 day ago - Forbes

China: Xi Meets US CEOs from Blackstone, Qualcomm and More

China's President Xi Jinping met with a group of American business executives in Beijing on Wednesday. Participants to the meeting included Blackstone's Stephen Schwarzman and Qualcomm's Cristiano Amo...

Other symbols: QCOM
2 days ago - Bloomberg Markets and Finance

Blackstone eyes sale of Victor Allen's coffee owner Trilliant, sources say

Private equity firm Blackstone is considering a sale of Trilliant Food & Nutrition that could value the U.S. company behind the Victor Allen's and Aspen Ridge coffee brands at about $600 million inclu...

2 days ago - Reuters

Final Trades: Freeport-McMoran, Uber, Blackstone and Samsara

The Investment Committee give you their top stocks to watch for the second half.

Other symbols: FCXIOTUBER
7 days ago - CNBC Television

Blackstone's Gray on Opportunities in Real Estate, Fundraising, Fed Rates

Jonathan Gray, Blackstone president and COO, talks about where opportunities are in the real estate sector, the impact of interest rates, managing risk and the environment for fundraising. He speaks t...

14 days ago - Bloomberg Markets and Finance

Blackstone's Gray Sees Good Time to Move on Real Estate

Blackstone President Jon Gray sees a great opportunity to move fast and buy real estate assets at beaten-down prices, saying, “the perception is so negative and yet the value decline has occurred, so ...

14 days ago - Bloomberg Markets and Finance

SEC Charges Tallgrass Energy's Former Board Member Roy Cook and Four Others with Insider Trading in Advance of Blackstone Acquisition

Washington, D.C.--(Newsfile Corp. - March 12, 2024) - The Securities and Exchange Commission today announced insider trading charges against Roy Cook, a former board member of Tallgrass Energy LP, and...

16 days ago - Newsfile Corp

Aligned Data Centers and Blackstone Credit & Insurance Announce Financing Relationship

NEW YORK & DALLAS--(BUSINESS WIRE)--Blackstone Credit & Insurance (“BXCI”) and Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Da...

16 days ago - Business Wire

Blackstone Real-Estate Fund Fully Met Withdrawal Requests in February

The Blackstone Real Estate Income Trust received $961 million in withdrawal requests in February, down from $1.3 billion in January.

27 days ago - Barrons

Blackstone's BREIT Is No Longer Limiting Investor Redemptions

Nadeem Meghji, Blackstone Global Co-Head of real estate, says that BREIT was able to pay out 100% of redemption requests in February. For more on this story, please see: https://www.bloomberg.com/news...

27 days ago - Bloomberg Markets and Finance

TRICON RESIDENTIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Tricon Residential Inc. - TCN

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 Tricon Residenti...

Other symbols: TCN
4 weeks ago - Business Wire

Barclays to sell US credit card receivables worth $1.1 bln to Blackstone-managed group

Barclays said on Tuesday it has entered into an agreement with insurance accounts managed by Blackstone's asset-based finance group to sell about $1.1 billion worth of currently outstanding credit car...

Other symbols: BCS
4 weeks ago - Reuters

Barclays and Blackstone Credit & Insurance Agree to Sale of Credit Card Receivables

LONDON & NEW YORK--(BUSINESS WIRE)--Barclays PLC ("Barclays") and Blackstone Credit & Insurance (“Blackstone”) today announced that Barclays Bank Delaware ("BBDE") has entered into an agreement with i...

Other symbols: BCS
4 weeks ago - Business Wire

Blackstone Charitable Foundation Commitment in Texas Reaches $10 Million for Entrepreneurial Skills and Career Exposure

HOUSTON--(BUSINESS WIRE)--Blackstone today announced that the Blackstone Charitable Foundation has reached $10 million in funding in Texas through its signature program, LaunchPad. The program seeks t...

5 weeks ago - Business Wire

Blackstone may soon buy Sanofi's consumer health unit

Sanofi SA (EPA: SAN) is gaining at writing following a report that buyout firms have shown interest in buying its consumer health unit.

Other symbols: SNY
5 weeks ago - Invezz

Calls of the Day: Blackstone, FedEx and CrowdStrike

The “Halftime Report” Investment Committee debate the biggest analyst calls of the day, including Josh Brown's take on CrowdStrike as it clocks a new record high.

Other symbols: CRWDFDX
6 weeks ago - CNBC Television

Blackstone Announces Growth Investment in 7 Brew

NEW YORK & FAYETTEVILLE, Ark.--(BUSINESS WIRE)--Blackstone (NYSE:BX) today announced that Blackstone Growth and affiliated funds (collectively “Blackstone”) have made a growth equity investment in 7 B...

6 weeks ago - Business Wire

Global AI Arms Race Accelerates with Cutting-Edge Tech and Strategic Investments

FN Media Group Presents USA News Group News Commentary VANCOUVER, BC , Feb. 12, 2024 /PRNewswire/ --  USA News Group  - The world is undergoing a massive AI revolution, that according to analysts at M...

Other symbols: AAPLAISNOW
6 weeks ago - PRNewsWire

Short sellers boosted by ‘Hedge Fund Nirvana' that sees most heavily-shorted companies suffer

Hedge funds with long/short strategies have benefited in 2024 from a macroeconomic environment that has hit the most heavily shorted stocks particularly hard compared to their less shorted rivals, a n...

6 weeks ago - Market Watch

Blackstone to Present at the Bank of America Securities Financial Services Conference 2024

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) announced today that Michael Chae, Chief Financial Officer, is scheduled to present at the Bank of America Securities 2024 Financial Services Conference...

7 weeks ago - Business Wire

Blackstone, BNP Paribas team up over private debt fund for retail investors

Blackstone , the world's largest private equity firm, is partnering with BNP Paribas over a new fund financed by French individuals and aimed at investing in companies in private debt, the groups said...

7 weeks ago - Reuters

Blackstone's $80 Trillion Opportunity

It is September 2023. Blackstone's billionaire founder and CEO, Steve Schwarzman, is in Paris ming­ling with his senior European staff at a party to christen the private equity giant's new 26,000-squa...

7 weeks ago - Forbes