Blackstone Inc. (BX)

NYSE: BX · IEX Real-Time Price · USD
140.91
+4.50 (3.30%)
Jul 19, 2024, 11:57 AM EDT - Market open
3.30%
Market Cap 170.12B
Revenue (ttm) 10.33B
Net Income (ttm) 2.15B
Shares Out 1.21B
EPS (ttm) 2.83
PE Ratio 49.19
Forward PE 26.44
Dividend $3.32 (2.41%)
Ex-Dividend Date Apr 26, 2024
Volume 2,290,160
Open 138.29
Previous Close 136.41
Day's Range 136.68 - 141.14
52-Week Range 88.59 - 141.23
Beta 1.49
Analysts Buy
Price Target 123.74 (-12.19%)
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]

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 21 analysts, the average rating for BX stock is "Buy." The 12-month stock price forecast is $123.74, which is a decrease of -12.19% from the latest price.

Price Target
$123.74
(-12.19% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Blackstone's Private-Equity Returns Trailing the S&P 500

Blackstone said its corporate private-equity returns in the year ending in June were 11.3%. That compares to a 24.5% total return for the S&P 500.

18 hours ago - Barrons

Fed's 'medicine is working,' Blackstone COO says

Shares of Blackstone (BX) are rising after the company posted its second quarter earnings, with the firm missing out on profit expectations but did increase the pace of investments. Blackstone Preside...

19 hours ago - Yahoo Finance

Blackstone is doubling down on its efforts to woo the wealthy with 2 new funds, flying in the face of BREIT critics

Blackstone is launching two new funds for wealthy individual investors in credit and infrastructure. Blackstone's largest fund for individual investors, BREIT, has come under fire from critics.

20 hours ago - Business Insider

BlackStone's Gray Hopes Biden Weighs ‘Physical Toll' of Four More Years

Jon Gray, Blackstone COO and a Democrat donor, said of President Joe Biden, “I would hope he considers the really extreme physical toll of this job, I should say, over the next four and a half years.”...

1 day ago - Bloomberg Markets and Finance

Blackstone President Jon Gray on Q2 results: See a bunch of positive forward indicators

Blackstone president and COO Jon Gray joins 'Squawk Box' to discuss the company's quarterly earnings results, the real estate market, state of the economy, the Fed's interest rate outlook, 2nd half ou...

1 day ago - CNBC Television

Blackstone posts modest Q2 profit jump on private equity, credit gains

Blackstone said on Thursday its second-quarter distributable earnings rose 3% from a year earlier, as a jump in asset sales in its private equity and credit divisions more than offset a slump in its r...

1 day ago - Reuters

Earnings Exchange: D.R. Horton, Blackstone, & Domino's Pizza

Gina Sanchez, Lido Advisors chief market strategist, joins CNBC's 'The Exchange' to discuss three stocks.

Other symbols: DHIDPZ
1 day ago - CNBC Television

Blackstone to Acquire Trystar, Premier Provider of Backup Power Solutions

NEW YORK & FARIBAULT, Minn.--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone (“Blackstone”) entered into a definitive agreement to acquire T...

3 days ago - Business Wire

Air Control Concepts Announces Investment from Blackstone

NORFOLK, Va.--(BUSINESS WIRE)--Air Control Concepts (“AIR”), previously known as Hobbs & Associates, a company that partners with and supports leading commercial HVAC equipment manufacturers, announce...

4 days ago - Business Wire

Spain's Enagas to sell 30.2% stake in US Tallgrass to Blackstone for $1.1 bln

Spanish gas grid operator Enagas said on Wednesday it has agreed to sell its 30.2% stake in U.S. energy infrastructure company Tallgrass Energy to U.S. investment firm Blackstone for $1.1 billion.

9 days ago - Reuters

Blackstone taps Citi veteran Tyler Dickson for a key role in credit business

Blackstone Inc has hired Tyler Dickson, the former global head of investment banking at Citigroup, to lead client relations for its credit and insurance unit, the private equity firm said on Tuesday.

9 days ago - Reuters

Blackstone Credit & Insurance (BXCI) Appoints Tyler Dickson as Global Head of Client Relations

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that Tyler Dickson, formerly Global Head of Investment Banking and Vice Chair of Banking & International at Citi, will join Blackstone ...

9 days ago - Business Wire

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.

16 days ago - Reuters

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...

17 days ago - Reuters

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...

21 days ago - Business Wire

Calls of the Day: Home Depot, Accenture, Shopify, Blackstone & Caterpillar

The Investment Committee discuss the latest Calls of the Day.

Other symbols: ACNCATHDSHOP
22 days ago - CNBC Television

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.

Other symbols: SNY
23 days ago - Benzinga

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 ...

23 days ago - Reuters

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...

Other symbols: AIRCRYAN
4 weeks ago - PRNewsWire

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.

4 weeks ago - CNBC International TV

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.

4 weeks ago - Reuters

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.

5 weeks ago - Market Watch

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...

5 weeks ago - Business Wire

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.

5 weeks ago - Business Wire

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...

Other symbols: BXMT
5 weeks ago - Business Wire