Blackstone Inc. (BX)
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]
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 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.
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 ...
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.
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...
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...
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...
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...
Final Trades: Freeport-McMoran, Uber, Blackstone and Samsara
The Investment Committee give you their top stocks to watch for the second half.
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...
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 ...
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...
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...
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.
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...
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...
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...
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...
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...
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.
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.
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...
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...
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...
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...
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...
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...