BX - The Blackstone Group L.P.

NYSE - Nasdaq Real-time price. Currency in USD
36.14
+0.75 (+2.12%)
As of 10:19AM EST. Market open.
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Previous close35.39
Open35.78
Bid35.93 x 300
Ask35.95 x 800
Day's range35.32 - 36.15
52-week range28.45 - 36.15
Volume2,373,156
Avg. volume4,142,493
Market cap42.899B
Beta1.15
PE ratio (TTM)15.60
EPS (TTM)2.32
Earnings date1 Feb 2018
Forward dividend & yield1.76 (4.97%)
Ex-dividend date2017-10-27
1y target est40.63
Trade prices are not sourced from all markets
  • Studzinski Says M&A Is Never Driven by Exchange Rates, Interest Rates
    Bloomberg Videoyesterday

    Studzinski Says M&A Is Never Driven by Exchange Rates, Interest Rates

    Jan.15 -- John Studzinski, vice chairman at Blackstone, discusses the outlook for mergers and acquisitions. He speaks with Tom Keene on "Bloomberg Surveillance."

  • Blackstone Taps Beer Kegs to Entice Millennials
    Bloomberg Video11 days ago

    Blackstone Taps Beer Kegs to Entice Millennials

    Jan.05 -- Bloomberg Businessweek's Prashant Gopal discusses how Blackstone Group LP is attempting to woo millennials. He speaks with Bloomberg's Julia Chatterley and Scarlet Fu on "Bloomberg Markets."

  • Celanese Gives Key Updates on Joint Venture with Blackstone
    Market Realist2 hours ago

    Celanese Gives Key Updates on Joint Venture with Blackstone

    On January 8, 2018, Celanese (CE) confirmed that it had received the statement of objections from the European Commission on its joint venture with Blackstone (BX) to form a new acetate tow supplier. Celanese mentioned it as a standard review procedure of a phase two investigation. Celanese said it would work closely with the European Commission for successful closure of the joint venture.

  • Berkshire’s Cash Flow Generation to Rise in 4Q17
    Market Realist3 hours ago

    Berkshire’s Cash Flow Generation to Rise in 4Q17

    What's Expected to Drive Berkshire Hathaway's 4Q17 Performance

  • Berkshire’s Payouts Are Expected to Remain Weak
    Market Realistyesterday

    Berkshire’s Payouts Are Expected to Remain Weak

    Berkshire Hathaway (BRK.B) is sitting on a cash pile of $100 billion. Whereas the company had long kept a policy of no dividends, repurchases, or stock splits, Buffett and Munger altered their strategies to accommodate repurchases for the first time in 2011. Berkshire has agreed to do buybacks at a premium of not more than 20% for Class A and B shares through open-market or privately negotiated transactions.

  • Berkshire’s Service and Retail Business Could See Strong Growth
    Market Realistyesterday

    Berkshire’s Service and Retail Business Could See Strong Growth

    What's Expected to Drive Berkshire Hathaway's 4Q17 Performance

  • Reuters - UK Focusyesterday

    MOVES-StanChart's Kheraj to chair Rothesay Life

    By Christopher Spink LONDON, Jan 15 - Naguib Kheraj, who used to run JP Morgan Cazenove, has been appointed chairman of bulk annuity provider Rothesay Life. Kheraj quit as chief executive of JP Morgan ...

  • Reuters4 days ago

    Deals of the day-Mergers and acquisitions

    ** U.S. mail management company Pitney Bowes Inc has received takeover interest from private equity firms Blackstone Group LP and Carlyle Group LP, according to the Financial Times, citing a Bloomberg report.

  • Oil Prices and Energy Consumption Key for Berkshire in 4Q17
    Market Realist4 days ago

    Oil Prices and Energy Consumption Key for Berkshire in 4Q17

    What's Expected to Drive Berkshire Hathaway's 4Q17 Performance

  • The Wall Street Journal5 days ago

    [$$] Hedge Fund Sues Hovnanian Over Blackstone Lending Deal

    Solus Alternative Asset Management sued home builder Hovnanian Enterprises to challenge a financing deal that could put the hedge fund on the hook for credit default swap payments to the lender, Blackstone ...

  • Hedge Fund Sues Hovnanian, Blackstone’s GSO Over ‘Manipulation’
    Bloomberg5 days ago

    Hedge Fund Sues Hovnanian, Blackstone’s GSO Over ‘Manipulation’

    Hedge fund Solus Alternative Asset Management has filed a lawsuit against homebuilder Hovnanian Enterprises Inc. and Blackstone’s GSO Capital Partners, accusing them of manipulating the credit-default ...

  • More than 100 CEOs pressure Congress to pass immigration bill by shutdown deadline
    CNBC6 days ago

    More than 100 CEOs pressure Congress to pass immigration bill by shutdown deadline

    IBM, General Motors, Facebook and Target among companies calling for a solution for "Dreamers."

  • Blackstone Agrees to $1.1 Billion Deal for Maui Resort
    Bloomberg6 days ago

    Blackstone Agrees to $1.1 Billion Deal for Maui Resort

    Blackstone Group LP reached an agreement to acquire a luxury resort on the Hawaiian island of Maui for about $1.1 billion, according to a person with knowledge of the deal.

  • Ex-State Treasurer Cowell Named CEO of Girls Who Invest
    Bloomberg6 days ago

    Ex-State Treasurer Cowell Named CEO of Girls Who Invest

    North Carolina’s former state treasurer was named chief executive officer of Girls Who Invest, the nonprofit that’s sent recruits to Blackstone Group LP, Carlyle Group LP and other big investment firms....

  • Reuters7 days ago

    Deals of the day-Mergers and acquisitions

    ** Continental AG is still looking at its corporate structure as part of a review launched more than a year ago, a source close to the matter said after a media report on a possible breakup of the car parts maker pushed its shares to a record high. ** French online shoe and fashion retailer Spartoo has entered exclusive negotiations to buy rival shoe brand Andre from debt-laden clothing retailer Vivarte, the company said. ** Dubai real estate developer Union Properties is in the final stage of selling its entire stake in Emicool, a district cooling service provider, the company said.

  • The Wall Street Journal7 days ago

    [$$] Blackstone’s Latest Acquisition Target: Your Insurer’s Money

    Blackstone Group is turning to a New York Life Insurance executive to pursue at least $100 billion in assets from insurance companies, part of a larger push by the Wall Street giant to broaden its customer ...

  • One of the Most Valued Private Equity Firms Isn't on Wall Street
    Bloomberg7 days ago

    One of the Most Valued Private Equity Firms Isn't on Wall Street

    Talk about the titans of private equity and you’ll probably think Blackstone Group LP, KKR & Co. or Carlyle Group LP.

  • Blackstone's new insurance unit targets $100 billion in assets
    Reuters8 days ago

    Blackstone's new insurance unit targets $100 billion in assets

    Blackstone recruited Chris Blunt, the former president of New York Life's [NYLIN.UL] investments group, to run Blackstone Insurance Solutions, a new business formed late last year when Blackstone agreed to oversee $22 billion from Fidelity & Guaranty Life [FGLH.UL]. Blackstone declined to give a time frame for the target.

  • Reuters8 days ago

    Blackstone's new insurance unit targets $100 billion in assets

    Blackstone recruited Chris Blunt, the former president of New York Life's [NYLIN.UL] investments group, to run Blackstone Insurance Solutions, a new business formed late last year when Blackstone agreed to oversee $22 billion from Fidelity & Guaranty Life [FGLH.UL]. Blackstone declined to give a time frame for the target.

  • Business Wire8 days ago

    Blackstone Hires Former New York Life Investments Group President Chris Blunt to Lead New Blackstone Insurance Solutions Business

    Blackstone today announced that Chris Blunt, former President of New York Life’s Investments Group, will join the firm as a Senior Managing Director and Chief Executive Officer of Blackstone Insurance Solutions – a newly formed business that delivers Blackstone’s investment management expertise and products to insurance companies, helping those firms meet long-term policyholder obligations and drive ...

  • Landlords Woo Startups With Built-In Clubs and Office Beers
    Bloomberg11 days ago

    Landlords Woo Startups With Built-In Clubs and Office Beers

    Stodgy office towers around the U.S. are getting millennial-friendly makeovers.

  • Reuters11 days ago

    Global distressed-debt funds circle China again, eye $256 billion bad-loans market

    Global distressed-debt specialists are stepping up their dealmaking in China after a decade, betting that the country is becoming serious about developing a market to tackle its $256 billion of official non-performing loans (NPLs). Groups such as Blackstone Group LP and Bain Capital Credit LP made their first investments in recent months, amid surging write-offs by banks and indications that China's commercial bad loans market is set to deepen. Oaktree Capital Group LLC last month agreed to buy a portfolio of distressed loans with a face value of 3.1 billion yuan ($476.70 million), its fifth deal, according to Tony Rao, a partner with law firm Alpha & Leader, which helped provide due diligence on the deal.

  • Reuters - UK Focus12 days ago

    UK social housing deal with private equity giant sparks fears for tenants

    Private equity (IOB: 0QLS.IL - news) giant Blackstone (NYSE: BX - news) has struck a deal with UK social housing association Sage, sparking fears from campaigners that it will price out low-earning, elderly and sick tenants. New York-based Blackstone, which owns the largest home rental company in the United States, will fund for-profit housing association Sage to buy affordable homes from private developers, property magazine Estates Gazette said. "(Blackstone and Sage's) purely profit motive is contrary to the social purpose objectives of most traditional housing associations," said Tom Murtha, co-founder of SHOUT, which campaigns for more investment in social housing.

  • This High-Yield Stock Had a Nearly Disastrous 2017 (but 2018 Should be Much Better)
    Motley Fool12 days ago

    This High-Yield Stock Had a Nearly Disastrous 2017 (but 2018 Should be Much Better)

    After shedding a quarter of its value because of financing concerns, this pipeline company could rebound big-time this year.

  • Reuters - UK Focus12 days ago

    Oil hits highest since 2015 as Iran unrest spooks market

    Oil rose on Thursday to its highest since May 2015 on concern about supply risks due to unrest in Iran and additional support from OPEC-led output cuts and demand-boosting cold weather in the United States. Anti-government protests since last week in OPEC's third-largest producer have added a geopolitical risk premium to oil prices, though Iran's production and exports have not been affected. Brent crude, the international benchmark, rose 5 cents to $67.89 a barrel as of 11:43 a.m. EST (1643 GMT) after hitting a high of $68.27 earlier in the session.

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