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Blackstone (BX) Stock Price, News & Analysis

$167.50
-2.16 (-1.27%)
(As of 10/25/2024 ET)

About Blackstone Stock (NYSE:BX)

Key Stats

Today's Range
$167.08
$171.17
50-Day Range
$132.95
$172.35
52-Week Range
$88.59
$175.94
Volume
2.83 million shs
Average Volume
3.45 million shs
Market Capitalization
$119.70 billion
P/E Ratio
63.93
Dividend Yield
2.05%
Price Target
$155.38
Consensus Rating
Hold

Company Overview

Blackstone Inc. is a leading American alternative investment management company headquartered in New York City. Founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers, Blackstone has emerged as a global powerhouse in the investment industry. The company operates through various business segments, including private equity, real estate, credit, hedge funds, infrastructure, secondaries, and growth equity.

The company's mission is to create long-term value for its investors, partners, and clients by leveraging its deep industry expertise and global network. Blackstone focuses on delivering exceptional risk-adjusted returns by investing across a range of asset classes and geographies.

Blackstone's key products and services span multiple sectors. In private equity, the company specializes in leveraged buyouts, minority investments, corporate partnerships, and industry consolidations. The real estate division actively acquires and manages commercial properties, while the credit segment focuses on debt investments, mezzanine funds, and closed-end mutual funds. Blackstone's hedge funds offer investment opportunities across different strategies, and the infrastructure division targets infrastructure-related assets. 

The company primarily caters to institutional investors such as pension funds, insurance companies, endowments, high-net-worth individuals, and sovereign wealth funds. Blackstone's key customers are sophisticated investors seeking attractive risk-adjusted returns and diversification across asset classes. With a track record of successful investments, the company has earned the trust of its clients and established itself as a leader in the alternative investment space.

Blackstone boasts a highly experienced and talented management team that drives the company's success. At the helm is Chairman, Chief Executive Officer, and Co-founder Stephen A. Schwarzman, a visionary leader who has played a pivotal role in shaping the company's growth strategy. Schwarzman brings extensive industry knowledge and a deep understanding of global markets to his role. Assisting Schwarzman is President and Chief Operating Officer Jonathan D. Gray, who has been instrumental in expanding Blackstone's real estate business and driving its investment performance. With a strong background in finance, Gray has been a key driver of the company's growth and strategic initiatives.

Blackstone has consistently demonstrated mixed financial results, as indicated by its revenue growth over the past few years. This may indicate the company's inability to consistently identify attractive investment opportunities and generate value for its investors. Additionally, Blackstone's earnings metrics indicate it has successfully generated profits and may have identified long-term value-creation opportunities.

The company's profit margin metrics indicate efficient cost management and the ability to generate an average return on its investments. Blackstone's prudent approach to managing debt ensures a healthy financial position, maintaining a balanced capital structure and mitigating the risks associated with excessive leverage.

Valuation is an essential consideration for investors, and comparing Blackstone's valuation metrics to industry peers helps assess its relative attractiveness. The company's strong track record, diversified investment portfolio, and consistent returns drive its valuation. It is important to note that changes in investor sentiment, market conditions, and the regulatory environment can impact Blackstone's valuation.

Blackstone is a leading alternative investment management company in a dynamic and competitive industry. A comprehensive analysis of the broader industry in which Blackstone operates is vital to understand the company's competitive positioning. The company has established a strong reputation and competitive advantage through its deep industry expertise, global network, and track record of successful investments. This positions Blackstone favorably in the industry, enabling it to source attractive investment opportunities and deliver value to its clients.

Blackstone is well-positioned to capitalize on various growth opportunities within the alternative investment landscape. The company's strong financial position, global network, and experienced team enable it to identify and pursue compelling investment opportunities. Blackstone's competitive advantages, including its deep industry knowledge, extensive resources, and established relationships, support its ability to drive growth and generate attractive risk-adjusted returns for its investors.

While Blackstone has a successful track record, it is not immune to risks and challenges. Potential risks include market volatility, economic downturns, regulatory changes, and unexpected events impacting the industries in which the company invests. Blackstone's risk management strategies and expertise in risk assessment help mitigate these potential challenges. Additionally, the company's broad investment portfolio and diversified approach provide some level of protection against specific risks.

Blackstone Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
92nd Percentile Overall Score

BX MarketRank™: 

Blackstone scored higher than 92% of companies evaluated by MarketBeat, and ranked 123rd out of 932 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Blackstone has received a consensus rating of Hold. The company's average rating score is 2.32, and is based on 6 buy ratings, 13 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Blackstone has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Blackstone's stock forecast and price target.
  • Earnings Growth

    Earnings for Blackstone are expected to grow by 34.08% in the coming year, from $4.46 to $5.98 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Blackstone is 63.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.42.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Blackstone is 63.93, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 42.40.

  • Price to Earnings Growth Ratio

    Blackstone has a PEG Ratio of 1.24. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Blackstone has a P/B Ratio of 7.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Blackstone's valuation and earnings.
  • Percentage of Shares Shorted

    2.41% of the outstanding shares of Blackstone have been sold short.
  • Short Interest Ratio / Days to Cover

    Blackstone has a short interest ratio ("days to cover") of 5.3.
  • Change versus previous month

    Short interest in Blackstone has recently decreased by 4.61%, indicating that investor sentiment is improving.
  • Dividend Yield

    Blackstone pays a meaningful dividend of 1.95%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Blackstone does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Blackstone is 121.55%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Blackstone will have a dividend payout ratio of 57.53% next year. This indicates that Blackstone will be able to sustain or increase its dividend.

  • Read more about Blackstone's dividend.
  • Percentage of Shares Shorted

    2.41% of the outstanding shares of Blackstone have been sold short.
  • Short Interest Ratio / Days to Cover

    Blackstone has a short interest ratio ("days to cover") of 5.3.
  • Change versus previous month

    Short interest in Blackstone has recently decreased by 4.61%, indicating that investor sentiment is improving.
  • News Sentiment

    Blackstone has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 22 news articles for Blackstone this week, compared to 14 articles on an average week.
  • Search Interest

    57 people have searched for BX on MarketBeat in the last 30 days. This is an increase of 24% compared to the previous 30 days.
  • MarketBeat Follows

    21 people have added Blackstone to their MarketBeat watchlist in the last 30 days. This is an increase of 320% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Blackstone insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $22,172,423.00 in company stock.

  • Percentage Held by Insiders

    Only 1.00% of the stock of Blackstone is held by insiders.

  • Percentage Held by Institutions

    70.00% of the stock of Blackstone is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Blackstone's insider trading history.

BX Stock News Headlines

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Blackstone in talks to acquire EQT pipeline interests for $3.5B, Reuters says
Blackstone: Time To Take Profits
TD Cowen Boosts Blackstone (NYSE:BX) Price Target to $149.00
Blackstone Group (BX) Receives a Rating Update from a Top Analyst
See More Headlines

BX Stock Analysis - Frequently Asked Questions

Blackstone's stock was trading at $130.92 on January 1st, 2024. Since then, BX stock has increased by 27.9% and is now trading at $167.50.
View the best growth stocks for 2024 here
.

Blackstone Inc. (NYSE:BX) announced its quarterly earnings data on Thursday, July, 18th. The asset manager reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $0.99 by $0.03. The firm's revenue for the quarter was up 166.9% compared to the same quarter last year.

Blackstone subsidiaries include American Campus Communities, ASK Investment Managers, International Data Group, Sphera, QTS Realty Trust, Ellucian, Bourne Leisure, and more.

Top institutional investors of Blackstone include International Assets Investment Management LLC (0.59%), Raymond James & Associates (0.18%), Douglas Lane & Associates LLC (0.10%) and First Financial Bankshares Inc (0.10%). Insiders that own company stock include Tactical Opportunit Blackstone, Altus Holdings Lp Gso, Holdings LP Blackstone III, Joseph Baratta, John G Finley, David Payne, Holdings I/Ii Gp L Blackstone, James Breyer, Ruth Porat, William G Parrett, Reginald J Brown, Bx Buzz Ml-1 Gp Llc, Lower Holdings LP Juno, Holdings LP Blackstone II, Multi-Asset Direct Blackstone and Hamilton E James.
View institutional ownership trends
.

Shares of BX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Blackstone investors own include Symbotic (SYM), JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Apollo Global Management (APO), NVIDIA (NVDA), Meta Platforms (META), AT&T (T) and JPMorgan Chase & Co. (JPM).

Company Calendar

Last Earnings
7/18/2024
Ex-Dividend for 8/5 Dividend
7/29/2024
Dividend Payable
8/05/2024
Today
10/26/2024
Ex-Dividend for 11/4 Dividend
10/28/2024
Dividend Payable
11/04/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/23/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
Trading
Employees
4,735
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$155.38
High Stock Price Target
$192.00
Low Stock Price Target
$127.00
Potential Upside/Downside
-7.2%
Consensus Rating
Hold
Rating Score (0-4)
2.32
Research Coverage
19 Analysts

Profitability

Net Income
$1.39 billion
Pretax Margin
42.29%

Debt

Sales & Book Value

Annual Sales
$9.33 billion
Cash Flow
$4.80 per share
Book Value
$23.78 per share

Miscellaneous

Free Float
712,876,000
Market Cap
$119.70 billion
Optionable
Optionable
Beta
1.51

Social Links


This page (NYSE:BX) was last updated on 10/26/2024 by MarketBeat.com Staff
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