BX - The Blackstone Group L.P.

NYSE - NYSE Delayed Price. Currency in USD
32.54
+0.10 (+0.31%)
At close: 4:01PM EDT
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Previous close32.44
Open32.59
Bid0.00 x 3000
Ask32.80 x 1000
Day's range32.36 - 32.76
52-week range29.57 - 37.52
Volume5,236,445
Avg. volume4,290,615
Market cap38.739B
Beta1.58
PE ratio (TTM)16.70
EPS (TTM)1.95
Earnings date19 Jul 2018
Forward dividend & yield2.18 (6.55%)
Ex-dividend date2018-04-27
1y target est39.83
Trade prices are not sourced from all markets
  • Business Wire23 hours ago

    Blackstone Announces Second Quarter 2018 Investor Call

    Blackstone announced today that it will host its second quarter 2018 investor conference call on Thursday, July 19, 2018 at 11:00 a.m. ET. You can listen to the call by dialing +1  391-6747 (U.S.

  • Business Wire23 hours ago

    Blackstone Announces Second Quarter 2018 Media Call

    Blackstone announced today that it will host a conference call for the media on Thursday, July 19, 2018 at 9:30 a.m. ET to review second quarter 2018 results.

  • Reutersyesterday

    Deals of the day-Mergers and acquisitions

    (Adds Advent International, EchoStar, Steinhoff, Abu Dhabi National Oil Co) June 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday: ** Brazil's ...

  • Business Wire2 days ago

    Blackstone Announces Additional Senior Hires for New Blackstone Insurance Solutions Business

    Blackstone (BX) today announced two new, additional senior hires in the firm’s Blackstone Insurance Solutions (BIS) group. Erich Schram, former Chief Investment Officer at Guggenheim Life and Annuity Company, has joined as Senior Managing Director, Head of Credit Origination and Trading, and Kevin Relihan, who was a Managing Director in Goldman Sachs Asset Management’s Insurance business, will join BIS as Managing Director, Head of Relationship Management.

  • Financial Times2 days ago

    [$$] Ambitious Wealth: when philanthropy goes wrong

    As the founder of Blackstone, the world’s largest private equity group, Stephen Schwarzman is a consummate dealmaker, so he knows the difference between tangible and intangible assets. When it comes to takeovers, Blackstone does not get to buy a company for the price of its “property, plant and equipment” alone. There is a premium to pay for the intangible assets: the perceived value of an institution’s history, people and potential.

  • Barrons.com3 days ago

    Solus Made Money From That CDS Litigation

    The dust is settling from a nasty hedge fund battle over credit-default swaps, enough that observers can now figure out who eked out a profit. The background: GSO Capital Partners, the credit hedge fund within Blackstone Group (BX), bought CDS tied to the debt of home builder Hovnanian Enterprises (HOV). The price of the cheapest outstanding bond set the price for the CDS, which GSO controlled by building supercheap debt. Solus Alternative Asset Management held the opposite position in CDS, and so would have had to pay up, should the CDS be triggered.

  • PSAV® Announces Agreement to be Acquired by Blackstone
    Business Wire4 days ago

    PSAV® Announces Agreement to be Acquired by Blackstone

    PSAV, a global leader in event experiences, announced today that it has entered into a definitive agreement to be acquired by private equity and real estate funds affiliated with Blackstone (BX) ("Blackstone") from affiliates of Goldman Sachs (GS) and Olympus Partners. PSAV delivers on its purpose of connecting and inspiring people by creating impactful event experiences. Through its deep expertise in creative, production, advanced technology and staging services, PSAV is an invaluable partner to meeting and event planners.

  • WF or BX: Which Is the Better Value Stock Right Now?
    Zacks4 days ago

    WF or BX: Which Is the Better Value Stock Right Now?

    WF vs. BX: Which Stock Is the Better Value Option?

  • The Wall Street Journal5 days ago

    [$$] LaSalle Commits to Blackstone Deal Over Pebblebrook Proposal

    on Monday reiterated its commitment to a deal with Blackstone Group LP, saying the private-equity firm’s roughly $3.7 billion purchase offer it accepted last month is in the best interest of shareholders. on June 11 wasn’t a “superior proposal.” The board said that Pebblebrook’s proposal, which includes an 80% stock consideration, “doesn’t address significant price risks and uncertainties for LaSalle shareholders.” LaSalle owns 41 hotels offering a total of 10,400 guest rooms. Under the deal LaSalle and Blackstone reached last month, Blackstone would acquire LaSalle’s outstanding shares for $33.50 each.

  • What Were Tiger Management’s Top Holdings in Q1 2018?
    Market Realist5 days ago

    What Were Tiger Management’s Top Holdings in Q1 2018?

    Julian Robertson is the founder and chair of Tiger Management. In the previous part of this series, we discussed that he has an optimistic outlook on the US technology sector (QQQ) and the US financial sector. In this part, we’ll look at Tiger Management’s top buys in the first quarter of 2018.

  • The Wall Street Journal9 days ago

    [$$] Blackstone to Exit Intelenet Investment

    French company Teleperformance SE agreed to buy the Mumbai-based provider of business process outsourcing and contact center services.

  • Business Wire9 days ago

    Agreement by Teleperformance to Acquire Intelenet from Blackstone

    Teleperformance (TEP.PA), the worldwide leader in outsourced omnichannel customer experience management, today announced that it has entered into a definitive agreement to acquire Intelenet from Blackstone (BX), a leading global alternative asset manager. Intelenet is a major global provider of high-end omnichannel customer experience management, back-office, human resources and financial & administration services. The company has more than 110 blue chip clients worldwide, mostly in the English-speaking market, India and the Middle East.

  • Reuters10 days ago

    Deals of the day-Mergers and acquisitions

    ** Comcast Corp offered $65 billion for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration's attempt to block a merger with Time Warner Inc. ** AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion, rebuffing an attempt by U.S. President Donald Trump's administration to block the deal and likely setting off a wave of corporate mergers.

  • Reuters10 days ago

    Blackstone raises $9.4 bln for Asia real estate, private equity funds

    Blackstone Group LP said it has raised about $9.4 billion for two new funds - the largest-ever fund dedicated to real estate investments in Asia as well as its first private equity fund for the region. The funds add to a massive industry-wide pool of money for Asian acquisitions and investments, with investors attracted by rapid economic growth compared to other major markets.

  • Business Wire11 days ago

    Blackstone Capital Partners Asia Closes First Fund at Approximately $2.3B

    Blackstone today announced that it has held its final close on its first Asian private equity fund, Blackstone Capital Partners Asia , reaching its hard cap. Together with commitments from Blackstone and its affiliates, BCP Asia has approximately $2.3B of capital commitments.

  • Business Wire11 days ago

    Blackstone Real Estate Partners Asia Closes Second Fund at Approximately $7.1B

    Blackstone today announced that it has held its final close on its second Asian opportunistic real estate fund, Blackstone Real Estate Partners Asia II , reaching its hard cap.

  • The Wall Street Journal11 days ago

    [$$] Blackstone Triples REIT’s Fundraising Goal

    Blackstone Group LP is tripling the fundraising goal for the nontraded real-estate investment trust it launched last year, breathing new life into an industry that hit the skids about four years ago following a flurry of bad publicity. In a new registration statement filed Tuesday with the Securities and Exchange Commission, Blackstone Real Estate Income Trust said it planned to raise another $10 billion on top of the $5 billion the trust said it would raise in its initial filing. The new registration is necessary because BREIT has been selling shares at such a high rate the first $5 billion would likely be all sold out before the end of 2018.

  • The Wall Street Journal11 days ago

    [$$] Activist HG Vora Calls Pebblebrook's Revised Offer for LaSalle Hotel 'Superior'

    , which owns 6,973 guest rooms across 28 hotels, on Monday raised its offer to buy LaSalle to about $4.17 billion as it works to thwart an agreement the hotelier reached last month with private-equity firm Blackstone Group LP. On Tuesday, HG Vora Managing Member Parag Vora wrote in a letter to LaSalle’s board that Pebblebrook’s offer is a “superior proposal” compared with the agreement between LaSalle and Blackstone. LaSalle, which owns 41 hotels offering a total of 10,400 guest rooms, declined to comment on HG Vora’s letter Tuesday.

  • Pebblebrook Raises Bid for LaSalle Buyout, Keeps Battle Alive
    Zacks11 days ago

    Pebblebrook Raises Bid for LaSalle Buyout, Keeps Battle Alive

    Pebblebrook Hotel Trust's (PEB) latest bid for LaSalle Hotel Properties takes into account the $112-million termination fee that LaSalle needs to pay to Blackstone in case of calling off the deal.

  • Reuters12 days ago

    Deals of the day-Mergers and acquisitions

    ** Factory automation equipment maker Rockwell Automation said it would buy an 8.4 percent stake in PTC for $1 billion as it looks to build on its software capabilities to make smarter manufacturing processes for customers. ** Medical device maker Stryker Corp has made a takeover approach to rival Boston Scientific Corp, the Wall Street Journal reported, a combination that would give Stryker a strong position in stroke-preventing heart products.

  • The Wall Street Journal12 days ago

    [$$] Pebblebrook Offers $4.17 Billion in Fifth Bid to Buy LaSalle Hotel Properties

    , its fifth pitch to buy the hotelier as it works to best a deal the company reached with private-equity firm Blackstone Group LP. , which owns 6,973 guest rooms across 28 hotels, on Monday revised its all-stock bid for LaSalle, implying a merger price of $37.80 a share based on an exchange ratio of 0.92 Pebblebrook share for each LaSalle share. Pebblebrook said its offer, which excludes debt, provides a 13% premium to the per-share price that LaSalle agreed last month to receive from Blackstone.

  • MarketWatch12 days ago

    LaSalle Hotel Properties receives higher buyout bid from Pebblebrook, trumping Blackstone's bid

    Shares of LaSalle Hotel Properties rose 0.3% in morning trade Monday, after the company confirmed that it received a buyout proposal from fellow real estate investment trust Pebblebrook Hotel Trust that at Friday's closing prices represents an 11% premium to Blackstone Group LP's $4.8 billion bid. Pebblebrook's stock slid 1.2%. LaSalle said the bid from Pebblebrook was for LaSalle shareholders to receive for 0.92 common shares of Pebblebrook for each LaSalle share they own, with the option for LaSalle shareholders to receive cash up to 20% of the total consideration.

  • Financial Times14 days ago

    [$$] Blackstone offers discounts on Saudi-backed infrastructure fund

    is using discounts to coax investors into its Saudi-backed infrastructure fund, as the investment group toils to kick-start a $40bn initiative hailed as an early success for President Donald Trump’s mercantilist foreign policy. Blackstone hopes to finalise the first investments from other sources this month. The concessions offered by Blackstone — which include introductory discounts, permanent fee breaks and the ability to make some investments without paying Blackstone anything for six years — have come to light as public pension funds in the US states of Pennsylvania and New Mexico reported on their commitments.

  • MarketWatch14 days ago

    ‘Something lurking out there’ — maybe the North Korea summit — will upset the stock market, says Blackstone’s Wien

    Blackstone’s Byron Wien says investors enjoying a recent rally in the stock market shouldn’t get too comfortable, even if the Wall Street veteran is optimistic about the domestic economy over the next two or three years. Maybe the upcoming North Korea summit,” Wien said during a CNBC interview with anchor Carl Quintanilla Thursday morning.

  • Barrons.com15 days ago

    [$$] Can the Credit-Default-Swap Market Be Fixed?

    Two hedge funds made a mess in a corner of the credit market. Firms including BlueMountain Capital, Citadel, Apollo Global Management, Elliott Management, Anchorage Capital Partners, and CQS have been holed up in Manhattan conference rooms and on calls for months, trying to fix credit-default-swap contracts, people close to the situation say. Maligned in the financial crisis, CDS are drawing scrutiny again.