- Previous Close
168.14 - Open
167.90 - Bid 165.00 x 800
- Ask 170.99 x 1000
- Day's Range
166.66 - 169.00 - 52 Week Range
96.15 - 175.94 - Volume
2,104,020 - Avg. Volume
3,079,150 - Market Cap (intraday)
202.599B - Beta (5Y Monthly) 1.50
- PE Ratio (TTM)
57.40 - EPS (TTM)
2.91 - Earnings Date Jan 23, 2025 - Jan 27, 2025
- Forward Dividend & Yield 3.45 (2.07%)
- Ex-Dividend Date Oct 28, 2024
- 1y Target Est
167.05
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 Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts,special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, infrastructure, enterprise tech and consumer, as well as consumer technologies. The firm considers investment in Asia and Latin America. It seeks to invest between $0.25 million and $900 million per transaction. It invests in companies with enterprise value between $500 million and $5000 million. It has a three year investment period. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe, North America and Central America.
www.blackstone.com4,735
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
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Trailing total returns as of 11/4/2024, which may include dividends or other distributions. Benchmark is
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Statistics: BX
View MoreValuation Measures
Market Cap
126.82B
Enterprise Value
--
Trailing P/E
57.40
Forward P/E
28.57
PEG Ratio (5yr expected)
2.08
Price/Sales (ttm)
13.67
Price/Book (mrq)
18.10
Enterprise Value/Revenue
14.86
Enterprise Value/EBITDA
--
Financial Highlights
Profitability and Income Statement
Profit Margin
19.97%
Return on Assets (ttm)
10.02%
Return on Equity (ttm)
22.04%
Revenue (ttm)
11.14B
Net Income Avi to Common (ttm)
2.22B
Diluted EPS (ttm)
2.91
Balance Sheet and Cash Flow
Total Cash (mrq)
2.5B
Total Debt/Equity (mrq)
61.17%
Levered Free Cash Flow (ttm)
--
Research Analysis: BX
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Research Reports: BX
View MoreRaising target to $202 following 3Q results
Blackstone Group is one of the world's leading managers of alternative assets, including private equity, real estate, hedge funds, credit-oriented funds, and closed-end mutual funds. In recent years, Blackstone has rapidly grown its fee-earning assets under management, and its assets are relatively well balanced among private equity, real estate, hedge funds, and credit. The company converted from a publicly traded partnership to a corporation on July 1, 2019.
RatingPrice TargetThe volume of weekly insider transactions remains predictably low
The volume of weekly insider transactions remains predictably low given the start of earnings season, and the insider-sentiment data from Vickers' Stock Research remains clearly neutral. This ongoing lack of positive sentiment has brought what had been steady improvement in Vickers' overall Insider Index to a halt, as that reading has plateaued. Meanwhile, the NYSE and Nasdaq One-Week Sell/Buy Ratios are relatively close to parity at 4.86 and 5.69, respectively. But the Nasdaq (which had been weaker) is generally improving while the NYSE (which had been stronger) is generally weakening. Should they meet in the middle, overall sentiment will be landlocked in neutral territory, this as stock indices continue to crawl higher and add to impressive gains so far in 2024. On a sector basis, insider buying outpaced selling in Energy, with shares valued at roughly $32 million bought versus about $200,000 sold. Conversely, selling by insiders was particularly notable in Financial, with shares valued at $397 million sold. Selling was also evident in Healthcare, Consumer Staples, and Information Technology. This week, analysts at Vickers highlighted insider transactions of interest at PBF Energy Inc. (NYSE: PBF) and Bank of America Corp. (NYSE: BAC).
Blackstone Earnings: Results Continued to Improve, With Rates Finally Coming Down and Markets Rising
Blackstone is the world's largest alternative-asset manager with $1.076 trillion in total asset under management, including $808.7 billion in fee-earning assets under management, at the end of June 2024. The company has four core business segments: private equity (25% of fee-earning AUM and 28% of base management fees), real estate (37% and 42%), credit and insurance (29% and 23%), and multi-asset investing (9% and 7%). While the firm primarily serves institutional investors (87% of AUM), it also caters to clients in the high-net-worth channel (13%). Blackstone operates through 25 offices in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).
RatingPrice TargetUS-Based Asset Managers: Market Values for Asset Managers Already Pricing In an Easing Rate Cycle
Blackstone is the world's largest alternative-asset manager with $1.076 trillion in total asset under management, including $808.7 billion in fee-earning assets under management, at the end of June 2024. The company has four core business segments: private equity (25% of fee-earning AUM and 28% of base management fees), real estate (37% and 42%), credit and insurance (29% and 23%), and multi-asset investing (9% and 7%). While the firm primarily serves institutional investors (87% of AUM), it also caters to clients in the high-net-worth channel (13%). Blackstone operates through 25 offices in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).
RatingPrice Target