- Previous Close
151.20 - Open
153.05 - Bid 151.21 x 800
- Ask 152.00 x 1200
- Day's Range
150.19 - 153.55 - 52 Week Range
88.59 - 161.25 - Volume
2,071,599 - Avg. Volume
3,429,173 - Market Cap (intraday)
185.555B - Beta (5Y Monthly) 1.50
- PE Ratio (TTM)
58.21 - EPS (TTM)
2.61 - Earnings Date Oct 17, 2024
- Forward Dividend & Yield 3.39 (2.23%)
- Ex-Dividend Date Jul 29, 2024
- 1y Target Est
141.32
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 10/4/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
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3-Year Return
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Statistics: BX
View MoreValuation Measures
Market Cap
116.33B
Enterprise Value
--
Trailing P/E
57.98
Forward P/E
25.64
PEG Ratio (5yr expected)
1.87
Price/Sales (ttm)
13.48
Price/Book (mrq)
17.02
Enterprise Value/Revenue
14.93
Enterprise Value/EBITDA
--
Financial Highlights
Profitability and Income Statement
Profit Margin
20.25%
Return on Assets (ttm)
8.70%
Return on Equity (ttm)
18.93%
Revenue (ttm)
9.86B
Net Income Avi to Common (ttm)
2B
Diluted EPS (ttm)
2.61
Balance Sheet and Cash Flow
Total Cash (mrq)
2.57B
Total Debt/Equity (mrq)
67.96%
Levered Free Cash Flow (ttm)
--
Research Analysis: BX
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View MoreUS-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 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 TargetInvestments, Realizations, and Fundraising Are Improving at Blackstone With the Market Recovery
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 TargetAfter last Monday's panic open, the major indices recovered over the rest of the week.
After last Monday's panic open, the major indices recovered over the rest of the week. If we step back and look at last week's returns, it's as if nothing happened. For the week, the S&P 500, the Nasdaq, the Nasdaq 100, the S&P 100, and the S&P 400 were all flat. The S&P Small Cap 600 and the Russell 2000 both fell to their 200-day average Monday morning and bounced, finishing the week off a little more than 1%. While there are a few green shoots, we think the market needs more rain. All the majors look like they are tracing out bear flags. If price breaks the near-term uptrend, that would suggest at least a test of the recent lows if not another leg lower. So far, we have seen a three-wave ABC decline for the indices. But will we end up with a five-wave decline? This is one of the clear limitations of Elliott Wave analysis. But we can get past that because we have not seen many shorter-term buy signals, as the five-day/13-day exponential average crossover as well as the eight-day/21-day EMA average crossover remain on sell signals for all the indices. In addition, the 21-day rate-of-change remains negative, the daily Vortex Indicator is improving but is still bearish, the Chande Trend Meter is neutral at best, and the major indices have all seen a cluster of distribution days since July 11 (especially the tech-heavy Nasdaq 100). Also of note is that we are still in a bearish seasonal period that lasts into September/mid-October. According to Jeffrey Hirsch at www.almanactrader.com , the Dow Industrials have been lower this option expiration week in 13 out of the last 17 years. (Mark Arbeter, CMT)