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Last $43.40 USD
Change Today +0.215 / 0.50%
Volume 424.3K
BX On Other Exchanges
Symbol
Exchange
BX is not on other exchanges.
As of 9:57 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

blackstone group lp/the (BX) Snapshot

Open
$43.14
Previous Close
$43.42
Day High
$43.45
Day Low
$43.10
52 Week High
05/19/15 - $44.43
52 Week Low
10/16/14 - $26.56
Market Cap
50.2B
Average Volume 10 Days
3.4M
EPS TTM
$3.58
Shares Outstanding
548.3M
EX-Date
04/23/15
P/E TM
12.1x
Dividend
$3.56
Dividend Yield
6.16%
Current Stock Chart for BLACKSTONE GROUP LP/THE (BX)

blackstone group lp/the (BX) Details

The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios. It launches and manages private equity funds, real estate funds, funds of hedge funds, and credit-focused funds for its clients. It invests in private equity, public equity, fixed income, and alternative investment markets. The Blackstone Group L.P. was founded in 1985 and is based in New York, New York.

2,190 Employees
Last Reported Date: 02/27/15
Founded in 1985

blackstone group lp/the (BX) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $350.0K
President, Chief Operations Officer, Director...
Total Annual Compensation: $37.8M
Chief Financial Officer and Senior Managing D...
Total Annual Compensation: $7.0M
Vice Chairman, Vice President and Director of...
Total Annual Compensation: $13.9M
Chief Legal Officer and Senior Managing Direc...
Total Annual Compensation: $4.3M
Compensation as of Fiscal Year 2014.

blackstone group lp/the (BX) Key Developments

Tata Sky Mulls Financing

Tata Sky Limited is seeking financing. Tata Sky has initiated talks with bulge bracket private equity firms to raise up to INR 18 billion after shelving its plans for an initial public offering ( IPO). The loss-making venture will use the capital for its technology upgradation and expansion, said four people with direct knowledge of the process. Citigroup Inc. (NYSE:C) and Morgan Stanley (NYSE:MS) have been retained but now the mandate is to raise PE funding, a person, who is a part of the process, said. "The company will now tap private equity players who can offer patient capital and can wait till the company turns profitable,"another person said. "Most of the global investors such as Bain Capital, LLC, The Blackstone Group L.P. (NYSE:BX), Warburg Pincus LLC, TPG Capital, L.P. and General Atlantic LLC have been approached." Economic Times could not independently verify these names. Confirming that the company has shelved its listing plans, Harit Nagpal, Chief Executive Officer of Tata Sky in an SMS response said, "All our cash requirements have been and will continue to be met by existing shareholders."

Blackstone And Others Eyes Business In Middle East

The Blackstone Group L.P. (NYSE:BX), Fajr Capital Limited and The Abraaj Group are seeking acquisitions in the Middle East.

Doug Ostrover to Step Down as Senior Managing Director of Blackstone and to Become a Senior Adviser to Firm

Blackstone announced that Doug Ostrover will step down as a Senior Managing Director of Blackstone and will become a Senior Adviser to the firm. Mr. Ostrover was, along with Bennett Goodman and Tripp Smith, one of the founders of GSO, Blackstone’s alternative credit platform.

 

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Industry Analysis

BX

Industry Average

Valuation BX Industry Range
Price/Earnings 13.8x
Price/Sales 3.3x
Price/Book 3.5x
Price/Cash Flow 26.4x
TEV/Sales 3.7x
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