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Last $33.48 USD
Change Today +0.87 / 2.67%
Volume 5.7M
BX On Other Exchanges
Symbol
Exchange
BX is not on other exchanges.
As of 4:15 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

blackstone group lp/the (BX) Snapshot

Open
$32.87
Previous Close
$32.61
Day High
$34.81
Day Low
$32.70
52 Week High
05/19/15 - $44.43
52 Week Low
10/16/14 - $26.56
Market Cap
38.9B
Average Volume 10 Days
8.4M
EPS TTM
$2.61
Shares Outstanding
555.7M
EX-Date
07/23/15
P/E TM
12.8x
Dividend
$2.96
Dividend Yield
8.51%
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
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

Blackstone Group To Buy Serco Global Services

The Blackstone Group L.P. (NYSE:BX) is in talks with Serco Global Services Pvt. Ltd. to buy its Indian business process outsourcing unit for £250 million. The talks were in advanced stages and a deal was likely soon, sources close to the development said. In reply to a query, a Serco spokesperson said the process to sell its global private sector BPO business was on. "The process for the potential disposal of our international private sector BPO business, formerly known as Intelenet, continues. The board is assessing a number of different options and a further update will be provided at the appropriate time."

Blackstone Mulls Acquisitions

The Blackstone Group L.P. (NYSE:BX) intends to pursue acquisitions. The company is seeking commercial properties in China. Christopher Heady, head of Christopher Heady, head of Asia real-estate business, said, "Volatility can be your friend if you have a medium to long term perspective." “In public capital markets, when prices come down in theory that should create opportunities.”

Wirecard Reportedly Joins Bidding For Worldpay

Wirecard AG (XTRA:WDI) has joined the bidding for WorldPay Limited, according to people with knowledge of the matter. Wirecard is competing against private-equity bidders, including a joint proposal from The Blackstone Group L.P. and Hellman & Friedman LLC, as Worldpay also prepares for a possible initial public offering, the people said. Wirecard's offer values Worldpay, which is owned by Advent International Corporation and Bain Capital, LLC, at about £6 billion, one of the people said. No final decision has been made and several potential buyers are still in the running, the people said. Advent and Bain may also choose to proceed with IPO plans and not sell the company, they said. A decision may be announced as early as September 2015, they said.

 

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Industry Analysis

BX

Industry Average

Valuation BX Industry Range
Price/Earnings 13.0x
Price/Sales 2.8x
Price/Book 2.8x
Price/Cash Flow 24.6x
TEV/Sales 3.2x
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