blackstone group lp/the (BX:New York)
blackstone group lp/the (BX) Snapshot
|
Open
$23.52
|
Previous Close
$23.45
|
|
|
Day High
$23.70
|
Day Low
$23.25
|
|
|
52 Week High
05/20/13 - $23.70
|
52 Week Low
05/21/12 - $11.38
|
|
|
Market Cap
26.1B
|
Average Volume 10 Days
5.4M
|
|
|
EPS TTM
$1.88
|
Shares Outstanding
456.4M
|
|
|
EX-Date
04/25/13
|
P/E TM
12.5x
|
|
|
Dividend
$1.20
|
Dividend Yield
3.93%
|
blackstone group lp/the (BX) Related Businessweek News
blackstone group lp/the (BX) Details
The Blackstone Group L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. It operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. The Private Equity segment engages in private equity investing through five general private equity funds and one specialized fund focusing on communications-related investments. This segment engages in various transactions, including leveraged buyout acquisitions of seasoned companies, transactions involving growth equity or start-up businesses in established industries, minority investments, corporate partnerships, distressed debt, structured securities, and industry consolidations. The Real Estate segment manages general opportunistic real estate funds and internationally focused opportunistic real estate funds. This segment also has debt investment funds targeting non-controlling real estate debt-related investment opportunities in the public and private markets, primarily in the United States and Europe. The Hedge Fund Solutions segment manages a range of commingled funds of hedge funds and customized vehicles. The Credit Businesses segment manages various credit-oriented funds, including senior credit-oriented funds, distressed debt funds, mezzanine funds, and general credit-oriented funds; and CLOs, credit-focused separately managed accounts, and publicly registered debt-focused investment companies. The Financial Advisory segment offers financial and strategic advisory services, such as corporate finance, and mergers and acquisitions advice; restructuring and reorganization advisory services; and fund placement services for alternative investment funds. Blackstone Group Management L.L.C. operates as the general partner of the company. The Blackstone Group L.P. was founded in 1985 and is headquartered in New York, New York.
blackstone group lp/the (BX) Top Compensated Officers
blackstone group lp/the (BX) Key Developments
The Blackstone Group L.P. (NYSE:BX) is in talks with Life Insurance Corporation of India (LIC) to buy out its 14% stake in Stock Holding Corporation of India Limited (SHCIL), reported Economic Times. LIC is planning to sell its stake in the company through a bidding process. A senior official of LIC confirmed the development saying, "Some companies have evinced interest and we are doing an internal assessment. Once it's finalised, we may come up with a public disclosure." Two officials, familiar with the situation, confirmed to Economic Times that Blackstone and LIC are indeed in talks, and LIC is willing to sell its stake in SHCIL. One of the officials said, "If the valuation amount is more than the price offered by Blackstone, we will set it as the reserve price and ask for bids from all interested parties." Another official said, "If they are not interested, we will sell the shares to the highest bidder. The approval from the government shouldn't be a problem though." LIC is planning to appoint SBI Capital as financial advisor for the sale process. A spokesperson for Blackstone, however, refused to comment on the matter.
Telefónica, S.A. (CATS:TEF) is considering the sale of €700 million worth of Telefónica Ireland Limited. Liberty Global Inc. (NasdaqGS:LBTY.A), Hutchison 3G UK Holdings Ltd., a subsidiary of Hutchison Whampoa Ltd. (SEHK:13) and The Blackstone Group L.P. (NYSE:BX) are potential acquirers for Telefónica Ireland. Angel Vil, Chief Financial and Corporate Development Officer of Telefónica said on May 8, 2013, “We are managing our portfolio, aiming to increase the value of the businesses where we are present. We are not in an expansion mode, but yes, we can be in a strengthening mode in some the markets where we operate. Some of those markets could benefit from a market consolidation. And there are several examples, chief operating officer Jose Maria has spoken about one of them before. Ireland could be another one.” As per The Sunday Independent, a Telefonica spokesman said they did not comment on speculation. Mike T Fries, President of Liberty Global, said, “the company may look at mobile assets in Ireland.” According to sources, Telefónica’s advisors are Citigroup, Inc. (NYSE:C) and BNP Paribas SA (ENXTPA:BNP) and Merrill Lynch & Co., Inc.
The Blackstone Group L.P. (NYSE:BX) is reportedly looking to sell the property at 227 Elizabeth Street. According to sources familiar with the firm's thinking, the sale of the property at 227 Elizabeth Street is aimed at testing the market appetite for secondary assets. It is thought the building, opposite Hyde Park, will be marketed as a potential residential conversion.
| Recently Viewed | |||
| BX:US | $23.42 USD | -0.03 | |
| Company | Last | Change |
| Affiliated Managers Group Inc | $167.24 USD | +0.02 |
| Franklin Resources Inc | $167.85 USD | -0.47 |
| Invesco Ltd | $34.60 USD | +0.01 |
| Leucadia National Corp | $31.87 USD | -0.15 |
| T Rowe Price Group Inc | $78.36 USD | 0.00 |
| View Industry Companies | ||
Industry Analysis
BX
Industry Average
| Valuation | BX | Industry Range |
| Price/Earnings | 39.7x |
|
| Price/Sales | 3.2x |
|
| Price/Book | 2.4x |
|
| Price/Cash Flow | 82.0x |
|
| TEV/Sales | 1.9x |
|
Post a JobJobs
- New York, NY |Posted: May 17
- San Francisco, CA | YelpPosted: May 02
- San Francisco, CA | YelpPosted: May 02
- Northglenn, CO | Office DepotPosted: Mar 01
Sponsored Financial Commentaries
Sponsored Links
To contact BLACKSTONE GROUP LP/THE, please visit www.blackstone.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.








