Last $32.56 USD
Change Today -0.61 / -1.84%
Volume 3.9M
BX On Other Exchanges
Symbol
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As of 8:04 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

blackstone group lp/the (BX) Snapshot

Open
$33.00
Previous Close
$33.17
Day High
$33.17
Day Low
$32.27
52 Week High
07/23/14 - $36.08
52 Week Low
09/23/13 - $23.84
Market Cap
37.0B
Average Volume 10 Days
3.4M
EPS TTM
$3.75
Shares Outstanding
516.5M
EX-Date
07/24/14
P/E TM
8.7x
Dividend
$2.20
Dividend Yield
5.26%
Current Stock Chart for BLACKSTONE GROUP LP/THE (BX)

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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.

2,010 Employees
Last Reported Date: 02/28/14
Founded in 1985

blackstone group lp/the (BX) Top Compensated Officers

Co-Founder, Chief Executive Officer, Chairman...
Total Annual Compensation: $350.0K
President, Chief Operations Officer, Director...
Total Annual Compensation: $34.8M
Chief Financial Officer and Senior Managing D...
Total Annual Compensation: $7.6M
Vice Chairman, Vice President and Director of...
Total Annual Compensation: $11.4M
Chief Legal Officer and Senior Managing Direc...
Total Annual Compensation: $4.6M
Compensation as of Fiscal Year 2013.

blackstone group lp/the (BX) Key Developments

GIC, Aberdeen Plan To Sell Stake In Hero MotoCorp

GIC and Aberdeen are planning to sell their stake in Hero MotoCorp worth over INR 56 billion. GIC is looking to sell its stake through secondary deal or open market. Both GIC and Aberdeen are in talks with other PE and financial investors to sell stake. Warburg Pincus LLC, The Carlyle Group LP (NasdaqGS:CG) and The Blackstone Group L.P. (NYSE:BX) have already expressed an interest. If the deal goes through via the secondary market, GIC and Aberdeen could be looking at a premium of 10% to current market price. GIC holds 3.7 percent stake in Hero Moto, while Aberdeen holds 5.7%. If the talks with PE players do not materialize, then GIC and Aberdeen will be looking to sell their stake in tranches through open market transaction by this year end.

Blackstone Group Reportedly Seeks Buyer For CMS Info Systems

The Blackstone Group L.P. (NYSE:BX) is reportedly seeking buyer for its majority stake in CMS Info Systems Pvt. Ltd. The Carlyle Group LP (NasdaqGS:CG) and Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) are considering offers for the stake, which could be valued at $400 million. CMS Info System has also drawn interest from Apax Partners LLP, Bain Capital, LLC and Warburg Pincus LLC. The first round bids are due by the end of September 2014, and the minority shareholders of CMS Info Systems are also interested in selling their stake.

Burton's Biscuits Eyes United Biscuits

Burton's Foods Limited is to take part in an international bid for United Biscuits (Holdings) Limited after it was put up for sale by The Blackstone Group L.P. (NYSE:BX) and PAI Partners. Other potential suitors include Kellogg Company (NYSE:K), Mondelez International, Inc. (NasdaqGS:MDLZ), Ülker Bisküvi Sanayi Anonim Sirketi (IBSE:ULKER) and San Miguel Corporation (PSE:SMC).

 

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