Last $22.64 USD
Change Today +0.39 / 1.75%
Volume 3.8M
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As of 1:33 PM 05/24/13 All times are local (Market data is delayed by at least 15 minutes).

blackstone group lp/the (BX) Snapshot

Open
$22.01
Previous Close
$22.25
Day High
$22.74
Day Low
$22.00
52 Week High
05/21/13 - $23.80
52 Week Low
06/1/12 - $11.56
Market Cap
25.3B
Average Volume 10 Days
5.5M
EPS TTM
$1.88
Shares Outstanding
456.4M
EX-Date
04/25/13
P/E TM
12.1x
Dividend
$1.20
Dividend Yield
4.07%
Current Stock Chart for BLACKSTONE GROUP LP/THE (BX)

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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.

1,780 Employees
Last Reported Date: 03/1/13
Founded in 1985

blackstone group lp/the (BX) Top Compensated Officers

Co-Founder, Chairman of Blackstone Group Mana...
Total Annual Compensation: $350.0K
President, Chief Operations Officer, Director...
Total Annual Compensation: $30.5M
Chief Financial Officer and Senior Managing D...
Total Annual Compensation: $6.7M
Head of the External Relations and Strategy G...
Total Annual Compensation: $3.9M
Vice Chairman of Blackstone Group Management ...
Total Annual Compensation: $7.5M
Compensation as of Fiscal Year 2012.

blackstone group lp/the (BX) Key Developments

Blackstone And Prologis Reportedly Acquire 17 Million Square Feet Portfolio Of Warehouses

The Blackstone Group L.P. (NYSE:BX) and Prologis, Inc. (NYSE:PLD) agreed to acquire a portfolio of 17 million square feet of warehouses, which is owned in 80% by Lehman Brothers Holdings, Inc., for approximately $960 million, reported Reuters citing two people with knowledge of agreement. Blackstone and Prologis will probably complete the acquisition in the third quarter of 2013, according to one of the people, who asked not to be named because the transaction isn’t public. According to the people, Blackstone plans to operate about 9.5 million square feet of the warehouses and distribution centers in Reno, Nevada and Prologis will take over the remainder of the properties, which are located mostly in Pennsylvania and Las Vegas. Kim Snyder, president of the southwest region for Prologis, and Kimberly Macleod, a spokeswoman for Lehman, declined to comment on the deal. Peter Rose, a Blackstone spokesman, didn’t immediately respond to a request for comment.

Blackstone Reportedly Mulls IPO For Brixmor Property

The Blackstone Group L.P. (NYSE:BX) is considering an initial public offering of its Brixmor Property Group, Inc. by end of 2013. A share sale as a real estate investment trust is possible by the end of 2013 or early next year, said two people with knowledge of the firm’s plans, who asked not to be identified because the process is private.

Several Companies Reportedly In Talks To Acquire Pigment Business of Rockwood

The pigment business of Rockwood Holdings, Inc. (NYSE:ROC) (Rockwood) has attracted offers from many buyout firms, several people familiar with the matter reported on condition of anonymity. The buyout firms include The Blackstone Group L.P. (NYSE:BX) (Blackstone), Advent International Corporation (Advent), Apollo Global Management, LLC (NYSE:APO) (Apollo), Bain Capital, LLC (Bain), Golden Gate Capital (Golden Gate) and Rhône Group LLC, Asset Management Arm (Rhone). Rockwood, Blackstone, Apollo, Advent, Golden Gate and Bain declined to comment to Reuters and Rhone did not respond to Reuter’s request to comment.

 

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