NYSE:BX
52.70
0.50
(0.96%)
The Blackstone Group L.P. is an American multinational private equity, alternative asset management and financial services firm based in New York City.
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Blackstone Group LP
BX-N
Analysis and Opinions about BX-N
Signal
Opinion
Expert
BUY
BUY
Blackstone vs. KKR Both good and both are global players. She likes the private equity space, and the way to invest here is through stocks like these. She plays this space through BAM. All have a strong global presence. Private equity will see continued secular growth with interest rates staying near zero. Large institutions are seeking returns in private equity and infrastructure and will invest more here.
COMMENT
COMMENT
Terrific managers. Down 8% this year so far.
BUY
BUY
September 11, 2020
Terrific managers. Down 8% this year so it's a good time to add or enter.
Show full opinionHide full opinion
Terrific managers. Down 8% this year so it's a good time to add or enter.
BUY WEAKNESS
BUY WEAKNESS
January 29, 2020
They have a half-trillion dollars in assets. They just went from a partnership to a C-corp. It's lumpy, so buy in weakness.
Show full opinionHide full opinionThey have a half-trillion dollars in assets. They just went from a partnership to a C-corp. It's lumpy, so buy in weakness.
DON'T BUY
DON'T BUY
November 22, 2019
A very well-run business. It’s in a competitive space and there are tax changes that could make it more profitable. The limit is the intellectual capital of the people running the business. At these valuations, he wouldn’t be a buyer, and if he had holdings, he would take some profits by selling half.
Show full opinionHide full opinionA very well-run business. It’s in a competitive space and there are tax changes that could make it more profitable. The limit is the intellectual capital of the people running the business. At these valuations, he wouldn’t be a buyer, and if he had holdings, he would take some profits by selling half.
BUY
BUY
November 5, 2019
The largest private equity company in the world. BX has raised a ton of money lately, but the trouble is how do they put this money to work? Low interest rates help, because they leverage a lot. They are in real estate, and loans, not just private equity--so well-diversified. Problem is, BX now competes heavily in private markets (with BAM-N, for example), an area which enjoys higher rates of return. There's a lot of money chasing fewer deals. However, BX is an incredibly well-run company.
The largest private equity company in the world. BX has raised a ton of money lately, but the trouble is how do they put this money to work? Low interest rates help, because they leverage a lot. They are in real estate, and loans, not just private equity--so well-diversified. Problem is, BX now competes heavily in private markets (with BAM-N, for example), an area which enjoys higher rates of return. There's a lot of money chasing fewer deals. However, BX is an incredibly well-run company.
WEAK BUY
WEAK BUY
October 28, 2019
It has been a fantastic global private equity business. They made a huge play at rolling up a lot of these industrial real estate portfolios across the world. They do all kinds of different asset allocations across the world. They announced they will convert from a partnership into a corp. so the share price increased due to anticipation of this being part of an index, thereby making all kinds of institutions need to own it because it is the index. He prefers ONEX-T to BX-N.
It has been a fantastic global private equity business. They made a huge play at rolling up a lot of these industrial real estate portfolios across the world. They do all kinds of different asset allocations across the world. They announced they will convert from a partnership into a corp. so the share price increased due to anticipation of this being part of an index, thereby making all kinds of institutions need to own it because it is the index. He prefers ONEX-T to BX-N.
COMMENT
COMMENT
October 8, 2019
There's been a big sell-off in financials with declining interest rates. BX just converted into a corporation, so funds could now buy it a He sold his shares before the July 1 conversion. A diversified holding.
Show full opinionHide full opinionThere's been a big sell-off in financials with declining interest rates. BX just converted into a corporation, so funds could now buy it a He sold his shares before the July 1 conversion. A diversified holding.
WATCH
WATCH
October 2, 2019
Trade tension exposure? He is not sure how their portfolio is exposed to the China trade tensions. Their success rides off credit availability (more is better for their company) and when they optimize the business before selling out of it (better when markets are weak). Strong markets and widening credit spreads make it tough right now. Keep it on the watch list though.
Show full opinionHide full opinionTrade tension exposure? He is not sure how their portfolio is exposed to the China trade tensions. Their success rides off credit availability (more is better for their company) and when they optimize the business before selling out of it (better when markets are weak). Strong markets and widening credit spreads make it tough right now. Keep it on the watch list though.
COMMENT
COMMENT
October 2, 2019
For CG-Q he has concerns about times when asset prices are bid up during strong market times. As an active asset manager, this can make their business more challenging. He would go for best in class in this category and that is BX-N.
BUY WEAKNESS
BUY WEAKNESS
September 25, 2019
They should do well long-term. They continue to raise money for their funds in real estate -- the latest was $20 billion to buy DreamGlobal. You probably want to wait for a better entry point. Yield 3.5%
Show full opinionHide full opinionThey should do well long-term. They continue to raise money for their funds in real estate -- the latest was $20 billion to buy DreamGlobal. You probably want to wait for a better entry point. Yield 3.5%
COMMENT
COMMENT
September 17, 2019
They converted from an LP to a corporation which attracted a different shareholder base (index funds). This shift spiked their valuation. He owns BAM instead, which shares the same drivers as BX: low yields, pension plans and institutional investors. These stocks are essentially synthetic bonds with assets. Trades at 15x forward distributed earnings. BX is a well-run company in a shareholder-friendly space.
Show full opinionHide full opinionThey converted from an LP to a corporation which attracted a different shareholder base (index funds). This shift spiked their valuation. He owns BAM instead, which shares the same drivers as BX: low yields, pension plans and institutional investors. These stocks are essentially synthetic bonds with assets. Trades at 15x forward distributed earnings. BX is a well-run company in a shareholder-friendly space.
COMMENT
COMMENT
July 11, 2019
Really good company. Nice yield. Principal problem is it's run right up to fair market value. Earnings forecast has leveled out. Stock's coming to a peak of momentum to drive it higher.
Show full opinionHide full opinionReally good company. Nice yield. Principal problem is it's run right up to fair market value. Earnings forecast has leveled out. Stock's coming to a peak of momentum to drive it higher.
BUY
BUY
May 23, 2019
They bought it below $35. He likes the dividend. They are converting to a corporation.
Show full opinionHide full opinionThey bought it below $35. He likes the dividend. They are converting to a corporation.
DON'T BUY
DON'T BUY
February 6, 2019
2-year outlook They may change their corporate structure from a limited partnership to a regular tax-paying corporation. Also, their Q4 was volatile with revenues being only one-third compared to the previous year. Their share price is flat over a long period of time.
Show full opinionHide full opinion2-year outlook They may change their corporate structure from a limited partnership to a regular tax-paying corporation. Also, their Q4 was volatile with revenues being only one-third compared to the previous year. Their share price is flat over a long period of time.
Blackstone Group LP(BX-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 7
Blackstone Group LP(BX-N) Frequently Asked Questions
What is Blackstone Group LP stock symbol?
Blackstone Group LP is a American stock, trading under the symbol BX-N on the New York Stock Exchange (BX). It is usually referred to as NYSE:BX or BX-N
Is Blackstone Group LP a buy or a sell?
In the last year, 7 stock analysts published opinions about BX-N. 6 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Blackstone Group LP.
Is Blackstone Group LP a good investment or a top pick?
Blackstone Group LP was recommended as a Top Pick by Christine Poole on 2020-09-15. Read the latest stock experts ratings for Blackstone Group LP.
Why is Blackstone Group LP stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Blackstone Group LP worth watching?
7 stock analysts on Stockchase covered Blackstone Group LP In the last year. It is a trending stock that is worth watching.
What is Blackstone Group LP stock price?
On 2020-09-18, Blackstone Group LP (BX-N) stock closed at a price of $52.7.
Blackstone vs. KKR Both good and both are global players. She likes the private equity space, and the way to invest here is through stocks like these. She plays this space through BAM. All have a strong global presence. Private equity will see continued secular growth with interest rates staying near zero. Large institutions are seeking returns in private equity and infrastructure and will invest more here.