Blackstone (NYSE:BX) Inc. has announced that its President and Chief Operating Officer (COO), Jon Gray, will present at the Goldman Sachs (NYSE:GS) Financial Services Conference on December 6. The event will feature a live webcast of Gray's speech accessible through Blackstone's investor relations page, with a replay available following the presentation.
Blackstone, the world's largest asset manager with over $1 trillion in assets under management (AUM), operates across a broad range of investment areas, including private equity, real estate, infrastructure, public debt and equity, life sciences, non-investment grade credit, growth equity, and secondary funds. The firm is known for its economic impact and investor value-creation strategies.
Shareholders and interested parties are invited to view the live presentation scheduled for 5:20 pm UTC on December 6. Blackstone emphasizes its commitment to maintaining active communication with its audience through various social media channels including LinkedIn, Twitter, and Instagram.
The announcement underscores Blackstone's position as a leading global asset manager and highlights the importance of such industry conferences for sharing insights and strategies among financial professionals.
InvestingPro Insights
In light of Blackstone's upcoming presentation at the Goldman Sachs Financial Services Conference, it's beneficial to take a look at some key metrics and tips provided by InvestingPro.
InvestingPro data reveals Blackstone's market cap is a significant $122.82B USD. The company's Price-to-earnings (P/E) ratio as of Q3 2023 stands at 40.39, indicating a high earnings multiple. The firm's revenue for the last twelve months as of Q3 2023 is $8243.75M USD, with a gross profit margin of 92.13%.
Two InvestingPro Tips that stand out for Blackstone are its high return on invested capital and the prediction that the company will be profitable this year. This aligns with the firm's reputation for creating investor value. It's also worth noting that Blackstone has maintained dividend payments for 17 consecutive years, a testament to its financial stability.
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