Trading Statistics of The Blackstone Group LP (BX)

Paterniano Del Favero
Luglio 28, 2017

Several research firms recently commented on BX. Morgan Stanley increased its position in The Blackstone Group 6.0% in the first quarter. The firm owned 24,508 shares of the asset manager's stock after selling 1,300 shares during the period. RMB Capital Management LLC bought a new position in The Blackstone Group L.P. during the fourth quarter worth about $203,000. Hudock Capital Group LLC raised its position in The Blackstone Group 20.2% in the first quarter. Donald L. Hagan LLC boosted its position in The Blackstone Group 1.0% in the first quarter. Pittenger & Anderson Inc. now owns 4,000 shares of the asset manager's stock valued at $108,000 after buying an additional 450 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in The Blackstone Group 60.1% in the first quarter. Donald L. Hagan LLC now owns 10,100 shares of the asset manager's stock worth $300,000 after buying an additional 100 shares during the last quarter.

The Blackstone Group L.P. has a 1-year low of $23.33 and a 1-year high of $35.09.

The Blackstone Group L.P. has a 50 day moving average of 33.47 and a 200 day moving average of 31.15. The market capitalization for the company is reported at $7.32B. It turned negative, as 33 investors sold Blackstone Group LP shares while 156 reduced holdings.

05/22/2017 - The Blackstone Group L.P. had its " rating reiterated by analysts at Credit Suisse. The asset manager reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by $0.03. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.60 billion. The institutional investor held 3.30 million shares of the investment managers company at the end of 2016Q4, valued at $89.30M, up from 3.23 million at the end of the previous reported quarter. The stock had a trading volume of 2,710,757 shares.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 7th. Stockholders of record on Monday, July 31st will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.26%. The firm earned "Buy" rating on Thursday, July 20 by Oppenheimer.

TRADEMARK VIOLATION WARNING: "The Blackstone Group L.P. (BX) Stake Decreased by Gilman Hill Asset Management LLC" was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. The correct version of this news story can be read at Marco Limited Liability Corp reported 0.04% in Blackstone Group LP (NYSE:BX). Citigroup Inc. raised shares of The Blackstone Group L.P. from a "neutral" rating to a "buy" rating and raised their price target for the company from $32.00 to $40.00 in a report on Monday, May 22nd. The Blackstone Group L.P. (NYSE:BX) notched a 12-month high of $38.27 while $46.00 target is by far the most aggressive out of analysts who are now evaluating BX, $7.73 higher than the next highest 52-week price estimate. As of the last earnings report the EPS was $1.93 and is projected to be $2.86 for the current year with 646,742,000 shares outstanding. The New York-based Pinnacle Assoc has invested 0.09% in Blackstone Group LP (NYSE:BX). Morgan Stanley maintained Blackstone Group LP (NYSE:BX) on Tuesday, July 25 with "Outperform" rating. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. The Blackstone Group L.P. has a consensus rating of "Buy" and a consensus target price of $37.56. 20,000 shares were sold by Finley John G, worth $614,400 on Tuesday, February 14. The shares were sold at an average price of $33.31, for a total value of $1,015,955.00.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Real Estate Associa Blackstone sold 15,000,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. $38's average target is 9.99% above currents $34.55 stock price. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,050,500 shares of company stock valued at $392,416,555. For now, BX is the toast of Wall Street as its ABR stands at 1.70 with 6 out of 14 analysts rating the stock a buy.

About The Blackstone Group L.P. The Blackstone Group a global alternative asset manager.

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