Blackstone Group (BX) Getting Positive News Coverage, Analysis Finds

The Blackstone Group L.P. (BX) reported earning per shares for the quarter ending April 20 BMO at 0.82, whereas, 13 number of analysts estimated the mean EPS at 0.66.

Tightening the gaze, stock performance for the last 5 trading days is 4.36%.

TRADEMARK VIOLATION NOTICE: "Blackstone Group (BX) Getting Positive News Coverage, Analysis Finds" was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze.

Several other hedge funds and other institutional investors have also modified their holdings of the company. River & Mercantile Asset Management LLP acquired a new stake in Blackstone Group during the fourth quarter valued at about $2,826,000. Tower Bridge Advisors raised its stake in shares of Blackstone Group by 17.7% in the third quarter. Chickasaw Mngmt owns 9,000 shares. Finally, Hudock Capital Group LLC raised its stake in shares of Blackstone Group by 20.2% in the first quarter. The fund acquired 6,795 shares of the asset manager's stock, valued at approximately $202,000. TCI Wealth Advisors Inc. raised its stake in shares of Blackstone Group by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 2,734,780 shares of the asset manager's stock valued at $69,819,000 after buying an additional 357,277 shares during the last quarter.

Shares of Blackstone Group (NYSE:BX) opened at 30.40 on Monday. These ratios are important while doing valuation of the company or the shares of the company. The stock's market capitalization is 19.83B, it has a 52-week low of 22.45 and a 52-week high of 31.69. The stock has a market cap of $19.44 billion, a PE ratio of 19.37 and a beta of 1.42. RBC Capital Markets maintained Blackstone Group LP (NYSE:BX) on Tuesday, January 26 with "Outperform" rating. Traders bought 1,360 call options on the company. This is an increase of 145% compared to the typical volume of 556 call options.

Blackstone Group (NYSE:BX) last posted its quarterly earnings data on Thursday, April 20th. The analyst recommendations from a month ago are 1 Buy, 5 Strong Buy, 0 Sell, 0 Hold and 3.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. Blackstone Group had a return on equity of 15.59% and a net margin of 20.08%. The firm's revenue was up 108.1% on a year-over-year basis. A month ago, they told us to expect earnings of US$0.73 per share while three months ago their EPS consensus estimate was US$0.74.

08/09/2016 - The Blackstone Group L.P. had its "overweight" rating reiterated by analysts at Barclays.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 8th. Have a look at back 1 month ago, consensus EPS forecast was seen at $0.73. It has a dividend yield of 6.18%. Suntrust Banks reported 0.01% in Blackstone Group LP (NYSE:BX).

Now the P/E of The Blackstone Group L.P. stands at 19.76. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2017/04/26/blackstone-group-lp-bx-downgraded-to-sell-at-zacks-investment-research-updated.html. If you are accessing this story on another site, it was copied illegally and reposted in violation of USA & global trademark & copyright law. Moreover, Baldwin Investment Mgmt Ltd Co has 0.12% invested in Blackstone Group LP (NYSE:BX) for 11,250 shares. Looking at this figure it suggests that the shares of The Blackstone Group L.P. (BX) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that The Blackstone Group L.P. (BX) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued.

12/14/2015 - William Blair began new coverage on The Blackstone Group L.P. giving the company a "outperform" rating. Barclays PLC reissued a "buy" rating and issued a $34.00 price target on shares of Blackstone Group in a research note on Sunday, January 15th. Finally, Zacks Investment Research lowered shares of Blackstone Group from a "hold" rating to a "sell" rating in a research note on Friday, April 7th. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Blackstone Group has an average rating of "Buy" and an average price target of $33.15. Also, insider John G. Finley sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $30.26, for a total value of $19,217,369.50. Following the completion of the sale, the director now directly owns 315,331 shares of the company's stock, valued at $9,541,916.06. The stock was sold at an average price of $30.72, for a total value of $614,400.00. Following the completion of the sale, the insider now directly owns 161,556 shares of the company's stock, valued at approximately $4,963,000.32. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock. Hudock Capital Group LLC now owns 4,726 shares of the asset manager's stock worth $140,000 after buying an additional 793 shares during the period.