Blackstone Group LP (BX) is Oliver Luxxe Assets LLC's 4th Largest Position
- Author: Arturo Norris Apr 21, 2017,
Apr 21, 2017, 2:43
State of New Jersey Common Pension Fund D now owns 700,000 shares of the asset manager's stock worth $17,871,000 after buying an additional 150,000 shares during the period. The stock of Blackstone Group LP (NYSE:BX) earned "Overweight" rating by Barclays Capital on Thursday, October 13. First Interstate Bank's holdings in The Blackstone Group L.P. were worth $326,000 as of its most recent filing with the SEC. Wagner Bowman Management Corp raised its position in shares of Blackstone Group by 9.4% in the third quarter. Brick & Kyle Associates now owns 18,952 shares of the company's stock valued at $484,000 after buying an additional 2,429 shares during the period.
Blackstone Group, the world's biggest private equity firm, said first-quarter profit more than doubled as it sold a string of assets, including a stake in Hilton Worldwide Holdings. Evercore Wealth Management LLC now owns 1,513,562 shares of the company's stock valued at $37,143,000 after buying an additional 5,273 shares in the last quarter. Finally, SRS Capital Advisors Inc. bought a new position in Blackstone Group during the fourth quarter worth about $149,000. The company's institutional ownership is monitored at 85.9 percent.
Having a price of $30.06, Blackstone Group LP (NYSE:BX) traded 1.55% higher on the day.
Blackstone Group (NYSE:BX) last posted its quarterly earnings results on Thursday, January 26th. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of 18.46 and a beta of 1.42. $36.22's average target is 22.65% above currents $29.53 stock price. Vetr lowered shares of Blackstone Group from a "strong-buy" rating to a "buy" rating and set a $30.38 price target for the company.in a research report on Tuesday, January 3rd. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm earned $1.57 billion during the quarter, compared to analysts' expectations of $1.52 billion. The business's revenue was up 74.9% compared to the same quarter past year. During the same quarter past year, the company posted $0.37 EPS.
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A number of brokerages have weighed in on BX.
The target price for The Blackstone Group L.P. (BX) is $35/share according to the consensus of analysts working on the stock, with an expected EPS of $0.68/share for the current quarter. Finally, Jefferies Group LLC reaffirmed a "buy" rating on shares of Blackstone Group in a research note on Friday, January 20th.
BX has been the subject of several research analyst reports. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. The stock has an average rating of "Buy" and a consensus target price of $33.15. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
In other news, major shareholder Holdings L.P. Blackstone III sold 9,728,297 shares of The Blackstone Group L.P. stock in a transaction on Monday, November 21st. The stock had previously closed at $29.15, but opened at $30.06.
Blackstone, whose co-founder and chief executive Stephen Schwarzman is an economic adviser to Trump and chairs his strategic and policy forum, said the sale of assets for top dollar allowed it to pay its second highest quarterly dividend ever, equivalent to 87 cents per common unit.
The stock increased 0.19% or $0.02 during the last trading session, reaching $10.72.
The Blackstone Group L.P. (NYSE:BX) yearly performance is 8.07% and net profit margin is 20.30%.
Overseeing $368.2bn across private equity, real estate, credit and hedge funds, Blackstone is considered a bellwether for the alternative-asset industry.