6,321 Shares in The Blackstone Group L.P. (BX) Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC bought a new position in shares of The Blackstone Group L.P. (NYSE:BX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,321 shares of the asset manager’s stock, valued at approximately $211,000.

A number of other large investors have also modified their holdings of BX. Jacobi Capital Management LLC bought a new position in The Blackstone Group L.P. during the second quarter worth about $116,000. Winslow Evans & Crocker Inc. boosted its position in The Blackstone Group L.P. by 1.4% during the second quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the asset manager’s stock worth $117,000 after purchasing an additional 50 shares during the period. PHH Investments Ltd. bought a new position in The Blackstone Group L.P. during the first quarter worth about $134,000. Omnia Family Wealth LLC boosted its position in The Blackstone Group L.P. by 0.5% during the second quarter. Omnia Family Wealth LLC now owns 4,020 shares of the asset manager’s stock worth $134,000 after purchasing an additional 20 shares during the period. Finally, Archford Capital Strategies LLC boosted its position in The Blackstone Group L.P. by 72.1% during the first quarter. Archford Capital Strategies LLC now owns 5,088 shares of the asset manager’s stock worth $151,000 after purchasing an additional 2,131 shares during the period. Hedge funds and other institutional investors own 46.63% of the company’s stock.

WARNING: “6,321 Shares in The Blackstone Group L.P. (BX) Purchased by Oak Ridge Investments LLC” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/2886389/6321-shares-in-the-blackstone-group-l-p-bx-purchased-by-oak-ridge-investments-llc.html.

A number of equities analysts have weighed in on BX shares. Vetr upgraded shares of The Blackstone Group L.P. from a “buy” rating to a “strong-buy” rating and set a $37.55 target price for the company in a research report on Wednesday, June 7th. Deutsche Bank AG increased their target price on shares of The Blackstone Group L.P. from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Friday, July 21st. Jefferies Group LLC reiterated a “buy” rating and set a $38.00 target price on shares of The Blackstone Group L.P. in a research report on Wednesday, June 28th. BidaskClub lowered shares of The Blackstone Group L.P. from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. raised their price objective on shares of The Blackstone Group L.P. from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $37.34.

The Blackstone Group L.P. (NYSE:BX) opened at 32.29 on Tuesday. The Blackstone Group L.P. has a 1-year low of $23.33 and a 1-year high of $35.09. The firm’s 50 day moving average is $32.66 and its 200 day moving average is $31.63. The stock has a market capitalization of $20.95 billion, a P/E ratio of 14.52 and a beta of 1.34.

The Blackstone Group L.P. (NYSE:BX) last posted its quarterly earnings results on Thursday, July 20th. The asset manager reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The Blackstone Group L.P. had a return on equity of 18.97% and a net margin of 22.88%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company earned $0.44 earnings per share. On average, equities research analysts anticipate that The Blackstone Group L.P. will post $2.80 earnings per share for the current year.

The Blackstone Group L.P. Company Profile

The Blackstone Group L.P. is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity, non-investment grade credit, secondary private equity funds of funds and multi-asset class strategies. It operates through four segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit.

Institutional Ownership by Quarter for The Blackstone Group L.P. (NYSE:BX)

Receive News & Ratings for The Blackstone Group L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Blackstone Group L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.