Vantage Investment Partners LLC reduced its position in shares of Blackstone Group LP (NYSE:BX) by 97.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,183 shares of the asset manager’s stock after selling 654,080 shares during the period. Vantage Investment Partners LLC’s holdings in Blackstone Group were worth $582,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in Blackstone Group by 77.0% during the fourth quarter. Bank of Montreal Can now owns 22,232,729 shares of the asset manager’s stock worth $711,892,000 after purchasing an additional 9,669,716 shares in the last quarter. Swedbank raised its holdings in Blackstone Group by 0.5% during the fourth quarter. Swedbank now owns 5,462,185 shares of the asset manager’s stock worth $174,899,000 after purchasing an additional 29,063 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Blackstone Group by 4.6% during the third quarter. Wells Fargo & Company MN now owns 3,673,160 shares of the asset manager’s stock worth $122,573,000 after purchasing an additional 162,768 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Blackstone Group by 165.2% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,535,792 shares of the asset manager’s stock worth $113,216,000 after purchasing an additional 2,202,719 shares in the last quarter. Finally, HMI Capital LLC raised its holdings in Blackstone Group by 23.8% during the fourth quarter. HMI Capital LLC now owns 2,652,707 shares of the asset manager’s stock worth $84,940,000 after purchasing an additional 509,707 shares in the last quarter. 47.79% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently issued reports on BX. ValuEngine raised shares of Blackstone Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Zacks Investment Research cut shares of Blackstone Group from a “hold” rating to a “sell” rating in a report on Monday, February 12th. JPMorgan Chase & Co. cut shares of Blackstone Group from an “overweight” rating to a “hold” rating in a report on Tuesday, February 6th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $42.00 price target on shares of Blackstone Group in a report on Thursday, February 1st. Finally, Credit Suisse Group reissued a “buy” rating and set a $47.00 price target on shares of Blackstone Group in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $39.90.
Blackstone Group LP (BX) opened at $34.06 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.10. Blackstone Group LP has a 1 year low of $28.72 and a 1 year high of $37.52. The firm has a market cap of $41,860.00, a PE ratio of 9.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33.
Blackstone Group (NYSE:BX) last issued its earnings results on Thursday, February 1st. The asset manager reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. Blackstone Group had a net margin of 20.66% and a return on equity of 22.27%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. equities analysts anticipate that Blackstone Group LP will post 3.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Monday, February 12th were given a dividend of $0.85 per share. This is a positive change from Blackstone Group’s previous quarterly dividend of $0.44. This represents a $3.40 annualized dividend and a yield of 9.98%. The ex-dividend date of this dividend was Friday, February 9th. Blackstone Group’s dividend payout ratio is presently 96.05%.
Blackstone Group 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.
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