The Blackstone Group L.P. (BX) Announces Quarterly Dividend of $0.23
The Blackstone Group L.P. (NYSE:BX) declared a quarterly dividend on Thursday, October 17th, AR Network reports. Investors of record on Monday, October 28th will be given a dividend of $0.23 per share on Monday, November 4th. This represents a $0.92 dividend on an annualized basis and a yield of 3.40%.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill raised their price target on shares of The Blackstone Group L.P. from $27.00 to $30.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of The Blackstone Group L.P. from $26.00 to $28.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of The Blackstone Group L.P. in a research note to investors on Monday. They now have a $30.00 price target on the stock, up previously from $27.00. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $28.04.
The Blackstone Group L.P. (NYSE:BX) opened at 27.02 on Thursday. The Blackstone Group L.P. has a 52-week low of $13.31 and a 52-week high of $27.34. The stock’s 50-day moving average is $24.25 and its 200-day moving average is $22.28. The company has a market cap of $15.211 billion and a price-to-earnings ratio of 25.06.
The Blackstone Group L.P. (NYSE:BX) last released its earnings data on Thursday, October 17th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.03. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.33 billion. On average, analysts predict that The Blackstone Group L.P. will post $2.35 earnings per share for the current fiscal year.
The Blackstone Group L.P. (NYSE:BX) is a manager of private capital and provider of financial advisory services.
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