Share on StockTwits

The Blackstone Group L.P. (NYSE:BX) declared a quarterly dividend on Thursday, July 17th, American Banking reports. Shareholders of record on Monday, July 28th will be given a dividend of 0.55 per share on Monday, August 4th. This represents a $2.20 dividend on an annualized basis and a yield of 6.47%.

BX has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of The Blackstone Group L.P. in a research note on Monday. They now have a $41.00 price target on the stock, up previously from $40.00. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of The Blackstone Group L.P. in a research note on Monday, June 16th. They now have a $34.50 price target on the stock. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The Blackstone Group L.P. currently has an average rating of “Buy” and a consensus price target of $34.96.

Shares of The Blackstone Group L.P. (NYSE:BX) opened at 33.98 on Thursday. The Blackstone Group L.P. has a 52 week low of $21.30 and a 52 week high of $35.39. The stock’s 50-day moving average is $32.87 and its 200-day moving average is $32.04. The company has a market cap of $19.732 billion and a P/E ratio of 15.71. The Blackstone Group L.P. also saw unusually large options trading activity on Monday. Traders purchased 9,694 call options on the company. This is an increase of approximately 240% compared to the average volume of 2,849 call options.

The Blackstone Group L.P. (NYSE:BX) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.65 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.04. The company had revenue of $938.88 million for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $0.62 earnings per share. The Blackstone Group L.P.’s revenue was up 56.2% compared to the same quarter last year. Analysts expect that The Blackstone Group L.P. will post $3.18 EPS for the current fiscal year.

The Blackstone Group L.P. (NYSE:BX) is a manager of private capital and provider of financial advisory services.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.