The Blackstone Group L.P. (NYSE:BX) – Research analysts at Oppenheimer Holdings issued their Q1 2018 earnings estimates for The Blackstone Group L.P. in a note issued to investors on Thursday. Oppenheimer Holdings analyst C. Kotowski forecasts that the asset manager will post earnings of $0.77 per share for the quarter. Oppenheimer Holdings has a “Buy” rating on the stock. Oppenheimer Holdings also issued estimates for The Blackstone Group L.P.’s Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.84 EPS and Q4 2018 earnings at $0.86 EPS.

The Blackstone Group L.P. (NYSE:BX) last announced its quarterly earnings results on Thursday, October 19th. The asset manager reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.14. The Blackstone Group L.P. had a net margin of 22.88% and a return on equity of 19.90%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The firm’s revenue was up 21.4% on a year-over-year basis. WARNING: “Equities Analysts Offer Predictions for The Blackstone Group L.P.’s Q1 2018 Earnings (BX)” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/23/equities-analysts-offer-predictions-for-the-blackstone-group-l-p-s-q1-2018-earnings-bx.html.

BX has been the subject of a number of other research reports. Credit Suisse Group lowered their target price on shares of The Blackstone Group L.P. from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Zacks Investment Research raised shares of The Blackstone Group L.P. from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. BidaskClub downgraded shares of The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Morgan Stanley reissued an “overweight” rating and set a $40.00 target price (up previously from $37.00) on shares of The Blackstone Group L.P. in a research note on Tuesday, July 25th. Finally, Bank of America Corporation lifted their target price on shares of The Blackstone Group L.P. from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $38.32.

The Blackstone Group L.P. (NYSE:BX) opened at 34.46 on Monday. The Blackstone Group L.P. has a one year low of $23.33 and a one year high of $35.09. The stock has a 50 day moving average of $32.87 and a 200 day moving average of $32.29. The firm has a market cap of $22.36 billion, a price-to-earnings ratio of 15.49 and a beta of 1.33.

The company also recently declared a dividend, which will be paid on Monday, November 6th. Investors of record on Monday, October 30th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, October 27th. The Blackstone Group L.P.’s dividend payout ratio (DPR) is presently 93.51%.

Institutional investors have recently added to or reduced their stakes in the stock. Jacobi Capital Management LLC purchased a new position in The Blackstone Group L.P. during the second quarter worth about $116,000. Winslow Evans & Crocker Inc. boosted its holdings 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 last quarter. PHH Investments Ltd. purchased a new position in The Blackstone Group L.P. during the first quarter worth about $134,000. Omnia Family Wealth LLC boosted its holdings 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 last quarter. Finally, Archford Capital Strategies LLC boosted its holdings 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 last quarter. Institutional investors and hedge funds own 46.49% of the company’s stock.

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.

Earnings History and Estimates for The Blackstone Group L.P. (NYSE:BX)

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