The Blackstone Group L.P. (NYSE:BX) – Stock analysts at William Blair boosted their Q1 2018 EPS estimates for The Blackstone Group L.P. in a research note issued on Friday. William Blair analyst C. Shutler now anticipates that the asset manager will post earnings per share of $0.69 for the quarter, up from their previous forecast of $0.67. William Blair also issued estimates for The Blackstone Group L.P.’s Q2 2018 earnings at $0.73 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.82 EPS and FY2018 earnings at $3.00 EPS.

BX has been the subject of several other reports. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price target on shares of The Blackstone Group L.P. in a research note on Wednesday, June 28th. Zacks Investment Research lowered shares of The Blackstone Group L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Morgan Stanley reiterated an “overweight” rating and issued a $37.00 price target (up from $36.00) on shares of The Blackstone Group L.P. in a research note on Monday, July 10th. Vetr lowered shares of The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating and set a $37.57 price target for the company. in a research note on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. increased their price target on shares of The Blackstone Group L.P. from $34.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.32.

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Shares of The Blackstone Group L.P. (NYSE BX) opened at 34.46 on Monday. The firm has a 50-day moving average of $32.87 and a 200 day moving average of $32.29. The Blackstone Group L.P. has a 1-year low of $23.33 and a 1-year high of $35.09. The company has a market capitalization of $22.36 billion, a P/E ratio of 15.49 and a beta of 1.33.

The Blackstone Group L.P. (NYSE:BX) last posted its quarterly earnings results on Thursday, October 19th. The asset manager reported $0.69 earnings per share 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 firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue was up 21.4% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BX. Guild Investment Management Inc. bought a new stake in shares of The Blackstone Group L.P. during the third quarter valued at approximately $993,000. Robeco Institutional Asset Management B.V. raised its position in shares of The Blackstone Group L.P. by 207.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 200,000 shares of the asset manager’s stock valued at $6,674,000 after buying an additional 135,000 shares during the last quarter. Baltimore Washington Financial Advisors Inc. raised its position in shares of The Blackstone Group L.P. by 2.3% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 260,486 shares of the asset manager’s stock valued at $8,692,000 after buying an additional 5,917 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in shares of The Blackstone Group L.P. by 13.9% during the third quarter. Moloney Securities Asset Management LLC now owns 29,905 shares of the asset manager’s stock valued at $998,000 after buying an additional 3,641 shares during the last quarter. Finally, Canal Capital Management LLC raised its position in shares of The Blackstone Group L.P. by 5.6% during the third quarter. Canal Capital Management LLC now owns 42,310 shares of the asset manager’s stock valued at $1,412,000 after buying an additional 2,226 shares during the last quarter. Institutional investors own 46.49% of the company’s stock.

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

About The Blackstone Group L.P.

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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