The firm is expected to report its next quarterly earnings results on Thursday, April 19th. Blackstone Group LP has a twelve month low of $28.45 and a twelve month high of $37.52.
According to 14 analysts, the Average Revenue Estimate is $2.62 Billion for the current Fiscal quarter.
Blackstone Group (NYSE:BX) last posted its quarterly earnings results on Thursday, February 1st. The asset manager reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The Blackstone Group L.P. (NYSE:BX) has risen 20.49% since March 1, 2017 and is uptrending. Blackstone Group had a return on equity of 22.46% and a net margin of 20.66%. The firm's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 EPS.
BX has been the subject of a number of research reports. Jefferies maintained News Corporation (NASDAQ:NWSA) on Thursday, February 8 with "Buy" rating. Vetr lowered Blackstone Group from a "strong-buy" rating to a "buy" rating and set a $35.50 price target on the stock.in a research report on Monday, December 4th. JPMorgan Chase & Co. downgraded shares of Blackstone Group from an "overweight" rating to a "hold" rating in a research report on Tuesday, February 6th. Keefe, Bruyette & Woods restated a "buy" rating and issued a $42.00 target price on shares of Blackstone Group in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock.
When price is in an uptrend and subsequently, the moving average is in an uptrend, and the moving average has been tested by price and price has bounced off the moving average a few times (i.e. the moving average is serving as a support line), then a trader might buy on the next pullbacks back to the Simple Moving Average. The shares were sold at an average price of $34.38, for a total value of $7,540,462.26. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 0.75% with $1.17 Billion sitting short, betting on future declines. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman J Tomilson Hill sold 100,000 shares of the business's stock in a transaction dated Friday, February 16th. Following the completion of the sale, the insider now directly owns 133,003 shares in the company, valued at approximately $4,542,052.45. The disclosure for this purchase can be found here. 68,004 shares valued at $2.95 million were sold by Englander Daniel J on Tuesday, January 2. As of today, the company has a SMA200 (200-day simple moving average) of 1.54 Percent.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Finally, HMI Capital LLC increased its position in shares of Blackstone Group by 23.8% in the fourth quarter. Swedbank increased its position in shares of Blackstone Group by 0.5% during the fourth quarter. Brown Advisory Securities LLC now owns 16,967 shares of the asset manager's stock worth $541,000 after purchasing an additional 7,851 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Blackstone Group in the 3rd quarter worth approximately $131,000. Based on an average trading volume of 5,372,809 shares, the short-interest ratio is presently 1.6 days. Amundi Pioneer Asset Management Inc. increased its position in shares of Blackstone Group by 165.2% in the fourth quarter. Syntal Capital Partners LLC now owns 29,102 shares of the asset manager's stock valued at $931,000 after purchasing an additional 19,645 shares during the last quarter.
The company now has an insider ownership of 0.4 Percent and Institutional ownership of 53 Percent.
Blackstone Group LP (NYSE BX) opened at $34.00 on Thursday. Its last month's stock price volatility remained 1.42% which for the week stands at 2.91%. The company has a market cap of $39,760.00, a P/E ratio of 14.21, a PEG ratio of 1.15 and a beta of 1.33.
The company 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 represents a $3.40 annualized dividend and a yield of 10.19%. The ex-dividend date was Friday, February 9th. Blackstone Group's payout ratio is now 145.92%.
TRADEMARK VIOLATION NOTICE: This report was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another website, it was stolen and reposted in violation of U.S. and global copyright and trademark legislation. The Blackstone Group L.P.is a part of Financial sector and belongs to Asset Management industry. The company has a Return on Assets (ROA) of 5.10%. Their alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds.