The Research Analysts’ Weekly Ratings Updates for The Blackstone Group L.P. (BX)

The Research Analysts’ Weekly Ratings Updates for The Blackstone Group L.P. (BX)

Several brokerages have updated their recommendations and price targets on shares of The Blackstone Group L.P. (NYSE: BX) in the last few weeks:

Shares of The Blackstone Group L.P. (NYSE:BX) opened at 29.58 on Thursday. The firm’s 50-day moving average price is $28.65 and its 200 day moving average price is $26.48. The Blackstone Group L.P. has a 12 month low of $22.31 and a 12 month high of $31.16. The company has a market cap of $18.67 billion, a PE ratio of 24.65 and a beta of 1.44.

The Blackstone Group L.P. (NYSE:BX) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.08. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.55 billion. The Blackstone Group L.P. had a net margin of 23.30% and a return on equity of 15.41%. During the same period in the previous year, the firm posted ($0.35) EPS. Equities research analysts anticipate that The Blackstone Group L.P. will post $1.99 earnings per share for the current fiscal year.

In other news, major shareholder Holdings L.P. Blackstone III sold 9,728,297 shares of The Blackstone Group L.P. stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $22.66, for a total transaction of $220,443,210.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John G. Finley sold 10,000 shares of The Blackstone Group L.P. stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $29.00, for a total transaction of $290,000.00. Following the sale, the insider now directly owns 100,745 shares in the company, valued at approximately $2,921,605. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

The Blackstone Group L.P. (Blackstone) is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and other multi-asset class strategies.

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