Economy

The Blackstone Group LP (BX) Posts Quarterly Earnings Results

About 3.72 million shares traded or 48.21% up from the average. Leaf Group Ltd (NYSE:LFGR) has risen 51.32% since October 18, 2016 and is uptrending.

The Blackstone Group L.P.is a global alternative asset manager. Vantage Investment Partners Llc bought 169,000 shares as the company's stock declined 1.16% while stock markets rallied. The Alps Advisors Inc holds 1.04 million shares with $34.53M value, down from 1.08 million last quarter. Blackstone Group LP (Prn) now has $40.22B valuation. BX has diverse figures for different time frames; starting from week's performance it going forward toward positive percentage of 0.42% in last five regular trading sessions.

Based on the latest brokerage notes which have been released to investors, 6 brokers have issued a rating of "strong buy", 6 brokers "buy", 2 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell".

The Blackstone Group L.P. has a 52 week low of $23.33 and a 52 week high of $35.09. It has outperformed by 3.79% the S&P500.

BT Group plc is a communications services company. The company has market cap of $150.03 million. It now has negative earnings.

The Blackstone Group L.P. most recently reported earnings per share (EPS) of $0.59 for the June 2017 versus $0.44 in the same quarter a year ago, representing 34% growth. They expect $0.65 earnings per share, up 14.04% or $0.08 from last year's $0.57 per share. BX's profit would be $776.79 million giving it 12.92 P/E if the $0.65 EPS is correct. The asset manager reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.15. The 50 day moving average was up $0.54 and the 200 day average was up $1.04. Shares for $1.02 million were sold by Solotar Joan. The SEC filing shows that Finley John G performed a sale of 20,000 shares. The Blackstone Group L.P. (BX) has an operating margin of 47.40%. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Therefore 78% are positive. Argus Research maintained the stock with "Buy" rating in Tuesday, October 27 report. The firm earned "Outperform" rating on Friday, July 14 by Oppenheimer. The company maintains price to book ratio of -. Exane Derivatives reported 125,240 shares.

02/02/2016 - The Blackstone Group L.P. had its "buy" rating reiterated by analysts at Argus. The firm earned "Buy" rating on Friday, September 18 by Deutsche Bank. The stock of Blackstone Group LP (NYSE:BX) has "Buy" rating given on Thursday, July 20 by JMP Securities. The firm has "Buy" rating by Keefe Bruyette & Woods given on Monday, August 14.

A statistical measure of the dispersion of returns (volatility) for BX producing salvation in Investors mouth, it has week volatility of 1.03% and for the month booked as 1.48%. Its down 0.06, from 1.7 in 2017Q1.

Hedge funds have recently added to or reduced their stakes in the business. 283.35 million shares or 0.22% more from 282.74 million shares in 2017Q1 were reported. Days to cover decreased 0.0 to 5.0 and the percentage of shorted shares was 0.02% on September 29. Texas Yale Capital holds 0.37% or 125,614 shares in its portfolio.

Addenda Capital Inc increased Mag Silver Corp (MVG) stake by 4.41% reported in 2017Q2 SEC filing. Geneva Advsrs Lc holds 1.04% or 1.80M shares in its portfolio. Moreover, North Star Inv has 1.06% invested in Blackstone Group LP (NYSE:BX) for 237,698 shares. Ironwood Fincl Ltd Limited Liability Company, Arizona-based fund reported 50 shares. The insider now directly owns 707,092 shares worth $24,048,199. The firm has "Overweight" rating given on Tuesday, August 11 by Barclays Capital.

It will be interesting to see how The Blackstone Group L.P. does in the future, and for investors alike. Sterling Cap Limited Liability Corporation holds 0% or 9,000 shares.

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