Economy

The Blackstone Group LP (BX) Position Lifted by Archford Capital Strategies LLC

Deutsche Bank AG upped their target price on The Blackstone Group L.P. from $32.00 to $33.00 and gave the stock a "hold" rating in a report on Friday, July 21st. The stock has a consensus rating of Buy and a consensus target price of $38.42.

Analysts on average have given a price target of $39.32 to The Blackstone Group L.P. (BX) stock. Bahl Gaynor invested 0.03% in Blackstone Group LP (NYSE:BX). The rating was maintained by Bank of America with "Buy" on Friday, October 20.

Press coverage about The Blackstone Group L.P. (NYSE:BX) has trended positive recently, according to Accern Sentiment. Jefferies maintained the stock with "Buy" rating in Friday, October 6 report. The company was maintained on Friday, September 18 by Deutsche Bank.

The latest broker reports which have been released state 6 analysts have a rating of "buy", 6 analysts "outperform", 2 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Therefore 33% are positive. MeetMe Inc had 18 analyst reports since October 28, 2015 according to SRatingsIntel. As per Thursday, September 3, the company rating was downgraded by Macquarie Research. The company was maintained on Tuesday, July 25 by Morgan Stanley. Comparatively, The Blackstone Group L.P. posted earnings of $0.81 per share in the same quarter previous year. Citigroup upgraded the stock to "Buy" rating in Monday, May 22 report. As per Monday, August 3, the company rating was downgraded by Oddo & Cie. Its down 5.75% from 31,300 shares previously. It is down 20.49% since October 25, 2016 and is uptrending. It has outperformed by 9.58% the S&P500. The Firm develops and makes components and systems for automobile interiors, as well as driver and passenger seats. It has a 14.93 P/E ratio. It is organized into two business divisions: Automotive and Seating Systems. The company has an Average True Range (ATR) value of 0.55, while a Beta Value of 1.34.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. 79 funds opened positions while 190 raised stakes.

ILLEGAL ACTIVITY WARNING: "Favorable Media Coverage Somewhat Unlikely to Impact The Blackstone Group L.P. (NYSE:BX) Share Price" was published by StockNewsTimes and is the property of of StockNewsTimes. Valley Natl Advisers Incorporated holds 0.23% or 19,135 shares. Pinebridge Invs LP has 0.04% invested in Blackstone Group LP (NYSE:BX) for 45,970 shares. Riverpark Capital Mgmt Lc holds 4.83% of its portfolio in Blackstone Group LP (NYSE:BX) for 1.26M shares. Moreover, Bessemer Grp Inc has 0% invested in Blackstone Group LP (NYSE:BX) for 11,800 shares. Wade G W Incorporated reported 0.16% stake. Tower Bridge Advsrs has invested 0% in Blackstone Group LP (NYSE:BX). The most recent shifts in number of shares owned by institutions came on June 30, 2017 when Geode Capital Management, Llc sold 28 shares from its total ownership of 2661. Artemis Invest Llp holds 1.74% of its portfolio in Blackstone Group LP (NYSE:BX) for 2.15 million shares.

11/23/2015 - JP Morgan began new coverage on The Blackstone Group L.P. giving the company a "neutral" rating. Dearborn Prtnrs Limited stated it has 0.02% of its portfolio in Blackstone Group LP (NYSE:BX). Warren Averett Asset Management Ltd Liability invested in 0.07% or 8,772 shares.

The Blackstone Group L.P.is a global alternative asset manager. Solotar Joan also sold $1.02M worth of Blackstone Group LP (NYSE:BX) shares. About 13,680 shares traded. The Blackstone Group L.P. (NYSE:BX) has a 20-Day average volume of 3.24 Million. It has outperformed by 3.79% the S&P500.

River & Mercantile Asset Management Llp decreased Blackstone Group Lp/The (BX) stake by 19.14% reported in 2017Q2 SEC filing. 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.

Usually, the ROE ratio's between 12-15 percent are considered desirable. However, 4.41% over the last one month, 0.29% for the last quarter and year to date performance stands at 27.97%. BX's profit will be $778.73 million for 13.38 P/E if the $0.65 EPS becomes a reality. The asset manager reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.55 by $0.14.

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