Economy

Price Target Estimates for The Blackstone Group LP (BX)

The Blackstone Group L.P. (NYSE:BX) reported its EPS in the last quarter as $0.69/Share beating the analyst estimate of $0.54/Share by a difference of $0.15. The firm owned 5,433,122 shares of the asset manager's stock after acquiring an additional 693,200 shares during the period.

F&V Capital Management LLC held its position in shares of Blackstone Group L.P. (NYSE:BX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock.

The Blackstone Group L.P. Bruderman Asset Management LLC now owns 8,771 shares of the company's stock worth $215,000 after buying an additional 156 shares during the last quarter. The company's revenue for the quarter was up 21.4% compared to the same quarter a year ago. Banque Pictet & Cie SA acquired a new stake in The Blackstone Group L.P.in the 2nd quarter valued at about $1,668,000.

Let's have a look at some of the important valuation ratios of the The Blackstone Group L.P. (BX).

The Blackstone Group L.P. (NYSE:BX) traded up $0.38 during trading on Friday, hitting $32.89. Trading volume for The Blackstone Group L.P. was 6.68 Million in its previous trading session. The stock has a market cap of $39.44 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.59 and a beta of 1.42.

Blackstone Group L.P. had a return on equity of 15.41% and a net margin of 23.30%. Barclays PLC dropped their target price on Blackstone Group L.P. from $33.00 to $31.00 and set an "overweight" rating on the stock in a research report on Thursday, October 13th.

The company has mean EPS estimate of 0.73 reported by 11 number of analyst for the quarter ending Current Qtr.(Dec2017). The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.39 billion. The business's quarterly revenue was up 21.4% compared to the same quarter past year. EPS ratio determined by looking at last 12 month figures is 2.32.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Investors of record on Monday, November 7th were given a $0.41 dividend. Solotar Joan sold $1.02 million worth of Blackstone Group LP (NYSE:BX) on Monday, June 5. More interesting news about Blackstone Group LP (NYSE:BX) were released by: Bloomberg.com and their article: "Blackstone Seeks $10 Billion for Infrastructure" published on October 13, 2017 as well as Bloomberg.com's news article titled: "Here's Who Could Lead Blackstone Next" with publication date: October 26, 2017. Bank of Montreal Can grew its position in The Blackstone Group L.P.by 107.7% during the 2nd quarter.

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A number of analysts have recently issued reports on BX shares.

The Blackstone Group L.P. has increased its dividend payment by an average of 22.1% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Credit Suisse Group AG reaffirmed a "buy" rating and set a $35.00 target price on shares of Blackstone Group L.P.in a research report on Monday, September 19th. BidaskClub cut The Blackstone Group L.P. from a "buy" rating to a "hold" rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered Blackstone Group L.P. from a "buy" rating to a "hold" rating in a research report on Friday, October 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $38.42.



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