Economy

The Blackstone Group LP (NYSE:BX) Future Growth Projections From Analysts

Blackstone Group (NYSE:BX) last announced its quarterly earnings results on Thursday, October 19th.

Looking at the Analyst Recommendations of the stock, 2 Analysts issued a Buy for MoSys, 2 gave Outperform, 19 analysts gave Hold Rating, 3 issued Underperform and 1 marked the stock as Sell.

Motco increased its stake in Altria Group Inc.

Ycg Llc decreased its stake in Aon Plc (AON) by 32.83% based on its latest 2017Q3 regulatory filing with the SEC. Sadoff Invest Management Ltd Liability Co accumulated 0.98% or 329,750 shares.

The company holds a market cap of 40.25B with a P/E of 14.35 indicating whether its share price properly reflects its performance. The company has market cap of $39.17 billion. The stock increased 0.58% or $0.2 during the last trading session, reaching $34.97. Following the transaction, the insider now directly owns 87,852 shares in the company, valued at approximately $2,779,637.28. It has underperformed by 4.78% the S&P500. Blackstone Group accounts for approximately 2.0% of Renaissance Investment Group LLC's holdings, making the stock its 22nd biggest position. The stock of The Blackstone Group L.P. (NYSE:BX) earned "Outperform" rating by RBC Capital Markets on Tuesday, January 26. Therefore 21% are positive.

Analysts await The Blackstone Group L.P. (NYSE:BX) to report earnings on January, 25. Citigroup upgraded The Blackstone Group L.P. (NYSE:BX) on Monday, May 22 to "Buy" rating.

In other news, major shareholder Holdings L.P. Blackstone III sold 9,728,297 shares of the company's stock in a transaction dated Friday, January 13th. The firm has "Overweight" rating by Barclays Capital given on Tuesday, August 11. The stock presently has a consensus rating of "Buy" and a consensus price target of $38.25. The firm has "Sell" rating given on Tuesday, August 4 by Zacks. About 1.09 million shares traded or 45.08% up from the average. It also reduced its holding in Waste Mgmt Inc Del (NYSE:WM) by 34,716 shares in the quarter, leaving it with 18,264 shares, and cut its stake in Bard C R Inc (NYSE:BCR).

Since December 13, 2017, it had 0 buys, and 1 insider sale for $632,896 activity.

Investors sentiment decreased to 1.24 in 2017 Q3.

Sell side analysts plays vital role in buying and selling a stock where 3 analysts rated The Blackstone Group L.P. (NYSE:BX) as Buy, 0 analysts given Outperform signal, 1 reported Hold, and 0 analysts rated the stock as Sell. It turned negative, as 29 investors sold BX shares while 155 reduced holdings. 52 funds opened positions while 177 raised stakes. FMR LLC raised its holdings in shares of Blackstone Group by 3.5% during the 2nd quarter. Cibc Ww Inc, Ontario - Canada-based fund reported 141,692 shares. Paw reported 15,000 shares. Hilton Cap Limited Co invested in 0.07% or 12,480 shares. While talking about Performance of the Stock, The Blackstone Group L.P. now has a Weekly performance of 2.31%, monthly performance percentage is 3.58 percent, Quarterly performance is -0.89 percent, 6 months performance shows a percent value of 1.16% and Yearly Performance is 11.61 percent. Evercore Wealth Mngmt Ltd, New York-based fund reported 1.50M shares. Finally, Oppenheimer restated a "buy" rating on shares of Blackstone Group in a research report on Thursday, October 19th. Fifth Third Commercial Bank owns 30,448 shares for 0.01% of their portfolio. Qci Asset has 1,000 shares. Moreover, Syntal Ptnrs Llc has 0.23% invested in The Blackstone Group L.P. (NYSE:BX) for 9,457 shares.

The top gainer with a security that increased in price during today's trading was The Blackstone Group L.P. (NYSE:BX). Banque Pictet & Cie Sa holds 50,000 shares. (NASDAQ:TRIP). Marathon Asset Ltd Liability Partnership, United Kingdom-based fund reported 338,545 shares. Focused Wealth Inc invested in 1.33% or 119,865 shares. Quantbot Technologies LP holds 0.13% of its portfolio in LPL Financial Holdings Inc. Hedge funds and other institutional investors own 43.26% of the company's stock.

Among 19 analysts covering Altria Group Inc. Therefore 76% are positive. The Blackstone Group L.P. had 55 analyst reports since August 9, 2015 according to SRatingsIntel. Wells Fargo initiated JD.com, Inc. JP Morgan has "Neutral" rating and $61 target. The stock of TripAdvisor, Inc. The firm's stock has a market capitalization of $40.25 bln. (NASDAQ:JD) on Monday, January 9 to "Overweight" rating. Jefferies maintained it with "Hold" rating and $72.0 target in Friday, November 17 report. The rating was maintained by Jefferies on Friday, October 6 with "Buy". The firm has "Buy" rating by M Partners given on Tuesday, December 15. Jefferies maintained JD.com, Inc.

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