Cozad Asset Management Inc. lowered its stake in shares of Blackstone Group LP (NYSE:BX) by 13.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,893 shares of the asset manager’s stock after selling 18,517 shares during the period. Blackstone Group comprises about 1.3% of Cozad Asset Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Cozad Asset Management Inc.’s holdings in Blackstone Group were worth $3,663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the business. Rehmann Capital Advisory Group raised its holdings in shares of Blackstone Group by 12.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 5,443 shares of the asset manager’s stock valued at $207,000 after purchasing an additional 593 shares in the last quarter. Coe Capital Management LLC raised its holdings in shares of Blackstone Group by 8.2% during the 3rd quarter. Coe Capital Management LLC now owns 15,595 shares of the asset manager’s stock valued at $594,000 after purchasing an additional 1,180 shares in the last quarter. Leavell Investment Management Inc. raised its holdings in shares of Blackstone Group by 3.4% during the 3rd quarter. Leavell Investment Management Inc. now owns 45,000 shares of the asset manager’s stock valued at $1,714,000 after purchasing an additional 1,500 shares in the last quarter. LLBH Private Wealth Management LLC raised its holdings in shares of Blackstone Group by 2.5% during the 3rd quarter. LLBH Private Wealth Management LLC now owns 74,298 shares of the asset manager’s stock valued at $2,829,000 after purchasing an additional 1,791 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its holdings in shares of Blackstone Group by 10.4% during the 3rd quarter. TRUE Private Wealth Advisors now owns 19,107 shares of the asset manager’s stock valued at $728,000 after purchasing an additional 1,805 shares in the last quarter. 49.61% of the stock is owned by institutional investors.

Shares of NYSE:BX traded down $0.11 on Monday, hitting $31.86. 66,551 shares of the company were exchanged, compared to its average volume of 4,681,025. Blackstone Group LP has a one year low of $26.88 and a one year high of $40.60. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $21.02 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 1.50 and a beta of 1.33.

Blackstone Group (NYSE:BX) last posted its quarterly earnings data on Thursday, October 18th. The asset manager reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Blackstone Group had a net margin of 22.34% and a return on equity of 22.67%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. Equities analysts predict that Blackstone Group LP will post 2.85 EPS for the current year.

In related news, major shareholder Blackstone Bgsl Holdings Llc acquired 192,000 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were bought at an average price of $25.00 per share, for a total transaction of $4,800,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

BX has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Blackstone Group from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Wednesday, October 17th. Argus lifted their target price on shares of Blackstone Group from $39.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, September 25th. Morgan Stanley dropped their target price on shares of Blackstone Group from $42.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 4th. JMP Securities lifted their target price on shares of Blackstone Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, September 24th. Finally, Deutsche Bank dropped their target price on shares of Blackstone Group from $35.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, November 16th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $42.54.

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About Blackstone Group

The Blackstone Group L.P. is a publicly owned alternative asset manager. The firm also provides capital markets services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations, retirees, sovereign wealth funds, and institutional and individual investors.

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Institutional Ownership by Quarter for Blackstone Group (NYSE:BX)

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