Blackstone Group LP (NYSE:BX) major shareholder Holdings L.P. Blackstone III purchased 2,720 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was bought at an average price of $24.49 per share, with a total value of $66,612.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Holdings L.P. Blackstone III also recently made the following trade(s):

  • On Thursday, April 11th, Holdings L.P. Blackstone III purchased 26,823 shares of Blackstone Group stock. The stock was bought at an average price of $24.50 per share, with a total value of $657,163.50.
  • On Tuesday, April 9th, Holdings L.P. Blackstone III purchased 46,301 shares of Blackstone Group stock. The stock was bought at an average price of $24.48 per share, with a total value of $1,133,448.48.
  • On Wednesday, March 27th, Holdings L.P. Blackstone III purchased 308,992 shares of Blackstone Group stock. The stock was bought at an average price of $23.76 per share, with a total value of $7,341,649.92.
  • On Monday, March 25th, Holdings L.P. Blackstone III purchased 700 shares of Blackstone Group stock. The stock was bought at an average price of $24.50 per share, with a total value of $17,150.00.
  • On Monday, March 18th, Holdings L.P. Blackstone III purchased 75,000 shares of Blackstone Group stock. The stock was bought at an average price of $24.16 per share, with a total value of $1,812,000.00.
  • On Thursday, March 14th, Holdings L.P. Blackstone III purchased 109,500 shares of Blackstone Group stock. The stock was bought at an average price of $23.95 per share, with a total value of $2,622,525.00.

Shares of Blackstone Group stock opened at $38.62 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $25.43 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 3.89 and a beta of 1.43. Blackstone Group LP has a 1-year low of $26.88 and a 1-year high of $40.60.

Blackstone Group (NYSE:BX) last posted its quarterly earnings results on Thursday, April 18th. The asset manager reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.08). The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.48 billion. Blackstone Group had a return on equity of 12.74% and a net margin of 23.35%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. On average, analysts predict that Blackstone Group LP will post 2.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Monday, April 29th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.83%. Blackstone Group’s dividend payout ratio (DPR) is 102.65%.

Several brokerages have recently weighed in on BX. Zacks Investment Research upgraded Blackstone Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Morgan Stanley lowered their target price on Blackstone Group from $42.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 4th. Finally, ValuEngine upgraded Blackstone Group from a “hold” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $42.54.

A number of large investors have recently bought and sold shares of the stock. Sound Income Strategies LLC lifted its holdings in Blackstone Group by 69.4% in the first quarter. Sound Income Strategies LLC now owns 732 shares of the asset manager’s stock worth $26,000 after acquiring an additional 300 shares during the last quarter. JOYN Advisors Inc. raised its holdings in Blackstone Group by 4.5% during the fourth quarter. JOYN Advisors Inc. now owns 7,652 shares of the asset manager’s stock worth $228,000 after purchasing an additional 329 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Blackstone Group by 6.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 5,906 shares of the asset manager’s stock worth $176,000 after buying an additional 347 shares during the last quarter. NewSquare Capital LLC grew its position in Blackstone Group by 0.8% in the fourth quarter. NewSquare Capital LLC now owns 48,277 shares of the asset manager’s stock worth $1,439,000 after buying an additional 402 shares during the last quarter. Finally, HGK Asset Management Inc. grew its position in Blackstone Group by 2.8% in the fourth quarter. HGK Asset Management Inc. now owns 14,886 shares of the asset manager’s stock worth $444,000 after buying an additional 405 shares during the last quarter. Institutional investors and hedge funds own 50.27% of the company’s stock.

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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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Insider Buying and Selling by Quarter for Blackstone Group (NYSE:BX)

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