Moseley Investment Management Inc. boosted its stake in shares of Blackstone Group LP (NYSE:BX) by 32.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,765 shares of the asset manager’s stock after purchasing an additional 2,419 shares during the quarter. Moseley Investment Management Inc.’s holdings in Blackstone Group were worth $434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Resources Investment Advisors Inc. boosted its position in Blackstone Group by 606.0% during the first quarter. Resources Investment Advisors Inc. now owns 706 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 606 shares in the last quarter. Sound Income Strategies LLC boosted its position in Blackstone Group by 69.4% during the first quarter. Sound Income Strategies LLC now owns 732 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 300 shares in the last quarter. Investors Research Corp bought a new stake in Blackstone Group during the first quarter valued at about $28,000. Meridian Wealth Management LLC bought a new stake in Blackstone Group during the first quarter valued at about $32,000. Finally, Centaurus Financial Inc. boosted its position in Blackstone Group by 194.0% during the first quarter. Centaurus Financial Inc. now owns 1,035 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 683 shares in the last quarter. 47.16% of the stock is currently owned by institutional investors.

In other news, Director Bennett J. Goodman sold 115,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $39.58, for a total value of $4,551,700.00. Following the completion of the transaction, the director now directly owns 250,000 shares in the company, valued at $9,895,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Holdings L.P. Blackstone III acquired 120,358 shares of Blackstone Group stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average price of $23.92 per share, with a total value of $2,878,963.36. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 502,758 shares of company stock valued at $12,111,647. Company insiders own 1.00% of the company’s stock.

A number of equities research analysts have commented on the company. ValuEngine upgraded Alleghany from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Deutsche Bank set a $128.00 price target on United Rentals and gave the company a “hold” rating in a research note on Friday, July 19th. JMP Securities assumed coverage on Fiverr International in a research note on Monday, July 8th. They issued an “outperform” rating and a $33.00 price target for the company. Citigroup set a $317.00 price target on Mastercard and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Oppenheimer set a $312.00 price target on UnitedHealth Group and gave the company a “buy” rating in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Blackstone Group currently has a consensus rating of “Buy” and an average target price of $47.22.

Blackstone Group stock opened at $49.26 on Friday. The company has a 50-day simple moving average of $45.41. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. Blackstone Group LP has a one year low of $26.88 and a one year high of $49.81. The stock has a market capitalization of $32.46 billion, a PE ratio of 21.80, a PEG ratio of 1.08 and a beta of 1.47.

Blackstone Group (NYSE:BX) last released its quarterly earnings results on Thursday, July 18th. The asset manager reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Blackstone Group had a return on equity of 11.28% and a net margin of 20.51%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business posted $0.90 earnings per share. The firm’s revenue was down 43.5% compared to the same quarter last year. Equities research analysts predict that Blackstone Group LP will post 2.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Monday, July 29th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Friday, July 26th. Blackstone Group’s payout ratio is 65.49%.

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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