29,831 Shares in Blackstone Group LP (BX) Acquired by Capital Analysts LLC

Capital Analysts LLC bought a new stake in Blackstone Group LP (NYSE:BX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 29,831 shares of the asset manager’s stock, valued at approximately $3,485,000.

Other large investors have also recently modified their holdings of the company. Honeywell International Inc. raised its holdings in Blackstone Group by 37.0% in the third quarter. Honeywell International Inc. now owns 1,019,400 shares of the asset manager’s stock valued at $34,017,000 after acquiring an additional 275,400 shares in the last quarter. Sandy Spring Bank raised its holdings in Blackstone Group by 93.4% in the third quarter. Sandy Spring Bank now owns 14,600 shares of the asset manager’s stock valued at $487,000 after acquiring an additional 7,050 shares in the last quarter. Syntal Capital Partners LLC raised its holdings in Blackstone Group by 207.7% in the fourth quarter. Syntal Capital Partners LLC now owns 29,102 shares of the asset manager’s stock valued at $931,000 after acquiring an additional 19,645 shares in the last quarter. Hilton Capital Management LLC acquired a new stake in Blackstone Group in the third quarter valued at approximately $416,000. Finally, BLB&B Advisors LLC acquired a new stake in Blackstone Group in the fourth quarter valued at approximately $289,000. 45.83% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Blackstone Group from a “hold” rating to a “sell” rating in a report on Monday, February 12th. JPMorgan Chase & Co. cut shares of Blackstone Group from an “overweight” rating to a “hold” rating in a report on Tuesday, February 6th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $42.00 price objective on shares of Blackstone Group in a report on Thursday, February 1st. Credit Suisse Group reissued a “buy” rating and set a $47.00 price objective on shares of Blackstone Group in a report on Thursday, January 11th. Finally, Vetr cut shares of Blackstone Group from a “buy” rating to a “hold” rating and set a $32.95 price objective on the stock. in a report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Blackstone Group currently has an average rating of “Hold” and an average target price of $39.90.

In other Blackstone Group news, major shareholder Group L.P. Blackstone bought 25,466 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were acquired at an average cost of $28.61 per share, with a total value of $728,582.26. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman J Tomilson Hill sold 100,000 shares of Blackstone Group stock in a transaction on Friday, February 16th. The shares were sold at an average price of $34.58, for a total transaction of $3,458,000.00. Following the completion of the transaction, the insider now directly owns 1,410,304 shares in the company, valued at $48,768,312.32. The disclosure for this sale can be found here. Insiders sold a total of 348,436 shares of company stock worth $11,981,224 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Shares of Blackstone Group LP (NYSE:BX) opened at $34.02 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.95. Blackstone Group LP has a 1-year low of $28.45 and a 1-year high of $37.52. The firm has a market cap of $22,763.69, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 1.15 and a beta of 1.34.

Blackstone Group (NYSE:BX) last released its quarterly earnings data on Thursday, February 1st. The asset manager reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Blackstone Group had a net margin of 20.66% and a return on equity of 22.46%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. sell-side analysts expect that Blackstone Group LP will post 3.1 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Monday, February 12th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 9.99%. This is a boost from Blackstone Group’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, February 9th. Blackstone Group’s payout ratio is presently 155.96%.

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Blackstone Group Profile

The Blackstone Group L.P. is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity, non-investment grade credit, secondary private equity funds of funds and multi-asset class strategies. It operates through four segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit.

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

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