The Blackstone Group (NYSE:BX) Shares Bought by Lido Advisors LLC

Lido Advisors LLC increased its holdings in The Blackstone Group (NYSE:BX) by 40.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,561 shares of the asset manager’s stock after acquiring an additional 6,202 shares during the period. Lido Advisors LLC’s holdings in The Blackstone Group were worth $690,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in BX. Bank of Montreal Can raised its stake in shares of The Blackstone Group by 77.0% during the 4th quarter. Bank of Montreal Can now owns 22,232,729 shares of the asset manager’s stock worth $711,892,000 after purchasing an additional 9,669,716 shares in the last quarter. Swedbank raised its stake in shares of The Blackstone Group by 0.5% during the 4th quarter. Swedbank now owns 5,462,185 shares of the asset manager’s stock worth $174,899,000 after purchasing an additional 29,063 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of The Blackstone Group by 4.6% during the 3rd quarter. Wells Fargo & Company MN now owns 3,673,160 shares of the asset manager’s stock worth $122,573,000 after purchasing an additional 162,768 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in shares of The Blackstone Group by 165.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,535,792 shares of the asset manager’s stock worth $113,216,000 after purchasing an additional 2,202,719 shares in the last quarter. Finally, HMI Capital LLC raised its stake in shares of The Blackstone Group by 23.8% during the 4th quarter. HMI Capital LLC now owns 2,652,707 shares of the asset manager’s stock worth $84,940,000 after purchasing an additional 509,707 shares in the last quarter. 48.47% of the stock is owned by hedge funds and other institutional investors.

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A number of equities research analysts have recently weighed in on BX shares. Credit Suisse Group reaffirmed a “buy” rating and set a $47.00 price target on shares of The Blackstone Group in a research note on Thursday, January 11th. ValuEngine downgraded The Blackstone Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 28th. Zacks Investment Research downgraded The Blackstone Group from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Vetr downgraded The Blackstone Group from a “buy” rating to a “hold” rating and set a $32.95 price target for the company. in a research note on Wednesday, January 10th. Finally, JPMorgan Chase raised The Blackstone Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $34.53 to $46.00 in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $39.90.

Shares of BX stock opened at $31.01 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.10. The Blackstone Group has a twelve month low of $28.85 and a twelve month high of $37.52. The company has a market capitalization of $20,629.44, a P/E ratio of 11.14, a P/E/G ratio of 1.06 and a beta of 1.36.

The Blackstone Group (NYSE:BX) last issued its quarterly earnings data on Thursday, February 1st. The asset manager reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.73 billion. The Blackstone Group had a return on equity of 22.27% and a net margin of 20.66%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business earned $0.68 EPS. research analysts forecast that The Blackstone Group will post 3.11 EPS for the current year.

In other The Blackstone Group news, Vice Chairman J Tomilson Hill sold 53,037 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $34.01, for a total value of $1,803,788.37. Following the sale, the insider now owns 1,010,304 shares of the company’s stock, valued at approximately $34,360,439.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John G. Finley sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $34.15, for a total value of $751,300.00. Following the completion of the sale, the insider now directly owns 133,003 shares in the company, valued at approximately $4,542,052.45. The disclosure for this sale can be found here. Insiders sold a total of 672,000 shares of company stock worth $23,130,874 in the last ninety days. Insiders own 1.00% of the company’s stock.

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The Blackstone Group Profile

The Blackstone Group L.P. is a publicly owned hedge fund sponsor. The firm also provides financial advisory 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.

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

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