Blackstone Group L.P. (NYSE:BX)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group in a research note issued on Wednesday.

Other research analysts have also issued research reports about the company. Deutsche Bank AG reiterated a “hold” rating on shares of Blackstone Group L.P. in a research report on Sunday, July 10th. Vetr upgraded Blackstone Group L.P. from a “buy” rating to a “strong-buy” rating and set a $31.48 target price on the stock in a research report on Monday, July 25th. Keefe, Bruyette & Woods decreased their target price on Blackstone Group L.P. from $34.00 to $33.00 and set a “market perform” rating on the stock in a research report on Monday, July 11th. Zacks Investment Research raised Blackstone Group L.P. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Finally, Barclays PLC increased their price objective on Blackstone Group L.P. from $29.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, August 9th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Blackstone Group L.P. currently has a consensus rating of “Buy” and an average price target of $33.95.

Analyst Recommendations for Blackstone Group L.P. (NYSE:BX)

Shares of Blackstone Group L.P. (NYSE:BX) traded down 0.58% during mid-day trading on Wednesday, hitting $24.16. 3,651,105 shares of the stock were exchanged. The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 50.97 and a beta of 1.57. The company has a 50-day moving average price of $26.04 and a 200-day moving average price of $26.44. Blackstone Group L.P. has a 12 month low of $22.31 and a 12 month high of $35.00.

Blackstone Group L.P. (NYSE:BX) last announced its earnings results on Thursday, July 21st. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. Blackstone Group L.P. had a return on equity of 6.15% and a net margin of 15.50%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.43 EPS. The business’s revenue was down 2.7% on a year-over-year basis. Equities analysts expect that Blackstone Group L.P. will post $2.06 earnings per share for the current year.

In related news, insider Kathleen Skero sold 11,500 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $26.51, for a total transaction of $304,865.00. Following the completion of the transaction, the insider now directly owns 42,967 shares in the company, valued at approximately $1,139,055.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BX. Hollencrest Securities LLC boosted its position in shares of Blackstone Group L.P. by 11.9% in the third quarter. Hollencrest Securities LLC now owns 50,572 shares of the company’s stock worth $1,291,000 after buying an additional 5,358 shares during the period. Prospera Financial Services Inc boosted its position in shares of Blackstone Group L.P. by 489.3% in the third quarter. Prospera Financial Services Inc now owns 253,000 shares of the company’s stock worth $6,459,000 after buying an additional 210,067 shares during the period. Baltimore Washington Financial Advisors Inc. boosted its position in shares of Blackstone Group L.P. by 1.8% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 248,755 shares of the company’s stock worth $6,351,000 after buying an additional 4,472 shares during the period. North Star Investment Management Corp. boosted its position in shares of Blackstone Group L.P. by 3.0% in the third quarter. North Star Investment Management Corp. now owns 149,302 shares of the company’s stock worth $3,812,000 after buying an additional 4,390 shares during the period. Finally, Carroll Financial Associates Inc. boosted its position in shares of Blackstone Group L.P. by 36.3% in the third quarter. Carroll Financial Associates Inc. now owns 8,494 shares of the company’s stock worth $216,000 after buying an additional 2,264 shares during the period. Institutional investors own 49.11% of the company’s stock.

Blackstone Group L.P. Company Profile

The Blackstone Group L.P. (Blackstone) is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and other multi-asset class strategies.

5 Day Chart for NYSE:BX

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