Baldwin Brothers Inc. MA boosted its position in The Blackstone Group L.P. (NYSE:BX) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 442,596 shares of the asset manager’s stock after buying an additional 1,478 shares during the period. The Blackstone Group L.P. makes up about 2.4% of Baldwin Brothers Inc. MA’s portfolio, making the stock its 8th largest position. Baldwin Brothers Inc. MA owned approximately 0.07% of The Blackstone Group L.P. worth $14,761,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BX. Envestnet Asset Management Inc. boosted its position in The Blackstone Group L.P. by 52.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,663 shares of the asset manager’s stock valued at $208,000 after buying an additional 2,623 shares during the period. Guggenheim Capital LLC bought a new position in The Blackstone Group L.P. during the fourth quarter valued at $200,000. Israel Discount Bank of New York GFN bought a new position in The Blackstone Group L.P. during the fourth quarter valued at $135,000. River & Mercantile Asset Management LLP acquired a new position in shares of The Blackstone Group L.P. during the fourth quarter worth approximately $2,826,000. Finally, Quadrature Capital Ltd acquired a new position in shares of The Blackstone Group L.P. during the fourth quarter worth approximately $5,316,000. 45.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Blackstone Group L.P. (BX) opened at 33.85 on Tuesday. The stock has a market capitalization of $21.89 billion, a PE ratio of 17.54 and a beta of 1.32. The stock’s 50 day moving average price is $33.52 and its 200 day moving average price is $31.26. The Blackstone Group L.P. has a one year low of $23.33 and a one year high of $35.09.

The Blackstone Group L.P. (NYSE:BX) last announced its quarterly earnings data on Thursday, July 20th. The asset manager reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.03. The Blackstone Group L.P. had a return on equity of 19.20% and a net margin of 22.88%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the business posted $0.44 EPS. Equities research analysts predict that The Blackstone Group L.P. will post $2.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were given a dividend of $0.54 per share. The ex-dividend date was Thursday, July 27th. This represents a $2.16 dividend on an annualized basis and a yield of 6.38%. The Blackstone Group L.P.’s payout ratio is 97.30%.

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BX has been the topic of several recent analyst reports. Vetr upgraded shares of The Blackstone Group L.P. from a “buy” rating to a “strong-buy” rating and set a $34.51 target price on the stock in a report on Tuesday, May 2nd. BidaskClub lowered The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Morgan Stanley reissued an “overweight” rating and set a $40.00 price objective (up previously from $37.00) on shares of The Blackstone Group L.P. in a research report on Tuesday, July 25th. Zacks Investment Research lowered The Blackstone Group L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of The Blackstone Group L.P. in a research report on Thursday, April 27th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $37.42.

In other The Blackstone Group L.P. news, insider Joan Solotar sold 30,500 shares of The Blackstone Group L.P. stock in a transaction on Monday, June 5th. The stock was sold at an average price of $33.31, for a total value of $1,015,955.00. Following the sale, the insider now owns 150,281 shares in the company, valued at $5,005,860.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John G. Finley sold 20,000 shares of The Blackstone Group L.P. stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $32.53, for a total value of $650,600.00. Following the completion of the sale, the insider now owns 121,556 shares in the company, valued at approximately $3,954,216.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,050,500 shares of company stock worth $392,416,555. 1.00% of the stock is currently owned by company insiders.

The Blackstone Group L.P. Company 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.

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

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