Sii Investments Inc. WI reduced its stake in shares of The Blackstone Group L.P. (NYSE:BX) by 15.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,174 shares of the asset manager’s stock after selling 4,353 shares during the quarter. Sii Investments Inc. WI’s holdings in The Blackstone Group L.P. were worth $808,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC grew its position in shares of The Blackstone Group L.P. by 3.5% during the 2nd quarter. FMR LLC now owns 40,769,760 shares of the asset manager’s stock worth $1,359,671,000 after buying an additional 1,387,363 shares during the period. Morgan Stanley grew its position in shares of The Blackstone Group L.P. by 6.0% during the 1st quarter. Morgan Stanley now owns 32,790,651 shares of the asset manager’s stock worth $973,884,000 after buying an additional 1,859,744 shares during the period. Janus Capital Management LLC grew its position in shares of The Blackstone Group L.P. by 15.8% during the 1st quarter. Janus Capital Management LLC now owns 18,754,093 shares of the asset manager’s stock worth $556,990,000 after buying an additional 2,565,390 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of The Blackstone Group L.P. by 6.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,972,178 shares of the asset manager’s stock worth $385,275,000 after buying an additional 841,476 shares during the period. Finally, Bank of Montreal Can grew its position in shares of The Blackstone Group L.P. by 107.7% during the 2nd quarter. Bank of Montreal Can now owns 11,475,121 shares of the asset manager’s stock worth $382,695,000 after buying an additional 5,951,587 shares during the period. Institutional investors own 46.58% of the company’s stock.

Shares of The Blackstone Group L.P. (NYSE BX) traded down 0.134% during trading on Thursday, hitting $33.515. The company had a trading volume of 665,506 shares. The stock has a 50-day moving average of $32.34 and a 200 day moving average of $31.99. The stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 15.070 and a beta of 1.33. The Blackstone Group L.P. has a 12-month low of $23.33 and a 12-month 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.03). The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.49 billion. The Blackstone Group L.P. had a return on equity of 18.97% and a net margin of 22.88%. During the same quarter in the previous year, the business posted $0.44 EPS. On average, analysts predict that The Blackstone Group L.P. will post $2.80 EPS for the current fiscal year.

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Several equities analysts have recently issued reports on BX shares. Credit Suisse Group decreased their target price on The Blackstone Group L.P. from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, August 30th. BidaskClub lowered The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Morgan Stanley reiterated an “overweight” rating and issued a $40.00 price objective (up 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, Vetr upgraded The Blackstone Group L.P. from a “buy” rating to a “strong-buy” rating and set a $37.55 price objective for the company in a research report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $37.72.

The Blackstone Group L.P. 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 The Blackstone Group L.P. (NYSE:BX)

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