Financial Architects Inc reduced its position in Blackstone Group LP (NYSE:BX) by 3.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,795 shares of the asset manager’s stock after selling 364 shares during the quarter. Financial Architects Inc’s holdings in Blackstone Group were worth $492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in BX. Marshall Wace LLP purchased a new stake in Blackstone Group in the first quarter worth $50,000. State Street Corp purchased a new stake in Blackstone Group in the third quarter worth $45,295,000. AE Wealth Management LLC increased its position in Blackstone Group by 26.2% in the fourth quarter. AE Wealth Management LLC now owns 7,359 shares of the asset manager’s stock worth $412,000 after buying an additional 1,526 shares during the last quarter. Sciencast Management LP purchased a new stake in Blackstone Group in the fourth quarter worth $446,000. Finally, Reilly Financial Advisors LLC increased its position in Blackstone Group by 57.9% in the fourth quarter. Reilly Financial Advisors LLC now owns 1,093 shares of the asset manager’s stock worth $61,000 after buying an additional 401 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Blackstone Group stock traded up $0.47 during midday trading on Friday, hitting $51.07. 3,421,008 shares of the company’s stock were exchanged, compared to its average volume of 6,473,702. Blackstone Group LP has a 52-week low of $33.00 and a 52-week high of $64.97. The stock has a 50-day moving average price of $48.21 and a two-hundred day moving average price of $53.47. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $33.90 billion, a P/E ratio of 69.96, a PEG ratio of 13.19 and a beta of 1.45.

Blackstone Group (NYSE:BX) last posted its earnings results on Thursday, April 23rd. The asset manager reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.04). Blackstone Group had a return on equity of 13.87% and a net margin of 27.93%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. As a group, sell-side analysts expect that Blackstone Group LP will post 2.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.05%. The ex-dividend date was Friday, May 1st. Blackstone Group’s dividend payout ratio (DPR) is currently 67.53%.

In other news, major shareholder Blackstone Group Inc purchased 333,965 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of $26.02 per share, with a total value of $8,689,769.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have acquired 1,665,085 shares of company stock valued at $41,383,583. Corporate insiders own 1.00% of the company’s stock.

Several brokerages have recently weighed in on BX. Citigroup lifted their price target on Blackstone Group from $53.50 to $57.50 and gave the company a “buy” rating in a research report on Friday, April 24th. Barclays reiterated a “buy” rating and issued a $70.00 price target on shares of Blackstone Group in a research report on Sunday, February 2nd. BMO Capital Markets reiterated a “market perform” rating and issued a $53.00 price target on shares of Blackstone Group in a research report on Friday, January 31st. Credit Suisse Group reiterated a “buy” rating and issued a $65.00 price target on shares of Blackstone Group in a research report on Sunday, February 2nd. Finally, Bank of America reduced their price target on Blackstone Group from $52.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.35.

Blackstone Group Profile

The Blackstone Group Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia.

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

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