Ownership Action Alert: Blackstone Group LP’s (NYSE:BX) Sentiment is 1.28

November 28, 2016 - By kentuckypostne   ·   0 Comments

Ownership Action Alert: Blackstone Group LP's (NYSE:BX) Sentiment is 1.28

Sentiment for Blackstone Group LP (NYSE:BX)

Blackstone Group LP (NYSE:BX) institutional sentiment increased to 1.28 in Q2 2016. Its up 0.31, from 0.97 in 2016Q1. The ratio is better, as 184 investment professionals increased or started new equity positions, while 190 trimmed and sold holdings in Blackstone Group LP. The investment professionals in our partner’s database now possess: 266.64 million shares, up from 264.53 million shares in 2016Q1. Also, the number of investment professionals holding Blackstone Group LP in their top 10 equity positions decreased from 15 to 10 for a decrease of 5. Sold All: 55 Reduced: 135 Increased: 153 New Position: 31.

The Blackstone Group L.P. is a global alternative asset manager. The company has a market cap of $31.91 billion. 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. It has a 20.68 P/E ratio. The Company’s divisions include Private Equity, Real Estate, Hedge Fund Solutions and Credit.

About 1.20 million shares traded hands. Blackstone Group LP (NYSE:BX) has declined 6.15% since April 25, 2016 and is downtrending. It has underperformed by 12.16% the S&P500.

Analysts await Blackstone Group LP (NYSE:BX) to report earnings on January, 26. They expect $0.59 EPS, up 59.46% or $0.22 from last year’s $0.37 per share. BX’s profit will be $719.96 million for 11.08 P/E if the $0.59 EPS becomes a reality. After $0.57 actual EPS reported by Blackstone Group LP for the previous quarter, Wall Street now forecasts 3.51% EPS growth.

According to Zacks Investment Research, “Blackstone is one of the world’s leading investment and advisory firms. Their alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services.”

Walnut Private Equity Partners Llc holds 13.41% of its portfolio in Blackstone Group LP for 586,819 shares. Hmi Capital Llc owns 1.51 million shares or 6.98% of their US portfolio. Moreover, Jw Asset Management Llc has 5.75% invested in the company for 295,009 shares. The Netherlands-based Ing Groep Nv has invested 5.22% in the stock. Tiger Management L.L.C., a New York-based fund reported 648,700 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 2 sales for $611,435 net activity.

Blackstone Group LP (NYSE:BX) Ratings Coverage

Ratings analysis reveals 64% of The Blackstone Group L.P.’s analysts are positive. Out of 14 Wall Street analysts rating The Blackstone Group L.P., 9 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $26 while the high is $49. The stock’s average target of $36.22 is 38.51% above today’s ($26.15) share price. BX was included in 40 notes of analysts from August 9, 2015. The rating was maintained by Susquehanna with “Positive” on Thursday, September 3. Argus Research maintained it with “Buy” rating and $43 target price in Tuesday, October 27 report. The rating was maintained by Deutsche Bank on Thursday, June 16 with “Hold”. The stock of Blackstone Group LP (NYSE:BX) has “Buy” rating given on Tuesday, February 9 by Deutsche Bank. Deutsche Bank maintained Blackstone Group LP (NYSE:BX) on Friday, September 18 with “Buy” rating. The stock of Blackstone Group LP (NYSE:BX) has “Buy” rating given on Wednesday, October 7 by Jefferies. The rating was maintained by RBC Capital Markets on Thursday, October 22 with “Outperform”. Barclays Capital maintained Blackstone Group LP (NYSE:BX) rating on Tuesday, August 11. Barclays Capital has “Overweight” rating and $45.0 price target. Goldman Sachs initiated the shares of BX in a report on Tuesday, August 11 with “Buy” rating. The rating was downgraded by Bank of America on Tuesday, December 8 to “Neutral”.

BX Company Profile

The Blackstone Group L.P. (Blackstone), incorporated on March 12, 2007, 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. The Company’s divisions include Private Equity, Real Estate, Hedge Fund Solutions and Credit.

Another recent and important Blackstone Group LP (NYSE:BX) news was published by Natlawreview.com which published an article titled: “Upcoming/New CFIUS Filing: Tennessee Parent Inc./The Blackstone Group L.P. and …” on November 20, 2016.

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