Analysts See $0.70 EPS for The Blackstone Group L.P. (BX)

June 15, 2018 - By Gloria Calhoun

The Blackstone Group L.P. (NYSE:BX) LogoInvestors sentiment increased to 1.36 in Q1 2018. Its up 0.36, from 1 in 2017Q4. It increased, as 39 investors sold The Blackstone Group L.P. shares while 141 reduced holdings. 66 funds opened positions while 178 raised stakes. 306.64 million shares or 2.73% more from 298.48 million shares in 2017Q4 were reported.
San Francisco Sentry Investment Gru (Ca) owns 1,000 shares for 0.01% of their portfolio. 683 Cap Mgmt Limited reported 170,000 shares stake. Ubs Asset Americas invested in 0% or 421 shares. Quinn Opportunity Prns Limited Liability Company stated it has 0.2% in The Blackstone Group L.P. (NYSE:BX). Hightower Advsrs Limited Com reported 1.35M shares. Essex Fincl Service Inc reported 0.23% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Brown Advisory stated it has 0.06% in The Blackstone Group L.P. (NYSE:BX). 70,315 were reported by Thomas Story & Son Limited. Grp One Trading Ltd Partnership has invested 0.02% in The Blackstone Group L.P. (NYSE:BX). Massachusetts Serv Ma has 0.19% invested in The Blackstone Group L.P. (NYSE:BX) for 14.12 million shares. Wagner Bowman Mgmt accumulated 0.09% or 10,923 shares. New Hampshire-based Amer Invest Limited Liability Corporation has invested 0.17% in The Blackstone Group L.P. (NYSE:BX). Jacobson Schmitt Lc owns 2.83% invested in The Blackstone Group L.P. (NYSE:BX) for 128,216 shares. Hollencrest Mgmt has invested 0.23% in The Blackstone Group L.P. (NYSE:BX). Integral Derivatives Ltd has invested 0.03% in The Blackstone Group L.P. (NYSE:BX).

Since February 16, 2018, it had 0 insider purchases, and 4 sales for $17.96 million activity. 22,000 shares were sold by Finley John G, worth $751,300 on Friday, February 23.

Analysts expect The Blackstone Group L.P. (NYSE:BX) to report $0.70 EPS on July, 19.They anticipate $0.11 EPS change or 18.64 % from last quarter’s $0.59 EPS. BX’s profit would be $833.36M giving it 11.89 P/E if the $0.70 EPS is correct. After having $0.65 EPS previously, The Blackstone Group L.P.’s analysts see 7.69 % EPS growth. The stock increased 0.79% or $0.26 during the last trading session, reaching $33.3. About 5.58M shares traded or 25.75% up from the average. The Blackstone Group L.P. (NYSE:BX) has declined 1.69% since June 15, 2017 and is downtrending. It has underperformed by 14.26% the S&P500.

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

Among 5 analysts covering Blackstone Group (NYSE:BX), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Blackstone Group had 10 analyst reports since January 10, 2018 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, February 1. The stock of The Blackstone Group L.P. (NYSE:BX) earned “Neutral” rating by JP Morgan on Tuesday, February 6. Keefe Bruyette & Woods maintained the shares of BX in report on Wednesday, April 11 with “Buy” rating. The firm has “Overweight” rating by JP Morgan given on Friday, January 12. The rating was upgraded by J.P. Morgan to “Buy” on Friday, January 12. The firm has “Buy” rating by Oppenheimer given on Sunday, April 15. The company was maintained on Monday, April 23 by Morgan Stanley. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, January 10. J.P. Morgan downgraded The Blackstone Group L.P. (NYSE:BX) on Tuesday, February 6 to “Hold” rating.

The Blackstone Group L.P. is a publicly owned hedge fund sponsor. The company has market cap of $39.64 billion. The firm also provides financial advisory services to its clients. It has a 17.09 P/E ratio. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations, retirees, sovereign wealth funds, and institutional and individual investors.

More important recent The Blackstone Group L.P. (NYSE:BX) news were published by: Benzinga.com which released: “BTIG: Despite Blackstone Deal, Pebblebrook Still Has Options With LaSalle Hotel Properties” on May 21, 2018, also Businesswire.com published article titled: “Agreement by Teleperformance to Acquire Intelenet from Blackstone”, Nasdaq.com published: “Geopolitical Risks Are a Way Smaller Market Factor Than You Might Think” on June 12, 2018. More interesting news about The Blackstone Group L.P. (NYSE:BX) was released by: Seekingalpha.com and their article: “Reuters: Linde-Praxair merger narrows in favor of strategic bidders” with publication date: June 08, 2018.

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

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