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

June 18, 2018 - By Henry Gaston

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 improved, 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.
Riverpark Limited Liability Company holds 294,711 shares. 56,151 are owned by State Bank Hapoalim Bm. Fcg Llc holds 0.09% or 8,443 shares. Bluefin Trading Ltd Liability holds 0.03% in The Blackstone Group L.P. (NYSE:BX) or 13,600 shares. Quebec – Canada-based Fiera Corporation has invested 0% in The Blackstone Group L.P. (NYSE:BX). Suffolk Capital Mngmt Ltd Liability Co stated it has 1.51% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Private Advisor Group Limited Liability Com has invested 0.17% in The Blackstone Group L.P. (NYSE:BX). United Kingdom-based Hsbc Plc has invested 0.04% in The Blackstone Group L.P. (NYSE:BX). Carret Asset Ltd Limited Liability Company invested in 0.07% or 13,428 shares. Alpine Woods Capital Lc owns 346,500 shares. Clearbridge Llc holds 6.62 million shares or 0.2% of its portfolio. Welch Forbes Ltd stated it has 8,540 shares. Bridgecreek Inv Management Ltd Company holds 167,360 shares or 1.2% of its portfolio. Mckinley Carter Wealth Svcs Inc has 0.05% invested in The Blackstone Group L.P. (NYSE:BX) for 5,270 shares. 8,800 were reported by Signaturefd Ltd Llc.

Since February 16, 2018, it had 0 insider buys, and 5 selling transactions for $18.63 million activity. Another trade for 20,000 shares valued at $664,600 was sold by Finley John G.

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 $833.35 million giving it 11.88 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 decreased 0.12% or $0.04 during the last trading session, reaching $33.26. About 3.46 million shares traded. The Blackstone Group L.P. (NYSE:BX) has declined 1.69% since June 18, 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 stock of The Blackstone Group L.P. (NYSE:BX) has “Overweight” rating given on Monday, April 23 by Morgan Stanley. The stock of The Blackstone Group L.P. (NYSE:BX) has “Hold” rating given on Tuesday, February 6 by J.P. Morgan. The rating was downgraded by JP Morgan on Tuesday, February 6 to “Neutral”. The stock has “Buy” rating by Oppenheimer on Sunday, April 15. Keefe Bruyette & Woods maintained The Blackstone Group L.P. (NYSE:BX) rating on Thursday, February 1. Keefe Bruyette & Woods has “Buy” rating and $42.0 target. Keefe Bruyette & Woods maintained it with “Buy” rating and $3900 target in Wednesday, April 11 report. The stock has “Overweight” rating by JP Morgan on Friday, January 12. Keefe Bruyette & Woods maintained it with “Buy” rating and $39.0 target in Wednesday, January 10 report. The stock of The Blackstone Group L.P. (NYSE:BX) earned “Buy” rating by J.P. Morgan on Friday, January 12.

The Blackstone Group L.P. is a publicly owned hedge fund sponsor. The company has market cap of $39.60 billion. The firm also provides financial advisory services to its clients. It has a 17.07 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 news for The Blackstone Group L.P. (NYSE:BX) were recently published by: Nasdaq.com, which released: “Geopolitical Risks Are a Way Smaller Market Factor Than You Might Think” on June 12, 2018. Benzinga.com‘s article titled: “BTIG: Despite Blackstone Deal, Pebblebrook Still Has Options With LaSalle Hotel Properties” and published on May 21, 2018 is yet another important article.

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

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