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

June 15, 2018 - By John Moody

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.
Brown Brothers Harriman And Co holds 2,350 shares or 0% of its portfolio. York Capital Mngmt Advsr Limited Company holds 0.46% or 636,899 shares in its portfolio. 18,473 were reported by Valley Natl Advisers Inc. Eagle Ridge Investment Mngmt stated it has 0.03% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Alabama-based Oakworth Cap Inc has invested 0% in The Blackstone Group L.P. (NYSE:BX). Walleye Trading Ltd Liability Corporation has 108,687 shares for 0.02% of their portfolio. Qci Asset Inc Ny has 650 shares. 9,611 were accumulated by Carroll Financial Associates. Rhode Island-based Whalerock Point Prns Ltd Liability Corp has invested 0.18% in The Blackstone Group L.P. (NYSE:BX). Community Natl Bank Na owns 100 shares or 0% of their US portfolio. Invest Advsrs Llc has invested 0.02% in The Blackstone Group L.P. (NYSE:BX). Hmi Capital Ltd Company stated it has 12.94% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Northeast Fincl Consultants reported 30,475 shares. Gabelli Funds Limited Liability Company invested in 0.03% or 133,000 shares. Mycio Wealth Partners Llc holds 22,600 shares.

Since February 16, 2018, it had 0 insider buys, and 4 selling transactions for $17.96 million activity. $751,300 worth of The Blackstone Group L.P. (NYSE:BX) shares were 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 $833.36M 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 5.58 million 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 firm earned “Overweight” rating on Monday, April 23 by Morgan Stanley. The company was maintained on Wednesday, April 11 by Keefe Bruyette & Woods. On Thursday, February 1 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The rating was downgraded by J.P. Morgan on Tuesday, February 6 to “Hold”. The stock has “Buy” rating by Keefe Bruyette & Woods on Wednesday, January 10. J.P. Morgan upgraded it to “Buy” rating and $46.0 target in Friday, January 12 report. Oppenheimer maintained it with “Buy” rating and $4100 target in Sunday, April 15 report. On Tuesday, February 6 the stock rating was downgraded by JP Morgan to “Neutral”. The stock has “Overweight” rating by JP Morgan on Friday, January 12.

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: Businesswire.com which released: “Agreement by Teleperformance to Acquire Intelenet from Blackstone” on June 14, 2018, also Seekingalpha.com published article titled: “Reuters: Linde-Praxair merger narrows in favor of strategic bidders”, Benzinga.com published: “BTIG: Despite Blackstone Deal, Pebblebrook Still Has Options With LaSalle Hotel Properties” on May 21, 2018. More interesting news about The Blackstone Group L.P. (NYSE:BX) was released by: Nasdaq.com and their article: “Geopolitical Risks Are a Way Smaller Market Factor Than You Might Think” with publication date: June 12, 2018.

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

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