Economy

The Blackstone Group LP (BX) Consensus Earnings Predictions

The Blackstone Group LP (BX) Consensus Earnings Predictions

Vantage Invest Partners Limited Liability Co accumulated 672,263 shares.

Blackstone Group (NYSE:BX) last issued its quarterly earnings results on Thursday, October 19th. It has outperformed by 3.79% the S&P500. Next Group Inc has invested 0% of its portfolio in TripAdvisor, Inc. River Road Asset Mgmt Limited Liability Co holds 0.02% or 34,283 shares. Fiera Capital Corp holds 10,934 shares. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.56, indicating analysts in general look favorably on the company's future prospects. The stock increased 0.46% or $0.2 during the last trading session, reaching $43.71. About 6.72 million shares traded or 84.69% up from the average. The Blackstone Group L.P. (NYSE:BX) has risen 20.49% since January 3, 2017 and is uptrending. It has underperformed by 4.78% the S&P500. The company's revenue was up 21.4% compared to the same quarter last year. equities research analysts predict that Blackstone Group LP will post 2.8 EPS for the current year.

Analysts await The Blackstone Group L.P. (NYSE:BX) to report earnings on January, 25. Therefore 83% are positive. Jefferies Group LLC reiterated a "buy" rating on shares of The Blackstone Group L.P.in a report on Friday, January 20th. Fishman Jay A Ltd Mi stated it has 3.67% in The Blackstone Group L.P. (NYSE:BX). Standpoint Research maintained the stock with "Hold" rating in Sunday, August 9 report. The company was maintained on Friday, April 28 by Jefferies. The rating was maintained by RBC Capital Markets with "Outperform" on Tuesday, January 26. Vetr cut shares of Blackstone Group from a "strong-buy" rating to a "buy" rating and set a $37.15 price objective on the stock.in a research report on Monday, September 25th. Morgan Stanley raised their price objective on Blackstone Group from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, October 23rd. The rating was maintained by Keefe Bruyette & Woods on Thursday, September 28 with "Buy". Jefferies maintained the shares of BX in report on Tuesday, August 2 with "Buy" rating. The rating was maintained by Oppenheimer on Thursday, July 20 with "Buy".

Target Corp. (TGT) shares dropped -1.97 percent and closed the day at $65.85. Linscomb & Williams Inc. boosted its holdings in shares of Blackstone Group by 0.8% in the 2nd quarter.

Since December 13, 2017, it had 0 buys, and 1 insider sale for $632,896 activity.

Investors sentiment decreased to 1.24 in Q3 2017. The stock has a market cap of $39,630.00, a price-to-earnings ratio of 14.22, a PEG ratio of 0.52 and a beta of 1.37. It fall, as 29 investors sold BX shares while 155 reduced holdings.

More news: $1.26 EPS Expected for Canadian National Railway Company (CNR)

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. now owns 15,050 shares of the asset manager's stock valued at $502,000 after purchasing an additional 3,250 shares in the last quarter. Lpl Fincl Ltd Liability Company, California-based fund reported 360,068 shares. Paw reported 15,000 shares. Regentatlantic Cap Lc invested in 0.03% or 10,075 shares. Finally, Neuberger Berman Group LLC grew its position in shares of Blackstone Group by 0.8% during the second quarter. Evercore Wealth Mngmt Ltd, New York-based fund reported 1.50M shares. The shares were sold at an average price of $22.67, for a total transaction of $220,540,492.99. Pittenger Anderson has 2,000 shares for 0.01% of their portfolio. Qci Asset has 1,000 shares.

The Blackstone Group L.P. (NYSE:BX) has the Market Capitalization of 40.25 Billion.

Shares of Blackstone Group LP (BX) traded up $0.48 during midday trading on Wednesday, reaching $33.00. Research And Management Company has 100 shares. Banque Pictet & Cie Sa holds 50,000 shares. The institutional investor held 134,583 shares of the specialty insurers company at the end of 2017Q3, valued at $19.72M, down from 200,367 at the end of the previous reported quarter. Focused Wealth Inc invested in 1.33% or 119,865 shares.

Among 19 analysts covering Altria Group Inc. For the Current month, 3 analysts have assigned this stock as Buy where 5 assigned Outperform, 12 analysts believe it's a Hold, 0 said Underperform and only 0 assigned Sell rating. Therefore 0 are positive. Morgan Stanley maintained The Blackstone Group L.P. (NYSE:BX) on Monday, October 23 with "Overweight" rating. UBS initiated Altria Group, Inc. JP Morgan has "Neutral" rating and $61 target. The stock of Altria Group, Inc. Blackstone Group has an average rating of "Buy" and a consensus price target of $38.25.

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