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

June 15, 2018 - By Darrin Black

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.
Moors Cabot Inc holds 0.48% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 113,351 shares. Highland Capital Lc invested 0.04% in The Blackstone Group L.P. (NYSE:BX). 46,460 are held by Pinnacle. Blb&B Advsrs Limited Co has 0.04% invested in The Blackstone Group L.P. (NYSE:BX) for 9,036 shares. Barnett invested in 0.33% or 20,069 shares. Barr E S & Com, a Kentucky-based fund reported 872,696 shares. Arrow Corporation has invested 0.01% of its portfolio in The Blackstone Group L.P. (NYSE:BX). First Republic Inv holds 532,697 shares. Dubuque Bank & Tru reported 0% in The Blackstone Group L.P. (NYSE:BX). Bridgecreek Invest Management reported 1.2% in The Blackstone Group L.P. (NYSE:BX). Forward Lc invested 0.13% in The Blackstone Group L.P. (NYSE:BX). State Of New Jersey Common Pension Fund D has invested 0.2% in The Blackstone Group L.P. (NYSE:BX). Ariel Invs Lc reported 0.37% stake. Texas-based Linscomb Williams has invested 0.03% in The Blackstone Group L.P. (NYSE:BX). Mckinley Carter Wealth Services has 0.05% invested in The Blackstone Group L.P. (NYSE:BX) for 5,270 shares.

Since February 16, 2018, it had 0 buys, and 4 selling transactions for $17.96 million activity. $751,300 worth of The Blackstone Group L.P. (NYSE:BX) was sold by Finley John G 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 Wednesday, April 11. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, February 1. As per Tuesday, February 6, the company rating was downgraded by JP Morgan. The stock of The Blackstone Group L.P. (NYSE:BX) earned “Overweight” rating by Morgan Stanley on Monday, April 23. The firm earned “Buy” rating on Sunday, April 15 by Oppenheimer. The company was downgraded on Tuesday, February 6 by J.P. Morgan. The stock of The Blackstone Group L.P. (NYSE:BX) has “Buy” rating given on Friday, January 12 by J.P. Morgan. The stock of The Blackstone Group L.P. (NYSE:BX) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, January 10. The firm has “Overweight” rating by JP Morgan given 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 Benzinga.com published article titled: “BTIG: Despite Blackstone Deal, Pebblebrook Still Has Options With LaSalle Hotel Properties”, 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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