Mirador Capital Partners LP increased its stake in The Blackstone Group L.P. (NYSE:BX) by 2.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 79,899 shares of the asset manager’s stock after buying an additional 1,635 shares during the period. The Blackstone Group L.P. comprises about 1.7% of Mirador Capital Partners LP’s portfolio, making the stock its 16th largest position. Mirador Capital Partners LP’s holdings in The Blackstone Group L.P. were worth $2,699,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BX. Guggenheim Capital LLC bought a new stake in shares of The Blackstone Group L.P. during the fourth quarter valued at $200,000. Teachers Advisors LLC bought a new stake in shares of The Blackstone Group L.P. during the fourth quarter valued at $5,042,000. Waldron LP bought a new stake in shares of The Blackstone Group L.P. during the first quarter valued at $661,000. First Manhattan Co. boosted its stake in shares of The Blackstone Group L.P. by 21.8% in the first quarter. First Manhattan Co. now owns 110,655 shares of the asset manager’s stock valued at $2,825,000 after buying an additional 19,825 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new stake in shares of The Blackstone Group L.P. during the first quarter valued at $361,000. 46.63% of the stock is currently owned by institutional investors.

Shares of The Blackstone Group L.P. (NYSE BX) traded up 0.618% during mid-day trading on Monday, hitting $31.765. The company had a trading volume of 332,424 shares. The firm has a 50-day moving average price of $33.21 and a 200 day moving average price of $31.50. The Blackstone Group L.P. has a 52-week low of $23.33 and a 52-week high of $35.09. The firm has a market capitalization of $20.61 billion, a price-to-earnings ratio of 14.283 and a beta of 1.32.

The Blackstone Group L.P. (NYSE:BX) last released its quarterly earnings data on Thursday, July 20th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.03. The Blackstone Group L.P. had a return on equity of 18.97% and a net margin of 22.88%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company earned $0.44 EPS. Analysts expect that The Blackstone Group L.P. will post $2.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date was Thursday, July 27th. The Blackstone Group L.P.’s payout ratio is 97.30%.

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BX has been the topic of a number of analyst reports. Vetr raised The Blackstone Group L.P. from a “buy” rating to a “strong-buy” rating and set a $34.51 target price on the stock in a research note on Tuesday, May 2nd. Citigroup Inc. raised The Blackstone Group L.P. from a “neutral” rating to a “buy” rating and upped their target price for the company from $32.00 to $40.00 in a research note on Monday, May 22nd. Credit Suisse Group upped their target price on The Blackstone Group L.P. from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, May 23rd. Jefferies Group LLC upped their target price on The Blackstone Group L.P. from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, May 23rd. Finally, BidaskClub cut The Blackstone Group L.P. from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The Blackstone Group L.P. currently has an average rating of “Buy” and a consensus target price of $37.34.

In other news, major shareholder Real Estate Associa Blackstone sold 15,000,000 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $26.05, for a total value of $390,750,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joan Solotar sold 30,500 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $33.31, for a total transaction of $1,015,955.00. Following the completion of the transaction, the insider now owns 150,281 shares in the company, valued at $5,005,860.11. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

About The Blackstone Group L.P.

The Blackstone Group L.P. is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity, non-investment grade credit, secondary private equity funds of funds and multi-asset class strategies. It operates through four segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit.

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Institutional Ownership by Quarter for The Blackstone Group L.P. (NYSE:BX)

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