Blackstone Group LP (NYSE:BX) major shareholder Blackstone Group Inc purchased 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average price of $8.37 per share, with a total value of $837,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Blackstone Group Inc also recently made the following trade(s):

  • On Monday, August 19th, Blackstone Group Inc purchased 77,743 shares of Blackstone Group stock. The shares were bought at an average price of $7.80 per share, with a total value of $606,395.40.
  • On Friday, August 16th, Blackstone Group Inc purchased 46,500 shares of Blackstone Group stock. The shares were bought at an average price of $7.98 per share, with a total value of $371,070.00.
  • On Wednesday, August 14th, Blackstone Group Inc purchased 79,368 shares of Blackstone Group stock. The shares were bought at an average price of $7.07 per share, with a total value of $561,131.76.
  • On Monday, August 12th, Blackstone Group Inc purchased 100,000 shares of Blackstone Group stock. The shares were bought at an average price of $7.94 per share, with a total value of $794,000.00.
  • On Friday, August 9th, Blackstone Group Inc purchased 64,708 shares of Blackstone Group stock. The shares were bought at an average price of $7.82 per share, with a total value of $506,016.56.

Shares of NYSE BX traded up $0.62 during mid-day trading on Wednesday, reaching $49.46. 5,199,259 shares of the company were exchanged, compared to its average volume of 5,012,282. Blackstone Group LP has a 52 week low of $26.88 and a 52 week high of $50.02. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $32.71 billion, a PE ratio of 21.88, a PEG ratio of 1.03 and a beta of 1.47. The company’s 50 day moving average price is $47.07 and its 200 day moving average price is $40.09.

Blackstone Group (NYSE:BX) last posted its quarterly earnings data on Thursday, July 18th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Blackstone Group had a net margin of 20.51% and a return on equity of 11.30%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $0.90 EPS. The firm’s revenue was down 43.5% compared to the same quarter last year. On average, sell-side analysts predict that Blackstone Group LP will post 2.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Monday, July 29th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Friday, July 26th. Blackstone Group’s dividend payout ratio is presently 84.96%.

Several equities research analysts have recently issued reports on the stock. Oppenheimer set a $52.00 price target on shares of Blackstone Group and gave the stock a “buy” rating in a research note on Friday, July 19th. Barclays assumed coverage on shares of Blackstone Group in a report on Monday, August 5th. They set an “overweight” rating and a $56.00 price objective for the company. Deutsche Bank lifted their price objective on shares of Blackstone Group from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, July 19th. JMP Securities downgraded shares of Blackstone Group from an “outperform” rating to a “market perform” rating in a report on Monday, July 8th. Finally, Morgan Stanley lifted their price objective on shares of Blackstone Group from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Blackstone Group currently has an average rating of “Buy” and a consensus price target of $48.10.

A number of institutional investors have recently bought and sold shares of BX. Salomon & Ludwin LLC purchased a new stake in Blackstone Group in the second quarter worth about $158,000. Marvin & Palmer Associates Inc. lifted its position in shares of Blackstone Group by 11.3% during the second quarter. Marvin & Palmer Associates Inc. now owns 155,179 shares of the asset manager’s stock worth $6,893,000 after purchasing an additional 15,785 shares in the last quarter. WealthPLAN Partners LLC lifted its position in shares of Blackstone Group by 2.0% during the second quarter. WealthPLAN Partners LLC now owns 99,255 shares of the asset manager’s stock worth $4,729,000 after purchasing an additional 1,949 shares in the last quarter. Griffin Asset Management Inc. raised its holdings in Blackstone Group by 3.0% in the second quarter. Griffin Asset Management Inc. now owns 141,104 shares of the asset manager’s stock valued at $6,268,000 after acquiring an additional 4,148 shares in the last quarter. Finally, Colony Group LLC raised its holdings in Blackstone Group by 7.9% in the second quarter. Colony Group LLC now owns 43,342 shares of the asset manager’s stock valued at $1,925,000 after acquiring an additional 3,162 shares in the last quarter. 45.05% of the stock is owned by institutional investors and hedge funds.

About Blackstone Group

The Blackstone Group L.P. is a publicly owned alternative asset manager. The firm also provides capital markets services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations, retirees, sovereign wealth funds, and institutional and individual investors.

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Insider Buying and Selling by Quarter for Blackstone Group (NYSE:BX)

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