The Blackstone Group L.P. (BX) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its position in The Blackstone Group L.P. (NYSE:BX) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,665 shares of the asset manager’s stock after purchasing an additional 3,905 shares during the period. Gamco Investors INC. ET AL’s holdings in The Blackstone Group L.P. were worth $1,524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BX. Jacobi Capital Management LLC acquired a new position in The Blackstone Group L.P. during the 2nd quarter worth approximately $116,000. Winslow Evans & Crocker Inc. lifted its position in The Blackstone Group L.P. by 1.4% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the asset manager’s stock worth $117,000 after acquiring an additional 50 shares in the last quarter. Omnia Family Wealth LLC lifted its position in The Blackstone Group L.P. by 0.5% during the 2nd quarter. Omnia Family Wealth LLC now owns 4,020 shares of the asset manager’s stock worth $134,000 after acquiring an additional 20 shares in the last quarter. Pathstone Family Office LLC acquired a new position in The Blackstone Group L.P. during the 2nd quarter worth approximately $167,000. Finally, Peddock Capital Advisors LLC acquired a new position in The Blackstone Group L.P. during the 2nd quarter worth approximately $187,000. 47.69% of the stock is currently owned by institutional investors and hedge funds.

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Shares of The Blackstone Group L.P. (NYSE:BX) opened at $31.76 on Tuesday. The Blackstone Group L.P. has a twelve month low of $24.45 and a twelve month high of $35.09. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $20,264.89, a P/E ratio of 11.56, a PEG ratio of 0.58 and a beta of 1.39.

The Blackstone Group L.P. (NYSE:BX) last issued its quarterly earnings results on Thursday, October 19th. The asset manager reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.14. The Blackstone Group L.P. had a return on equity of 19.71% and a net margin of 22.88%. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.39 billion. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 EPS. sell-side analysts predict that The Blackstone Group L.P. will post 2.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Investors of record on Monday, October 30th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, October 27th. This represents a $1.76 dividend on an annualized basis and a yield of 5.54%. The Blackstone Group L.P.’s payout ratio is currently 76.19%.

Several equities research analysts have issued reports on the company. Morgan Stanley lifted their price objective on The Blackstone Group L.P. from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, October 23rd. Bank of America Corporation lifted their price objective on The Blackstone Group L.P. from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of The Blackstone Group L.P. in a report on Thursday, October 19th. Zacks Investment Research upgraded The Blackstone Group L.P. from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Finally, Vetr downgraded The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating and set a $37.15 price objective on the stock. in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $38.42.

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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