Analysts See $0.73 EPS for The Blackstone Group L.P. (BX)

September 16, 2018 - By Mary Kidd

The Blackstone Group L.P. (NYSE:BX) LogoInvestors sentiment decreased to 1.04 in Q2 2018. Its down 0.32, from 1.36 in 2018Q1. It worsened, as 43 investors sold The Blackstone Group L.P. shares while 154 reduced holdings. 49 funds opened positions while 155 raised stakes. 298.71 million shares or 2.58% less from 306.64 million shares in 2018Q1 were reported.
Barr E S & stated it has 876,746 shares or 2.91% of all its holdings. First Foundation Advisors holds 0.02% or 11,061 shares. Texas-based Maverick Limited has invested 0.05% in The Blackstone Group L.P. (NYSE:BX). American Asset Mngmt Incorporated holds 0.16% or 7,645 shares. Cibc owns 0.03% invested in The Blackstone Group L.P. (NYSE:BX) for 194,027 shares. Great West Life Assurance Can invested 0% in The Blackstone Group L.P. (NYSE:BX). American National Registered Advisor reported 0.2% in The Blackstone Group L.P. (NYSE:BX). American Financial Grp Inc owns 392,000 shares or 1.21% of their US portfolio. 10 reported 117,514 shares. Zeke Advsrs Llc has 0.09% invested in The Blackstone Group L.P. (NYSE:BX) for 30,620 shares. Parsons Management Ri invested in 28,775 shares or 0.1% of the stock. Archford Cap Strategies Limited Liability Co holds 0.05% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 4,677 shares. Manufacturers Life Ins Com The invested in 0.03% or 779,282 shares. Williams Jones & Associates Ltd Liability Corporation stated it has 0.6% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Qci Asset Mgmt Inc Ny invested in 500 shares or 0% of the stock.

Since June 12, 2018, it had 0 insider purchases, and 2 insider sales for $25.26 million activity. The insider Finley John G sold $664,600.

Analysts expect The Blackstone Group L.P. (NYSE:BX) to report $0.73 EPS on October, 18.They anticipate $0.04 EPS change or 5.80 % from last quarter’s $0.69 EPS. BX’s profit would be $873.18 million giving it 12.60 P/E if the $0.73 EPS is correct. After having $0.90 EPS previously, The Blackstone Group L.P.’s analysts see -18.89 % EPS growth. The stock increased 2.39% or $0.86 during the last trading session, reaching $36.8. About 4.76 million shares traded or 38.07% up from the average. The Blackstone Group L.P. (NYSE:BX) has risen 11.18% since September 16, 2017 and is uptrending. It has underperformed by 4.44% the S&P500.

The Blackstone Group L.P. (NYSE:BX) Ratings Coverage

Among 5 analysts covering Blackstone Group (NYSE:BX), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Blackstone Group had 7 analyst reports since April 11, 2018 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of BX in report on Wednesday, April 11 with “Buy” rating. The firm has “Overweight” rating given on Tuesday, August 14 by Morgan Stanley. The stock of The Blackstone Group L.P. (NYSE:BX) earned “Buy” rating by Citigroup on Friday, July 20. The firm has “Overweight” rating by Morgan Stanley given on Monday, April 23. The firm has “Buy” rating given on Sunday, April 15 by Oppenheimer. The firm earned “Overweight” rating on Thursday, July 12 by Morgan Stanley. Credit Suisse maintained The Blackstone Group L.P. (NYSE:BX) on Friday, July 20 with “Outperform” rating.

The Blackstone Group L.P. is a publicly owned hedge fund sponsor. The company has market cap of $44.02 billion. The firm also provides financial advisory services to its clients. It has a 13.83 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 news for The Blackstone Group L.P. (NYSE:BX) were recently published by: Streetinsider.com, which released: “UPDATE: Blackstone (BX) Said to Seek $18B for Its Biggest Real Estate Fund – Bloomberg” on September 14, 2018. Seekingalpha.com‘s article titled: “Pebblebrook proposal for LaSalle makes headway, could lead to `superior proposal'” and published on August 27, 2018 is yet another important article.

The Blackstone Group L.P. (NYSE:BX) Ratings Chart

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