Blackstone Group LP (BX) Shares Bought by Skandinaviska Enskilda Banken AB publ
Skandinaviska Enskilda Banken AB publ grew its position in shares of Blackstone Group LP (NYSE:BX) by 37.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 389,507 shares of the asset manager’s stock after purchasing an additional 106,044 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.06% of Blackstone Group worth $12,998,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Jacobi Capital Management LLC purchased a new position in Blackstone Group in the second quarter worth about $116,000. Omnia Family Wealth LLC grew its position in Blackstone Group by 0.5% in the second 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 purchased a new position in Blackstone Group in the second quarter worth about $167,000. Peddock Capital Advisors LLC purchased a new position in Blackstone Group in the second quarter worth about $187,000. Finally, Mercer Capital Advisers Inc. grew its position in Blackstone Group by 100.0% in the second quarter. Mercer Capital Advisers Inc. now owns 6,000 shares of the asset manager’s stock worth $200,000 after acquiring an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 46.89% of the company’s stock.
Shares of Blackstone Group LP (BX) opened at $31.58 on Friday. 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 stock has a market cap of $20,006.30, a PE ratio of 11.41, a price-to-earnings-growth ratio of 0.57 and a beta of 1.35. Blackstone Group LP has a 12 month low of $25.57 and a 12 month high of $35.09.
Blackstone Group (NYSE:BX) last announced its quarterly earnings data on Thursday, October 19th. The asset manager reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.14. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.39 billion. Blackstone Group had a net margin of 22.88% and a return on equity of 19.71%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 earnings per share. equities analysts forecast that Blackstone Group LP will post 2.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Shareholders of record on Monday, October 30th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 5.57%. The ex-dividend date was Friday, October 27th. Blackstone Group’s payout ratio is currently 76.19%.
Several research firms recently commented on BX. Morgan Stanley lifted their price target on Blackstone Group from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, October 23rd. Bank of America lifted their price target on Blackstone Group from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Oppenheimer reiterated a “buy” rating on shares of Blackstone Group in a research report on Thursday, October 19th. Zacks Investment Research upgraded Blackstone Group from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Finally, Vetr downgraded shares of Blackstone Group from a “strong-buy” rating to a “buy” rating and set a $37.15 price objective for the company. in a research note on Monday, September 25th. One investment 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. Blackstone Group currently has an average rating of “Buy” and an average price target of $38.25.
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Blackstone Group Profile
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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