Alpine Woods Capital Investors LLC lessened its stake in The Blackstone Group (NYSE:BX) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 346,500 shares of the asset manager’s stock after selling 10,000 shares during the period. Alpine Woods Capital Investors LLC owned about 0.05% of The Blackstone Group worth $11,071,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BX. Gofen & Glossberg LLC IL lifted its stake in shares of The Blackstone Group by 140.2% in the fourth quarter. Gofen & Glossberg LLC IL now owns 20,300 shares of the asset manager’s stock valued at $650,000 after buying an additional 11,850 shares during the period. Wasatch Advisors Inc. raised its position in The Blackstone Group by 1.4% in the fourth quarter. Wasatch Advisors Inc. now owns 109,112 shares of the asset manager’s stock worth $3,494,000 after purchasing an additional 1,500 shares in the last quarter. Westpac Banking Corp raised its position in The Blackstone Group by 42.2% in the fourth quarter. Westpac Banking Corp now owns 40,390 shares of the asset manager’s stock worth $1,293,000 after purchasing an additional 11,990 shares in the last quarter. Syntal Capital Partners LLC raised its position in The Blackstone Group by 207.7% in the fourth quarter. Syntal Capital Partners LLC now owns 29,102 shares of the asset manager’s stock worth $931,000 after purchasing an additional 19,645 shares in the last quarter. Finally, Addison Capital Co raised its position in The Blackstone Group by 23.8% in the fourth quarter. Addison Capital Co now owns 7,645 shares of the asset manager’s stock worth $245,000 after purchasing an additional 1,470 shares in the last quarter. Institutional investors and hedge funds own 47.60% of the company’s stock.

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $42.00 price target on shares of The Blackstone Group in a research report on Thursday, February 1st. ValuEngine lowered shares of The Blackstone Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Morgan Stanley increased their price target on shares of The Blackstone Group from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, April 23rd. Zacks Investment Research lowered shares of The Blackstone Group from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Finally, JPMorgan Chase lowered shares of The Blackstone Group from an “overweight” rating to a “hold” rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.90.

The Blackstone Group opened at $31.45 on Friday, according to MarketBeat. The company has a market cap of $20.57 billion, a PE ratio of 11.19, a PEG ratio of 1.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.02 and a quick ratio of 1.02. The Blackstone Group has a 1-year low of $31.19 and a 1-year high of $31.52.

The Blackstone Group (NYSE:BX) last posted its quarterly earnings data on Thursday, April 19th. The asset manager reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.19. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.25 billion. The Blackstone Group had a net margin of 19.82% and a return on equity of 23.94%. The company’s revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.82 earnings per share. equities analysts predict that The Blackstone Group will post 2.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 7th. Stockholders of record on Monday, April 30th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend was Friday, April 27th. The Blackstone Group’s payout ratio is 49.82%.

In other news, insider John G. Finley sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $34.15, for a total transaction of $751,300.00. Following the completion of the sale, the insider now owns 133,003 shares of the company’s stock, valued at $4,542,052.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman J Tomilson Hill sold 227,636 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $34.55, for a total transaction of $7,864,823.80. Following the sale, the insider now directly owns 1,410,304 shares of the company’s stock, valued at approximately $48,726,003.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 572,000 shares of company stock valued at $19,672,874. Company insiders own 1.00% of the company’s stock.

The Blackstone Group Company Profile

The Blackstone Group L.P. is a publicly owned hedge fund sponsor. The firm also provides financial advisory 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.

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

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