Blackstone Group LP (BX) Position Reduced by Janus Henderson Group PLC
Janus Henderson Group PLC lessened its holdings in Blackstone Group LP (NYSE:BX) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,943,268 shares of the asset manager’s stock after selling 350,100 shares during the quarter. Janus Henderson Group PLC owned approximately 1.19% of Blackstone Group worth $302,489,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Bank of Montreal Can grew its holdings in shares of Blackstone Group by 60.7% during the third quarter. Bank of Montreal Can now owns 8,904,588 shares of the asset manager’s stock worth $339,088,000 after purchasing an additional 3,362,373 shares during the last quarter. ING Groep NV grew its holdings in shares of Blackstone Group by 234.9% during the third quarter. ING Groep NV now owns 2,040,300 shares of the asset manager’s stock worth $77,695,000 after purchasing an additional 1,431,100 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Blackstone Group by 94.5% during the third quarter. Russell Investments Group Ltd. now owns 2,545,117 shares of the asset manager’s stock worth $96,924,000 after purchasing an additional 1,236,519 shares during the last quarter. Artemis Investment Management LLP grew its holdings in shares of Blackstone Group by 24.4% during the third quarter. Artemis Investment Management LLP now owns 3,726,117 shares of the asset manager’s stock worth $141,945,000 after purchasing an additional 731,785 shares during the last quarter. Finally, Vantage Investment Partners LLC grew its holdings in shares of Blackstone Group by 354.3% during the third quarter. Vantage Investment Partners LLC now owns 914,583 shares of the asset manager’s stock worth $34,827,000 after purchasing an additional 713,274 shares during the last quarter. 49.39% of the stock is currently owned by hedge funds and other institutional investors.
NYSE BX opened at $32.43 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 0.97. Blackstone Group LP has a 52-week low of $30.08 and a 52-week high of $40.60. The stock has a market cap of $20.52 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.01 and a beta of 1.39.
The business also recently declared a quarterly dividend, which was paid on Monday, November 5th. Investors of record on Monday, October 29th were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Friday, October 26th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 7.89%. This is a positive change from Blackstone Group’s previous quarterly dividend of $0.58. Blackstone Group’s dividend payout ratio (DPR) is currently 91.10%.
Several equities analysts have issued reports on BX shares. Morgan Stanley raised their price objective on Blackstone Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, August 14th. Zacks Investment Research raised Blackstone Group from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Thursday, August 16th. JPMorgan Chase & Co. set a $45.00 price objective on Blackstone Group and gave the stock a “buy” rating in a report on Thursday, September 20th. ValuEngine raised Blackstone Group from a “hold” rating to a “buy” rating in a report on Saturday, September 22nd. Finally, JMP Securities raised their price objective on Blackstone Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, September 24th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $42.27.
In related news, major shareholder Blackstone Bgsl Holdings Llc purchased 192,000 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were purchased at an average price of $25.00 per share, with a total value of $4,800,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.
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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