Marshall Wace North America L.P. bought a new stake in shares of Blackstone Group LP (NYSE:BX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 469,787 shares of the asset manager’s stock, valued at approximately $17,889,000. Marshall Wace North America L.P. owned approximately 0.07% of Blackstone Group at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canton Hathaway LLC acquired a new stake in Blackstone Group during the 3rd quarter worth about $114,000. Harvest Fund Management Co. Ltd acquired a new stake in Blackstone Group during the 3rd quarter worth about $115,000. Quad Cities Investment Group LLC acquired a new stake in Blackstone Group during the 2nd quarter worth about $122,000. Rehmann Capital Advisory Group lifted its position in Blackstone Group by 94.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 4,850 shares of the asset manager’s stock worth $156,000 after acquiring an additional 2,362 shares during the period. Finally, Honkamp Krueger Financial Services Inc. acquired a new stake in Blackstone Group during the 3rd quarter worth about $159,000. 50.12% of the stock is currently owned by institutional investors and hedge funds.

NYSE BX opened at $31.42 on Friday. The stock has a market cap of $21.26 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 1.04 and a beta of 1.37. Blackstone Group LP has a fifty-two week low of $30.08 and a fifty-two week high of $40.60. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.71.

Blackstone Group (NYSE:BX) last released its quarterly earnings data on Thursday, October 18th. The asset manager reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.79 billion. Blackstone Group had a return on equity of 22.67% and a net margin of 22.34%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. Analysts forecast that Blackstone Group LP will post 2.96 EPS for the current year.

In other Blackstone Group news, major shareholder Blackstone Bgsl Holdings Llc purchased 192,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $4,800,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

BX has been the subject of a number of research reports. Morgan Stanley lifted their price target on Blackstone Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research 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 target for the company in a research report on Thursday, August 16th. JPMorgan Chase & Co. set a $45.00 price target on Blackstone Group and gave the stock a “buy” rating in a research report on Thursday, September 20th. ValuEngine raised Blackstone Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd. Finally, JMP Securities lifted their price objective on Blackstone Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Monday, September 24th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $42.27.

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

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