Baldwin Investment Management LLC boosted its stake in shares of The Blackstone Group L.P. (NYSE:BX) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,450 shares of the asset manager’s stock after buying an additional 200 shares during the period. Baldwin Investment Management LLC’s holdings in The Blackstone Group L.P. were worth $382,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BX. Winslow Evans & Crocker Inc. boosted its position in shares of The Blackstone Group L.P. by 1.4% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the asset manager’s stock valued at $117,000 after buying an additional 50 shares in the last quarter. PHH Investments Ltd. purchased a new position in shares of The Blackstone Group L.P. during the first quarter valued at about $134,000. Archford Capital Strategies LLC boosted its position in shares of The Blackstone Group L.P. by 72.1% in the first quarter. Archford Capital Strategies LLC now owns 5,088 shares of the asset manager’s stock valued at $151,000 after buying an additional 2,131 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in shares of The Blackstone Group L.P. by 59.4% in the second quarter. Integrated Investment Consultants LLC now owns 5,100 shares of the asset manager’s stock valued at $170,000 after buying an additional 1,900 shares in the last quarter. Finally, Kernodle & Katon Asset Management Group LLC purchased a new position in shares of The Blackstone Group L.P. during the first quarter valued at about $174,000. 46.63% of the stock is currently owned by institutional investors.

The Blackstone Group L.P. (NYSE BX) traded up 0.97% during midday trading on Wednesday, hitting $32.25. 526,691 shares of the company traded hands. The Blackstone Group L.P. has a 12-month low of $23.33 and a 12-month high of $35.09. The stock has a market cap of $20.93 billion, a P/E ratio of 14.50 and a beta of 1.32. The stock has a 50 day moving average of $33.21 and a 200 day moving average of $31.50.

The Blackstone Group L.P. (NYSE:BX) last released its earnings results on Thursday, July 20th. The asset manager reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by $0.03. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.49 billion. The Blackstone Group L.P. had a return on equity of 18.97% and a net margin of 22.88%. During the same quarter in the previous year, the firm earned $0.44 EPS. Equities research analysts predict that The Blackstone Group L.P. will post $2.83 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Monday, July 31st were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.76%. The Blackstone Group L.P.’s payout ratio is currently 97.30%.

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BX has been the topic of several recent research reports. Vetr cut shares of The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating and set a $34.51 price objective on the stock. in a research note on Monday, May 22nd. Citigroup Inc. raised shares of The Blackstone Group L.P. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $32.00 to $40.00 in a research note on Monday, May 22nd. Jefferies Group LLC boosted their price objective on shares of The Blackstone Group L.P. from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, May 23rd. BidaskClub raised shares of The Blackstone Group L.P. from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $37.00 price objective on shares of The Blackstone Group L.P. in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $37.34.

In related news, insider Joan Solotar sold 30,500 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $33.31, for a total value of $1,015,955.00. Following the completion of the sale, the insider now owns 150,281 shares in the company, valued at $5,005,860.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Real Estate Associa Blackstone sold 15,000,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $26.05, for a total value of $390,750,000.00. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

The Blackstone Group L.P. Company 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.

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

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