Dividend Assets Capital LLC acquired a new stake in The Blackstone Group L.P. (NYSE:BX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,500 shares of the asset manager’s stock, valued at approximately $284,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jacobi Capital Management LLC acquired a new stake in shares of The Blackstone Group L.P. in the second quarter valued at about $116,000. Winslow Evans & Crocker Inc. boosted its position in The Blackstone Group L.P. by 1.4% during the second quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the asset manager’s stock worth $117,000 after acquiring an additional 50 shares during the last quarter. Omnia Family Wealth LLC boosted its position in The Blackstone Group L.P. by 0.5% during 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 during the last quarter. Pathstone Family Office LLC acquired a new position in The Blackstone Group L.P. during the second quarter worth about $167,000. Finally, Peddock Capital Advisors LLC acquired a new position in The Blackstone Group L.P. during the second quarter worth about $187,000. Institutional investors and hedge funds own 47.69% of the company’s stock.

A number of research firms recently weighed in on BX. Morgan Stanley boosted their price target on shares of The Blackstone Group L.P. from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, October 23rd. Vetr raised shares of The Blackstone Group L.P. from a “buy” rating to a “strong-buy” rating and set a $36.77 target price on the stock in a research note on Thursday, August 10th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of The Blackstone Group L.P. in a research note on Thursday, October 19th. Credit Suisse Group reduced their target price on shares of The Blackstone Group L.P. from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 30th. Finally, BidaskClub raised shares of The Blackstone Group L.P. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. 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. The Blackstone Group L.P. presently has an average rating of “Buy” and an average target price of $38.42.

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Shares of The Blackstone Group L.P. (NYSE BX) traded down $0.29 on Tuesday, reaching $31.47. 485,508 shares of the company traded hands, compared to its average volume of 4,191,070. The Blackstone Group L.P. has a 1 year low of $24.45 and a 1 year high of $35.09. The stock has a market cap of $38,140.00, a P/E ratio of 11.56, a P/E/G ratio of 0.58 and a beta of 1.42. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.05 and a current ratio of 1.05.

The Blackstone Group L.P. (NYSE:BX) last announced its earnings results on Thursday, October 19th. The asset manager reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.14. The Blackstone Group L.P. had a net margin of 22.88% and a return on equity of 19.71%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. research analysts predict that The Blackstone Group L.P. will post 2.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 6th. Shareholders of record on Monday, October 30th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend was Friday, October 27th. The Blackstone Group L.P.’s dividend payout ratio (DPR) is presently 75.86%.

About The Blackstone Group L.P.

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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