Traders purchased shares of The Blackstone Group L.P. (NYSE:BX) on weakness during trading hours on Monday. $48.57 million flowed into the stock on the tick-up and $31.21 million flowed out of the stock on the tick-down, for a money net flow of $17.36 million into the stock. Of all equities tracked, The Blackstone Group L.P. had the 18th highest net in-flow for the day. The Blackstone Group L.P. traded down ($0.37) for the day and closed at $33.00

BX has been the subject of several recent analyst reports. Vetr cut shares of The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating and set a $37.57 price objective for the company. in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $37.00 target price on shares of The Blackstone Group L.P. in a report on Friday, July 14th. Jefferies Group LLC reissued a “buy” rating and set a $38.00 target price on shares of The Blackstone Group L.P. in a report on Wednesday, June 28th. BidaskClub upgraded The Blackstone Group L.P. from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, Zacks Investment Research downgraded The Blackstone Group L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $37.38.

The company has a market cap of $21.41 billion, a price-to-earnings ratio of 14.84 and a beta of 1.33. The stock has a 50-day moving average price of $32.33 and a 200 day moving average price of $31.75.

The Blackstone Group L.P. (NYSE:BX) last announced its quarterly 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 period in the prior year, the business earned $0.44 earnings per share. On average, equities analysts anticipate that The Blackstone Group L.P. will post $2.80 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of BX. FMR LLC grew its stake in The Blackstone Group L.P. by 3.5% in the second quarter. FMR LLC now owns 40,769,760 shares of the asset manager’s stock valued at $1,359,671,000 after acquiring an additional 1,387,363 shares during the period. Morgan Stanley increased its holdings in shares of The Blackstone Group L.P. by 6.0% in the first quarter. Morgan Stanley now owns 32,790,651 shares of the asset manager’s stock worth $973,884,000 after acquiring an additional 1,859,744 shares in the last quarter. Janus Capital Management LLC increased its holdings in shares of The Blackstone Group L.P. by 15.8% in the first quarter. Janus Capital Management LLC now owns 18,754,093 shares of the asset manager’s stock worth $556,990,000 after acquiring an additional 2,565,390 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of The Blackstone Group L.P. by 6.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,972,178 shares of the asset manager’s stock worth $385,275,000 after acquiring an additional 841,476 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of The Blackstone Group L.P. by 107.7% in the second quarter. Bank of Montreal Can now owns 11,475,121 shares of the asset manager’s stock worth $382,695,000 after acquiring an additional 5,951,587 shares in the last quarter. 46.58% of the stock is currently owned by institutional investors and hedge funds.

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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.

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