Janus Henderson Group PLC increased its holdings in The Blackstone Group L.P. (NYSE:BX) by 1,142.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,062,439 shares of the asset manager’s stock after purchasing an additional 7,413,287 shares during the quarter. Janus Henderson Group PLC owned approximately 1.24% of The Blackstone Group L.P. worth $268,879,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Bank of Montreal Can lifted its holdings in 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 valued at $382,695,000 after buying an additional 5,951,587 shares during the period. Janus Capital Management LLC lifted its holdings in 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 valued at $556,990,000 after buying an additional 2,565,390 shares during the period. Capital World Investors lifted its holdings in The Blackstone Group L.P. by 101.0% in the second quarter. Capital World Investors now owns 3,988,250 shares of the asset manager’s stock valued at $133,008,000 after buying an additional 2,004,000 shares during the period. Morgan Stanley lifted its holdings in 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 valued at $973,884,000 after buying an additional 1,859,744 shares during the period. Finally, Global Thematic Partners LLC acquired a new position in The Blackstone Group L.P. in the second quarter valued at $57,533,000. 46.58% of the stock is currently owned by institutional investors.

Shares of The Blackstone Group L.P. (NYSE BX) traded down 0.09% during trading on Friday, hitting $33.59. 429,996 shares of the stock traded hands. The company has a 50 day moving average price of $32.38 and a 200 day moving average price of $32.01. The firm has a market cap of $21.80 billion, a price-to-earnings ratio of 15.10 and a beta of 1.33. The Blackstone Group L.P. has a 12 month low of $23.33 and a 12 month high of $35.09.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.03). The Blackstone Group L.P. had a return on equity of 18.97% and a net margin of 22.88%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business earned $0.44 EPS. Analysts anticipate that The Blackstone Group L.P. will post $2.81 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on BX shares. Zacks Investment Research lowered shares of The Blackstone Group L.P. from a “hold” rating to a “sell” rating in a report on Monday, September 25th. Deutsche Bank AG boosted their target price on shares of The Blackstone Group L.P. from $32.00 to $33.00 and gave the company a “hold” rating in a report on Friday, July 21st. Jefferies Group LLC restated a “buy” rating and issued a $38.00 target price on shares of The Blackstone Group L.P. in a report on Wednesday, June 28th. BidaskClub lowered shares of The Blackstone Group L.P. from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. boosted their target price on shares of The Blackstone Group L.P. from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.72.

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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.

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

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