Syntal Capital Partners LLC boosted its position in shares of The Blackstone Group L.P. (NYSE:BX) by 35.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,457 shares of the asset manager’s stock after acquiring an additional 2,461 shares during the period. Syntal Capital Partners LLC’s holdings in The Blackstone Group L.P. were worth $315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jacobi Capital Management LLC acquired a new position in The Blackstone Group L.P. during the 2nd quarter worth approximately $116,000. Winslow Evans & Crocker Inc. lifted its position in shares of The Blackstone Group L.P. by 1.4% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the asset manager’s stock worth $117,000 after buying an additional 50 shares during the last quarter. Omnia Family Wealth LLC lifted its position in shares of The Blackstone Group L.P. by 0.5% during the 2nd quarter. Omnia Family Wealth LLC now owns 4,020 shares of the asset manager’s stock worth $134,000 after buying an additional 20 shares during the last quarter. Pathstone Family Office LLC purchased a new stake in shares of The Blackstone Group L.P. during the 2nd quarter worth approximately $167,000. Finally, Integrated Investment Consultants LLC lifted its position in shares of The Blackstone Group L.P. by 59.4% during the 2nd quarter. Integrated Investment Consultants LLC now owns 5,100 shares of the asset manager’s stock worth $170,000 after buying an additional 1,900 shares during the last quarter. Institutional investors own 45.41% of the company’s stock.

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The Blackstone Group L.P. (NYSE:BX) last released its quarterly earnings data on Thursday, October 19th. The asset manager reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.39 billion. The Blackstone Group L.P. had a net margin of 22.88% and a return on equity of 19.90%. The firm’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 30th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend is Friday, October 27th. The Blackstone Group L.P.’s dividend payout ratio is presently 76.19%.

Several brokerages have recently weighed in on BX. Morgan Stanley boosted their price objective 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. Bank of America Corporation boosted their price objective on shares of The Blackstone Group L.P. from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of The Blackstone Group L.P. in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of The Blackstone Group L.P. from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Finally, Vetr downgraded shares of The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating and set a $37.15 price objective for the company. in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.42.

The Blackstone Group L.P. 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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