The Blackstone Group L.P. (NYSE:BX) has earned a consensus rating of “Buy” from the thirteen analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $38.28.

Several equities analysts recently commented on BX shares. Vetr downgraded The Blackstone Group from a “strong-buy” rating to a “buy” rating and set a $35.50 target price for the company. in a research report on Monday, November 20th. Zacks Investment Research upgraded The Blackstone Group from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub downgraded The Blackstone Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of The Blackstone Group in a research report on Thursday, October 19th. Finally, Bank of America Corporation raised their target price on The Blackstone Group from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, October 20th.

Institutional investors and hedge funds have recently modified their holdings of the business. Jacobi Capital Management LLC bought a new position in The Blackstone Group in the 2nd quarter valued at $116,000. Wealthcare Advisory Partners LLC bought a new position in The Blackstone Group in the 3rd quarter valued at $131,000. Omnia Family Wealth LLC raised its position in The Blackstone Group by 0.5% in the 2nd quarter. Omnia Family Wealth LLC now owns 4,020 shares of the asset manager’s stock valued at $134,000 after purchasing an additional 20 shares during the last quarter. Pathstone Family Office LLC bought a new position in The Blackstone Group in the 2nd quarter valued at $167,000. Finally, Peddock Capital Advisors LLC bought a new position in The Blackstone Group in the 2nd quarter valued at $187,000. Hedge funds and other institutional investors own 46.58% of the company’s stock.

Shares of The Blackstone Group (NYSE BX) opened at $31.67 on Friday. The Blackstone Group has a fifty-two week low of $25.57 and a fifty-two week high of $35.09. The firm has a market capitalization of $19,974.78, a P/E ratio of 11.39, a PEG ratio of 0.57 and a beta of 1.39. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.95.

The Blackstone Group (NYSE:BX) last announced its quarterly earnings data on Thursday, October 19th. The asset manager reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.14. The Blackstone Group had a return on equity of 19.71% and a net margin of 22.88%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm earned $0.57 EPS. The Blackstone Group’s revenue for the quarter was up 21.4% compared to the same quarter last year. research analysts expect that The Blackstone Group will post 2.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Shareholders of record on Monday, October 30th were given a $0.44 dividend. The ex-dividend date was Friday, October 27th. This represents a $1.76 annualized dividend and a yield of 5.56%. The Blackstone Group’s payout ratio is 76.19%.

ILLEGAL ACTIVITY WARNING: “The Blackstone Group L.P. (BX) Given Average Recommendation of “Buy” by Brokerages” was reported by Watch List News and is the property of of Watch List News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.watchlistnews.com/the-blackstone-group-l-p-bx-given-average-recommendation-of-buy-by-brokerages/1726737.html.

About The Blackstone Group

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.

Analyst Recommendations for The Blackstone Group (NYSE:BX)

Receive News & Ratings for The Blackstone Group L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Blackstone Group L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.