The Blackstone Group L.P. (NYSE:BX)‘s stock had its “buy” rating restated by stock analysts at Oppenheimer Holdings, Inc. in a research report issued on Thursday. Oppenheimer Holdings also issued estimates for The Blackstone Group L.P.’s Q3 2017 earnings at $0.60 EPS, Q4 2017 earnings at $0.67 EPS, FY2017 earnings at $2.68 EPS and FY2018 earnings at $3.17 EPS.

A number of other analysts have also recently weighed in on the company. Zacks Investment Research upgraded The Blackstone Group L.P. from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Vetr cut The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating and set a $37.15 price target on the stock. in a research report on Monday, September 25th. Credit Suisse Group lowered their price target on The Blackstone Group L.P. from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. BidaskClub cut The Blackstone Group L.P. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Finally, Morgan Stanley restated an “overweight” rating and set a $40.00 target price (up previously from $37.00) on shares of The Blackstone Group L.P. in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $37.72.

Shares of The Blackstone Group L.P. (BX) traded up 2.4816% during trading on Thursday, hitting $34.3211. 5,507,767 shares of the stock traded hands. The Blackstone Group L.P. has a 52 week low of $23.33 and a 52 week high of $35.09. The company has a market cap of $22.27 billion, a price-to-earnings ratio of 15.4321 and a beta of 1.33. The firm’s 50-day moving average price is $32.77 and its 200-day moving average price is $32.24.

The Blackstone Group L.P. (NYSE:BX) last announced its quarterly earnings results on Thursday, October 19th. The asset manager reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.15. 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 $1.69 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The business’s revenue was up 21.4% compared to the same quarter last year. On average, equities research analysts anticipate that The Blackstone Group L.P. will post $2.67 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its holdings 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 last quarter. Janus Capital Management LLC boosted 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 acquiring an additional 2,565,390 shares during the last quarter. Bank of Montreal Can boosted 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 acquiring an additional 5,951,587 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in The Blackstone Group L.P. by 1,142.0% in the second quarter. Janus Henderson Group PLC now owns 8,062,439 shares of the asset manager’s stock valued at $268,879,000 after acquiring an additional 7,413,287 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in The Blackstone Group L.P. by 2.0% in the first quarter. Clearbridge Investments LLC now owns 6,422,392 shares of the asset manager’s stock valued at $190,745,000 after acquiring an additional 125,477 shares during the last quarter. Institutional investors and hedge funds own 46.49% of the company’s stock.

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.

Analyst Recommendations for The Blackstone Group L.P. (NYSE:BX)

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