D.A. Davidson & CO. lifted its holdings in shares of The Blackstone Group L.P. (NYSE:BX) by 17.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,945 shares of the asset manager’s stock after buying an additional 13,628 shares during the period. D.A. Davidson & CO.’s holdings in The Blackstone Group L.P. were worth $3,068,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Honeywell International Inc. boosted its position in shares of The Blackstone Group L.P. by 37.0% during the third quarter. Honeywell International Inc. now owns 1,019,400 shares of the asset manager’s stock valued at $34,017,000 after buying an additional 275,400 shares during the last quarter. Baldwin Investment Management LLC boosted its position in shares of The Blackstone Group L.P. by 1.8% during the second quarter. Baldwin Investment Management LLC now owns 11,450 shares of the asset manager’s stock valued at $382,000 after buying an additional 200 shares during the last quarter. Artemis Investment Management LLP boosted its position in shares of The Blackstone Group L.P. by 91.9% during the second quarter. Artemis Investment Management LLP now owns 2,147,762 shares of the asset manager’s stock valued at $71,618,000 after buying an additional 1,028,755 shares during the last quarter. Banque Pictet & Cie SA purchased a new stake in shares of The Blackstone Group L.P. during the second quarter valued at $1,668,000. Finally, Whalerock Point Partners LLC purchased a new stake in shares of The Blackstone Group L.P. during the second quarter valued at $205,000. 46.58% of the stock is currently owned by institutional investors.

The Blackstone Group L.P. (NYSE BX) opened at $31.85 on Friday. The Blackstone Group L.P. has a 1-year low of $25.57 and a 1-year high of $35.09. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $20,088.29, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.58 and a beta of 1.39.

The Blackstone Group L.P. (NYSE:BX) last posted its earnings results on Thursday, October 19th. The asset manager reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. The Blackstone Group L.P. 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 the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. The Blackstone Group L.P.’s revenue was up 21.4% on a year-over-year basis. equities research analysts forecast that The Blackstone Group L.P. will post 2.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Stockholders of record on Monday, October 30th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend was Friday, October 27th. The Blackstone Group L.P.’s dividend payout ratio (DPR) is currently 76.19%.

BX has been the topic of a number of recent research reports. Vetr downgraded The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating and set a $35.50 target price on the stock. in a report on Monday. Morgan Stanley increased their target price on The Blackstone Group L.P. from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, October 23rd. Bank of America Corporation increased their target price on The Blackstone Group L.P. from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 20th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of The Blackstone Group L.P. in a report on Thursday, October 19th. Finally, Zacks Investment Research raised The Blackstone Group L.P. from a “sell” rating to a “hold” rating in a report on Monday, October 9th. 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 company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.25.

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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.

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

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