Westside Investment Management Inc. increased its position in The Blackstone Group L.P. (NYSE:BX) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,100 shares of the asset manager’s stock after purchasing an additional 60 shares during the period. The Blackstone Group L.P. makes up 0.8% of Westside Investment Management Inc.’s investment portfolio, making the stock its 28th largest holding. Westside Investment Management Inc.’s holdings in The Blackstone Group L.P. were worth $1,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jacobi Capital Management LLC bought a new position in shares of The Blackstone Group L.P. in the 2nd quarter worth $116,000. Winslow Evans & Crocker Inc. lifted its holdings in shares of The Blackstone Group L.P. by 1.4% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the asset manager’s stock worth $117,000 after purchasing an additional 50 shares in the last quarter. PHH Investments Ltd. bought a new position in shares of The Blackstone Group L.P. in the 1st quarter worth $134,000. Omnia Family Wealth LLC lifted its holdings in shares of The Blackstone Group L.P. by 0.5% in the 2nd quarter. Omnia Family Wealth LLC now owns 4,020 shares of the asset manager’s stock worth $134,000 after purchasing an additional 20 shares in the last quarter. Finally, Archford Capital Strategies LLC lifted its holdings in shares of The Blackstone Group L.P. by 72.1% in the 1st quarter. Archford Capital Strategies LLC now owns 5,088 shares of the asset manager’s stock worth $151,000 after purchasing an additional 2,131 shares in the last quarter. Institutional investors own 46.58% of the company’s stock.

The Blackstone Group L.P. (NYSE BX) traded down 0.54% during midday trading on Friday, reaching $33.44. The company had a trading volume of 2,634,365 shares. The Blackstone Group L.P. has a 12-month low of $23.33 and a 12-month high of $35.09. The company has a 50-day moving average of $32.43 and a 200-day moving average of $32.03. The stock has a market capitalization of $21.70 billion, a PE ratio of 15.04 and a beta of 1.33.

The Blackstone Group L.P. (NYSE:BX) last released its earnings results on Thursday, July 20th. The asset manager reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 company 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 firm posted $0.44 earnings per share. On average, analysts predict that The Blackstone Group L.P. will post $2.79 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded The Blackstone Group L.P. from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub cut The Blackstone Group L.P. from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Vetr upgraded The Blackstone Group L.P. from a “buy” rating to a “strong-buy” rating and set a $36.77 target price on the stock in a report on Thursday, August 10th. Deutsche Bank AG increased their price target on The Blackstone Group L.P. from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $37.00 price target on shares of The Blackstone Group L.P. in a research report on Friday, July 14th. One 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 Blackstone Group L.P. presently has a consensus rating of “Buy” and a consensus price target of $37.72.

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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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