Blackstone Group LP (NYSE:BX) Holdings Trimmed by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in shares of Blackstone Group LP (NYSE:BX) by 37.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,000 shares of the asset manager’s stock after selling 75,000 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Blackstone Group were worth $4,003,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Linscomb & Williams Inc. raised its position in shares of Blackstone Group by 0.8% in the 2nd quarter. Linscomb & Williams Inc. now owns 9,182 shares of the asset manager’s stock valued at $306,000 after buying an additional 69 shares in the last quarter. Gofen & Glossberg LLC IL lifted its position in Blackstone Group by 1.3% during the second quarter. Gofen & Glossberg LLC IL now owns 8,450 shares of the asset manager’s stock valued at $282,000 after purchasing an additional 110 shares during the last quarter. Highlander Capital Management LLC lifted its position in Blackstone Group by 0.8% during the second quarter. Highlander Capital Management LLC now owns 31,550 shares of the asset manager’s stock valued at $1,045,000 after purchasing an additional 250 shares during the last quarter. Laurel Wealth Advisors Inc. lifted its position in Blackstone Group by 6.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 9,700 shares of the asset manager’s stock valued at $323,000 after purchasing an additional 600 shares during the last quarter. Finally, Carret Asset Management LLC lifted its position in Blackstone Group by 8.0% during the second quarter. Carret Asset Management LLC now owns 12,178 shares of the asset manager’s stock valued at $406,000 after purchasing an additional 900 shares during the last quarter. 48.08% of the stock is currently owned by institutional investors.

Shares of Blackstone Group LP (NYSE BX) traded down $0.10 during trading on Friday, reaching $32.95. 11,010,714 shares of the company were exchanged, compared to its average volume of 6,290,000. The company has a market cap of $39,570.00, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.12 and a beta of 1.34. Blackstone Group LP has a 52 week low of $28.45 and a 52 week high of $37.52. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.95.

Blackstone Group (NYSE:BX) last issued its earnings results on Thursday, February 1st. The asset manager reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. Blackstone Group had a return on equity of 22.46% and a net margin of 20.66%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. Blackstone Group’s revenue was up 19.9% on a year-over-year basis. research analysts anticipate that Blackstone Group LP will post 3.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, February 12th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.40 annualized dividend and a dividend yield of 10.32%. This is a positive change from Blackstone Group’s previous quarterly dividend of $0.44. Blackstone Group’s dividend payout ratio is presently 80.73%.

BX has been the subject of several research analyst reports. Oppenheimer reiterated a “buy” rating on shares of Blackstone Group in a research report on Thursday, October 19th. Bank of America lifted their price target on shares of Blackstone Group from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 20th. Morgan Stanley boosted their target price on shares of Blackstone Group from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, October 23rd. Vetr cut shares of Blackstone Group from a “strong-buy” rating to a “buy” rating and set a $35.50 price target on the stock. in a research note on Monday, November 20th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $47.00 price target on shares of Blackstone Group in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.90.

In related news, insider John G. Finley sold 800 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $32.00, for a total value of $25,600.00. Following the completion of the sale, the insider now directly owns 87,852 shares of the company’s stock, valued at approximately $2,811,264. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John G. Finley sold 20,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $31.64, for a total transaction of $632,800.00. Following the completion of the sale, the insider now directly owns 87,852 shares of the company’s stock, valued at $2,779,637.28. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

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Blackstone Group Company 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 Blackstone Group (NYSE:BX)

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