The Blackstone Group (BX) Position Boosted by Eaton Vance Management

Eaton Vance Management boosted its position in shares of The Blackstone Group (NYSE:BX) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,684 shares of the asset manager’s stock after buying an additional 9,000 shares during the period. Eaton Vance Management’s holdings in The Blackstone Group were worth $9,703,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BX. KHP Capital LLC purchased a new stake in The Blackstone Group during the 1st quarter worth approximately $159,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in The Blackstone Group during the 4th quarter worth approximately $160,000. James Hambro & Partners purchased a new stake in The Blackstone Group during the 4th quarter worth approximately $183,000. Mutual Advisors LLC purchased a new stake in The Blackstone Group during the 4th quarter worth approximately $201,000. Finally, PVG Asset Management Corp purchased a new stake in The Blackstone Group during the 4th quarter worth approximately $215,000. Institutional investors own 47.60% of the company’s stock.

In related news, Vice Chairman J Tomilson Hill sold 219,327 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $34.38, for a total value of $7,540,462.26. Following the transaction, the insider now directly owns 1,232,668 shares in the company, valued at $42,379,125.84. 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 22,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $34.15, for a total value of $751,300.00. Following the completion of the transaction, the insider now owns 133,003 shares in the company, valued at $4,542,052.45. The disclosure for this sale can be found here. Insiders sold 572,000 shares of company stock valued at $19,672,874 over the last 90 days. Company insiders own 1.00% of the company’s stock.



Several equities research analysts have commented on BX shares. Morgan Stanley boosted their price objective on The Blackstone Group from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, April 23rd. ValuEngine lowered The Blackstone Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $42.00 price objective on shares of The Blackstone Group in a research note on Thursday, February 1st. JPMorgan Chase lowered The Blackstone Group from an “overweight” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, UBS started coverage on The Blackstone Group in a research note on Tuesday, March 27th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $39.90.

BX stock opened at $31.45 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $20.70 billion, a PE ratio of 11.19, a P/E/G ratio of 1.12 and a beta of 1.36. The Blackstone Group has a 1 year low of $31.19 and a 1 year high of $31.52.

The Blackstone Group (NYSE:BX) last posted its quarterly earnings results on Thursday, April 19th. The asset manager reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.19. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.25 billion. The Blackstone Group had a return on equity of 23.94% and a net margin of 19.82%. The business’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 earnings per share. equities research analysts predict that The Blackstone Group will post 2.85 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 7th. Stockholders of record on Monday, April 30th were given a $0.35 dividend. The ex-dividend date was Friday, April 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.45%. The Blackstone Group’s dividend payout ratio (DPR) is presently 49.82%.

The Blackstone Group Profile

The Blackstone Group L.P. is a publicly owned hedge fund sponsor. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations, retirees, sovereign wealth funds, and institutional and individual investors.

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

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