The Blackstone Group L.P. (BX) EPS Estimated At $0.70

June 15, 2018 - By Adrian Erickson

The Blackstone Group L.P. (NYSE:BX) LogoInvestors sentiment increased to 1.36 in 2018 Q1. Its up 0.36, from 1 in 2017Q4. It increased, as 39 investors sold The Blackstone Group L.P. shares while 141 reduced holdings. 66 funds opened positions while 178 raised stakes. 306.64 million shares or 2.73% more from 298.48 million shares in 2017Q4 were reported.
Caprock Grp Inc accumulated 7,417 shares or 0.05% of the stock. Greenwich Wealth Mgmt Ltd Llc holds 0.42% in The Blackstone Group L.P. (NYSE:BX) or 84,108 shares. Artemis Invest Mngmt Llp owns 0.85% invested in The Blackstone Group L.P. (NYSE:BX) for 1.71 million shares. Tower Bridge Advsrs has 199,815 shares. Guinness Asset holds 0.08% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 11,340 shares. Carroll Financial Assoc invested 0.03% in The Blackstone Group L.P. (NYSE:BX). Oak Ridge Lc has invested 0.02% in The Blackstone Group L.P. (NYSE:BX). Brown Advisory Limited Liability Co owns 22,709 shares. Cacti Asset Mgmt Limited Liability Co holds 3.52% or 1.31M shares. Finance Management Pro invested in 50 shares or 0% of the stock. Kayne Anderson Capital Advsrs L P has 0.03% invested in The Blackstone Group L.P. (NYSE:BX). Kistler holds 0.09% or 7,005 shares in its portfolio. Ar Asset Mngmt Inc owns 11,000 shares. 23,985 are held by Strategy Asset Managers Lc. Karp Capital Corporation holds 0.24% or 18,735 shares in its portfolio.

Since February 16, 2018, it had 0 buys, and 4 selling transactions for $17.96 million activity. 22,000 shares valued at $751,300 were sold by Finley John G on Friday, February 23.

Analysts expect The Blackstone Group L.P. (NYSE:BX) to report $0.70 EPS on July, 19.They anticipate $0.11 EPS change or 18.64 % from last quarter’s $0.59 EPS. BX’s profit would be $833.36M giving it 11.89 P/E if the $0.70 EPS is correct. After having $0.65 EPS previously, The Blackstone Group L.P.’s analysts see 7.69 % EPS growth. The stock increased 0.79% or $0.26 during the last trading session, reaching $33.3. About 5.58 million shares traded or 25.75% up from the average. The Blackstone Group L.P. (NYSE:BX) has declined 1.69% since June 15, 2017 and is downtrending. It has underperformed by 14.26% the S&P500.

The Blackstone Group L.P. (NYSE:BX) Ratings Coverage

Among 5 analysts covering Blackstone Group (NYSE:BX), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Blackstone Group had 10 analyst reports since January 10, 2018 according to SRatingsIntel. Keefe Bruyette & Woods maintained The Blackstone Group L.P. (NYSE:BX) on Wednesday, April 11 with “Buy” rating. The company was upgraded on Friday, January 12 by JP Morgan. On Tuesday, February 6 the stock rating was downgraded by J.P. Morgan to “Hold”. The stock has “Buy” rating by Oppenheimer on Sunday, April 15. The firm has “Buy” rating given on Friday, January 12 by J.P. Morgan. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, January 10. The rating was downgraded by JP Morgan on Tuesday, February 6 to “Neutral”. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, February 1. The firm has “Overweight” rating by Morgan Stanley given on Monday, April 23.

The Blackstone Group L.P. is a publicly owned hedge fund sponsor. The company has market cap of $39.64 billion. The firm also provides financial advisory services to its clients. It has a 17.09 P/E ratio. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations, retirees, sovereign wealth funds, and institutional and individual investors.

More important recent The Blackstone Group L.P. (NYSE:BX) news were published by: Businesswire.com which released: “Agreement by Teleperformance to Acquire Intelenet from Blackstone” on June 14, 2018, also Seekingalpha.com published article titled: “Reuters: Linde-Praxair merger narrows in favor of strategic bidders”, Nasdaq.com published: “Geopolitical Risks Are a Way Smaller Market Factor Than You Might Think” on June 12, 2018. More interesting news about The Blackstone Group L.P. (NYSE:BX) was released by: Benzinga.com and their article: “BTIG: Despite Blackstone Deal, Pebblebrook Still Has Options With LaSalle Hotel Properties” with publication date: May 21, 2018.

The Blackstone Group L.P. (NYSE:BX) Ratings Chart

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