Todays Report: The Oxbow Advisors LLC Reached $534,000 position of Blackstone Group L.P. (BX)

The Oxbow Advisors LLC Reached $534,000 position  of Blackstone Group L.P. (BX)

Oxbow Advisors LLC continued to hold its position in shares of Blackstone Group L.P. (NYSE:BX) during the second quarter, Holdings Channel reports. The fund owned 21,695 shares of the company’s stock at the end of the second quarter. Oxbow Advisors LLC’s holdings in Blackstone Group L.P. were worth $534,000 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 BX. Adirondack Trust Co. boosted its position in shares of Blackstone Group L.P. by 0.7% in the second quarter. Adirondack Trust Co. now owns 5,236 shares of the company’s stock valued at $128,000 after buying an additional 36 shares during the last quarter. Bartlett & Co. LLC boosted its position in shares of Blackstone Group L.P. by 1.3% in the second quarter. Bartlett & Co. LLC now owns 11,300 shares of the company’s stock valued at $277,000 after buying an additional 140 shares during the last quarter. Mariner Wealth Advisors LLC boosted its position in shares of Blackstone Group L.P. by 2.9% in the first quarter. Mariner Wealth Advisors LLC now owns 7,210 shares of the company’s stock valued at $202,000 after buying an additional 200 shares during the last quarter. Retirement Design & Management Inc. ADV boosted its position in shares of Blackstone Group L.P. by 1.0% in the second quarter. Retirement Design & Management Inc. ADV now owns 23,900 shares of the company’s stock valued at $587,000 after buying an additional 225 shares during the last quarter. Finally, F&V Capital Management LLC boosted its position in shares of Blackstone Group L.P. by 2.1% in the second quarter. F&V Capital Management LLC now owns 10,975 shares of the company’s stock valued at $269,000 after buying an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 49.05% of the company’s stock.

Shares of Blackstone Group L.P. (NYSE:BX) traded up 0.63% during trading on Friday, reaching $25.50. The company had a trading volume of 3,880,516 shares. Blackstone Group L.P. has a 12 month low of $22.31 and a 12 month high of $34.71. The firm has a market capitalization of $16.02 billion, a P/E ratio of 53.80 and a beta of 1.57. The firm’s 50 day moving average price is $25.05 and its 200 day moving average price is $26.17.

Blackstone Group L.P. (NYSE:BX) last issued its earnings results on Thursday, October 27th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Blackstone Group L.P. had a return on equity of 15.49% and a net margin of 23.30%. The business’s quarterly revenue was down 4432.0% on a year-over-year basis. During the same period last year, the company posted ($0.35) earnings per share. Equities analysts predict that Blackstone Group L.P. will post $1.90 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, November 7th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.43%. This is an increase from Blackstone Group L.P.’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, November 3rd. Blackstone Group L.P.’s dividend payout ratio is 117.07%.

Several brokerages have recently issued reports on BX. Deutsche Bank AG restated a “hold” rating on shares of Blackstone Group L.P. in a research note on Sunday, July 10th. Vetr raised Blackstone Group L.P. from a “buy” rating to a “strong-buy” rating and set a $31.48 target price on the stock in a report on Monday, July 25th. Keefe, Bruyette & Woods dropped their target price on Blackstone Group L.P. from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Monday, July 11th. Jefferies Group raised their target price on Blackstone Group L.P. from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Finally, Zacks Investment Research raised Blackstone Group L.P. from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 26th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Blackstone Group L.P. presently has an average rating of “Buy” and a consensus target price of $33.84.

In other news, insider Kathleen Skero sold 11,500 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $26.51, for a total transaction of $304,865.00. Following the completion of the transaction, the insider now directly owns 42,967 shares of the company’s stock, valued at approximately $1,139,055.17. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

About Blackstone Group L.P.

The Blackstone Group L.P. (Blackstone) is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and other multi-asset class strategies.

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