Moody Lynn & Lieberson LLC Has $382,000 Holdings in The Blackstone Group L.P. (BX)

Moody Lynn & Lieberson LLC grew its position in shares of The Blackstone Group L.P. (NYSE:BX) by 15.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,450 shares of the asset manager’s stock after acquiring an additional 1,550 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in The Blackstone Group L.P. were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Omnia Family Wealth LLC boosted its holdings in The Blackstone Group L.P. by 0.5% during the 2nd quarter. Omnia Family Wealth LLC now owns 4,020 shares of the asset manager’s stock worth $134,000 after acquiring an additional 20 shares during the last quarter. Mosaic Family Wealth LLC boosted its holdings in The Blackstone Group L.P. by 0.6% during the 2nd quarter. Mosaic Family Wealth LLC now owns 7,108 shares of the asset manager’s stock worth $237,000 after acquiring an additional 45 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its holdings in The Blackstone Group L.P. by 1.4% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the asset manager’s stock worth $117,000 after acquiring an additional 50 shares during the last quarter. Linscomb & Williams Inc. boosted its holdings in The Blackstone Group L.P. by 0.8% during the 2nd quarter. Linscomb & Williams Inc. now owns 9,182 shares of the asset manager’s stock worth $306,000 after acquiring an additional 69 shares during the last quarter. Finally, Gofen & Glossberg LLC IL boosted its holdings in The Blackstone Group L.P. by 1.3% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 8,450 shares of the asset manager’s stock worth $282,000 after acquiring an additional 110 shares during the last quarter. 47.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Blackstone Group L.P. (NYSE BX) traded down $0.22 during trading on Tuesday, reaching $31.54. The company had a trading volume of 952,075 shares, compared to its average volume of 4,191,070. The Blackstone Group L.P. has a fifty-two week low of $24.45 and a fifty-two week high of $35.09. The company has a market cap of $38,140.00, a PE ratio of 11.56, a P/E/G ratio of 0.58 and a beta of 1.42. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.95.

The Blackstone Group L.P. (NYSE:BX) last announced its quarterly earnings data on Thursday, October 19th. The asset manager reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.14. The Blackstone Group L.P. had a return on equity of 19.71% and a net margin of 22.88%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the business posted $0.57 EPS. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. research analysts predict that The Blackstone Group L.P. will post 2.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 6th. Stockholders of record on Monday, October 30th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend was Friday, October 27th. The Blackstone Group L.P.’s dividend payout ratio is presently 75.86%.

A number of equities analysts recently weighed in on BX shares. BidaskClub raised shares of The Blackstone Group L.P. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Deutsche Bank AG boosted their price target on shares of The Blackstone Group L.P. from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, July 21st. Morgan Stanley reissued an “overweight” rating and issued a $40.00 price target (up from $37.00) on shares of The Blackstone Group L.P. in a report on Tuesday, July 25th. Vetr raised shares of The Blackstone Group L.P. from a “buy” rating to a “strong-buy” rating and set a $36.77 price target on the stock in a report on Thursday, August 10th. Finally, Credit Suisse Group cut their price target on shares of The Blackstone Group L.P. from $46.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, two have given 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 target price of $38.42.

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The Blackstone Group L.P. 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.

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

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