Dorsey & Whitney Trust CO LLC Has $265,000 Holdings in The Blackstone Group L.P. (BX)

Dorsey & Whitney Trust CO LLC continued to hold its position in The Blackstone Group L.P. (NYSE:BX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,963 shares of the asset manager’s stock at the close of the second quarter. Dorsey & Whitney Trust CO LLC’s holdings in The Blackstone Group L.P. were worth $265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BX. Jacobi Capital Management LLC bought a new position in The Blackstone Group L.P. in the second quarter worth $116,000. Winslow Evans & Crocker Inc. increased its holdings in shares of The Blackstone Group L.P. by 1.4% during the second quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the asset manager’s stock valued at $117,000 after acquiring an additional 50 shares in the last quarter. PHH Investments Ltd. bought a new position in shares of The Blackstone Group L.P. during the first quarter valued at $134,000. Omnia Family Wealth LLC increased its holdings in shares of The Blackstone Group L.P. by 0.5% during the second quarter. Omnia Family Wealth LLC now owns 4,020 shares of the asset manager’s stock valued at $134,000 after acquiring an additional 20 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its holdings in shares of The Blackstone Group L.P. by 72.1% during the first quarter. Archford Capital Strategies LLC now owns 5,088 shares of the asset manager’s stock valued at $151,000 after acquiring an additional 2,131 shares in the last quarter. Institutional investors and hedge funds own 46.63% of the company’s stock.

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Shares of The Blackstone Group L.P. (NYSE BX) opened at 32.29 on Friday. The firm has a 50 day moving average price of $32.40 and a 200 day moving average price of $31.68. The stock has a market capitalization of $20.95 billion, a PE ratio of 14.52 and a beta of 1.34. The Blackstone Group L.P. has a one year low of $23.33 and a one year high of $35.09.

The Blackstone Group L.P. (NYSE:BX) last released its quarterly earnings results on Thursday, July 20th. The asset manager reported $0.59 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.03). The Blackstone Group L.P. had a return on equity of 18.97% and a net margin of 22.88%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. Analysts predict that The Blackstone Group L.P. will post $2.80 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on BX shares. Credit Suisse Group reduced their price target on The Blackstone Group L.P. from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, August 30th. BidaskClub cut The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Morgan Stanley reissued an “overweight” rating and issued a $40.00 target price (up from $37.00) on shares of The Blackstone Group L.P. in a research report on Tuesday, July 25th. Zacks Investment Research cut The Blackstone Group L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Vetr raised The Blackstone Group L.P. from a “buy” rating to a “strong-buy” rating and set a $37.55 target price on the stock in a research report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The Blackstone Group L.P. currently has an average rating of “Buy” and an average price target of $37.34.

About The Blackstone Group L.P.

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

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