136,214 Shares in Blackstone Group LP (BX) Acquired by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. acquired a new stake in shares of Blackstone Group LP (NYSE:BX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 136,214 shares of the asset manager’s stock, valued at approximately $4,545,000.

A number of other large investors have also recently modified their holdings of the stock. Omnia Family Wealth LLC grew its stake in Blackstone Group by 0.5% in the 2nd quarter. Omnia Family Wealth LLC now owns 4,020 shares of the asset manager’s stock worth $134,000 after buying an additional 20 shares in the last quarter. Mosaic Family Wealth LLC grew its stake in Blackstone Group by 0.6% in the 2nd quarter. Mosaic Family Wealth LLC now owns 7,108 shares of the asset manager’s stock worth $237,000 after buying an additional 45 shares in the last quarter. Linscomb & Williams Inc. grew its stake in Blackstone Group by 0.8% in the 2nd quarter. Linscomb & Williams Inc. now owns 9,182 shares of the asset manager’s stock worth $306,000 after buying an additional 69 shares in the last quarter. Gofen & Glossberg LLC IL grew its stake in Blackstone Group by 1.3% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 8,450 shares of the asset manager’s stock worth $282,000 after buying an additional 110 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its stake in Blackstone Group by 0.3% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 42,088 shares of the asset manager’s stock worth $1,404,000 after buying an additional 143 shares in the last quarter. 46.91% of the stock is owned by institutional investors.

A number of research firms have commented on BX. Morgan Stanley boosted their price target on shares of Blackstone Group from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, October 23rd. Bank of America boosted their price target on shares of Blackstone Group from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Oppenheimer reissued a “buy” rating on shares of Blackstone Group in a research note on Thursday, October 19th. Zacks Investment Research raised shares of Blackstone Group from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Finally, Vetr cut shares of Blackstone Group from a “strong-buy” rating to a “buy” rating and set a $37.15 price target for the company. in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.25.

Shares of Blackstone Group LP (BX) opened at $31.76 on Thursday. Blackstone Group LP has a 12 month low of $26.60 and a 12 month high of $35.09. The stock has a market cap of $20,271.20, a price-to-earnings ratio of 11.56, a PEG ratio of 0.58 and a beta of 1.34. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.95.

Blackstone Group (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. Blackstone Group had a net margin of 22.88% and a return on equity of 19.71%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The firm’s revenue was up 21.4% on a year-over-year basis. analysts forecast that Blackstone Group LP will post 2.78 earnings per share for the current fiscal year.

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Blackstone Group 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.

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

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