Out of 13 analysts covering Blackstone (NYSE:BX), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. $49 is the highest target while $26 is the lowest. The $35.19 average target is 36.50% above today’s ($25.78) stock price. Blackstone has been the topic of 31 analyst reports since September 18, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock on August 9 with “Overweight” rating. Wood maintained the shares of BX in a report on July 11 with “Market Perform” rating. Lastly, RBC Capital Markets maintained the stock with “Outperform” rating in a January 26 report. Below is a list of Blackstone Group LP (NYSE:BX) latest ratings and price target changes.
09/08/2016 Broker: Barclays Capital Rating: Overweight Old Target: $29.00 New Target: $33.00 Maintain
02/08/2016 Broker: Jefferies Rating: Buy Old Target: $28.00 New Target: $31.00 Maintain
11/07/2016 Broker: Wood Rating: Market Perform Old Target: $34.00 New Target: $33.00 Maintain
16/06/2016 Broker: Deutsche Bank Rating: Hold Old Target: $28.00 New Target: $26.00 Maintain
About 1.58M shares traded hands. Blackstone Group LP (NYSE:BX) has risen 7.69% since February 8, 2016 and is uptrending. It has underperformed by 8.80% the S&P500.
The Blackstone Group L.P. is a global alternative asset manager. The company has a market cap of $30.92 billion. 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. It has a 65.09 P/E ratio. The Company’s divisions include Private Equity, Real Estate, Hedge Fund Solutions and Credit.
The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.17, from 1.14 in 2016Q1. The ratio dived, as 55 funds sold all Blackstone Group LP shares owned while 135 reduced positions. 31 funds bought stakes while 153 increased positions. They now own 266.64 million shares or 0.80% more from 264.53 million shares in 2016Q1.
Walnut Private Equity Partners Llc holds 13.41% of its portfolio in Blackstone Group LP for 586,819 shares. Hmi Capital Llc owns 1.51 million shares or 6.98% of their US portfolio. Moreover, Jw Asset Management Llc has 5.75% invested in the company for 295,009 shares. The Netherlands-based Ing Groep Nv has invested 5.22% in the stock. Tiger Management L.L.C., a New York-based fund reported 648,700 shares.
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