Blackstone Group LP Can’t Be More Safe. Option Traders Like It

 Blackstone Group LP Can't Be More Safe. Option Traders Like It

In today’s session Blackstone Group LP (BX) registered an unusually high (7,600) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious BX increase. With 7,600 contracts traded and 34674 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: BX180119C00025000 closed last at: $2.1 or 7.9% down. About 1.33M shares traded hands. Blackstone Group LP (NYSE:BX) has declined 13.29% since March 14, 2016 and is downtrending. It has underperformed by 18.90% the S&P500.

Analysts await Blackstone Group LP (NYSE:BX) to report earnings on October, 27 before the open. They expect $0.60 EPS, up 271.43% or $0.95 from last year’s $-0.35 per share. BX’s profit will be $710.77 million for 9.75 P/E if the $0.60 EPS becomes a reality. After $0.44 actual EPS reported by Blackstone Group LP for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

Blackstone Group LP (NYSE:BX) Ratings Coverage

Out of 14 analysts covering The Blackstone Group L.P. (NYSE:BX), 9 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 64% are positive. The Blackstone Group L.P. has been the topic of 40 analyst reports since August 9, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Blackstone Group LP (NYSE:BX) on Tuesday, August 9 with “Overweight” rating. The firm has “Neutral” rating given on Tuesday, December 8 by Bank of America. The firm has “Buy” rating by Argus Research given on Tuesday, October 27. On Monday, August 17 the stock rating was maintained by Deutsche Bank with “Buy”. Deutsche Bank maintained the shares of BX in a report on Friday, September 18 with “Buy” rating. The stock of Blackstone Group LP (NYSE:BX) has “Hold” rating given on Sunday, August 9 by Standpoint Research. On Monday, November 23 the stock rating was initiated by JP Morgan with “Neutral”. The stock has “Outperform” rating given by Oppenheimer on Friday, October 16. The firm earned “Buy” rating on Friday, January 8 by Deutsche Bank. The stock has “Hold” rating given by Deutsche Bank on Thursday, June 16.

According to Zacks Investment Research, “Blackstone is one of the world’s leading investment and advisory firms. Their alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.17, from 1.14 in 2016Q1. The ratio worsened, 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.
Moreover, Iowa National Bank has 0% invested in Blackstone Group LP (NYSE:BX) for 300 shares. First Midwest Commercial Bank Trust Division reported 8,474 shares or 0.03% of all its holdings. Sg Americas Securities Limited reported 418,707 shares or 0.07% of all its holdings. Franklin Res accumulated 0% or 84,260 shares. Massachusetts Services Ma, a Massachusetts-based fund reported 6.32 million shares. New England Rech & Mngmt last reported 0.17% of its portfolio in the stock. Camelot Portfolios Limited Liability Co holds 14,408 shares or 0.21% of its portfolio. Jane Street Group Ltd has 27,987 shares for 0% of their US portfolio. Group Inc One Trading Ltd Partnership accumulated 39,136 shares or 0.01% of the stock. Deutsche Natl Bank Ag accumulated 0.06% or 3.45M shares. Moors & Cabot accumulated 94,756 shares or 0.41% of the stock. Architects owns 12,435 shares or 0.09% of their US portfolio. Iconiq Ltd Liability Corporation has invested 0.09% of its portfolio in Blackstone Group LP (NYSE:BX). Archon Partners Limited Liability last reported 2.28% of its portfolio in the stock. Provise Mngmt Gp Limited Liability Co accumulated 0.18% or 40,400 shares.

Insider Transactions: Since August 15, 2016, the stock had 0 insider purchases, and 2 insider sales for $611,435 net activity. SKERO KATHLEEN had sold 11,000 shares worth $306,570.

The Blackstone Group L.P. is a global alternative asset manager. The company has a market cap of $27.72 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 59.08 P/E ratio. The Company’s divisions include Private Equity, Real Estate, Hedge Fund Solutions and Credit.

BX Company Profile

The Blackstone Group L.P. (Blackstone), incorporated on March 12, 2007, 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. The Company’s divisions include Private Equity, Real Estate, Hedge Fund Solutions and Credit.

Another recent and important Blackstone Group LP (NYSE:BX) news was published by Forbes.com which published an article titled: “Blackstone Group Becomes Oversold” on October 06, 2016.

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