The Blackstone Group L.P. (NYSE:BX) is expected to pay $0.41 on Nov 14, 2016. The indicated annual dividend is $1.64. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on The Blackstone Group L.P.’s current price of $24.92, the dividend is 1.65%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 28, 2016. The stock decreased 0.44% or $0.11 during the last trading session, hitting $24.92. Blackstone Group LP (NYSE:BX) has declined 11.16% since March 31, 2016 and is downtrending. It has underperformed by 13.68% the S&P500.
The Blackstone Group L.P. is a global alternative asset manager. The company has a market cap of $29.17 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 62.92 P/E ratio. The Company’s divisions include Private Equity, Real Estate, Hedge Fund Solutions and Credit.
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.
The New York-based Eulav Asset Mgmt has invested 0.37% in Blackstone Group LP (NYSE:BX). Williams Jones And Associate Ltd Liability Company, a New York-based fund reported 1.06 million shares. Spirit Of America Mngmt Corp Ny last reported 33,805 shares in the company. Bahl And Gaynor has 0.03% invested in the company for 85,250 shares. Northeast Finance Consultants reported 23,875 shares or 0.26% of all its holdings. Seabridge Invest Advsr Ltd Limited Liability Company holds 0% of its portfolio in Blackstone Group LP (NYSE:BX) for 375 shares. Insight 2811 holds 0.08% or 8,500 shares in its portfolio. Moreover, Burns J W Communication Incorporated Ny has 0.07% invested in Blackstone Group LP (NYSE:BX) for 9,475 shares. Central State Bank And has 0% invested in the company for 706 shares. Krasney Ltd Liability Corp last reported 25,136 shares in the company. Grand Jean Cap Management Inc last reported 0.24% of its portfolio in the stock. Bnp Paribas Arbitrage owns 813,026 shares or 0.09% of their US portfolio. Moreover, Advisory has 0.23% invested in Blackstone Group LP (NYSE:BX) for 48,718 shares. Beck Mack Oliver Ltd Liability reported 3.00 million shares or 2.6% of all its holdings. Bank & Trust Of America De last reported 6.20M shares in the company.
Insider Transactions: Since August 15, 2016, the stock had 0 insider buys, and 2 insider sales for $611,435 net activity. On Wednesday, September 7 SKERO KATHLEEN sold $304,865 worth of the stock or 11,500 shares.
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. As per Wednesday, October 7, the company rating was maintained by Jefferies. Barclays Capital maintained Blackstone Group LP (NYSE:BX) rating on Tuesday, August 11. Barclays Capital has “Overweight” rating and $45.0 price target. As per Monday, August 17, the company rating was maintained by Deutsche Bank. The stock of Blackstone Group LP (NYSE:BX) earned “Neutral” rating by Bank of America on Tuesday, December 8. The rating was maintained by Barclays Capital on Tuesday, August 9 with “Overweight”. Susquehanna maintained the stock with “Positive” rating in Thursday, September 3 report. The rating was maintained by Jefferies with “Buy” on Tuesday, August 2. On Monday, July 11 the stock rating was maintained by Wood with “Market Perform”. On Tuesday, January 26 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was maintained by Deutsche Bank on Thursday, June 16 with “Hold”.
More notable recent Blackstone Group LP (NYSE:BX) news were published by: Reuters.com which released: “Blackstone to buy TeamHealth for $6.1 billion” on October 31, 2016, also Bloomberg.com with their article: “Blackstone Tops Third-Quarter Estimates on Real Estate Sales” published on October 27, 2016, Bloomberg.com published: “Blackstone’s Search for Real Estate Buyers Keeps Ending in China” on October 24, 2016. More interesting news about Blackstone Group LP (NYSE:BX) were released by: Forbes.com and their article: “Blackstone Group Becomes Oversold” published on October 06, 2016 as well as Valuewalk.com‘s news article titled: “Sirius XM Holdings Inc., Blackstone Group LP Rise On Solid Earnings” with publication date: October 27, 2016.
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.
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