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Analyst Stock Trading Research on The Blackstone Group LP (BX)

27 January 2017
Analyst Stock Trading Research on The Blackstone Group LP (BX)

This represents a $1.88 annualized dividend and a yield of 6.14%. The company rocked its 52-Week High of $31.16 on Jan 9, 2017 and touched its 52-Week Low of $22.45 on Jul 6, 2016. (NYSE:BX) traded down 0.59% during midday trading on Wednesday, reaching $30.13. BX Principal Accounting Officer SKERO KATHLEEN also sold 11,000 shares, at a stock price of $27.87.

According to Zacks brokerage recommendations, The Blackstone Group L.P. (NYSE:BX)'s Buy count is 1 and Strong Buy is 5 while the number of analysts recommending Sell and Strong Sell are 0 and 3, respectively. The company has a 50 day moving average of $29.10 and a 200-day moving average of $26.67.

For the Current Quarter, the growth estimate for The Blackstone Group L.P.is 73%, while for the Next Quarter the stock growth estimate is 129%.

Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 5 analysts of Thomson Reuters, 9 analysts given HOLD rating to the stock and 1 given UNDERPERFORM rating to J C Penney Company Inc (NYSE:JCP) stock.

For the year, the company reported profit of $1.04 billion, or $1.56 per share. The Zacks Research consensus before the earnings release was $0.51. Firm quarterly performance is -18.93%. Jefferies Group LLC reissued a "buy" rating on shares of The Blackstone Group L.P.in a report on Friday, January 20th. Following the completion of the sale, the insider now owns 100,745 shares in the company, valued at $2,921,605. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The shares were sold at an average price of $22.66, for a total value of $220,443,210.02. The disclosure for this sale can be found here. Insiders have sold a total of 19,466,594 shares of company stock worth $441,273,703 in the last quarter. 11 given Buy rating to the stock whereas 1 analyst given UNDERPERFORM rating to stock and 16 analysts given HOLD rating.

In related news, insider John G. Finley sold 10,000 shares of the company's stock in a transaction that occurred on Monday, December 19th. Bartlett & Co. LLC boosted its stake in The Blackstone Group L.P.by 1.3% in the second quarter. ING Groep NV increased its stake in shares of The Blackstone Group L.P.by 148.8% in the second quarter. HL Financial Services LLC purchased a new stake in The Blackstone Group L.P. during the second quarter worth $668,000.

01/26/2016 - The Blackstone Group L.P. had its "outperform" rating reiterated by analysts at RBC Capital. Finally, Kistler Tiffany Companies LLC raised its position in The Blackstone Group L.P.by 17.7% in the third quarter. And a quick view of analyst notes show that 7 are rating the stock a buy while 5 rate BX a strong buy. Finally, First Heartland Consultants Inc. acquired a new position in The Blackstone Group L.P. during the second quarter worth approximately $359,000.

BX has been the subject of a number of recent research reports.

Many analysts have provided their estimated foresights on The Blackstone Group L.P. Earnings, with 14 analysts believing the company would generate an Average Estimate of $0.64. The Blackstone Group L.P. has been the topic of 40 analyst reports since August 9, 2015 according to StockzIntelligence Inc. Credit Suisse Group reaffirmed a "buy" rating and set a $35.00 price objective on shares of The Blackstone Group L.P.in a research note on Monday, November 7th.

12/16/2015 - The Blackstone Group L.P. had its "overweight" rating reiterated by analysts at Piper Jaffray. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company.

Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 4 analysts of Thomson Reuters, 3 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating.

NEW YORK (AP) _ Blackstone Group L.P. (BX) on Thursday reported fourth-quarter earnings of $368 million.