The Blackstone Group L.P. Commo (NYSE:BX).
Swedbank says it lowered its investment in The Blackstone Group L.P. Commo by 8.8% as reported in a filing on 07/12/2017. Its stake was worth $158,076,000 an increase of $3,646,000 according to the filing.
Swedbank isn’t the only one who has changed their investment in BX. Private Capital Advisors, Inc. bolstered its ownership by buying 5,888 shares an increase of 2.0% as of 06/30/2017. Private Capital Advisors, Inc. now holds 300,005 shares valued at $10,005,000. The total value of its holdings increased 14.5%. As of the end of the quarter Narwhal Capital Management had disposed of 150 shares trimming its holdings by 0.1%. The value of the total investment in The Blackstone Group L.P. Commo increased from $3,144,000 to $3,525,000 increasing 12.1% quarter to quarter.
As of quarter end Clinton Group Inc had sold a total of 355,246 shares trimming its position 91.9%. The value of the investment in (BX) went from $10,443,000 to $924,000 a change of 91.2% quarter over quarter.
On May 22 the company was upgraded to “Buy” from “Buy” by Citigroup. October 13 investment analysts at Barclays held the stock rating at “Overweight” but raised the price target to $31.00 from $29.00.
On July 11 Keefe Bruyette & Woods made no change to the company rating of “Market Perform” and moved down the price target from $48.00 to $33.00. July 7 investment analysts at Barclays maintained a company rating of “Overweight” and lowered the price expectation from $40.00 to $29.00.
On June 16 Deutsche Bank maintained a stock rating of “Hold” but lowered the price expectation to $26.00 from $28.00. Deutsche Bank both downgraded the stock and lowered the price target on March 11 changing the price target from $0.00 to $28.00 and setting the rating at “Hold” which had previously been “Buy”.
The company is now up by 1.34 percent from yesterday’s close. Additionally The Blackstone Group L.P. Commo recently declared a dividend paid on Monday the 8th of May 2017. The dividend payment was $0.870 per share for the quarter or $3.48 on an annualized basis. This dividend represents a yield of $10.55. The ex-dividend date was Thursday the 27th of April 2017.
It is trading at $33.98 which is marginally higher than $32.32, the stock’s 50 day moving average and just a bit higher than the 200 day moving average of $30.47. The 50 day moving average was up $1.68 or +5.204% and the 200 day average went up by +11.588%.
The Blackstone Group L.P. Commo’s P/E ratio is 16.793 and the market cap of the company is 21.99B. As of the latest earnings report the EPS was $2.03 and is estimated to be $2.91 for the current year with 646,742,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.70 and the next full year EPS is projected to be $3.16.