Blackstone Group (NYSE:BX) Given "Buy" Rating at Credit Suisse Group

Lloyd Doyle
January 23, 2018

Following the sale, the insider now owns 87,852 shares of the company's stock, valued at approximately $2,779,637.28. Mycio Wealth Partners Llc bought 11,050 shares as the company's stock declined 1.16% while stock markets rallied. About 2.58 million shares traded. HRG Group, Inc. (NYSE:HRG) has risen 28.87% since January 23, 2017 and is uptrending. It has outperformed by 3.79% the S&P500.

Camarda Financial Advisors Llc decreased its stake in Blackstone Group LP (BX) by 77.68% based on its latest 2017Q3 regulatory filing with the SEC. Accern also assigned news coverage about the asset manager an impact score of 45.6528078786343 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term. The asset manager reported $0.69 EPS for the quarter, topping the consensus estimate of $0.55 by $0.14. Focused Wealth Management Inc who had been investing in Blackstone Group LP for a number of months, seems to be bullish on the $41.43B market cap company. The stock increased 1.07% or $0.37 during the last trading session, reaching $35.07. Jaffetilchin Invest Prtn Limited Co stated it has 0.12% of its portfolio in The Blackstone Group L.P. (NYSE:BX). It has outperformed by 3.79% the S&P500.

Since December 13, 2017, it had 0 insider purchases, and 1 sale for $632,896 activity.

Investors sentiment increased to 1.35 in Q3 2017. Its down 0.40, from 1.64 in 2017Q2. It turned negative, as 29 investors sold BX shares while 155 reduced holdings. 52 funds opened positions while 177 raised stakes.

A number of analysts have issued reports on BX shares. The Blackstone Group L.P. Proshare Advsr Ltd Liability holds 0.33% or 217,406 shares in its portfolio. The Blackstone Group L.P.'s dividend payout ratio is presently 97.30%. Mark Sheptoff Planning Limited Liability Company accumulated 6,700 shares. Reliance Of Delaware holds 12,606 shares. Tudor Inv Et Al invested in 0.1% or 51,595 shares. Next Financial Grp invested 0.11% of its portfolio in The Blackstone Group L.P. (NYSE:BX). It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 5,451 shares in the quarter, leaving it with 102,376 shares, and cut its stake in Exxon Mobil Corp (NYSE:XOM). Raymond James Fincl Serv accumulated 0.08% or 356,759 shares. Stratos Wealth Limited holds 0.34% or 216,605 shares. 9,457 are owned by Syntal Partners Lc. Blackstone Group had a net margin of 22.88% and a return on equity of 19.71%. Therefore 89% are positive.

On Friday, December 28th, Group L.P. Blackstone purchased 228,535 shares of Blackstone Group stock. The rating was maintained by Jefferies on Friday, April 28 with "Buy". Zacks Investment Research downgraded shares of Blackstone Group from a "hold" rating to a "sell" rating in a report on Monday, September 25th. The ex-dividend date of this dividend is Thursday, July 27th. Finally, Credit Suisse Group restated a "buy" rating and set a $47.00 price objective on shares of Blackstone Group in a report on Thursday, January 11th. The firm has "Outperform" rating by Oppenheimer given on Friday, July 14. The firm earned "Overweight" rating on Friday, January 12 by JP Morgan. Moving averages can help spot trends and price reversals. The rating was maintained by Jefferies with "Buy" on Friday, October 6. Bank of America maintained the stock with "Buy" rating in Friday, October 20 report. Barclays Capital maintained the stock with "Overweight" rating in Tuesday, January 3 report.

Among 33 analysts covering The Home Depot Inc. Therefore 46% are positive. The Blackstone Group L.P. had 58 analyst reports since August 9, 2015 according to SRatingsIntel. The company was maintained on Thursday, November 3 by Axiom Capital. Jefferies maintained the shares of BX in report on Wednesday, October 7 with "Buy" rating. Keefe Bruyette & Woods maintained Citigroup Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 9 Hold. JMP Securities has "Market Outperform" rating and $165 target. (NYSE:C) on Wednesday, June 7 with "Buy" rating. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. (NASDAQ:AFAM) has "Buy" rating given on Monday, July 17 by RBC Capital Markets. The firm has "Buy" rating given on Thursday, November 5 by Bank of America. Shares for $2.70 million were sold by Aristeguieta Francisco. Shares for $1.63M were sold by Campbell Ann Marie on Wednesday, August 16. On Monday, August 21 the insider Wehner David M. sold $2.59 million. THOMAS GARY L sold $4.52M worth of stock. (NASDAQ:FB) on Tuesday, August 15. Its down 0.25, from 1.4 in 2017Q2. Tru Of Vermont invested 0.89% in The Home Depot, Inc. (NASDAQ:FB) for 31,817 shares. Klingenstein Fields & Com Limited Com has 1.28% invested in Facebook, Inc. Hilton Capital Mngmt Ltd Llc holds 12,480 shares or 0.07% of its portfolio. Hightower Advisors Ltd Llc reported 1.24M shares. Ibm Retirement Fund holds 2% or 57,963 shares. Hartford Management Incorporated reported 554 shares stake. After $0.43 actual EPS reported by Almost Family, Inc. for the previous quarter, Wall Street now forecasts 39.53% EPS growth. Oakbrook Invs Ltd Liability holds 68,801 shares. Mirador Cap Ptnrs Lp has 82,320 shares. California-based Lederer & Associates Counsel Ca has invested 3.72% in Facebook, Inc. First Dallas accumulated 0.19% or 8,430 shares. Iconiq Capital Llc reported 370,196 shares stake.

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