Deutsche Bank Maintains Blackstone Group LP to Hold with Price Target $26.00

Brokerage firm Deutsche Bank Maintains its rating on Blackstone Group LP(NYSE:BX). In a research note issued to the investors, the brokerage major Lowers the price-target to $26.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Jun 16, 2016.

In a different note, On Apr 5, 2016, Barclays said it Maintains its rating on Blackstone Group LP. In the research note, the firm Raises the price-target to $30.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 5, 2016, Deutsche Bank said it Maintains its rating on Blackstone Group LP. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Hold’ by the firm.

Blackstone Group LP (BX) shares turned negative on Tuesdays trading session with the shares closing down -0.17 points or -0.67% at a volume of 40,50,668. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.86. The peak price level was also seen at $25.86 while the days lowest was $25.28. Finally the shares closed at $25.32. The 52-week high of the shares is $41.802747 while the 52-week low is $22.31. According to the latest information available, the market cap of the company is $30,192 M.

Blackstone Group LP(BX) last announced its earnings results on Apr 21, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $929.45M. Analysts had an estimated revenue of $874.60M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.25.

Several Insider Transactions has been reported to the SEC. On Feb 23, 2016, Bennett J Goodman (director) sold 342,916 shares at $26.31 per share price.Also, On Dec 15, 2015, William G Parrett (director) purchased 4,000 shares at $28.72 per share price.On Sep 4, 2015, Kathleen Skero (Principal Accounting Officer) sold 2,800 shares at $34.06 per share price, according to the Form-4 filing with the securities and exchange commission.

The Blackstone Group L.P. 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 multi-asset class exposures falling outside of other funds’ mandates. The Company’s segments include Private Equity Real Estate Hedge Fund Solutions and Credit. The Company’s Private Equity segment focuses on identifying managing and creating lasting value for its investors. The Company manages a number of global European and Asian focused opportunistic real estate funds several real estate debt investment funds a real estate investment trust (BXMT). The Company’s Hedge Fund Solutions group consists of Blackstone Alternative Asset Management (BAAM). Its credit business consists of GSO Capital Partners LP (GSO). It is a participant in the leveraged finance markets.

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