Jacobson Schmitt Advisors buys $4,272,784 stake in Blackstone Group LP (BX)

Blackstone Group LP (BX) : Jacobson Schmitt Advisors scooped up 2,332 additional shares in Blackstone Group LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 154,811 shares of Blackstone Group LP which is valued at $4,272,784.Blackstone Group LP makes up approximately 3.52% of Jacobson Schmitt Advisors’s portfolio.

Other Hedge Funds, Including , Shamrock Asset Management reduced its stake in BX by selling 8,783 shares or 83.78% in the most recent quarter. The Hedge Fund company now holds 1,700 shares of BX which is valued at $46,920. Blackstone Group LP makes up approx 0.03% of Shamrock Asset Management’s portfolio.Hightower Advisors boosted its stake in BX in the latest quarter, The investment management firm added 67,889 additional shares and now holds a total of 706,841 shares of Blackstone Group LP which is valued at $19,508,812. Blackstone Group LP makes up approx 0.24% of Hightower Advisors’s portfolio.Rathbone Brothers Plc reduced its stake in BX by selling 3,350 shares or 5.06% in the most recent quarter. The Hedge Fund company now holds 62,908 shares of BX which is valued at $1,677,127. Blackstone Group LP makes up approx 0.09% of Rathbone Brothers Plc’s portfolio.Willingdon Wealth Management boosted its stake in BX in the latest quarter, The investment management firm added 16,060 additional shares and now holds a total of 33,701 shares of Blackstone Group LP which is valued at $924,081. Blackstone Group LP makes up approx 0.46% of Willingdon Wealth Management’s portfolio.Btr Capital Management Inc reduced its stake in BX by selling 2,710 shares or 5.48% in the most recent quarter. The Hedge Fund company now holds 46,760 shares of BX which is valued at $1,175,079. Blackstone Group LP makes up approx 0.26% of Btr Capital Management Inc’s portfolio.

Blackstone Group LP opened for trading at $27.5 and hit $27.81 on the upside on Monday, eventually ending the session at $27.6, with a gain of 0.58% or 0.16 points. The heightened volatility saw the trading volume jump to 25,09,763 shares. Company has a market cap of $32,917 M.

On the company’s financial health, Blackstone Group LP reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.39. The company had revenue of $1192.48 million for the quarter, compared to analysts expectations of $1017.58 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.

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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