Blackstone Group LP(NYSE:BX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $1.17B. Analysts estimated a revenue of $1.50B. Earnings per share were $0.44. Analysts had estimated an EPS of $0.60.
In a different note, On Jul 11, 2016, Keefe Bruyette & Woods said it Maintains its rating on Blackstone Group LP. In the research note, the firm Lowers the price-target to $34.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on Blackstone Group LP. In the research note, the firm Lowers the price-target to $31.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jun 16, 2016, Deutsche Bank said it Maintains its rating on Blackstone Group LP. In the research note, the firm Lowers the price-target to $28.00 per share. The shares have been rated ‘Hold’ by the firm.
Blackstone Group LP (BX) made into the market gainers list on Wednesdays trading session with the shares advancing 2.13% or 0.54 points. Due to strong positive momentum, the stock ended at $25.84, which is also near the day’s high of $26.03. The stock began the session at $25.3 and the volume stood at 53,04,823 shares. The 52-week high of the shares is $41.15525 and the 52 week low is $22.31. The company has a current market capitalization of $30,812 M and it has 1,19,24,01,540 shares in outstanding.
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.