The Blackstone Group L.P. (NYSE:BX) Stake Maintained by American National Registered Investment Advisor Inc.

American National Registered Investment Advisor Inc. held its position in The Blackstone Group L.P. (NYSE:BX) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 18,000 shares of the asset manager’s stock at the end of the second quarter. American National Registered Investment Advisor Inc.’s holdings in The Blackstone Group L.P. were worth $600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baltimore Washington Financial Advisors Inc. boosted its stake in The Blackstone Group L.P. by 3.3% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 254,569 shares of the asset manager’s stock worth $8,490,000 after buying an additional 8,116 shares during the period. Regent Investment Management LLC acquired a new stake in The Blackstone Group L.P. during the second quarter worth about $217,000. Winslow Evans & Crocker Inc. boosted its stake in The Blackstone Group L.P. by 1.4% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the asset manager’s stock worth $117,000 after buying an additional 50 shares during the period. Randolph Co Inc boosted its stake in The Blackstone Group L.P. by 78.4% in the second quarter. Randolph Co Inc now owns 463,150 shares of the asset manager’s stock worth $15,446,000 after buying an additional 203,600 shares during the period. Finally, Leavell Investment Management Inc. boosted its stake in shares of The Blackstone Group L.P. by 44.9% in the second quarter. Leavell Investment Management Inc. now owns 11,300 shares of the asset manager’s stock worth $377,000 after buying an additional 3,500 shares during the last quarter. 45.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Blackstone Group L.P. (NYSE:BX) traded down 1.08% during trading on Friday, hitting $31.95. 4,904,890 shares of the stock traded hands. The firm has a market cap of $20.73 billion, a P/E ratio of 14.37 and a beta of 1.32. The Blackstone Group L.P. has a 52 week low of $23.33 and a 52 week high of $35.09. The company has a 50-day moving average of $33.59 and a 200-day moving average of $31.43.

The Blackstone Group L.P. (NYSE:BX) last announced its quarterly earnings data on Thursday, July 20th. The asset manager reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.49 billion. The Blackstone Group L.P. had a net margin of 22.88% and a return on equity of 18.97%. During the same quarter in the previous year, the firm posted $0.44 EPS. On average, analysts forecast that The Blackstone Group L.P. will post $2.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Monday, July 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date was Thursday, July 27th. The Blackstone Group L.P.’s payout ratio is 97.30%.

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A number of equities analysts recently issued reports on BX shares. Vetr lowered shares of The Blackstone Group L.P. from a “strong-buy” rating to a “buy” rating and set a $33.18 target price on the stock. in a research report on Wednesday, April 19th. Jefferies Group LLC reissued a “buy” rating on shares of The Blackstone Group L.P. in a report on Thursday, April 27th. Citigroup Inc. raised shares of The Blackstone Group L.P. from a “neutral” rating to a “buy” rating and boosted their price target for the company from $32.00 to $40.00 in a report on Monday, May 22nd. Credit Suisse Group upped their target price on shares of The Blackstone Group L.P. from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, May 23rd. Finally, BidaskClub lowered shares of The Blackstone Group L.P. from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The Blackstone Group L.P. currently has a consensus rating of “Buy” and an average price target of $37.34.

In related news, major shareholder Real Estate Associa Blackstone sold 15,000,000 shares of The Blackstone Group L.P. stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $26.05, for a total value of $390,750,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joan Solotar sold 30,500 shares of The Blackstone Group L.P. stock in a transaction on Monday, June 5th. The stock was sold at an average price of $33.31, for a total value of $1,015,955.00. Following the completion of the sale, the insider now directly owns 150,281 shares of the company’s stock, valued at approximately $5,005,860.11. The disclosure for this sale can be found here. In the last three months, insiders sold 15,050,500 shares of company stock valued at $392,416,555. Corporate insiders own 1.00% of the company’s stock.

About The Blackstone Group L.P.

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, non-investment grade credit, secondary private equity funds of funds and multi-asset class strategies. It operates through four segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit.

Institutional Ownership by Quarter for The Blackstone Group L.P. (NYSE:BX)

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