Blackstone Group (BX) Earns Daily News Impact Rating of 0.17

News articles about Blackstone Group (NYSE:BX) have trended somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blackstone Group earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 44.5377118311721 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

Shares of Blackstone Group (NYSE:BX) traded up $0.91 during trading on Thursday, reaching $32.90. The company had a trading volume of 8,348,882 shares, compared to its average volume of 4,131,558. The stock has a market capitalization of $19,993.68, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 0.56 and a beta of 1.34. Blackstone Group has a 52 week low of $26.65 and a 52 week high of $35.09. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.95.

Blackstone Group (NYSE:BX) last released its quarterly earnings results on Thursday, October 19th. The asset manager reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. Blackstone Group had a return on equity of 19.71% and a net margin of 22.88%. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. The firm’s revenue was up 21.4% compared to the same quarter last year. equities research analysts predict that Blackstone Group will post 2.8 earnings per share for the current fiscal year.

BX has been the subject of a number of analyst reports. Credit Suisse Group dropped their price target on Blackstone Group from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, August 30th. Vetr lowered Blackstone Group from a “strong-buy” rating to a “buy” rating and set a $37.15 price target for the company. in a research report on Monday, September 25th. Zacks Investment Research lowered Blackstone Group from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. Oppenheimer reiterated a “buy” rating on shares of Blackstone Group in a research report on Thursday, October 19th. Finally, Bank of America increased their price objective on Blackstone Group from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Blackstone Group currently has a consensus rating of “Buy” and a consensus price target of $38.25.

In other Blackstone Group news, insider John G. Finley sold 800 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $32.00, for a total transaction of $25,600.00. Following the transaction, the insider now directly owns 87,852 shares in the company, valued at $2,811,264. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John G. Finley sold 20,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $31.64, for a total value of $632,800.00. Following the transaction, the insider now owns 87,852 shares in the company, valued at $2,779,637.28. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

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Blackstone Group Company Profile

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.

Insider Buying and Selling by Quarter for Blackstone Group (NYSE:BX)

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