Blackstone Group LP (BX) is Private Capital Advisors Inc.’s 4th Largest Position

Private Capital Advisors Inc. grew its position in Blackstone Group LP (NYSE:BX) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 300,820 shares of the asset manager’s stock after buying an additional 10,320 shares during the period. Blackstone Group makes up approximately 3.2% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 4th largest position. Private Capital Advisors Inc.’s holdings in Blackstone Group were worth $8,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley boosted its holdings in shares of Blackstone Group by 0.9% in the third quarter. Morgan Stanley now owns 31,144,347 shares of the asset manager’s stock valued at $1,185,976,000 after acquiring an additional 273,178 shares in the last quarter. JRM Investment Counsel LLC lifted its stake in Blackstone Group by 2.2% during the third quarter. JRM Investment Counsel LLC now owns 240,158 shares of the asset manager’s stock valued at $9,145,000 after purchasing an additional 5,281 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Blackstone Group during the third quarter valued at approximately $11,424,000. Marshall Wace LLP acquired a new stake in Blackstone Group during the third quarter valued at approximately $2,680,000. Finally, Clarus Wealth Advisors lifted its stake in Blackstone Group by 180.1% during the third quarter. Clarus Wealth Advisors now owns 8,534 shares of the asset manager’s stock valued at $325,000 after purchasing an additional 5,487 shares during the last quarter. Hedge funds and other institutional investors own 49.61% of the company’s stock.

In related news, major shareholder Blackstone Bgsl Holdings Llc bought 192,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was bought at an average price of $25.00 per share, for a total transaction of $4,800,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Shares of NYSE:BX traded down $0.08 during mid-day trading on Monday, hitting $31.97. The stock had a trading volume of 71,493 shares, compared to its average volume of 4,681,025. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $21.02 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Blackstone Group LP has a 12-month low of $26.88 and a 12-month high of $40.60.

Blackstone Group (NYSE:BX) last issued its quarterly earnings results on Thursday, October 18th. The asset manager reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.79 billion. Blackstone Group had a net margin of 22.34% and a return on equity of 22.67%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. On average, equities analysts predict that Blackstone Group LP will post 2.85 earnings per share for the current year.

Several analysts recently commented on the stock. Bank of America increased their target price on shares of Blackstone Group from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, September 24th. JPMorgan Chase & Co. set a $45.00 target price on shares of Blackstone Group and gave the company a “buy” rating in a research note on Thursday, September 20th. Zacks Investment Research raised shares of Blackstone Group from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday, September 18th. Morgan Stanley cut their target price on shares of Blackstone Group from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Finally, ValuEngine raised shares of Blackstone Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 22nd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Blackstone Group currently has a consensus rating of “Buy” and an average target price of $42.54.

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About Blackstone Group

The Blackstone Group L.P. is a publicly owned alternative asset manager. The firm also provides capital markets services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations, retirees, sovereign wealth funds, and institutional and individual investors.

Read More: Derivative

Want to see what other hedge funds are holding BX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Group LP (NYSE:BX).

Institutional Ownership by Quarter for Blackstone Group (NYSE:BX)

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