Omnia Family Wealth LLC Has $246,000 Position in Blackstone Group LP (BX)

Omnia Family Wealth LLC held its stake in Blackstone Group LP (NYSE:BX) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,085 shares of the asset manager’s stock at the end of the first quarter. Omnia Family Wealth LLC’s holdings in Blackstone Group were worth $246,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BX. Pittenger & Anderson Inc. increased its position in Blackstone Group by 12.7% in the fourth quarter. Pittenger & Anderson Inc. now owns 4,000 shares of the asset manager’s stock worth $108,000 after buying an additional 450 shares during the period. Advantage Investment Management LLC bought a new position in Blackstone Group during the fourth quarter worth approximately $111,000. TCI Wealth Advisors Inc. increased its position in Blackstone Group by 1.3% in the third quarter. TCI Wealth Advisors Inc. now owns 5,140 shares of the asset manager’s stock worth $131,000 after buying an additional 66 shares during the period. Israel Discount Bank of New York GFN bought a new position in Blackstone Group during the fourth quarter worth approximately $135,000. Finally, Hudock Capital Group LLC increased its position in Blackstone Group by 20.2% in the first quarter. Hudock Capital Group LLC now owns 4,726 shares of the asset manager’s stock worth $140,000 after buying an additional 793 shares during the period. 43.26% of the stock is owned by institutional investors.

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

Blackstone Group LP (NYSE:BX) traded up 0.34% during mid-day trading on Monday, hitting $32.58. The company’s stock had a trading volume of 4,348,856 shares. The stock has a market cap of $21.07 billion, a P/E ratio of 16.09 and a beta of 1.42. Blackstone Group LP has a 52-week low of $22.45 and a 52-week high of $33.01. The company’s 50 day moving average is $30.39 and its 200-day moving average is $29.32.

Blackstone Group (NYSE:BX) last issued its quarterly earnings results on Thursday, April 20th. The asset manager reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.13. Blackstone Group had a return on equity of 15.59% and a net margin of 20.08%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was up 108.1% on a year-over-year basis. On average, equities analysts predict that Blackstone Group LP will post $2.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 8th. Stockholders of record on Monday, May 1st were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 10.68%. This is an increase from Blackstone Group’s previous quarterly dividend of $0.47. The ex-dividend date was Thursday, April 27th. Blackstone Group’s dividend payout ratio is presently 121.29%.

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Several research analysts have commented on the company. Citigroup Inc reissued a “buy” rating and set a $41.00 target price (up previously from $40.00) on shares of Blackstone Group in a research note on Sunday. Jefferies Group LLC boosted their target price on Blackstone Group from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, May 23rd. Vetr cut Blackstone Group from a “strong-buy” rating to a “buy” rating and set a $34.51 price target on the stock. in a report on Monday, May 22nd. Credit Suisse Group AG boosted their price target on Blackstone Group from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, May 23rd. Finally, Zacks Investment Research cut Blackstone Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $35.50.

In other news, insider John G. Finley sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $32.53, for a total value of $650,600.00. Following the sale, the insider now directly owns 121,556 shares in the company, valued at $3,954,216.68. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

About Blackstone Group

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.

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