$0.77 Earnings Per Share Expected for The Blackstone Group (BX) This Quarter

Marco Green
April 15, 2018

Blackstone Group Lp now has $36.50B valuation.

BX stock traded down $0.29 during mid-day trading on Monday, hitting $31.01. About 3.12 million shares traded. It has underperformed by 31.59% the S&P500.

Gillam increased its stake in Sodastream International Ltd (SODA) by 6.75% based on its latest 2017Q4 regulatory filing with the SEC. 195.04 million shares or 2.11% more from 191.01 million shares in 2017Q3 were reported. Nextera Energy Inc now has $75.82 billion valuation. The stock increased 0.24% or $0.0825 during the last trading session, reaching $34.985. Atlantic Trust Group LLC now owns 1,911,552 shares of the asset manager's stock valued at $63,787,000 after purchasing an additional 1,828,052 shares during the period. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since April 14, 2017 and is uptrending. It has outperformed by 12.47% the S&P500. On Thursday, March 15 the insider Nazar Manoochehr K sold $2.08 million. VORPAHL LARRY L had sold 180,000 shares worth $6.16M on Tuesday, April 3. Tocqueville Asset Mngmt LP reported 15,150 shares or 0.01% of all its holdings. Barr E S invested in 2.87% or 881,290 shs. The company was maintained on Monday, September 18 by Cowen & Co. The rating was downgraded by JP Morgan to "Neutral" on Tuesday, February 6. (NYSE:NEE) or 9,250 shares. (NASDAQ:FB) or 5.45M shares.

Investors sentiment increased to 1.04 in 2017 Q4. It's up 0.10, from 0.99 in 2017Q3. 125 funds opened positions while 589 raised stakes. Finally, UBS started coverage on shares of The Blackstone Group in a report on Tuesday, March 27th. (NYSE:NEE). Donaldson Cap Mgmt Ltd reported 2.86% stake. Bb&T Securities Limited Liability owns 99,748 shares or 0.04% of their U.S. portfolio. M. Kraus & Co owns 54,881 shares or 4.71% of their United States portfolio. Invesco Ltd holds 185,331 shares or 0% of its portfolio. Moreover, Monetary Mngmt has 0.17% invested in NextEra Energy, Inc. Moreover, Manchester Capital Management Limited Liability Com has 0.03% invested in NextEra Energy, Inc. Neuberger Berman Group LLC now owns 1,942,237 shares of the asset manager's stock valued at $64,812,000 after purchasing an additional 1,117,412 shares during the period. Amp Cap Investors accumulated 45,300 shares. Private Advisor Gru Limited Company has invested 0.13% in NextEra Energy, Inc. Cornerstone Advisors stated it has 0% of its portfolio in Targa Resources Corp.

Among 15 analysts covering Nextera Energy Inc. Hormel Foods Corporation (NYSE:HRL) has declined 1.70% since April 13, 2017 and is downtrending. Therefore 67% are positive. Nextera Energy Inc. had 41 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Thursday, February 1 by Keefe Bruyette & Woods. The stock of AT&T Inc. Goldman Sachs initiated The Blackstone Group L.P. (NYSE:BX) rating on Tuesday, August 11. Jefferies maintained Hormel Foods Corporation (NYSE:HRL) rating on Thursday, June 29. Vetr has "Buy" rating and $18.59 target. The rating was maintained by Wood with "Market Perform" on Monday, July 11. Barclays Capital maintained the shares of BX in report on Tuesday, August 11 with "Overweight" rating. Wells Fargo maintained AT&T Inc. The stock has "Hold" rating by Standpoint Research on Sunday, August 9. JP Morgan has "Overweight" rating and $170 target.

Analysts await NextEra Energy, Inc. They expect $0.77 EPS, down 6.10% or $0.05 from last year's $0.82 per share. BX's profit will be $914.82M for 10.02 P/E if the $0.77 EPS becomes a reality. After $1.67 actual EPS reported by Harris Corporation for the previous quarter, Wall Street now forecasts -1.80% negative EPS growth. The Blackstone Group L.P. (NYSE:BX) has risen 7.37% since April 14, 2017 and is uptrending.

Total analysts of 5 have positions in Blackstone Group (NYSE:BX) as follows: 3 rated it a "Buy", 0 with "Sell" and 2 with "Hold". Therefore 58% are positive.

The Blackstone Group L.P. had a return on equity of 15.59% and a net margin of 20.08%.

Among 19 analysts covering The Blackstone Group L.P. The rating was maintained by Barclays Capital on Friday, July 14 with "Equal Weight". The firm has "Outperform" rating by Robert W. Baird given on Wednesday, October 25. Oppenheimer upgraded the shares of BX in report on Friday, October 16 to "Outperform" rating. The firm earned "Buy" rating on Thursday, October 19 by Keefe Bruyette & Woods. Morgan Stanley reaffirmed an "overweight" rating on shares of The Blackstone Group L.P.in a research report on Saturday, December 17th. The firm has "Buy" rating by Deutsche Bank given on Tuesday, February 9.

Wilen Investment Management Corp, which manages about $240.00M and $152.89M US Long portfolio, decreased its stake in Goodyear Tire (NASDAQ:GT) by 16,350 shares to 424,507 shares, valued at $13.80 million in 2017Q4, according to the filing. It also reduced its holding in Vanguard Tax Managed Intl Fd (VEA) by 18,479 shares in the quarter, leaving it with 71,455 shares, and cut its stake in Vanguard Specialized Funds (VIG). Select Sector Spdr Tr (XLV) was reduced too.

Investors sentiment decreased to 1 in 2017 Q4. It's down -0.41, from 1.8 in 2017Q3. Whalerock Point Prns Ltd Liability Company owns 0.18% invested in The Blackstone Group L.P. (NYSE:BX) for 17,853 shs. SevenBridge Financial Group LLC raised its position in The Blackstone Group L.P.by 4,022.5% in the third quarter.

Advisors Cap Mgmt Lc stated it has 134,050 shares. Sii Invests Inc Wi owns 0.07% invested in The Blackstone Group L.P. (NYSE:BX) for 20,147 shares. Signalpoint Asset Management Limited Liability Company reported 34,776 shares. 78,263 are owned by M&T Savings Bank Corp. Ftb Advsrs has invested 0% in The Blackstone Group L.P. (NYSE:BX). Tower Research Capital Ltd Liability Corporation (Trc) reported 200 shares. 228,026 were accumulated by Blair William Il. At the end of 2017Q4, the 275,000 shares of the investment managers company held by the hedge fund run by Martin Hughes were priced at $10.05 million, down from 745,000 at the end of the previous reported quarter.

"COPYRIGHT VIOLATION NOTICE: "$0.77 Earnings Per Share Expected for The Blackstone Group (BX) This Quarter" was first reported by Week Herald and is the sole property of of Week Herald. The stock of The Blackstone Group L.P. (NYSE:BX) has "Buy" rating given on Friday, January 12 by J.P. Morgan.

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