Blackstone Group LP (BX) : Webster Bank N. A. reduced its stake in Blackstone Group LP by 1.2% during the most recent quarter end. The investment management company now holds a total of 52,621 shares of Blackstone Group LP which is valued at $1,246,065 after selling 640 shares in Blackstone Group LP , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Blackstone Group LP makes up approximately 0.18% of Webster Bank N. A.’s portfolio.
Other Hedge Funds, Including , Retirement Design Management Inc Adv boosted its stake in BX in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 23,900 shares of Blackstone Group LP which is valued at $565,952. Blackstone Group LP makes up approx 0.35% of Retirement Design Management Inc Adv’s portfolio. Terra Nova Asset Management sold out all of its stake in BX during the most recent quarter. The investment firm sold 8,504 shares of BX which is valued $206,647.Creative Planning boosted its stake in BX in the latest quarter, The investment management firm added 16,597 additional shares and now holds a total of 165,900 shares of Blackstone Group LP which is valued at $4,031,370. Blackstone Group LP makes up approx 0.03% of Creative Planning’s portfolio.Raymond James Trust N.a. reduced its stake in BX by selling 1,122 shares or 5.9% in the most recent quarter. The Hedge Fund company now holds 17,905 shares of BX which is valued at $441,537. Blackstone Group LP makes up approx 0.04% of Raymond James Trust N.a.’s portfolio.Burns J W Co Incny reduced its stake in BX by selling 800 shares or 8.44% in the most recent quarter. The Hedge Fund company now holds 8,675 shares of BX which is valued at $218,090. Blackstone Group LP makes up approx 0.07% of Burns J W Co Incny’s portfolio.
Blackstone Group LP closed down -0.16 points or -0.67% at $23.68 with 39,11,888 shares getting traded on Friday. Post opening the session at $23.96, the shares hit an intraday low of $23.64 and an intraday high of $24.19 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Blackstone Group LP reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.39. The company had revenue of $1192.48 million for the quarter, compared to analysts expectations of $1017.58 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.
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 real estate hedge fund solutions non-investment grade credit secondary funds and multi-asset class exposures falling outside of other funds’ mandates. The Company’s segments include Private Equity Real Estate Hedge Fund Solutions and Credit. The Company’s Private Equity segment focuses on identifying managing and creating lasting value for its investors. The Company manages a number of global European and Asian focused opportunistic real estate funds several real estate debt investment funds a real estate investment trust (BXMT). The Company’s Hedge Fund Solutions group consists of Blackstone Alternative Asset Management (BAAM). Its credit business consists of GSO Capital Partners LP (GSO). It is a participant in the leveraged finance markets.