Aug 7, 2017 will mean $0.54 dividends for The Blackstone Group L.P. (NYSE:BX) shareholders.

July 26, 2017 - By Migdalia James

 Aug 7, 2017 will mean $0.54 dividends for The Blackstone Group L.P. (NYSE:BX) shareholders.
Investors sentiment decreased to 1 in 2016 Q4. Its down 0.28, from 1.28 in 2016Q3. It dropped, as 33 investors sold Blackstone Group LP shares while 156 reduced holdings. 45 funds opened positions while 144 raised stakes. 272.04 million shares or 1.58% more from 267.82 million shares in 2016Q3 were reported.
Mayo Inv Advisers Ltd Llc has 17,500 shares for 0.1% of their portfolio. Tower Bridge has invested 0% in Blackstone Group LP (NYSE:BX). Garrison Bradford & Assoc holds 1.58% of its portfolio in Blackstone Group LP (NYSE:BX) for 63,600 shares. Becker Cap has invested 0.73% in Blackstone Group LP (NYSE:BX). First Dallas Incorporated reported 9,800 shares. Bridgecreek Inv Mngmt Ltd Llc holds 1.26% or 165,055 shares. Swift Run Management Ltd Liability stated it has 0.22% in Blackstone Group LP (NYSE:BX). Thornburg Investment Mngmt holds 5.72M shares. Spot Trading Limited Com has 87,365 shares. Coe Capital Mgmt Limited Liability Company owns 14,120 shares or 0.49% of their US portfolio. South Dakota Inv Council owns 0.06% invested in Blackstone Group LP (NYSE:BX) for 98,000 shares. Amer Insurance Tx holds 181,129 shares. Daniel Devine & has invested 0.88% in Blackstone Group LP (NYSE:BX). Trustmark State Bank Tru Department, Mississippi-based fund reported 14,000 shares. Royal Commercial Bank Of Canada accumulated 7.81 million shares.

Since February 8, 2017, it had 0 insider buys, and 4 sales for $21.50 million activity. $19.22 million worth of Blackstone Group LP (NYSE:BX) was sold by Goodman Bennett J. Finley John G also sold $650,600 worth of Blackstone Group LP (NYSE:BX) shares.

The Blackstone Group L.P. (NYSE:BX) is expected to pay $0.54 on Aug 7, 2017. The indicated annual dividend is $2.16. Shareholders owning the stock before Jul 27, 2017 will be eligible to receive the payout. Based on The Blackstone Group L.P.’s current price of $34.55, the dividend is 1.56 %. This dividend’s record date is Jul 31, 2017 and the announcement date is Jul 20, 2017. The stock increased 0.58% or $0.2 during the last trading session, reaching $34.55. About shares traded. Blackstone Group LP (NYSE:BX) has risen 20.49% since July 26, 2016 and is uptrending. It has outperformed by 3.79% the S&P500.

The Blackstone Group L.P. is a global alternative asset manager. The company has market cap of $41.31 billion. 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 has a 17.13 P/E ratio. It operates through four divisions: Private Equity, Real Estate, Hedge Fund Solutions and Credit.

Blackstone Group LP (NYSE:BX) Ratings Coverage

Among 17 analysts covering The Blackstone Group L.P. (NYSE:BX), 13 have Buy rating, 0 Sell and 4 Hold. Therefore 76% are positive. The Blackstone Group L.P. had 49 analyst reports since August 9, 2015 according to SRatingsIntel. Susquehanna maintained it with “Positive” rating and $46 target in Thursday, September 3 report. Barclays Capital maintained Blackstone Group LP (NYSE:BX) on Thursday, October 13 with “Overweight” rating. On Friday, October 16 the stock rating was upgraded by Oppenheimer to “Outperform”. The firm has “Neutral” rating by Bank of America given on Tuesday, December 8. The company was maintained on Friday, April 28 by Jefferies. RBC Capital Markets maintained the shares of BX in report on Thursday, October 22 with “Outperform” rating. JMP Securities maintained Blackstone Group LP (NYSE:BX) rating on Thursday, July 20. JMP Securities has “Buy” rating and $3800 target. The stock of Blackstone Group LP (NYSE:BX) earned “Outperform” rating by RBC Capital Markets on Tuesday, January 26. The company was maintained on Wednesday, June 28 by Jefferies. The firm has “Buy” rating by Oppenheimer given on Thursday, July 20.

More notable recent Blackstone Group LP (NYSE:BX) news were published by: Bloomberg.com which released: “Blackstone Profit Rises as Market Buoys Real Estate, Buyouts” on July 20, 2017, also Reuters.com with their article: “Blackstone raising at least $3 billion in first Asia PE fund: sources” published on July 20, 2017, Nasdaq.com published: “Earnings Reaction History: The Blackstone Group LP, 36.4% Follow-Through …” on July 20, 2017. More interesting news about Blackstone Group LP (NYSE:BX) were released by: Marketwatch.com and their article: “Blackstone made $3 billion bid to acquire hotel investor RLJ” published on July 21, 2017 as well as Bloomberg.com‘s news article titled: “Blackstone Plans Sale of Portugal Shopping Centers” with publication date: July 20, 2017.

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