The Blackstone Group L.P. (BX) (Previous Close: $33.96, Get Quote) (Ratings, Earnings and Dividend History)
The Blackstone Group L.P. was the recipient of some unusual options trading on Tuesday. Traders purchased 5,915 put options on the stock. This is an increase of 167% compared to the typical daily volume of 2,216 put options.
(12/23) The Blackstone Group L.P. Target of Unusually Large Options Trading (BX) - Watch List News
Missed Moment. In May, Hillshire Brands Co. agreed to buy Pinnacle Foods Inc.PF +1.01% for $4.3 billion, an offer generally viewed as a generous one for Pinnacle, a hodge podge of brands including pickles and cake mixes that is majority owned by Blackstone Group LPBX -0.18%. Many of the company’s brands are old and slow-growing, and conglomerates had fallen out of favor in deal-making. But before Pinnacle could collect its premium, a bidding war emerged for Hillshire, which ultimately agreed to sell itself to Tyson Foods Inc.TSN -1.90% for $7.7 billion. Pinnacle was left with a $163 million break-up fee. Though Pinnacle’s share price is up and Blackstone has been selling, it missed its chance at a clean exit. –Dana Mattioli
Sentiment: Strong Buy
The Blackstone Group L.P. (BX)
In the case of Blackstone Group, you’re getting the private equity firm that’s the biggest and arguably the best in the business. In fact, BX is the largest private equity firm in the U.S., with assets of $70 billion in their private equity operation alone. The company’s total assets under management are a massive $248 billion as of September 2014.
Click to EnlargeThe fiscal prowess of Blackstone has helped the company engineer some very big deals, including high-profile IPOs such as SeaWorld Entertainment Inc. (SEAS), Hilton Worldwide Holdings Inc (HLT), and likely very soon IndCor Properties, an estimated $8 billion REIT.
In October, Blackstone reported a year-over-year surge in what’s known in the private-equity world as economic net income to $758 million, or 66 cents a share. That number was up from the $640 million, or 56 cents a share, that the company reported in the same quarter a year prior (economic net income includes unrealized gains and cash earnings).
Although the economic net income was the highest ever for Blackstone, the number actually fell short of expectations and the stock sold off in response.
For the year, BX shares are up 3.7%, but over the past two years shares are up a very big 117%.
For yield-hungry investors, Blackstone offers a dividend yield of 5.2%, a metric that ranks it No. 12 on our recently published list of America’s 25 Highest-Yielding Large-Dividend Stocks.
Sentiment: Strong Buy
Private-Equity Sell-Side M&A Shatters Record -- Market Talk
DOW JONES & COMPANY, INC. 7:59 AM ET 12/24/2014
10:59 EST - It's been a record year for private-equity firms exiting investments via mergers and acquisitions, with such deals totalling $175B, Dealogic says. That's 39% higher than last year's $125.8B, the standing record. There have been $136.1B of sales to strategic buyers -- 40% more than last year -- and $38.9B worth to other investment firms, up 37% year-over-year. Blackstone (BX) was a big beneficiary, sitting on the sell-side of the year's two largest announced private-equity sales -- Zimmer's (ZMH) $13.4B bid for Biomet and an Asian consortium's $8.1B offer for warehouse owner IndCor Properties
Sentiment: Strong Buy
long time holder here...good question.. no good answer :)..year end positioning..In my opinion.. the stock market has been so strong that it scares a lot of traders, investors, etc..and they sell whatever thinking a correction is needed... I am one of them.. the strong market has fooled many... BS to me is a very undervalued stock..I am holding and of course disappointed to see action like today..but it was light volume and holiday and year end trading is often confusing.. I think the year end earnings and dividend will get us a new high.. in my opinion :)
Yes, dont know why it was filed again..jus another reason for some to sell..anyway tax lose selling is in progress...
Other Nat Gas Plays Fall On Inventory Surplus
MIDNIGHT TRADER 8:38 AM ET 12/22/2014
Symbol Last Price Change
CHK 18.57down -1.29 (-6.5%)
KMI 41.105down -0.525 (-1.26%)
EPD 33.91 -0.22 (-0.64%)
WPRT 3.7003down -0.2597 (-6.56%)
QUOTES AS OF 12:25:48 PM ET 12/22/2014
11:38 AM EST, 12/22/2014 (MT Newswires) -- Chesapeake Energy(CHK) , Kinder Morgan(KMI) and other natural gas-related shares fell Monday on concerns about too much inventory on top of the extended general rout in energy prices.
Bloomberg reported natural gas futures sank 8% as an inventory surplus emerged on energy markets.
CHK was off 7.07% to $18.46, KMI was off 1.32% to $41.08, Enterprise Products Partners(EPD) fell 0.53% to $33.95, and Westport Innovations(WPRT) fell 7.07% to $3.68.
According to RealtyTrac, the largest institutional owners of homes in South Florida are Blackstone (NYSE: BX) with 735 and Colony American Homes with 638. Their equity gains are 10 percent and 27 percent, respectively. this was the article headline!!!!Wall Street investors have 13,000 homes they could dump on the South Florida market
well as you can see BX has been in this almost 1 year trading range and consolidation...price is above all mda....MACD has been trending dow and stocastics in overbought area...not the best situation...but I have confidence in managment and this quarter and dividend should be good... I must say I am way overweighted in this stock being my biggest holding and I would watch to sell some at higher prices...but it is a good holding ....http://finance.yahoo.com/echarts?s=BX&t=1y&l=on&z=l&q=b&p=m50%2Cm100%2Cm200&a=m26-12-9%2Cr14%2Css%2Cv&c=
BX is raising 4 BILLION to take advantage of bargin prices....Few ‘Difficulties'
Blackstone, based in New York, is raising its second energy-focused fund with a $4.5 billion target. The firm, which owns stakes in startup Vine Oil & Gas LP as well as Kosmos, is weighted more toward natural gas and electric power than oil, Schwarzman said at a financial conference this month. The price drop "has not created a lot of difficulties for us," Schwarzman, Blackstone's chief executive officer, said at the New York event.
what they dont mention is all the offering BX had this quarter..giving profits for the next dividend....SeaWorld Drag -- Market Talk
DOW JONES & COMPANY, INC. 9:52 AM ET 12/19/2014
Symbol Last Price Change
CTLT 29.05down +0.36 (+1.25%)
QUOTES AS OF 01:15:15 PM ET 12/19/2014
12:52 EST - Blackstone's (BX) stock portfolio is up some 3-4% this quarter despite oil explorer Kosmos (KOS) getting dinged by the commodity's slump and a "modest headwind" from SeaWorld (SEAS), down 11% in 4Q, estimates Jefferies. The portfolio's gain is just shy of the nearly 5% gain of the S&P 500. Helping BX is crafts retailer Michaels' (MIK) 40% pop, semiconductor maker Freescale's (FSL) 27% jump and drug developer Catalent(CTLT) gaining 16%. BX itself is up 9% in 4Q; it's flat today
Sentiment: Strong Buy
seems like they will have a lot of profits to report resulting in a good dividend...Nielsen Holdings N.V. (NLSN) recently announced that Valcon Acquisition Holding (Luxembourg), the selling stockholder, has priced a secondary offering of 20 million shares.
The offering has been priced at $43.77 per share. The underwriters of the offering have an option to purchase up to 3,000,000 additional shares from the selling stockholder.
The shares will be sold by stockholders affiliated to The Blackstone Group, Thomas H. Lee Partners, Hellman & Friedman and AlpInvest Partners. Consequently, Nielsen will not obtain any proceeds from the equity offer.
Yes, that is older news than yesterday.. I just trust whatever BX does is good enough for me :)..they would only buy if it is a good investment and somewhat distressed sell maybe..
Sentiment: Strong Buy
He reckons that a lot of fund managers have tried to hit it big in recent weeks by buying energy stocks during market dips, a strategy that has backfired severely as oil continues to fall. That in turn has made them more likely to sell other non-energy based assets in an attempt to lock in gains on those stocks for their investors.
Zacks lowered shares of The Blackstone Group L.P. (NYSE:BX) from an outperform rating to a neutral rating in a research report released on Friday morning. Zacks currently has $35.00 price objective on the stock.
Zacks’ analyst wrote, “We are downgrading our long-term recommendation on Blackstone to Neutral owing to constantly rising expenses. Further, the company’s third-quarter 2014 economic net income (ENI) per share missed the Zacks Consensus Estimate. The weak quarterly performance was driven by higher operating expenses. However, consistent improvement in revenues continued to be the company’s strength and salvaged the results to some extent. Going forward, the improving economic conditions are expected to assist the company’s fund-raising ability. Also, the changing investor preference for alternative asset classes and other risk management strategies will further boost top line in the forthcoming quarters. However, we remain apprehensive regarding the adverse effects of ongoing capital market volatility and stringent regulations.”
Zacks has also modified their ratings on a number of other financials stocks in the few days. The firm upgraded shares of Synergetics USA Inc from an underperform rating to a neutral rating. The firm now has a $3.50 price target on that stock. Also, Zacks downgraded shares of StealthGas Inc. from an outperform rating to a neutral rating. Their analysts now have a $6.50 price target on that stock.
A number of other firms have also recently commented on BX. Analysts at Barclays initiated coverage on shares of The Blackstone Group L.P. in a research note on Thursday, December 4th. They set an overweight rating and a $39.00 price target on the stock. Separately, analysts at Credit Suisse reiterated an outperform rating on shares of The Blackstone Group L.P. in a research note on Thursday, November 20th. They now have a $39.00 price target on the stock, up previously from $38.00. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of The Blackstone Group L.P. in a research note on Friday, October 17th. They now have a $35.00 price target on the stock, down previously from $37.00. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The Blackstone Group L.P. presently has a consensus rating of Buy and a consensus price target of $40.00.
Shares of The Blackstone Group L.P. (NYSE:BX) opened at 32.62 on Friday. The Blackstone Group L.P. has a 1-year low of $26.56 and a 1-year high of $36.08. The stock has a 50-day moving average of $32.19 and a 200-day moving average of $32.48. The company has a market cap of $19.231 billion and a P/E ratio of 12.08.
The Blackstone Group L.P. (NYSE:BX) last released its earnings data on Thursday, October 16th. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.86 by $0.45. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the company posted $0.56 earnings per share. The Blackstone Group L.P.’s revenue was up 34.9% compared to the same quarter last year. Analysts expect that The Blackstone Group L.P. will post $3.20 EPS for the current fiscal year.
Agree..I have owned BXMT as they are aligned with BX..When I saw the .52 dividend I had thought it was for BX and was disappointed... we wont know BX dividend until after year end...It will be GREAT!!