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Blackstone's first-quarter profit more than doubles on sale of assets


Wagner Bowman Management Corp now owns 13,322 shares of the company's stock worth $340,000 after buying an additional 1,150 shares during the period. The stock of Blackstone Group LP (NYSE:BX) has "Positive" rating given on Thursday, September 3 by Susquehanna. Oliver Luxxe Assets LLC's holdings in Blackstone Group were worth $4,621,000 as of its most recent SEC filing.

The number of shares traded in the last trading session was 5.03 Million. Advantage Investment Management LLC bought a new position in Blackstone Group during the fourth quarter worth about $111,000. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. Brick & Kyle Associates raised its stake in Blackstone Group by 14.7% in the third quarter. The institutional investor owned 3,985 shares of the asset manager's stock at the end of the first quarter. Evercore Wealth Management LLC raised its stake in The Blackstone Group L.P.by 0.3% in the second quarter. IFC Holdings Incorporated FL raised its stake in Blackstone Group by 1.4% in the third quarter. Tower Bridge Advisors now owns 249,730 shares of the company's stock valued at $6,376,000 after buying an additional 37,600 shares during the period. Pittenger & Anderson Inc. raised its position in shares of Blackstone Group by 12.7% in the fourth quarter. The company's institutional ownership is monitored at 85.9 percent.

Blackstone shares were up 1.4 percent at $30.47 in the early afternoon. The stock rose 0.96% or $0.28 reaching $29.53 per share. Company's distance from 20 day simple moving average is 1.74% and distance from 50-Day simple moving average is 0.68%. Blackstone Group LP has a 1-year low of $22.45 and a 1-year high of $31.69. Over the past 6 months 1 sell-side analysts have lowered their long term earnings per share estimates on the stock.

The company's expected revenue in the current quarter to be 1.59 Billion, seeing a projected current quarter growth of 119.4%, and per annum growth estimates over the next 5 year period of around 24.91%.

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Blackstone Group LP executives said they are preparing to launch new ventures in infrastructure investing and other areas after the private-equity firm notched a record quarter for sales of older investments. During the same period in the previous year, the firm posted $0.37 earnings per share.

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Blackstone Group (NYSE:BX) last posted its earnings results on Thursday, January 26th.

BX has been the subject of a number of research reports. Finally, Jefferies Group LLC reiterated a "buy" rating on shares of Blackstone Group in a research note on Friday, January 20th. Credit Suisse Group upped their price target on The Blackstone Group L.P. and gave the company an "outperform" rating in a report on Wednesday, January 4th. Barclays PLC dropped their target price on The Blackstone Group L.P. from $33.00 to $31.00 and set an "overweight" rating on the stock in a report on Thursday, October 13th. Deutsche Bank AG assumed coverage on shares of Blackstone Group in a report on Monday, February 27th.

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Putin and Trump are yet to meet face to face to discuss the tensions between Russian Federation and the US. "They were there. Secretary Tillerson delivers an opening statement at a joint press availability with #Russia 's FM Lavrov in #Moscow .

Among 5 analysts covering ANI Pharma (NASDAQ:ANIP), 3 have Buy rating, 0 Sell and 2 Hold. The stock now has an average rating of "Buy" and an average target price of $33.15.

In other news, Director Bennett J. Goodman sold 635,075 shares of the firm's stock in a transaction that occurred on Friday, February 10th. A significant surprise factor can lead to stock volatility and swings in the share price in the hours and days following the earnings report. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

In other news, insider John G. Finley sold 20,000 shares of Blackstone Group stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $30.72, for a total transaction of $614,400.00. Following the completion of the sale, the insider now owns 161,556 shares in the company, valued at approximately $4,963,000.32.

The Blackstone Group L.P. (BX) belongs to the "Financial" sector with an industry focus on "Asset Management", with Mr. Stephen Allen Schwarzman as Co-Founder, Chairman and Chief Exec. Officer.

FCC votes to allow some broadcasters to buy more TV stations
Democratic FCC Commissioner Mignon Clyburn said the ruling "opens the door to immediate price hikes" to small businesses.

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