Published: Mon, April 16, 2018
Business | By Tara Barton

KCM Investment Advisors LLC Lowers Holdings in The Blackstone Group (BX)


Psagot Investment House Ltd decreased its stake in Qualcomm (Qcom) (QCOM) by 59.74% based on its latest 2017Q4 regulatory filing with the SEC. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.19 and a quick ratio of 1.19. The institutional investor held 50,502 shares of the consumer services company at the end of 2017Q4, valued at $3.26 million, up from 43,446 at the end of the previous reported quarter. The stock decreased 0.64% or $0.35 during the last trading session, reaching $53.95. About 661,341 shares traded. It has underperformed by 14.76% the S&P500.

National Asset Management Inc increased its stake in Blackstone Group LP (BX) by 55.26% based on its latest 2017Q4 regulatory filing with the SEC. Insiders sold 672,000 shares of company stock worth $23,130,874 over the last ninety days. The Df Dent & Co Inc holds 1.16M shares with $57.66 million value, down from 1.32 million last quarter.

BX stock traded down $0.41 during trading on Friday, hitting $30.72. About 3.12M shares traded. The Blackstone Group L.P. (NYSE:BX) has risen 7.37% since April 16, 2017 and is uptrending. It has underperformed by 4.18% the S&P500. Psagot Investment House Ltd sold 5,974 shares as the company's stock declined 15.28% with the market.

Investors sentiment decreased to 1 in 2017 Q4. Its up 0.15, from 1.1 in 2017Q3. It is negative, as 59 investors sold BX shares while 154 reduced holdings. Amundi Pioneer Asset Management Inc. increased its stake in shares of The Blackstone Group by 165.2% in the fourth quarter. 298.48 million shares or 9.36% more from 272.94 million shares in 2017Q3 were reported.

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The Blackstone Group L.P.is a publicly owned hedge fund sponsor. Eagleclaw Cap Managment Limited Liability invested in 0.09% or 18,000 shares. Telemus Capital Ltd Llc invested 0.04% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Ny State Teachers Retirement owns 0.02% invested in Royal Gold, Inc. Tocqueville Asset LP reported 731,947 shares. Frontier Invest Mgmt invested in 0.07% or 24,890 shares. Wedgewood owns 40,575 shares or 0.05% of their USA portfolio. Baldwin Brothers Incorporated Ma has invested 2.38% in The Blackstone Group L.P. (NYSE:BX). Baystate Wealth Management Limited Liability holds 500 shares or 0% of its portfolio. Syntal Ptnrs Limited Liability Company holds 0.28% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 29,102 shares. Rhode Island-based Compton Cap Mngmt Ri has invested 1.07% in The Blackstone Group L.P. (NYSE:BX). Greatmark Invest Prns Inc stated it has 15,975 shares or 0.06% of all its holdings. Chem Bancshares accumulated 28,075 shares or 0.1% of the stock. CARBO Ceramics Inc. (NYSE:CRR) has declined 36.43% since April 15, 2017 and is downtrending. Zacks Investment Research lowered shares of The Blackstone Group from a "hold" rating to a "sell" rating in a research report on Monday, February 12th. Therefore 60% are positive. The business's revenue for the quarter was up 19.9% on a year-over-year basis. equities research analysts predict that The Blackstone Group will post 3.04 earnings per share for the current year. Bank of Montreal Can now owns 5,308,617 shares of the company's stock worth $135,529,000 after buying an additional 2,101,368 shares during the period. After $0.71 actual earnings per share reported by The Blackstone Group L.P. for the previous quarter, Wall Street now forecasts 8.45% EPS growth. Finally, JPMorgan Chase raised shares of The Blackstone Group from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $34.53 to $46.00 in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company's stock. Keefe Bruyette & Woods maintained the shares of BX in report on Thursday, February 1 with "Buy" rating. The stock of The Blackstone Group L.P. (NYSE:BX) earned "Buy" rating by Keefe Bruyette & Woods on Thursday, February 1. The rating was maintained by Bank of America on Friday, October 20 with "Buy".

Investors sentiment decreased to 1 in Q4 2017. Its down 0.59, from 1.5 in 2017Q3. It dropped, as 27 investors sold DNOW shares while 74 reduced holdings. Creative Planning holds 5,187 shares or 0% of its portfolio. Moreover, Brahman Cap has 2.8% invested in Marvell Technology Group Ltd. (NASDAQ:MRVL). Tru Department Mb Fincl Bank N A, Illinois-based fund reported 2,868 shares. First Pacific Advsr Ltd Llc accumulated 13,600 shares. Schwab Charles Investment Mgmt stated it has 0.03% in Marvell Technology Group Ltd. (NASDAQ:MRVL). Stephens Inc Ar holds 304,989 shares. Covington Cap reported 0% stake. Ngam Advisors Limited Partnership reported 158,702 shares. Dunkin' Brands Group, Inc. It also increased its holding in Hedj Us (HEDJ) by 33,462 shares in the quarter, for a total of 549,753 shares, and has risen its stake in Wisdomtree (Epi) (EPI). Usca Ria Limited Liability Company has 25,305 shares for 0.09% of their portfolio. Proshare has invested 0% in Envestnet, Inc. (NYSE:DNOW). Point72 Asset Mngmt Lp has invested 0% in NOW Inc. Wells Fargo & Mn invested 0.05% of its portfolio in Envestnet, Inc.

Since March 6, 2018, it had 1 insider buy, and 0 selling transactions for $300,061 activity. The Blackstone Group had a net margin of 20.66% and a return on equity of 22.27%. The firm acquired 8,300 shares of the asset manager's stock, valued at approximately $266,000. BMO Capital Markets initiated Royal Gold, Inc. (NYSE:DNOW) rating on Tuesday, September 15. They set a "market perform" rating for the company. The stock has "Hold" rating by Jefferies on Wednesday, October 18. Robert W. Baird maintained NOW Inc. Birinyi Associates holds 14,035 shares.

The company also recently declared a quarterly dividend, which was paid on Monday, February 13th. Morgan Stanley maintained the shares of BX in report on Monday, October 23 with "Overweight" rating. As per Sunday, October 15, the company rating was maintained by Stifel Nicolaus.

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