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BX

Blackstone

$49.08

-0.025 (-0.05%)

07:01
10/23/19
10/23
07:01
10/23/19
07:01

Blackstone reports Q3 distributable EPS 58c, consensus 53c

Reports Q3 fee related earnings of 37c. Reports Q3 revenue $1.74B, consensus $1.36B. Reports Q3 total assets under management $554B. Stephen A. Schwarzman, Chairman and CEO, said, "In the third quarter Blackstone again generated strong results for our investors, who in today's challenging environment look to our firm as a critical solutions provider. Our ability to execute on scale investment opportunities across a broad array of strategies is highly differentiated, as demonstrated by $16B of deployments in the quarter and a record $62B over the last twelve months. Our investors continue to entrust us with capital for both new and existing strategies, including nearly $150B of inflows during the last year - culminating in industry-record Total Assets Under Management of $554B, up 21% year-over-year."

  • 23

    Oct

BX Blackstone
$49.08

-0.025 (-0.05%)

10/08/19
10/08/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Target (TGT) initiated with a Strong Buy at Raymond James . 2. Tyler Technologies (TYL) initiated with an Outperform rating at Oppenheimer. 3. Kirkland Lake Gold (KL) initiated with a Neutral rating at Credit Suisse. 4. Blackstone (BX) and BlackRock (BLK) initiated with a Market Perform at BMO Capital. 5. Floor & Decor (FND) initiated with a Strong Buy at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/14/19
BOFA
10/14/19
DOWNGRADE
BOFA
Neutral
Blackstone downgraded to Neutral from Buy at BofA/Merrill
10/14/19
BOFA
10/14/19
DOWNGRADE
Target $52
BOFA
Neutral
BofA gets more selective in alternative asset managers, downgrades Blackstone
BofA Merrill Lynch analyst Michael Carrier downgraded Blackstone (BX) to Neutral from Buy with a price target of $52, down from $54, stating that he is getting a bit more selective within the alternative asset managers sector since valuation multiples have moved higher so far this year while estimates have moved lower. Despite his view that the firm is structurally very well positioned over the long-term, he sees more modest upside for the stock from here and prefers others with a higher portion of fee related earnings of that have upcoming fundraising catalysts, Carrier tells investors. To reflect a more typical level of fundraising ahead and the potential for slightly lower than expected realizations if geopolitical risks linger, Carrier also trimmed his price target for Ares Management (ARES) to $31 from $32 and lowered his target for target for KKR (KKR) shares to $31 from $32.
10/15/19
SBSH
10/15/19
DOWNGRADE
Target $19.5
SBSH
Neutral
Tallgrass Energy downgraded to Neutral from Buy at Citi
Citi analyst Timm Schneider downgraded Tallgrass Energy (TGE) to Neutral from Buy with a price target of $19.50, down from $23. After "some market jitters last week," Blackstone (BX) and Tallgrass Energy both released statements confirming the take-private offer is still alive and in front of the conflicts committee, Schneider tells investors in a research note. He believes Tallgrass units are worth ~$19 fundamentally after adjusting for the recent lowered Pony tariffs. With the lower contributions from Pony Express, the analyst assumes a one-time dividend cut of ~25% to an annualized $1.68 per share taking place in Q1 of 2020.

TODAY'S FREE FLY STORIES

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CWK

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ESCA

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EGRX

Eagle Pharmaceuticals

$57.24

0.55 (0.97%)

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FN

Fabrinet

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  • 12

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TEUM

Pareteum

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HEXO

Hexo

$1.78

-0.1 (-5.32%)

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AMGN

Amgen

$220.84

2.29 (1.05%)

, CELG

Celgene

$110.02

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BMY

Bristol-Myers

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RAVE

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CHAP

Chaparral Energy

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16:45
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General news
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CI

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, CNC

Centene

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On The Fly
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CI

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ANTM

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NVDA

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MSFT

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Oracle

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RH

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FTCH

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THC

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NYT

New York Times

$31.60

0.44 (1.41%)

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  • 09

    Dec

WEX

Wex

$200.52

4.61 (2.35%)

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CBLI

Cleveland BioLabs

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LOGC

LogicBio Therapeutics

$9.29

-0.04 (-0.43%)

16:38
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Syndicate
Breaking Syndicate news story on LogicBio Therapeutics »

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HTBI

HomeTrust

$25.99

-0.31 (-1.18%)

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  • 18

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FR

First Industrial Realty

$42.05

-0.03 (-0.07%)

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First Industrial Realty director sells 12K shares of common stock »

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UBSI

United Bankshares

$39.51

-0.19 (-0.48%)

16:31
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Hot Stocks
United Bankshares declares Q4 dividend of 35c per share »

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16:30
11/15/19
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16:30
Options
Preliminary option volume of 24.0M today »

Preliminary option volume…

16:25
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Conference/Events
Federal Reserve Bank of San Francisco participates in a discussion »

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GNLN

Greenlane

$3.36

-0.05 (-1.47%)

16:23
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Hot Stocks
Greenlane CEO buys 56.4K shares of common stock »

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