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Siemens Fonds Invest GmbH increased its Blackstone stake by 7.8%, while the company missed earnings estimates.
Siemens Fonds Invest GmbH increased its stake in Blackstone Inc. by 7.8%, now owning 26,947 shares valued at $4.64 million.
Blackstone reported earnings per share of $1.09 for the quarter, missing analysts' consensus estimate of $1.22.
The firm has a market capitalization of $99.4 billion, a P/E ratio of 37.53, and a beta of 1.67.
Analysts predict Blackstone will post 5.87 EPS for the current fiscal year, with a consensus rating of "Hold" and a target price of $155.65.
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Siemens Fonds Invest GmbH aumentó su participación en Blackstone en un 7,8%, mientras que la compañía no cumplió con las estimaciones de ganancias.