Blackstone Group (NYSE:BX) had its price objective lifted by Morgan Stanley from $64.00 to $65.00 in a research report report published on Friday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the asset manager’s stock. A number of other equities analysts have also weighed in on BX. Deutsche Bank lowered their price […] Latest News The rate of deaths attributed to the novel coronavirus is quickly rising.
Blackstone Group (NYSE:BX) had its price objective lifted by Morgan Stanley from $64.00 to $65.00 in a research report report published on Friday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the asset manager’s stock.
A number of other equities analysts have also weighed in on BX. Deutsche Bank lowered their price objective on Blackstone Group from $50.00 to $49.00 and set a hold rating on the stock in a research note on Thursday, July 9th. Citigroup lowered Blackstone Group from a buy rating to a neutral rating in a report on Monday, June 8th. William Blair reissued a buy rating on shares of Blackstone Group in a report on Friday, April 24th. TheStreet cut shares of Blackstone Group from a b- rating to a c rating in a research report on Thursday, April 23rd. Finally, Barclays boosted their target price on shares of Blackstone Group from $58.00 to $64.00 and gave the company an overweight rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $61.15.
BX traded down $0.97 on Friday, reaching $55.70. 4,064,047 shares of the company’s stock were exchanged, compared to its average volume of 2,658,492. Blackstone Group has a twelve month low of $33.00 and a twelve month high of $64.97. The stock has a market cap of $37.31 billion, a PE ratio of 51.10, a P/E/G ratio of 14.24 and a beta of 1.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.36 and a quick ratio of 1.36. The stock’s fifty day moving average price is $56.28 and its 200-day moving average price is $54.24.
In other news, insider John G. Finley sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $53.11, for a total value of $2,655,500.00. Following the transaction, the insider now directly owns 218,663 shares in the company, valued at approximately $11,613,191.93. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Moseley Investment Management Inc. raised its holdings in shares of Blackstone Group by 8.9% in the 2nd quarter. Moseley Investment Management Inc. now owns 8,923 shares of the asset manager’s stock valued at $506,000 after buying an additional 732 shares during the period. Aviance Capital Partners LLC grew its position in Blackstone Group by 1.5% in the 2nd quarter. Aviance Capital Partners LLC now owns 29,440 shares of the asset manager’s stock valued at $1,668,000 after acquiring an additional 427 shares in the last quarter. Rothschild Investment Corp IL increased its stake in Blackstone Group by 19.5% during the second quarter. Rothschild Investment Corp IL now owns 73,406 shares of the asset manager’s stock worth $4,159,000 after purchasing an additional 11,980 shares during the period. Moody Lynn & Lieberson LLC increased its stake in Blackstone Group by 22.2% during the second quarter. Moody Lynn & Lieberson LLC now owns 414,353 shares of the asset manager’s stock worth $23,477,000 after purchasing an additional 75,165 shares during the period. Finally, FCG Advisors LLC lifted its position in shares of Blackstone Group by 12.9% during the second quarter. FCG Advisors LLC now owns 72,382 shares of the asset manager’s stock worth $4,101,000 after purchasing an additional 8,249 shares in the last quarter. 56.66% of the stock is owned by institutional investors and hedge funds.
Blackstone Group Company Profile
The Blackstone Group Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia.
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Author: Carolyn Dwyer
What we know amid the nightly turmoil – Conservative Investing News
Weeks of raucous demonstrations had nearly wound down in Portland at the beginning of July. Then President Donald Trump sent in federal forces.
The protests against police violence and systemic racism quickly grew bigger and louder. And the chaotic tit-for-tat between some of the demonstrators and police, now mostly the federal officers in camouflage and tactical gear, took a more aggressive turn.
As Portland’s latest protest movement nears its 60th consecutive day in the streets, here are answers to some of the most frequently asked questions about what’s happening now.
Who are the federal agents sent to Portland by President Donald Trump?
Officers from the U.S. Customs and Border Protection’s tactical team known as BORTAC, the U.S. Marshals Special Operations Group and U.S. Immigration and Customs Enforcement have all been deployed to Portland to help local Federal Protection Service officers, who provide security to U.S. government property.
There were 114 federal law enforcement officers in the city as of Tuesday taking part in the mission dubbed “Operation Diligent Valor,” the Department of Homeland Security said in court filings this week. The officers are acting under the direction of the Federal Protection Service, according to court documents.
In addition to patrolling the Mark O. Hatfield U.S. Courthouse in downtown Portland and policing nightly demonstrations outside the building, the officers have conducted surveillance on protesters and posted undercover agents among the crowds to arrest people suspected of criminal activity, court records show.
Why are they here?
Trump and members of his administration have said that city leaders and local law enforcement failed to curb weeks of political unrest, which has included violent clashes with police, riots and damage to the federal courthouse and Multnomah County Justice Center, which houses a jail, the police headquarters and courtrooms. The federal courthouse and the Justice Center sit next to each other along Southwest Third Avenue separated by Main Street.
“Their leadership has, for months, lost control of the anarchists and agitators,” the president said on Twitter this week. “We must protect Federal property, AND OUR PEOPLE.”
Oregon Democrats, including Gov. Kate Brown and Portland Mayor Ted Wheeler, have accused the Trump administration of orchestrating an election stunt.
“This political theater from President Trump has nothing to do with public safety,” Brown said. “The president is failing to lead this nation. Now he is deploying federal officers to patrol the streets of Portland in a blatant abuse of power by the federal government.”
What weapons or tactics are protesters and federal officers using against each other on a nightly basis?
Some protesters have routinely shot large fireworks, thrown bottles and pointed lasers at officers. Others have vandalized the federal courthouse, set piles of trash on fire outside of it and dismantled security fencing in nearby city parks to create barricades.
Federal officers have fired tear gas, pepper balls, pepper spray and other less-lethal munitions at protesters, often indiscriminately and without warning, to disperse crowds. They have also charged at demonstrators, struck them with batons and detained dozens of people.
Who has been injured during the clashes and to what degree?
Protesters, federal officers and journalists have all been injured, some of them significantly.
Donovan La Bella, 26, was hospitalized with a fractured skull after a deputy U.S. marshal with the agency’s tactical unit shot him in the head with an impact munition while La Bella was holding a stereo over his head across the street from the courthouse. Federal officers pepper-sprayed and used batons to beat another protester, Christopher David, a 53-year-old Navy veteran, as he tried to speak to them, video shows. Dozens of other demonstrators have been bruised and battered.
At least 28 federal officers have been injured from thrown objects, including ball bearings fired from slingshots, improvised explosives and fireworks, glass bottles and a sledgehammer used to break through a wooden board blocking the employee entrance at the courthouse, government lawyers said in court documents. Three officers sustained serious ocular injuries from lasers pointed at their eyes by protesters, Richard Cline, an official with the Federal Protective Services, said.
Multiple journalists also have provided photos and sworn statements saying they’ve been shot or struck by officers.
Are people being arrested and charged by the federal authorities?
The U.S. Attorney’s Office in Oregon said there had been at least 56 federal arrests as of Friday, with 46 people facing criminal charges. The other 10 suspects were released without being charged, according to Kevin Sonoff, a spokesman for the office. The charges have included assault on a federal officer, destruction of federal property and, arson, attempted arson and failing to comply with a lawful order.
Portland police and other local agencies have arrested at least 460 people on suspicion of mostly misdemeanor crimes since the protests began in late May, records provided by the Multnomah County District Attorney’s Office show. The alleged charges range from disorderly conduct and interfering with police to arson and assaulting an officer. The District Attorney’s Office is still reviewing more than 300 of the cases.
How many people have actually been swept up by camouflage-clad federal officers in rented vans?
While reports of federal officers scooping up citizens and placing them in unmarked vans without probable cause has generated extensive headlines, lawsuits and national outrage, only one Portland protester, 29-year-old Mark Pettibone, has provided a first-hand account of this occurring.
There is also a widely circulated video on social media of another, unidentified man dressed in black being approached by men in camouflage, being detained and walked to unmarked van and driven off.
What is the extent of damage to public property, businesses?
Extensive graffiti currently covers the federal courthouse, the Justice Center and the Multnomah County Courthouse — which are all boarded up with plywood — as well as the public bathroom and statues at Chapman and Lownsdale squares, the two city parks across the street. Piles of charred debris and projectiles cover the federal courthouse portico each morning.
Court documents allege that damage at the federal courthouse so far exceeds $50,000 — including cleaning up graffiti scrawled over its exterior, fixing broken security cameras and access devices and replacing shattered glass doors at the main entrance.
Previously, some protesters broke into the Justice Center and set fires in one office, during a riot that also left national store chains and local businesses looted and trashed downtown. Police also have accused activists of trying to vandalize and set fire to the bureau’s North Precinct and union headquarters. Earlier this month, the city removed the iconic Portland elk statue on Southwest Main Street after protesters repeatedly set fires at its base.
Portland has spent $8.25 million related to demonstrations as of July, including nearly $5 million in police overtime plus $2 million in other police personnel costs, city data shows.
Are Portland police collaborating with the federal officers?
The Portland City Council this week banned all Police Bureau members from cooperating with federal law enforcement.
Portland police previously had worked to disperse protesters from downtown in tandem with federal officers on at least two occasions. They had also allowed a member of the Federal Protective Service in the bureau’s command post during demonstrations and shared real-time plans with federal officers, according to Portland Police Chief Chuck Lovell.
Which Oregon elected officials are asking the federal forces to leave Portland?
Most Democrats in the state, including but not limited to: Portland’s mayor and city commissioners, the governor, State Attorney General Ellen Rosenblum, U.S. Sens. Ron Wyden and Jeff Merkley and Reps. Earl Blumenauer, Suzanne Bonamici, Kurt Schrader and Peter DeFazio,
Greg Walden, the state’s only Republican member of Congress, has issued no public statement on the federal officers deployed to Portland.
State Senate Republican Leader Fred Girod has blamed “anarchists” for undermining peaceful protests in the city and said state Democrats have “failed all Oregonians by pandering to the violence.”
How many lawsuits have been filed against federal agencies and over what?
At least four so far.
Oregon Attorney General Ellen Rosenblum has sought to bar federal officers from illegally detaining anyone on city streets without probable cause and whisking them off in unmarked vehicles. A federal judge denied the motion Friday, saying the state “has presented no evidence of any official orders or policies and has presented no evidence that these allegedly illegal seizures are a widespread practice.”
A group led by a pair of state lawmakers has attempted to restrict the activity of federal officers to just the federal courthouse.
One protester, Seattle resident Jeff Paul, is suing Trump and Chad Wolf, the acting secretary of the U.S. Department of Homeland Security, after he said he was hospitalized from an attack by federal officers.
And a federal judge on Thursday sided with the ACLU of Oregon and issued an order temporarily barring federal officers from using force, threats and dispersal orders against journalists or legal observers documenting the demonstrations. The civil rights group previously won a similar order against Portland police.
The city is also facing at least nine lawsuits from protesters who say they were injured by police during the demonstrations.
Everton Bailey Jr., Maxine Bernstein and K. Rambo contributed to this report
— Shane Dixon Kavanaugh; 503-294-7632
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Massachusetts, DC impose new travel restrictions
Author: ABC News