Free Research Report as Blackstone’s Q1 Results Outpaced Estimates

Stock Monitor: Ameriprise Financial Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 03, 2018 / Active-Investors.com has just released a free earnings report on The Blackstone Group L.P. (NYSE: BX) (“Blackstone”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BX. The Company posted its financial results on April 19, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The New York-based Company’s total revenues and economic net income per diluted share beat market consensus estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Ameriprise Financial, Inc. (NYSE: AMP), which also belongs to the Financial sector as the Company Blackstone Group. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=AMP

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The Blackstone Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=BX

Earnings Highlights and Summary

For Q1 FY18, Blackstone reported total revenues of $1.77 billion, which came in lower than the $1.91 billion recorded in Q1 FY17. However, the Company’s total revenue numbers for Q1 FY18 topped market consensus estimates of $1.69 billion.

The investment management Company reported a net income attributable to common shareholders of $367.87 million, or $0.53 per diluted share, in Q1 FY18, which was above the $451.91 million, or $0.68 per diluted share, recorded in Q1 FY17. The Company’s economic net income came in at $791.71 million, or $0.65 per unit, in Q1 FY18, up from $967.91 million, or $0.81 per unit, in Q1 FY17. Meanwhile, Wall Street had expected the Company to report an economic net income of $0.46 per unit.

Performance Metrics

For the reported quarter, the Company’s total assets under management (AUM) grew 22% to a record $449.61 billion from the $368.20 billion reported in the year ago same quarter. The Company attributed the growth in AUM to $57.4 billion of inflows. The Company’s fee-earning AUM was $344.65 billion during Q1 FY18, increasing 23% from $280.22 billion in Q1 FY17, due to the $101.7 billion of inflows which outpaced $45.6 billion of realizations and outflows.

Blackstone’s undrawn capital (Total Dry Powder) was $92.8 billion in Q1 FY18, despite the $49.0 billion of capital deployed in the last twelve months. Additionally, the Company raised 80% of total dry powder since the beginning of 2015.

Segment Performance

For Q1 FY18, Blackstone’s Private Equity segment’s total revenues increased 9% to $681.14 million y-o-y from $624.53 million in the prior year’s comparable quarter. During the reported quarter, the segment’s economic income fell 9% to $328.28 million from $360.46 million in Q1 FY17. Furthermore, the segment’s total AUM was $111.41 billion in Q1 FY18 versus $99.71 billion in Q1 FY17.

Blackstone’s Real Estate segment’s revenues came in at $641.08 million in Q1 FY18, falling 17% from $774.99 million in Q1 FY17. The segment’s economic income also fell 18% to $349.13 million in Q1 FY18 from $427.71 million in the year ago corresponding period. Moreover, the segment’s total AUM was $119.58 billion during Q1 FY18 compared to $102.07 billion in Q1 FY17.

During the reported quarter, Blackstone’s Hedge Fund Solutions segment’s total revenues declined 23% to $140.42 million from $182.27 million in the prior year’s same quarter. The segment’s economic income came in at $56.42 million during Q1 FY18, declining 42% from $98.01 million in Q1 FY17. In addition, the segment’s total AUM was $78.66 billion during Q1 FY18, up from $73.30 billion in Q1 FY17.

Blackstone’s Credit segment reported total revenues of $202.12 million in Q1 FY18 versus $226.34 million in the year ago comparable quarter. The segment’s economic income declined 24% to $76.10 million in Q1 FY18 from $100.54 million in Q1 FY17. Meanwhile, the segment’s total AUM was up 50% to $139.97 billion during Q1 FY18 from $93.12 billion in Q1 FY17.

Stock Performance Snapshot

May 02, 2018 – At Wednesday’s closing bell, The Blackstone Group’s stock marginally dropped 0.51%, ending the trading session at $30.94.

Volume traded for the day: 2.25 million shares.

Stock performance in the past twelve-month period – up 0.62%

After yesterday’s close, The Blackstone Group’s market cap was at $38.15 billion.

Price to Earnings (P/E) ratio was at 13.45.

The stock has a dividend yield of 10.99%.

The stock is part of the Financial sector, categorized under the Asset Management industry.

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