Janney Capital Management Has Upped Its Blackstone Group LP (BX) Stake; Adams Diversified Equity Fund (ADX) Shorts Up By 4.32%

January 13, 2018 - By Vivian Park

Janney Capital Management Llc increased Blackstone Group Lp (BX) stake by 122.81% reported in 2017Q3 SEC filing. Janney Capital Management Llc acquired 10,500 shares as Blackstone Group Lp (BX)’s stock declined 1.16%. The Janney Capital Management Llc holds 19,050 shares with $635,000 value, up from 8,550 last quarter. Blackstone Group Lp now has $42.01B valuation. The stock increased 2.49% or $0.86 during the last trading session, reaching $35.39. About 10.43M shares traded or 153.76% up from the average. The Blackstone Group L.P. (NYSE:BX) has risen 20.49% since January 13, 2017 and is uptrending. It has outperformed by 3.79% the S&P500.

Adams Diversified Equity Fund Incorporated (NYSE:ADX) had an increase of 4.32% in short interest. ADX’s SI was 775,500 shares in January as released by FINRA. Its up 4.32% from 743,400 shares previously. With 322,500 avg volume, 2 days are for Adams Diversified Equity Fund Incorporated (NYSE:ADX)’s short sellers to cover ADX’s short positions. The SI to Adams Diversified Equity Fund Incorporated’s float is 0.81%. The stock increased 0.64% or $0.1 during the last trading session, reaching $15.67. About 194,880 shares traded. Adams Diversified Equity Fund, Inc. (NYSE:ADX) has risen 19.88% since January 13, 2017 and is uptrending. It has outperformed by 3.18% the S&P500.

Since December 13, 2017, it had 0 insider buys, and 1 sale for $632,896 activity. Finley John G sold 20,000 shares worth $632,896.

Janney Capital Management Llc decreased Visa Inc Class A (NYSE:V) stake by 24,078 shares to 168,850 valued at $17.77M in 2017Q3. It also reduced Fedex Corp (NYSE:FDX) stake by 2,273 shares and now owns 67,697 shares. Laboratory Corp Of Amer (NYSE:LH) was reduced too.

Investors sentiment decreased to 1.24 in 2017 Q3. Its down 0.40, from 1.64 in 2017Q2. It fall, as 29 investors sold BX shares while 155 reduced holdings. 52 funds opened positions while 177 raised stakes. 272.94 million shares or 3.67% less from 283.35 million shares in 2017Q2 were reported. Baltimore holds 260,486 shares. New Jersey Better Educational Savings Tru stated it has 0.31% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Griffin Asset Management Incorporated accumulated 79,830 shares or 0.48% of the stock. Envestnet Asset invested in 0% or 19,309 shares. Picton Mahoney Asset Mngmt holds 0.32% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 127,850 shares. Rockefeller Fincl Incorporated owns 5,545 shares. Bridgecreek Investment Mngmt Limited Liability Co holds 169,860 shares. Peapack Gladstone accumulated 0.09% or 48,509 shares. Garrison Bradford Associates holds 1.59% or 57,000 shares in its portfolio. M&R Mgmt owns 14,205 shares. Cypress Capital Group Inc invested 0.14% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Gilman Hill Asset Limited Liability Corporation holds 0.29% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 21,200 shares. Brown Advisory has 0.09% invested in The Blackstone Group L.P. (NYSE:BX). Bnp Paribas Arbitrage owns 114,193 shares. 10 holds 1.05% or 124,255 shares in its portfolio.

Among 19 analysts covering The Blackstone Group L.P. (NYSE:BX), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. The Blackstone Group L.P. had 57 analyst reports since August 9, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, January 26 by RBC Capital Markets. Deutsche Bank downgraded the stock to “Hold” rating in Friday, March 11 report. The rating was maintained by Oppenheimer with “Buy” on Thursday, July 20. The stock of The Blackstone Group L.P. (NYSE:BX) has “Buy” rating given on Friday, January 12 by J.P. Morgan. Bank of America maintained the shares of BX in report on Friday, October 20 with “Buy” rating. Keefe Bruyette & Woods maintained The Blackstone Group L.P. (NYSE:BX) rating on Monday, August 14. Keefe Bruyette & Woods has “Buy” rating and $37.0 target. The firm earned “Buy” rating on Wednesday, January 10 by Keefe Bruyette & Woods. As per Sunday, August 9, the company rating was maintained by Standpoint Research. Susquehanna maintained it with “Positive” rating and $46 target in Thursday, September 3 report. Deutsche Bank maintained the stock with “Buy” rating in Friday, January 8 report.

Adams Diversified Equity Fund, Inc. is a self-managed investment trust. The company has market cap of $1.55 billion. The firm invests in the public equity markets of the United States. It has a 5.54 P/E ratio. It invests in stocks of large-cap companies across diversified sectors to make its investments.

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