Blackstone Group LP, the world's largest alternative asset manager, reported a 30 percent rise in first-quarter earnings, driven by strong gains in its private equity arm that more than offset declines in its real estate unit. Blackstone said on Thursday that economic net income (ENI), a metric of its profitability takes into account the mark-to-market valuation of its portfolio, was $813.9 million in the first quarter versus $628.3 million a year ago.This translated into ENI per share of 70 cents, more than the 56 cents that analysts forecast on average in a Thomson Reuters poll.Distributable earnings, which show actual cash that is available to pay dividends, rose 24 percent in the first quarter to $485 million.Total assets under management reached a record $272 billion as of the end of March, up 25 percent from one year ago. Fee-earning assets under management rose 19 percent to $203.6 billion.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 2.45% or $0.74/share to $30.94. In the past year, the shares have traded as low as $19.15 and as high as $35.39. On average, 5737370 shares of BX exchange hands on a given day and today's volume is recorded at 5786534.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.19% or $0.41/share to $34.73. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 864863 shares of TRI exchange hands on a given day and today's volume is recorded at 949950.
Thomson Reuters Corporation (Thomson Reuters), is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.57% or $0.59/share to $38.25. In the past year, the shares have traded as low as $32.83 and as high as $42.10. On average, 991575 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 503899.
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