Blackstone
BX

$137.12

0.83%

Market Cap: $105B

About: Blackstone is the world's largest alternative-asset manager with $1.076 trillion in total asset under management, including $808.7 billion in fee-earning assets under management, at the end of June 2024. The company has four core business segments: private equity (25% of fee-earning AUM and 28% of base management fees), real estate (37% and 42%), credit and insurance (29% and 23%), and multi-asset investing (9% and 7%). While the firm primarily serves institutional investors (87% of AUM), it also caters to clients in the high-net-worth channel (13%). Blackstone operates through 25 offices in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).

Employees: 4,735

Financials Investment Advice

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

12% more repeat investments, than reductions

Existing positions increased: 738 | Existing positions reduced: 657

0% less funds holding

Funds holding: 1,813 [Q1] → 1,812 (-1) [Q2]

1% less first-time investments, than exits

New positions opened: 132 | Existing positions closed: 133

2.61% less ownership

Funds ownership: 72.17% [Q1] → 69.56% (-2.61%) [Q2]

3% less funds holding in top 10

Funds holding in top 10: 64 [Q1] → 62 (-2) [Q2]

9% less capital invested

Capital invested by funds: $67.6B [Q1] → $61.5B (-$6.07B) [Q2]

33% less call options, than puts

Call options by funds: $1.6B | Put options by funds: $2.39B

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$120

12%

downside

Avg. target

$140

2%

upside

High target

$164

20%

upside

9 analyst ratings

5 positive

56%

4 neutral

44%

0 negative

0%

Redburn Atlantic Nicholas Watts 0% 1-year accuracy 0 / 3 met price target	2%downside $134	Neutral Initiated	27 Aug 2024
Deutsche Bank Brian Brungardt 100% 1-year accuracy 1 / 1 met price target	6%upside $146	Buy Maintained	15 Aug 2024
Morgan Stanley Michael Cyprys 60% 1-year accuracy 18 / 30 met price target	20%upside $164	Overweight Maintained	23 Jul 2024
Barclays Benjamin Budish 72% 1-year accuracy 52 / 72 met price target	3%upside $141	Equal-Weight Maintained	19 Jul 2024
B of A Securities Craig Siegenthaler 74% 1-year accuracy 14 / 19 met price target	6%upside $145	Buy Maintained	19 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 23 articles about BX published over the past 30 days

Exclusive: Vista and Blackstone in talks to acquire software maker Smartsheet, sources say

A private equity consortium including Vista Equity Partners and Blackstone is in talks to acquire Smartsheet , a U.S. maker of workplace collaboration software with a market value of about $7 billion, people familiar with the matter said on Thursday.

Exclusive: Vista and Blackstone in talks to acquire software maker Smartsheet, sources say

Blackstone to Present at the Barclays Global Financial Services Conference

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) announced today that Michael Chae, Chief Financial Officer, is scheduled to present at the Barclays Global Financial Services Conference on Wednesday, September 11, 2024 at 11:15 am ET. A live webcast of the presentation will be available on the Shareholders section of Blackstone's website at http://ir.blackstone.com. For those unable to listen to the live webcast, a replay will be available on Blackstone's website shortly after the event. About B.

Blackstone to Present at the Barclays Global Financial Services Conference

The More It Drops, The More I Buy

A sector of the market has pulled back meaningfully over the past three months. However, it offers very attractive dividends and has a very bullish long-term outlook, backed by numerous macro trends. I share some of my top picks in the sector right now.

The More It Drops, The More I Buy

Blackstone buys stake in $1.2 billion European logistics fund

Private equity giant Blackstone has agreed to buy an 80% stake in a European warehouse portfolio run by landlord Burstone , the latest push by the U.S. investment manager into warehouses that have boomed alongside the rise of e-commerce.

Blackstone buys stake in $1.2 billion European logistics fund

Billionaire Investors Are Buying Alternatives Hand-Over-Fist

Prominent billionaire investors are investing heavily in alternatives. We discuss why this is. We share some of our top picks of the moment.

Billionaire Investors Are Buying Alternatives Hand-Over-Fist

Blackrock vs Blackstone: which is a better stock to buy?

Blackrock (BLK) and Blackstone (BX) stocks have rewarded their investors well for decades as they continued becoming dominant players in their respective industries. BX's total return in the last five years stood at over 242% while BLK's return came in at 142%.

Blackrock vs Blackstone: which is a better stock to buy?

24/7 Wall Street

3 Stocks Ready to Profit From the NFL's Private Equity Agreement

The NFL season starts Thursday night with the defending Super Bowl champion Kansas City Chiefs hosting the Baltimore Ravens.

3 Stocks Ready to Profit From the NFL's Private Equity Agreement

The Delisting Dilemma: Navigating The Paradox Of Preferred Securities

Misconceptions about preferred securities and delisting are common, leading to unnecessary concerns among investors. Delisting does not give companies new ways to exploit investors. It primarily affects liquidity, not the security's fundamental promises. Through examples of notable delisting, we show that these securities continue to deliver on their income promises to shareholders.

The Delisting Dilemma: Navigating The Paradox Of Preferred Securities

Dividend Kings Are Overrated

Dividend growth stocks can outperform the market, but long growth streaks don't guarantee better returns. Investors should dig deeper than labels. Research shows abnormal returns diminish after a few consecutive dividend hikes. Beyond that, consistent growth offers no significant advantage. Instead of focusing solely on Dividend Aristocrats or Kings, consider high-quality companies with strong fundamentals and growth potential.

Dividend Kings Are Overrated

Attention Average Joe And Jane: Private Equity Is No Longer Just For The Ultra Rich Folks

Blackstone, with a market cap of $170 billion, is a dominant PE firm, leveraging its scale and diversified investments for impressive growth. KKR, a $110 billion PE giant, continues to expand rapidly, with strong growth in private equity, infrastructure, real estate, and credit. Both Blackstone and KKR present compelling investment opportunities, driven by their strategic initiatives and market dominance, making them great buys on dips.

Attention Average Joe And Jane: Private Equity Is No Longer Just For The Ultra Rich Folks

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