Blackstone
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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
23% more first-time investments, than exits
New positions opened: 196 | Existing positions closed: 159
21% more funds holding in top 10
Funds holding in top 10: 62 [Q2] → 75 (+13) [Q3]
19% more capital invested
Capital invested by funds: $64.6B [Q2] → $76.6B (+$12B) [Q3]
2% more funds holding
Funds holding: 1,831 [Q2] → 1,868 (+37) [Q3]
8% more repeat investments, than reductions
Existing positions increased: 729 | Existing positions reduced: 673
2.9% less ownership
Funds ownership: 73.1% [Q2] → 70.2% (-2.9%) [Q3]
22% less call options, than puts
Call options by funds: $2.16B | Put options by funds: $2.77B
Research analyst outlook
19 Wall Street Analysts provided 1 year price targets over the past 3 months
19 analyst ratings
Deutsche Bank Brian Brungardt 100% 1-year accuracy 1 / 1 met price target | 0%upside $182 | Buy Maintained | 11 Nov 2024 |
Citigroup Chris Allen 67% 1-year accuracy 2 / 3 met price target | 6%downside $170 | Neutral Maintained | 18 Oct 2024 |
Evercore ISI Group Glenn Schorr 97% 1-year accuracy 33 / 34 met price target | 0%downside $181 | Outperform Maintained | 18 Oct 2024 |
B of A Securities Craig Siegenthaler 76% 1-year accuracy 19 / 25 met price target | 6%upside $192 | Buy Maintained | 18 Oct 2024 |
TD Cowen Bill Katz 97% 1-year accuracy 33 / 34 met price target | 18%downside $149 | Hold Maintained | 18 Oct 2024 |
Financial journalist opinion
Based on 20 articles about BX published over the past 30 days