BlackstoneBX
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
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
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
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 |
Financial journalist opinion
Based on 23 articles about BX published over the past 30 days