Blackstone
About: Blackstone is the world's largest alternative-asset manager with $1.108 trillion in total asset under management, including $820.5 billion in fee-earning assets under management, at the end of September 2024. The company has four core business segments: private equity (25% of fee-earning AUM and 30% of base management fees), real estate (35% and 39%), credit and insurance (31% and 24%), 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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 14 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
55% more first-time investments, than exits
New positions opened: 203 | Existing positions closed: 131
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] → $76.8B (+$12.2B) [Q3]
4% more funds holding
Funds holding: 1,833 [Q2] → 1,905 (+72) [Q3]
8% more repeat investments, than reductions
Existing positions increased: 740 | Existing positions reduced: 687
2.73% less ownership
Funds ownership: 73.1% [Q2] → 70.37% (-2.73%) [Q3]
22% less call options, than puts
Call options by funds: $2.16B | Put options by funds: $2.77B
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$146
15%
downside
Avg. target
$176
3%
upside
High target
$230
35%
upside
14 analyst ratings
5 positive
36%
9 neutral
64%
0 negative
0%
Keefe, Bruyette & Woods Michael Brown 68% 1-year accuracy 28 / 41 met price target | 2%upside $175 | Market Perform Maintained | 20 Dec 2024 |
BMO Capital Etienne Ricard 75% 1-year accuracy 9 / 12 met price target | 8%downside $157 | Market Perform Maintained | 19 Dec 2024 |
Wells Fargo Michael Brown 68% 1-year accuracy 28 / 41 met price target | 14%upside $195 | Equal-Weight Downgraded | 12 Dec 2024 |
Barclays Benjamin Budish 69% 1-year accuracy 72 / 104 met price target | 16%upside $199 | Equal-Weight Maintained | 9 Dec 2024 |
TD Cowen Bill Katz 84% 1-year accuracy 32 / 38 met price target | 35%upside $230 | Buy Upgraded | 9 Dec 2024 |
Financial journalist opinion
Based on 22 articles about BX published over the past 30 days
Positive
Seeking Alpha
18 hours ago
Buy The Dip: High-Yield High-Growth Stocks Getting Way Too Cheap
The Federal Reserve's announcement of fewer rate cuts has caused market panic, accelerating pullbacks in high-yield, high-growth stocks. However, I have found that high-yield, high-growth stocks are among the most rewarding investments. I share two high-yield, high-growth stocks that Mr. Market appears to be overlooking right now.
Positive
Seeking Alpha
3 days ago
My Dividend Stock Portfolio: New November Dividend Record - 97 Holdings With 18 Buys
In November, I invested $1,400 primarily in Business Development Companies, boosting my yearly dividend income by $148, with a YTD total exceeding $1,400. My portfolio achieved all-time highs, driven by a strong earnings season and a dovish Fed, with BDCs like Goldman Sachs BDC and Blackstone Secured Lending Fund as key picks. November's dividend income hit a record $620, a 20% Y/Y growth, mainly due to ongoing investments into Hercules Capital.
Positive
Seeking Alpha
1 week ago
10% Yields: 2 Well-Covered Big Dividends The Market Is Sleeping On
The market rarely offers 10%+ yielding common equities that have a low risk of facing a cut. However, once in a while it offers up compelling opportunities like this. I share two 10%+ yields that are well-covered, and the market appears to be sleeping on them.
Neutral
Business Wire
1 week ago
Blackstone Announces Acquisition of Tokyo Garden Terrace Kioicho, Japan's Largest Ever Real Estate Investment by a Foreign Investor
TOKYO--(BUSINESS WIRE)--Blackstone (NYSE: BX), the world's leading alternative investment firm, today announced that Real Estate funds managed by Blackstone (“Blackstone”) have entered into definitive agreements to acquire Tokyo Garden Terrace Kioicho, an acclaimed 2.4 million square feet of mixed-use asset, from affiliates of Seibu Holdings. At $2.6 billion (around JPY 400 billion), this marks the largest real estate investment by a foreign investor in Japan and the firm's largest investment t.
Neutral
Seeking Alpha
1 week ago
Blackstone Inc. (BX) Goldman Sachs 2024 U.S. Financial Services Conference (Transcript)
Blackstone Inc. (NYSE:BX ) Goldman Sachs 2024 U.S. Financial Services Conference December 11, 2024 12:20 PM ET Company Participants Jon Gray - President and COO Conference Call Participants Alexander Blostein - Goldman Sachs Alexander Blostein Okay. Well, good afternoon, everybody.
Neutral
Zacks Investment Research
1 week ago
VIRT vs. BX: Which Stock Is the Better Value Option?
Investors looking for stocks in the Financial - Miscellaneous Services sector might want to consider either Virtu Financial (VIRT) or Blackstone Inc. (BX). But which of these two stocks offers value investors a better bang for their buck right now?
Positive
Reuters
1 week ago
Blackstone sees private equity North America exit volumes doubling next year
Alternative asset manager Blackstone expects exit volumes in its North America private equity business to double in 2025, driven by expectations of increased IPOs, and M&As activity, as inflation eases and deal flow rebounds from a low base, a top executive told Reuters on Tuesday.
Neutral
CNBC Television
1 week ago
Call of the Day: Blackstone
The CNBC 'Halftime Report' Investment Committee discusses Blackstone and other financial names.
Neutral
Business Wire
2 weeks ago
Blackstone Completes Senior Notes Offering
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced the completion of the previously announced offering of $750 million of 5.000% senior notes due 2034 of Blackstone Reg Finance Co. L.L.C., its indirect subsidiary. The notes are fully and unconditionally guaranteed by Blackstone Inc. and its indirect subsidiaries, Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone intends to use the.
Positive
Reuters
2 weeks ago
Blackstone, EQT advance into next round of Urbaser sale, sources say
Buyout groups Blackstone and EQT have advanced to the second round of bids in the sale process of waste management company Urbaser, according to two sources with knowledge of the situation.
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