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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
96% more first-time investments, than exits
New positions opened: 206 | Existing positions closed: 105
21% more funds holding in top 10
Funds holding in top 10: 62 [Q2] → 75 (+13) [Q3]
20% more capital invested
Capital invested by funds: $66.5B [Q2] → $80.1B (+$13.5B) [Q3]
4% more funds holding
Funds holding: 1,834 [Q2] → 1,909 (+75) [Q3]
8% more repeat investments, than reductions
Existing positions increased: 741 | Existing positions reduced: 687
1.94% less ownership
Funds ownership: 75.24% [Q2] → 73.3% (-1.94%) [Q3]
22% less call options, than puts
Call options by funds: $2.17B | Put options by funds: $2.8B
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Wells Fargo Michael Brown 74% 1-year accuracy 32 / 43 met price target | 0%upside $180 | Equal-Weight Maintained | 14 Jan 2025 |
Keefe, Bruyette & Woods Michael Brown 74% 1-year accuracy 32 / 43 met price target | 3%downside $174 | Market Perform Maintained | 13 Jan 2025 |
Barclays Benjamin Budish 77% 1-year accuracy 88 / 115 met price target | 7%upside $192 | Equal-Weight Maintained | 13 Jan 2025 |
Piper Sandler Crispin Love 61% 1-year accuracy 17 / 28 met price target | 1%downside $179 | Neutral Maintained | 23 Dec 2024 |
BMO Capital Etienne Ricard 75% 1-year accuracy 9 / 12 met price target | 13%downside $157 | Market Perform Maintained | 19 Dec 2024 |
Financial journalist opinion
Based on 13 articles about BX published over the past 30 days