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 7,139 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
260% more first-time investments, than exits
New positions opened: 263 | Existing positions closed: 73
35% more funds holding in top 10
Funds holding in top 10: 75 [Q3] → 101 (+26) [Q4]
9% more capital invested
Capital invested by funds: $80.1B [Q3] → $87.5B (+$7.46B) [Q4]
5% more funds holding
Funds holding: 1,914 [Q3] → 2,017 (+103) [Q4]
3% more repeat investments, than reductions
Existing positions increased: 743 | Existing positions reduced: 721
2.95% less ownership
Funds ownership: 73.3% [Q3] → 70.35% (-2.95%) [Q4]
22% less call options, than puts
Call options by funds: $2.68B | Put options by funds: $3.42B
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$154
3%
downside
Avg. target
$181
15%
upside
High target
$230
45%
upside
9 analyst ratings
1 positive
11%
8 neutral
89%
0 negative
0%
UBS Brennan Hawken 74% 1-year accuracy 25 / 34 met price target | 14%upside $180 | Neutral Maintained | 3 Feb 2025 |
Citigroup Chris Allen 75% 1-year accuracy 3 / 4 met price target | 20%upside $190 | Neutral Maintained | 31 Jan 2025 |
JP Morgan Kenneth Worthington 71% 1-year accuracy 24 / 34 met price target | 3%downside $154 | Neutral Maintained | 31 Jan 2025 |
Keefe, Bruyette & Woods Michael Brown 52% 1-year accuracy 31 / 60 met price target | 12%upside $177 | Market Perform Maintained | 31 Jan 2025 |
Barclays Benjamin Budish 76% 1-year accuracy 95 / 125 met price target | 17%upside $186 | Equal-Weight Maintained | 31 Jan 2025 |
Financial journalist opinion
Based on 34 articles about BX published over the past 30 days
Positive
Seeking Alpha
3 hours ago
Big 4 Private Equity Firms In Brighter Mood; Falling Investment In Biotech
Surging revenue from asset management businesses appeared to lift the spirits of private equity's Big Four firms. The middle market drove the increase in the monetization of portfolio company investments in 2024.
Positive
Seeking Alpha
1 day ago
Higher Fee Revenues, Brighter Outlook Boost Mood Of Private Equity's Big 4
Record revenues from management fees and a brighter outlook for M&A in the year ahead helped private equity's Big Four close 2024 on a high note. The average net positivity score for the four largest listed alternative asset managers - Apollo Global Management, Blackstone, The Carlyle, and KKR - rose to its highest level in several years, according to an S&P Global Market Intelligence analysis.
Positive
Seeking Alpha
2 days ago
My Dividend Stock Portfolio: New January Dividend Record - 100 Holdings With 14 Buys
January saw solid investment activity with $1,500 in net capital added, primarily into Business Development Companies like Owl Rock Capital, Goldman Sachs BDC, and Blackstone Secured Lending Fund. Dividend income hit a record $814 in January, up 21% Y/Y, driven by ongoing investments in high-yield BDCs, aiming for $11,000 annual net dividends. Focus on maintaining steady BDC dividends and achieving a monthly increase of $100 in dividend income.
Positive
Zacks Investment Research
4 days ago
IFS vs. BX: Which Stock Should Value Investors Buy Now?
Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both Intercorp Financial Services Inc. (IFS) and Blackstone Inc. (BX). But which of these two companies is the best option for those looking for undervalued stocks?
Negative
Seeking Alpha
6 days ago
The Biggest Mistakes REIT Investors Make
Avoid get-rich-quick schemes and conduct thorough research on real estate investments, especially when influenced by social media gurus. Emphasize risk management and understand the dangers of over-leverage in real estate and REIT investments. Diversify your portfolio to mitigate risks and avoid significant losses from concentrated investments in specific REITs or sectors.
Neutral
Seeking Alpha
1 week ago
Blackstone: Start Buying The Dip (Rating Upgrade)
Our recent call to downgrade Blackstone from "Strong Buy" to "Sell" has been vindicated by the stock's recent underperformance. Since our previous article was published on 23 November 2024, Blackstone's share price has fallen by around -19.7%. The S&P 500 Index gained 2.4% over the same period. Apart from the struggling real estate segment, Blackstone's overall performance is strong with 21% fee-related earnings growth and 8% AUM growth in FY2024.
Positive
Seeking Alpha
1 week ago
Is Blackstone Mortgage's 10% Dividend Yield Too Good To Be True?
Blackstone Mortgage Trust, Inc. benefits from Blackstone's extensive resources, managing a diversified $17B portfolio with strong liquidity and reduced office exposure. BXMT's robust balance sheet, reduced debt-to-equity ratio, and strategic loan resolutions position it well for future growth and dividend stability. Despite a challenging 2024, BXMT's new loan originations and entry into the net lease sector signal a positive outlook.
Neutral
Reuters
1 week ago
Exclusive: Blackstone seeks $800 million loan to finance New York office purchase, sources say
Blackstone plans to take out a loan of about $800 million to finance the purchase of a stake in a 50-story office building in New York City, according to two sources familiar with the matter.
Neutral
Business Wire
1 week ago
Blackstone Real Estate Completes Privatization of Retail Opportunity Investments Corp. for $4 Billion
NEW YORK & SAN DIEGO--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Retail Opportunity Investments Corp. (“ROIC” or the “Company”) today announced that Blackstone Real Estate Partners X (“Blackstone”) has completed its previously announced acquisition of all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. J.P. Morgan acted as ROIC's exclusive financial advisor. Clifford Chance US LLP served as ROIC's.
Neutral
Seeking Alpha
1 week ago
Blackstone Inc. (BX) Bank of America Securities Financial Services Conference 2025 Transcript
Blackstone Inc. (NYSE:BX ) Bank of America Securities Financial Services Conference 2025 February 11, 2025 10:30 AM ET Company Participants Michael Chae - Vice Chairman and Chief Financial Officer Conference Call Participants Craig Siegenthaler - Bank of America Craig Siegenthaler Good morning, everyone. And welcome to Bank of America's 33rd Annual Financial Services Conference.
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