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Blackstone
BX

$123.43
3.77%
 

About: Blackstone is the world's largest alternative-asset manager with $1.040 trillion in total asset under management, including $762.6 billion in fee-earning assets under management, at the end of 2023. The company has four core business segments: private equity (22% of fee-earning AUM and 28% of base management fees), real estate (39% and 43%), credit and insurance (29% and 21%), and hedge fund solutions (10% and 8%). 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 6,689 funds
0
Analysts bullish %
of 22 analysts
0
News positive %
of 40 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

11% more first-time investments, than exits

New positions opened: 157 | Existing positions closed: 142

5% more repeat investments, than reductions

Existing positions increased: 695 | Existing positions reduced: 660

1% more funds holding

Funds holding: 1,772 [Q4 2023] → 1,787 (+15) [Q1 2024]

2% less capital invested

Capital invested by funds: $65.6B [Q4 2023] → $64.1B (-$1.43B) [Q1 2024]

2.11% less ownership

Funds ownership: 70.59% [Q4 2023] → 68.48% (-2.11%) [Q1 2024]

27% less funds holding in top 10

Funds holding in top 10: 86 [Q4 2023] → 63 (-23) [Q1 2024]

48% less call options, than puts

Call options by funds: $1.42B | Put options by funds: $2.75B

Research analyst outlook

22 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$96
22%
downside
Avg. target
$129
5%
upside
High target
$150
22%
upside

22 analyst ratings

10 positive
45%
12 neutral
55%
negative
0%
Argus Research
Stephen Biggar
9%upside
$135
Buy
Maintained
24 Apr 2024
TD Cowen
Bill Katz
8%downside
$114
Hold
Maintained
19 Apr 2024
B of A Securities
Craig Siegenthaler
7%upside
$132
Buy
Maintained
19 Apr 2024
Barclays
Benjamin Budish
1%upside
$125
Equal-Weight
Reiterated
19 Apr 2024
JP Morgan
Kenneth Worthington
19%downside
$100
Neutral
Maintained
19 Apr 2024

Financial journalist opinion

Based on 40 articles about BX published over the past 30 days