BlackstoneBX
Market Cap: $119B
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: 739 | Existing positions reduced: 659
2% more first-time investments, than exits
New positions opened: 136 | Existing positions closed: 133
0% more funds holding
Funds holding: 1,817 [Q1] → 1,820 (+3) [Q2]
2.56% less ownership
Funds ownership: 72.17% [Q1] → 69.61% (-2.56%) [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] → $61.6B (-$6.03B) [Q2]
33% less call options, than puts
Call options by funds: $1.61B | Put options by funds: $2.39B
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Wells Fargo Michael Brown 87% 1-year accuracy 13 / 15 met price target | 5%upside $163 | Overweight Initiated | 12 Sept 2024 |
Redburn Atlantic Nicholas Watts 100% 1-year accuracy 3 / 3 met price target | 14%downside $134 | Neutral Initiated | 27 Aug 2024 |
Deutsche Bank Brian Brungardt 100% 1-year accuracy 1 / 1 met price target | 6%downside $146 | Buy Maintained | 15 Aug 2024 |
Morgan Stanley Michael Cyprys 67% 1-year accuracy 20 / 30 met price target | 6%upside $164 | Overweight Maintained | 23 Jul 2024 |
Barclays Benjamin Budish 81% 1-year accuracy 59 / 73 met price target | 9%downside $141 | Equal-Weight Maintained | 19 Jul 2024 |
Financial journalist opinion
Based on 25 articles about BX published over the past 30 days