Blackstone Inc. (BX) saw notable acquisitions of its shares by a number of investment management firms, including Fisher Asset Management LLC, International Assets Investment Management LLC, Charles Schwab Investment Management Inc., and Van ECK Associates Corp. This comes alongside Blackstone's first quarter 2024 financial revelations, wherein earnings were reported to align with estimates and AUM growth year over year was observed. Key collaborations, such as with Moderna's Influenza Program alongside major strategic investments, including in 7 Brew and a $7 Billion Hyperscale Data Center, were announced. Further noteworthy moves include the sell of $1.1 billion of private equity fund stakes to Ares, earning increased credit role by hiring Morgan Stanley's Leiter, and going all-in with Taylor Swift with a holiday video. Despite certain drops in the BX stock when the market gained, Blackstone saw outperformance in Q3, owing to its addition to the S&P 500, and was acknowledged with rising relative price strength. The firm closed the quarter with a strong performance report and accelerating momentum, reinforcing optimism from CEO Steve Schwarzman for future gains.
Blackstone BX News Analytics from Wed, 13 Sep 2023 07:00:00 GMT to Fri, 10 May 2024 11:01:32 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor -3