Investment company, CreativeOne Wealth LLC, has taken a $238000 position in Blackstone Inc. (BX). Blackstone Inc. announced plans to share equity ownership with more workers and grant equity to most of its employees in future U.S. buyouts. TCW Group Inc. also increased their stock position in Blackstone, with other investor groups also increasing their shares. Various headlines predict an upside breakout for Blackstone, and it has received ratings upgrades.
Blackstone's solid Q1 2024 earnings, as well as continual strong earnings results, make it a stable choice for dividend stock investors. The firm has also announced significant growth investments in 7 Brew and Salas O'Brien. Their strategic plans also include a $7 billion jV with Digital Realty for a hyperscale data centre development, and a $10 billion private take-over of rental housing owner, AIR Communities. Further, an unusual options activity was reported for Blackstone on May 07.
Despite the market dips, Blackstone's stock has been performing better than its underlying earnings growth over the past five years. The firm has also opened a private credit fund to French retail investors and hired Morgan Stanley's Leiter for a senior credit role.
Blackstone BX News Analytics from Wed, 13 Sep 2023 07:00:00 GMT to Sun, 26 May 2024 11:45:17 GMT - Rating 7 - Innovation 6 - Information 9 - Rumor -5
