A variety of investment firms and advisors have increased or decreased their stakes in
Blackstone Inc. (BX), including Northwest Bank & Trust Co., Scarborough Advisors LLC, Fort Sheridan Advisors LLC and Clear Street Markets LLC. The company performed well in Q1 2024, meeting earnings estimates and showing increased AUM balance year-over-year.
Blackstone also made strategic moves, including the acquisition of
Tropical Smoothie Cafe, a growth investment in 7 Brew, and a joint venture in hyperscale data center development with Digital Realty. The firm's decision to share equity ownership with more employees was noted, as was an impending $1 billion borrowing initiative backed by its own assets. Despite some fluctuations in stock,
Blackstone continues to innovate, with recent moves like a minority growth investment in Salas O’Brien, and a plan to extend equity ownership to most employees in future U.S. buyouts. The recent hiring of a senior credit role from Morgan Stanley signals growth in their credit business. Overall,
Blackstone's strategic investments, performance outcomes, and future-focused initiatives present a mixed, but overall positive view of the asset management giant.
Blackstone BX News Analytics from Wed, 13 Sep 2023 07:00:00 GMT to Sun, 16 Jun 2024 13:35:44 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 3
