Independence Bank of Kentucky and
Cornerstone Wealth Group LLC are among the institutions increasing their shares in
Blackstone (NYSE:BX). Blackstone demonstrates strong performance generating a 26% Compound Annual Growth Rate (CAGR) for its shareholders in the past five years. News surfaced that the firm is reassessing its options for
Legence, a consultancy agency worth $5B.
First Bank & Trust and
Brookstone Capital Management also bought shares of Blackstone. Recently, Blackstone's Q1 2024 Earnings Call Transcript was posted which showcased a strong performance for Blackstone. The company's stock meets market expectation despite occasional drops.
Blackstone Real Estate recently completed the privatization of
AIR Communities at approximately $10B. Blackstone's growth continues with the acquisition of
Village Hotels and collaboration with Moderna's Influenza Program. Moreover, Blackstone anticipates sharing more equity with its employees while making significant investments in growing businesses like
7 Brew. The firm also sold $1.1B worth of Private Equity Funds Stakes to
Ares and made an acquisition in
AIG's sizeable housing portfolio. Despite mixed market reactions, the company remains optimistic for the year ahead.
Blackstone BX News Analytics from Fri, 17 Nov 2023 08:00:00 GMT to Sun, 30 Jun 2024 19:49:57 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor 4
