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Blackstone BX - News Analyzed: 3,989 - Last Week: 100 - Last Month: 500

↑ Blackstone BX: Prospering Amid Expansion & Acquisitions With Record-Setting Q3 Performance; Financial Analysis & Outlook

Blackstone BX: Prospering Amid Expansion & Acquisitions With Record-Setting Q3 Performance; Financial Analysis & Outlook
Numerous significant developments concerning Blackstone (BX) have emerged recently. Blackstone is reportedly in talks to acquire US pipeline stakes from EQT for $3.5 billion. Meanwhile, Parcion Private Wealth LLC has expanded its stake in Blackstone, purchasing over 9,000 shares. As the firm explores new sectors, especially private credit, there are mixed sentiments over the profitability of its stock, with some forecasting a rise in dividends while others suggest it may be time to sell. Q3 2024 earnings call showcased record growth in fee-earning assets under management (AUM) and strategical wins. Blackstone's proactive approach in collaborations and acquisitions such as the potential acquisition of shopping center owner Retail Opportunity has been noted. Notably, Blackstone's Q3 earnings and revenues have surpassed estimates, which led to a surge in its stock. However, there is some caution amid increased expenses and a lag in earnings compared to shareholder returns. The appointment of Citi’s Tyler Dickson for a key credit job showcases Blackstone's focus on talent acquisition. Some insider sales of Blackstone shares notably by, Director Joseph Baratta, have also occurred recently.

Blackstone BX News Analytics from Wed, 14 Feb 2024 08:00:00 GMT to Sat, 26 Oct 2024 15:16:07 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor -3

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