Principal Financial Group Inc. and
AIA Group Ltd have increased their stock holdings in
Blackstone Inc. (BX), while
Beta Wealth Group Inc. and
Leavell Investment Management Inc. decreased theirs. Despite these mixed actions, Blackstone's stock reached a record high following a surge in assets under management (
AUM) and successful Q3 earnings that beat estimates. Furthermore, BX has delivered a 286% return for those who invested five years ago. Blackstone's real estate division is set to take
Retail Opportunity Investments private in a $4 billion deal. Talks are also in progress with
Retail Opportunity Investments Corp. (ROIC) and
AirTrunk, with a C$7 billion investment deal with
Rogers nearing closure. Analysts are interested in BX's expected Q3 earnings with Blackstone inc. shifting to private credit. The firm recently announced leadership transitions within its Tactical Opportunities team. Despite these positive developments, some suggest it's time to sell Blackstone's stock based on questionable valuation. Blackstone's operations in Japan have exceeded $1 billion as investors warm to private equity.
Blackstone BX News Analytics from Wed, 14 Feb 2024 08:00:00 GMT to Sat, 09 Nov 2024 13:04:42 GMT -
Rating 7
- Innovation -6
- Information 8
- Rumor -2
