Blackstone (BX) continues to be hailed as one of the best asset management stocks to buy, with several hedge funds and financial groups, including
Copley Financial Group and
Sanctuary Advisors boosting their investments. Acquisitions have characterized its recent activities, with a purchase of Czech warehouse owner,
CT Real Estate and Tokyo Garden Terrace Kioicho - the largest real estate investment by a foreign investor. The company has also broken records by acquiring an iconic Tokyo complex for $2.6 billion. Blackstone has expressed intentions for Jersey Mike’s buyout, and recently reported a successful Q3 2024 earnings call, with considerable growth in
Assets Under Management (AUM). Other dealings include interest in Mitsubishi’s pharma unit and a $3.5 billion deal. Despite some stock holdings being decreased by institutions like
TCW Group,
Toronto Dominion Bank, and
M&T Bank Corp, other firms like Arete Wealth Advisors, and
Virtu Financial continue to increase their holdings. Lastly,
Barclays has increased their price target for Blackstone, aligning with the bullish market sentiment.
Blackstone BX News Analytics from Wed, 21 Aug 2024 07:00:00 GMT to Sat, 14 Dec 2024 20:53:53 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -5
