Over the recent period, investment firms including Concurrent Investment Advisors, Transcend Capital Advisors and Summit Place Financial Advisors have decreased their holdings in Blackstone Inc. (NYSE:BX). Nonetheless, other investors such as CIBC Asset Management, Pittenger & Anderson and Allworth Financial have increased their positions. Notably, Blackstone's Director, Ruth Porat, acquired an additional 301 Blackstone shares.
Blackstone's recent activities include seeking an $800 million loan for a New York office purchase and boosting its dividend to $1.44. Blackstone also demonstrated confidence in their $80 billion data center investments amid industry shifts in Artificial Intelligence (AI). The firm surpassed Q4 earning estimates highlighting its financial strength.
The company made significant business moves such as a $4 billion acquisition of Retail Opportunity Investments Corp., and potentially mulling over a $2 billion sale of Olympus Energy. Meanwhile, insider selling was observed resulting in a hint of hesitancy.
Blackstone BX News Analytics from Thu, 17 Oct 2024 07:00:00 GMT to Sat, 22 Feb 2025 20:00:00 GMT - Rating 7 - Innovation 2 - Information 9 - Rumor -4
